Best EV Stocks in India (2025)
EV stocks are gaining momentum as India accelerates its electric mobility goals, backed by policies, innovation, and rising adoption.
Top EV Stocks in 2025
EV Stock Screener
EV Stock Screener: Analyse & Filter Indian Stocks on Tickertape
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Showing 1 - 20 of 25 results
last updated at 9:45 PM IST
| NameStocks (25)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Bharat Electronics LtdBEL | Electronic EquipmentsElectronic Equipments | 2,92,756.642,92,756.64 | 408.25408.25 | 55.0155.01 | 2.432.43 | 9.159.15 | 40.3640.36 | 30.8930.89 | 17.9117.91 | 26.3726.37 | 40.6340.63 | 0.600.60 | 0.000.00 | 2.362.36 | |
| 2. | Tata Motors LtdTATAMOTORS | Four WheelersFour Wheelers | 2,46,750.012,46,750.01 | 676.20676.20 | 8.878.87 | 0.580.58 | -8.08-8.08 | -6.61-6.61 | -30.88-30.88 | 2.012.01 | 25.7925.79 | 20.8020.80 | 0.900.90 | 0.580.58 | 2.312.31 | |
| 3. | Samvardhana Motherson International LtdMOTHERSON | Auto PartsAuto Parts | 1,05,410.741,05,410.74 | 150.20150.20 | 27.7227.72 | 1.671.67 | -0.77-0.77 | -3.75-3.75 | -19.00-19.00 | 3.743.74 | 10.3310.33 | 16.8316.83 | 0.550.55 | 0.710.71 | 2.652.65 | |
| 4. | Bosch LtdBOSCHLTD | Auto PartsAuto Parts | 95,529.9095,529.90 | 32,290.0032,290.00 | 47.4047.40 | -0.26-0.26 | 1.521.52 | -6.61-6.61 | 0.110.11 | 7.927.92 | 21.6121.61 | 22.4322.43 | 1.581.58 | 0.000.00 | 1.781.78 | |
| 5. | Hero MotoCorp LtdHEROMOTOCO | Two WheelersTwo Wheelers | 87,164.8587,164.85 | 4,338.504,338.50 | 19.9119.91 | -1.04-1.04 | -0.57-0.57 | -0.03-0.03 | -21.18-21.18 | 4.894.89 | 21.6421.64 | 31.4331.43 | 3.783.78 | 0.030.03 | 1.831.83 | |
| 6. | Bharat Forge LtdBHARATFORG | Iron & SteelIron & Steel | 62,046.3462,046.34 | 1,278.301,278.30 | 65.9365.93 | 0.100.10 | 1.051.05 | -0.05-0.05 | -28.64-28.64 | 8.668.66 | 13.6813.68 | 18.9218.92 | 0.640.64 | 1.111.11 | 2.312.31 | |
| 7. | UNO Minda LtdUNOMINDA | Auto PartsAuto Parts | 61,068.0761,068.07 | 1,061.601,061.60 | 64.7664.76 | 2.342.34 | 3.203.20 | 0.910.91 | -1.61-1.61 | 11.6011.60 | 18.1518.15 | 23.7823.78 | 0.210.21 | 0.320.32 | 2.842.84 | |
| 8. | Endurance Technologies LtdENDURANCE | Auto PartsAuto Parts | 34,144.5034,144.50 | 2,576.002,576.00 | 40.8340.83 | 6.676.67 | 8.858.85 | 16.6616.66 | -4.54-4.54 | 6.866.86 | 14.4914.49 | 20.2620.26 | 0.410.41 | 0.150.15 | 2.072.07 | |
| 9. | Exide Industries LtdEXIDEIND | BatteriesBatteries | 32,142.7532,142.75 | 380.25380.25 | 40.4340.43 | 1.471.47 | -5.11-5.11 | -10.80-10.80 | -33.55-33.55 | 2.492.49 | 7.297.29 | 9.709.70 | 0.530.53 | 0.090.09 | 2.192.19 | |
| 10. | Sona BLW Precision Forgings LtdSONACOMS | Auto PartsAuto Parts | 29,755.4229,755.42 | 486.95486.95 | 49.4949.49 | 1.861.86 | -11.02-11.02 | -17.25-17.25 | -23.64-23.64 | 10.6310.63 | 20.3220.32 | 25.8825.88 | 0.630.63 | 0.150.15 | 2.622.62 | |
| 11. | Himadri Speciality Chemical LtdHSCL | Commodity ChemicalsCommodity Chemicals | 22,242.4222,242.42 | 439.50439.50 | 40.0340.03 | 0.370.37 | -5.86-5.86 | -19.63-19.63 | 9.579.57 | 5.905.90 | 16.3116.31 | 21.0021.00 | 0.130.13 | 0.080.08 | 3.003.00 | |
| 12. | Amara Raja Energy & Mobility LtdARE&M | BatteriesBatteries | 18,128.6618,128.66 | 970.50970.50 | 19.1919.19 | -1.59-1.59 | -5.54-5.54 | -18.95-18.95 | -30.73-30.73 | 2.672.67 | 14.5914.59 | 18.1718.17 | 1.061.06 | 0.020.02 | 2.802.80 | |
| 13. | JBM Auto LtdJBMA | Auto PartsAuto Parts | 16,399.6916,399.69 | 653.45653.45 | 81.2281.22 | -4.14-4.14 | -6.63-6.63 | -20.27-20.27 | -34.95-34.95 | 13.7613.76 | 16.0916.09 | 25.4425.44 | 0.120.12 | 1.781.78 | 3.593.59 | |
| 14. | HBL Engineering LtdHBLENGINE | BatteriesBatteries | 16,055.1316,055.13 | 578.40578.40 | 57.9857.98 | 2.642.64 | -3.39-3.39 | -8.40-8.40 | 13.5513.55 | 13.1613.16 | 25.8725.87 | 29.6529.65 | 0.170.17 | 0.060.06 | 3.673.67 | |
| 15. | Minda Corporation LtdMINDACORP | Auto PartsAuto Parts | 12,669.6812,669.68 | 505.10505.10 | 49.6149.61 | -1.11-1.11 | -1.37-1.37 | -0.61-0.61 | 5.655.65 | 6.406.40 | 12.7212.72 | 17.3317.33 | 0.260.26 | 0.270.27 | 3.003.00 | |
| 16. | Ramkrishna Forgings LtdRKFORGE | RailRail | 11,413.2411,413.24 | 627.15627.15 | 27.5027.50 | -1.78-1.78 | 3.323.32 | -29.63-29.63 | -28.08-28.08 | 4.254.25 | 17.0517.05 | 10.5710.57 | 0.320.32 | 0.450.45 | 2.892.89 | |
| 17. | Graphite India LtdGRAPHITE | Electrical Components & EquipmentsElectrical Components & Equipments | 10,817.9510,817.95 | 545.00545.00 | 23.4223.42 | 1.301.30 | -4.44-4.44 | -3.29-3.29 | -7.42-7.42 | 1.931.93 | 15.2815.28 | 10.4510.45 | 1.991.99 | 0.030.03 | 3.233.23 | |
| 18. | HEG LtdHEG | Electrical Components & EquipmentsElectrical Components & Equipments | 9,669.149,669.14 | 488.60488.60 | 84.0484.04 | 0.290.29 | -5.40-5.40 | -9.78-9.78 | 5.295.29 | 2.182.18 | 7.167.16 | 4.404.40 | 0.360.36 | 0.140.14 | 3.583.58 | |
| 19. | Olectra Greentech LtdOLECTRA | Electrical Components & EquipmentsElectrical Components & Equipments | 9,560.769,560.76 | 1,147.001,147.00 | 68.8468.84 | -0.45-0.45 | -10.95-10.95 | -22.13-22.13 | -34.93-34.93 | 10.4310.43 | 8.748.74 | 24.5224.52 | 0.030.03 | 0.130.13 | 3.163.16 | |
| 20. | Gabriel India LtdGABRIEL | Auto PartsAuto Parts | 8,752.238,752.23 | 593.25593.25 | 35.7335.73 | 0.180.18 | -7.47-7.47 | 21.2921.29 | 40.6640.66 | 8.738.73 | -- | 31.1231.12 | 0.770.77 | 0.070.07 | 3.353.35 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Companies that are associated with the EV sector in India, based on publicly available information.
Selection criteria: Companies that are associated with the EV sector in India, based on publicly available information.
About EV Sector
The Indian EV market is on an impressive growth trajectory, expected to skyrocket from US$2 bn in 2023 to US$7.09 bn by 2025, aiming for 10 mn annual sales by 2030. Despite electric vehicles (EVs) making up only 1.3% of car sales in 2022, the sector’s potential is vast, with over a million EVs sold in FY 2022-2023 and projections pointing to a $113.99 bn market by 2029. This growth highlights the increasing interest in EV stocks in India, spanning from manufacturers like Tata Motors to battery giants like Exide.
Union Budget 2025-26 Allocations for the EV Sector
Finance Minister Nirmala Sitharaman presented the eighth Union Budget 2025-26 on 1st February, 2025. It emphasises the government’s sustained push to make electric vehicles more affordable through increased allocations for EV-focused schemes and significant tax relief on critical minerals for lithium-ion battery manufacturing:
- No budget outlays have been made to the FAME scheme and the Electric Mobility Promotion Scheme for 2025-26. FAME Phase II, which focuses on EV purchase incentives and supporting charging infrastructure, continues operationally (having started in 2015), fresh funding is not included in the 2025-26 budget.
- The budget proposes an allocation of Rs. 4,000 cr. for the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PME-DRIVE) scheme in 2025-26. This allocation is significantly higher than the allocation of Rs 1,870.76 cr. to the scheme in 2024-25.
- The budget proposes an increase in allocation from Rs. 346.87 cr. in 2024-25 to Rs. 2,818.85 cr. in 2025-26 towards the PLI scheme for Automobiles and Auto Components.
- The budget exempted Basic Customs Duty (BCD) on key materials like cobalt, lithium-ion battery scrap, lead, zinc, and twelve other minerals. It also reduced import duties on battery materials, helping make EVs more affordable. The government expanded capital goods exemptions, adding 35 items for EV battery production to boost the local supply chain.
Overview of Best EV Stocks in India
Bharat Electronics Ltd
Bharat Electronics Limited is a key player in India’s defence electronics sector, also contributing to EV growth through battery management systems and EV charging infrastructure. Its expertise in embedded systems and power electronics supports critical components needed for electric vehicle technology.
Tata Motors Ltd
Tata Motors is a leading Indian automobile manufacturer with a strong presence in the electric vehicle segment. Through its EV arm, Tata Passenger Electric Mobility, the company produces affordable, mass-market electric cars like the Nexon EV, driving India’s transition to green mobility.
Samvardhana Motherson International Ltd
Samvardhana Motherson International Ltd is a global auto components giant serving EV and ICE segments. It specializes in wiring harnesses, lighting, mirrors, and polymer parts for EVs. As OEMs ramp up electric models, Motherson’s components are integral to the electrification of global and Indian vehicles.
Amara Raja Energy & Mobility Ltd
Formerly Amara Raja Batteries, the company is a top player in battery technology. It supplies lithium-ion battery packs and energy storage solutions tailored for EVs. Amara Raja is focused on building a Gigafactory in India to support the country’s evolving EV ecosystem.
Bharat Forge Ltd
Bharat Forge is a global engineering company known for precision forging. It’s pivoting towards EVs through lightweight components, chassis systems, and e-mobility solutions. With investments in electric powertrains and partnerships with global OEMs, it’s positioning itself as a critical supplier in the EV value chain.
Advantages of Investing in EV Sector Stocks
Growth Potential
Electric vehicle stocks in India are experiencing exponential growth, driven by increasing environmental concerns and government policies promoting cleaner energy sources. As traditional automotive markets stagnate, the EV sector share list promises significant expansion potential.
Government Incentives
Many governments worldwide, including India, are offering various incentives, such as tax rebates, grants, and subsidies for both EV component suppliers India and manufacturers. This makes electric vehicle stocks in India an popular investment opportunity.
Environmental Impact
Investing in EV stocks India aligns with growing consumer and corporate emphasis on sustainability. By supporting the growth of the EV sector stocks in India, investors contribute to the reduction of greenhouse gas emissions and pollution. It also aligns their portfolios with global sustainability goals and the growth of the best electric vehicle stocks.
Consumer Adoption Rates
As consumer preferences shift towards more sustainable and technologically advanced vehicles, the demand for electric vehicles is expected to continue rising. This growing consumer base will likely drive sales volumes and, in turn, the stock prices of companies within the EV sector, including the best EV stocks in India.
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Risks Associated With Investing in EV Stocks
Technological Obsolescence
Companies that fail to keep up with technological advancements risk becoming obsolete. New battery technologies and breakthroughs in charging infrastructure could render existing technologies outdated quickly, affecting the electric vehicle share prices.
High Competition
Heightened competition can pressure profit margins and market share and ultimately affect the financial stability of companies, especially smaller players in EV penny stocks in India or top EV companies in India.
Regulatory and Policy Changes
Changes in the political climate or economic priorities can lead to the withdrawal or reduction of these incentives. Stricter regulations could also impose additional compliance costs, affecting electric vehicle related stocks in India and EV related stocks.
Supply Chain Volatility
Fluctuations in the availability or price of raw materials can affect production costs and timelines, posing risks for EV supply chain stocks. Geopolitical tensions and environmental regulations can also disrupt supply chains, affecting companies with exposure to EV.
Market Valuation Concerns
The hype surrounding the EV market can lead to inflated valuations that do not necessarily reflect the underlying economic fundamentals of companies. Such overvaluation can result in volatility and sharp price corrections if investor sentiment shifts or if companies fail to meet the expectations of EV market growth India.
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Frequently Asked Questions on EV Stocks
What are EV Stocks?
EV (Electric Vehicle) stocks represent shares of companies involved in the electric mobility ecosystem. This includes manufacturers of electric vehicles (2W, 3W, 4W), battery producers, component suppliers, charging infrastructure providers, and software firms supporting EV technologies. These stocks are integral to India's transition towards sustainable transportation.How to invest in EV Stocks?
Here’s how you can invest in EV Stocks -
- Go to the Tickertape Stock Screener
- Click on 'EV Stocks'.
- Analyse and sort the EV Stocks using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
- Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
- Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred EV Stocks.
Disclaimer: Please do your own research or consult your financial advisor before investing.
What are some of the top EV stocks companies listed on NSE?
Top NSE-listed EV Stocks in India include:- Bharat Electronics Ltd
- Bharat Forge Ltd
- Amara Raja Energy & Mobility Ltd
- Endurance Technologies Ltd
- Exide Industries Ltd
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
What are the factors affecting EV stocks prices?
EV stock prices in India are influenced by several factors:- Government Policies: Incentives, subsidies (like FAME), and regulations significantly impact EV adoption and, consequently, stock performance.
- Infrastructure Development: The expansion of charging stations and related infrastructure boosts investor confidence.
- Technological Advancements: Innovations in battery technology and vehicle performance can drive stock valuations.
- Market Competition: The entry of new players and competitive pricing strategies affect market dynamics.
- Global Trends: International developments in the EV sector can influence investor sentiment in India.
What is the future projection of EV stocks?
The EV sector in India is poised for significant growth as the government aims to increase EV market share from 2.5% in 2024 to 30% by 2030. In April 2025, EV sales surged by 58% YoY, with companies like Mahindra reporting a 348% increase in EV sales. However, challenges like reduced subsidies have impacted certain segments, notably electric two-wheelers. Overall, the sector's outlook remains positive, driven by policy support and increasing consumer adoption.
Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.
How to choose EV stocks for investing?
When evaluating EV stocks in India, consider companies involved in vehicle manufacturing, battery technology, or charging infrastructure. Key aspects include alignment with government schemes like FAME-II, expansion plans, partnerships with global players, and trends in EV adoption across segments like two-wheelers, passenger cars, and logistics.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Do EV stocks offer regular dividends?
While some established companies in the EV sector, like Tata Motors and Mahindra & Mahindra, have a history of dividend payments, many EV-focused firms reinvest profits to fuel growth and expansion. For instance, Olectra Greentech reported a 39% increase in quarterly profit but has not declared dividends, focusing instead on scaling operations. Investors seeking regular income should review individual company dividend policies.
Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.
Is EV stocks a good investment for the long term?
EV stocks benefit from India’s push for sustainable mobility, government incentives, and growing consumer adoption. However, they face risks like high battery costs, evolving technology, and infrastructure gaps.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
