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EV Stocks: Top EV Shares in India (2026)

The electric vehicle market in India is expanding significantly, supported by rising adoption, policy support and growing investment across the EV ecosystem. The market is expected to grow from $2.36 bn in 2024 to $164.42 bn by 2033, at a CAGR of 57.23%. The EV battery market is also projected to rise from $2.22 bn to $13.89 bn during the same period. As the industry scales, investors can explore EV stocks across automakers, batteries, auto components and related segments.
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Top EV Stocks (2026) - Latest Price, Returns And Insights

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NameStocks (24)↓↓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.Samvardhana Motherson International LtdMOTHERSONAuto PartsAuto Parts1,78,377.991,78,377.99164.20164.2046.2246.220.610.61-2.40-2.4035.2735.2763.1163.114.094.099.569.5612.0312.030.360.360.440.442.362.36
2.Bosch LtdBOSCHLTDAuto PartsAuto Parts1,42,171.201,42,171.2048,200.0048,200.0051.2751.27-1.18-1.189.709.7051.9851.9818.5618.569.589.5819.3519.3524.2824.280.560.560.010.012.022.02
3.Tata Motors Passenger Vehicles LtdTMPVFour WheelersFour Wheelers1,17,079.121,17,079.12302.00302.001.421.420.500.50-12.85-12.85-9.94-9.94-29.32-29.320.990.9968.2068.2039.6639.660.940.940.670.672.152.15
4.Hero MotoCorp LtdHEROMOTOCOTwo WheelersTwo Wheelers1,14,780.981,14,780.985,238.005,238.0019.9919.99-0.80-0.80-10.71-10.71-6.04-6.04-1.21-1.215.265.2627.8627.8631.9131.913.223.220.040.041.851.85
5.Bharat Forge LimitedBHARATFORGIron & SteelIron & Steel98,629.6898,629.681,944.301,944.3091.3591.35-0.54-0.54-8.04-8.048.198.1960.4360.4310.3210.3211.5011.5015.7315.730.410.410.760.762.132.13
6.UNO Minda LtdUNOMINDAAuto PartsAuto Parts73,049.6073,049.601,202.101,202.1061.0261.02-1.85-1.85-6.77-6.7711.1311.13-6.25-6.2510.0610.0617.9017.9020.7420.740.210.210.380.382.242.24
7.Sona BLW Precision Forgings LtdSONACOMSAuto PartsAuto Parts51,009.3051,009.30790.00790.0079.6879.68-1.68-1.68-2.53-2.5353.0053.0079.5779.578.328.3210.8710.8713.2613.260.410.410.070.072.192.19
8.Endurance Technologies LtdENDURANCEAuto PartsAuto Parts42,613.8142,613.812,699.002,699.0044.7844.78-0.62-0.62-9.51-9.518.608.60-7.75-7.756.236.2315.1615.1616.3416.340.380.380.190.192.182.18
9.Exide Industries LtdEXIDEINDBatteriesBatteries39,066.0039,066.00412.85412.8545.7345.73-1.90-1.90-15.03-15.0332.5432.54-2.33-2.332.802.806.136.138.938.930.440.440.110.112.082.08
10.Himadri Speciality Chemical LtdHSCLCommodity ChemicalsCommodity Chemicals33,019.3333,019.33664.25664.2543.9543.950.080.08-13.87-13.8748.6048.6039.8639.866.936.9317.6117.6121.0121.010.120.120.160.162.472.47
11.Gabriel India LtdGABRIELAuto PartsAuto Parts25,177.3025,177.301,345.001,345.0099.8099.800.470.47-9.22-9.2252.1352.138.168.1618.0918.0919.5919.5922.8122.810.290.290.110.113.413.41
12.HBL Engineering LtdHBLENGINEBatteriesBatteries19,474.3319,474.33717.55717.5523.9023.90-0.46-0.462.212.217.007.00-15.91-15.918.808.8044.1044.1046.5946.59--0.030.033.093.09
13.Minda Corporation LtdMINDACORPAuto PartsAuto Parts17,130.7417,130.74707.00707.0047.5547.550.550.55-4.18-4.1843.0543.0539.4539.456.446.4414.8314.8315.1715.170.200.200.550.552.252.25
14.Amara Raja Energy & Mobility LtdARE&MBatteriesBatteries16,833.7616,833.76815.95815.9518.7918.79-0.40-0.40-10.26-10.263.163.16-22.42-22.422.082.0811.5711.5714.4614.461.151.150.050.052.232.23
15.JBM Auto LtdJBMAAuto PartsAuto Parts15,938.5315,938.53618.00618.0072.8572.852.282.28-3.68-3.6820.7420.74-1.25-1.2510.0110.0114.6914.6922.4922.490.130.131.901.902.962.96
16.Graphite India LtdGRAPHITEElectrical Components & EquipmentsElectrical Components & Equipments13,886.3213,886.32828.00828.0079.2079.200.390.3913.1113.1127.5927.5958.5858.582.372.372.992.994.464.460.980.980.060.063.033.03
17.HEG Advanced Materials LtdHEGElectrical Components & EquipmentsElectrical Components & Equipments13,715.8813,715.88237.20237.2040.1840.18-4.99-4.99-2.96-2.9626.1126.1129.6529.652.882.887.417.419.169.160.480.480.170.172.922.92
18.Ramkrishna Forgings LtdRKFORGERailRail13,400.1813,400.18714.95714.95186.63186.63-1.66-1.66-4.72-4.7228.8428.8422.6022.604.074.072.272.275.905.900.140.140.740.742.492.49
19.Olectra Greentech LtdOLECTRAElectrical Components & EquipmentsElectrical Components & Equipments10,821.5210,821.521,208.501,208.5060.9760.970.150.15-12.73-12.7334.2034.20-24.67-24.678.788.7815.5315.5320.9720.970.050.050.310.313.053.05
20.Fiem Industries LtdFIEMINDAuto PartsAuto Parts5,787.175,787.172,002.602,002.6022.6422.640.800.80-21.17-21.17-5.14-5.14-7.44-7.444.764.7622.6922.6926.4426.441.821.820.050.052.482.48
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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. Sorted based on market capitalisation.

Union Budget 2026-27 Updates Affecting the EV Sector in India

The Union Budget 2026–27 continued to support India’s transition to electric mobility primarily through customs duty relief for EV supply chains, extended support for battery and related manufacturing, and broader ecosystem measures that make components and infrastructure more cost-competitive.

  1. Customs duty exemptions were extended to EV battery value-chain equipment: The Budget proposed continuing and expanding basic customs duty (BCD) exemptions on capital goods used for manufacturing lithium-ion batteries, including those used in battery energy storage systems, which underpin EVs and supporting infrastructure.
  2. Concessional duty benefits for lithium-ion cells and parts were prolonged: Concessional duty treatment for lithium-ion cells and their components used in EV and hybrid vehicle battery manufacturing was extended for another period (industry bodies noted extension till March 2028), supporting stable cost structures for EV supply chains.
  3. Broad customs duty reforms supported components and rare earth inputs: Beyond batteries, BCD proposals aimed to simplify and support critical inputs used in EV supply chains as part of energy transition duties, helping reduce input costs for EV component makers.

Overview of Best EV Stocks in India

Samvardhana Motherson International Ltd

Established in 1986, Samvardhana Motherson International is a global automotive components manufacturer. It supplies wiring harnesses, mirrors, modules, polymer products and other systems to major vehicle manufacturers across multiple countries.

Tata Motors Passenger Vehicles Ltd

Established in 2020 as a subsidiary of Tata Motors, Tata Motors Passenger Vehicles focuses on passenger cars and SUVs in India. Its portfolio includes internal combustion, CNG and electric vehicles across multiple price segments.

Bosch Ltd

Established in India in 1951, Bosch Ltd is a leading automotive technology and engineering company. It provides mobility solutions, fuel systems, powertrain technologies, electronics, aftermarket products and industrial solutions.

Bharat Forge Ltd

Established in 1961, Bharat Forge is a major engineering and manufacturing company. It produces forged and machined components for automotive, industrial, defence, aerospace, railways and energy applications.

Hero MotoCorp Ltd

Established in 1984, Hero MotoCorp is one of India’s largest two-wheeler manufacturers. It produces motorcycles and scooters across commuter, premium and electric mobility segments and has a presence in several international markets.

What are EV Stocks

EV stocks are shares of companies involved in the electric vehicle industry. These include vehicle manufacturers producing electric cars, two-wheelers, buses, and commercial vehicles, as well as businesses supplying batteries, charging infrastructure, critical minerals, and related components. They also cover firms offering energy services, fleet operations, or technology solutions that support EV adoption.

Growth of Electric Vehicles in India




  1. The Indian government is supporting EV adoption through initiatives such as FAME and PM E-DRIVE. In FY2025-26, ₹2,000 cr. was allocated to expand public EV charging infrastructure.
  2. EV sales in India grew 16.9% in FY25 to 1.97 mn units. Electric two-wheelers accounted for a large share of sales, while electric passenger vehicle sales crossed 100,000 units for the first time.
  3. India's public charging network also expanded from 5,151 stations in 2022 to 29,277 by July 2025. Karnataka had the highest number of charging stations at 6,097, followed by states such as Maharashtra and Delhi.
  4. Consumer interest in cleaner mobility is also increasing. A recent survey found that 83% of consumers plan to buy only new energy vehicles by the end of the decade, indicating stronger demand for electric and alternative-fuel vehicles.

How to Invest in EV Stocks?

Investing in EV stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in EV stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
    2. 

  2. Search for EV Stocks: Go to Tickertape Stock Screener and search for EV sector stocks.
    3. 

  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the EV sector stocks list.
    4. 

  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in-depth.
    5. 

  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
    6. 

  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.
    7. 


You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in EV Sector Stocks

Strong Growth Potential

India’s EV market is expected to grow at a CAGR of 57.23% from 2024 to 2033. EV sales also rose 16.9% in FY25, which shows the significant growth across the electric mobility ecosystem.

Government Support

Schemes such as FAME and PM E-DRIVE support EV adoption, charging infrastructure and domestic manufacturing. Such incentives can help improve demand and encourage investment across the EV value chain.

Exposure to a Growing Industry

EV stocks provide exposure to areas such as electric vehicles, batteries, auto components, charging infrastructure and related technologies as India gradually shifts towards cleaner mobility.

Rising Consumer Adoption

EV adoption in India is increasing steadily, with EV registrations rising to around 25 lakh units in FY2025-26, up 24% year-on-year. EVs accounted for about 8.5% of total vehicle registrations, compared with 7.7% in the previous financial year, showing growing acceptance among consumers.

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Risks Associated With Investing in EV Stocks

Technology Risk

EV technology is evolving quickly. Companies that fail to keep up with developments in batteries, charging systems or vehicle technology may lose market share to more advanced competitors.

High Competition

The EV market includes established automakers, new-age EV companies and global players. Strong competition can put pressure on pricing, profit margins and market share.

Policy and Regulatory Risk

EV demand can be influenced by subsidies, tax benefits and government policies. Changes or reductions in these incentives may affect vehicle demand and company profitability.

Supply Chain Risk

EV manufacturers depend on materials such as lithium, nickel and other battery components. Price increases, shortages or geopolitical disruptions can raise production costs and delay manufacturing.

Valuation Risk

Strong investor interest can sometimes push EV stock valuations higher than their underlying business performance supports. If growth falls below expectations, these stocks may experience sharp price corrections.

Factors to Consider When Investing in EV Stocks

Government Schemes and Policy Coverage

EV incentives have shifted from FAME II to EMPS and PM E-DRIVE, which fund charging networks and e-bus procurement. Concessional duties for premium EV imports are linked to investment and localisation milestones.

Battery Prices and Chemistry Choices

Global Li-ion pack prices averaged $115/kWh in 2024, down 20% year-on-year, with lower-cost LFP chemistries gaining ground. Local cell production timelines affect vehicle affordability and margins.

Public Charging Infrastructure

Charging points grew from 12,146 in February 2024 to 26,367 by April 2025, with plans for about 72,000 more. Its profitability depends on station utilisation, tariffs, and strategic placement.

Segment Penetration Levels

EVs accounted for 7.8% of total vehicle sales in FY25, led by two-wheelers (6.2% of segment sales) and L5 passenger three-wheelers (22.8%). Passenger vehicle EV share crossed 4.1% in May 2025.

Domestic Manufacturing and Mineral Supply

Giga-scale cell plants under the ₹18,100 cr ACC PLI, critical mineral sourcing via KABIL, and the National Critical Mineral Mission aim to strengthen supply security and lower costs over time.

Market Cycles and Competition

E-bus demand remains tender-driven, with 10,900 buses tendered under PM E-DRIVE and 2,100 units registered in H1 2025. Two-wheeler markets continue to experience share shifts and price competition.

Conclusion

The electric vehicle (EV) sector in India is rapidly expanding, bringing lots of opportunities for people looking to invest. However, the dynamic nature of this sector, characterised by swift technological evolutions and regulatory changes, underscores the importance of conducting thorough research before making any investment decisions. By being careful and making informed choices, you can make the most out of the growing EV market in India and help support a cleaner environment. Investors can use the Tickertape Stock Screener to compare EV-related stocks across factors such as market capitalisation, valuation, profitability, returns and financial performance before making an informed investment decision.

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Frequently Asked Questions on EV Stocks

  1. What are EV Stocks?

    EV stocks are shares of companies involved in the electric mobility ecosystem. These may include electric two-wheeler, three-wheeler and passenger vehicle manufacturers, battery makers, auto-component suppliers, charging infrastructure providers and companies developing EV-related technology.

  2. How to Invest in EV Stocks in India?

    Here’s how you can explore and invest in electric vehicle stocks:

    1. Go to the Tickertape Stock Screener.
    2. Open the EV Stocks collection.
    3. Analyse EV stocks using 200+ filters covering valuation, financials, profitability, returns, technical indicators and more.
    4. Compare the shortlisted companies based on your investment goals, risk appetite and research.
    5. Once you have selected a stock, click ‘Place Order’ to proceed with the investment.

    Disclaimer: Please do your own research or consult a financial advisor before investing.

  3. What are some of the top EV stocks in India?

    As of 22 July 2026, some of the top EV stocks in India by market capitalisation include:
    1. Samvardhana Motherson International Ltd
    2. Tata Motors Passenger Vehicles Ltd
    3. Bosch Ltd
    4. Bharat Forge Ltd
    5. Hero MotoCorp Ltd

    Disclaimer: The above EV stocks list is based on market capitalisation and is provided for educational purposes only. It should not be considered investment advice.

  4. What Factors Affect EV Share Prices?

    Several factors can influence EV stock prices in India:
    1. Government Policies: Subsidies, tax incentives, EV schemes and emission regulations can affect demand and company growth.
    2. Charging Infrastructure: Expansion of public and private charging networks can support wider EV adoption.
    3. Technology: Improvements in battery range, charging speed, safety and manufacturing costs can affect a company’s competitiveness.
    4. Competition: New product launches, pricing and the entry of domestic or global players can influence market share and profitability.
    5. Raw Material Costs: Changes in lithium, nickel and other battery-material prices can affect production costs and margins.

  5. What is the Future Outlook for EV Stocks in India?

    India’s EV market is expected to expand as adoption increases across two-wheelers, passenger vehicles and commercial vehicles. Government support, charging infrastructure and investment in battery manufacturing may support long-term growth. However, EV stocks can remain sensitive to subsidy changes, competition, technology shifts and the pace of consumer adoption.

    Disclaimer: This information is for educational purposes only and is based on industry trends and available research. Future performance may differ from current projections.

  6. How to Choose EV Stocks for Investing?

    When evaluating EV stocks, investors can look at a company’s role in the EV ecosystem, revenue exposure to electric mobility, market share, profitability, debt levels, expansion plans and investment in technology. It is also useful to assess competition, government policy exposure and the company’s ability to scale its EV business sustainably.

    Disclaimer: This is not an investment recommendation. Please conduct your own research or consult a financial advisor before investing.

  7. 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. Investors seeking regular income should review individual company dividend policies.

    


    Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.

  8. Are EV stocks in India a good investment for the long term?

    EV stocks benefit from India’s push for sustainable mobility, government incentives, and growing consumer adoption. However, the performance of EV stocks over the long term depends on various factors such as market demand, technological advancements, government support, and competition within the sector.

    


    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  9. What are the benefits of investing in EV stocks?

    EV stocks provide exposure to India’s growing electric mobility ecosystem, including vehicle manufacturers, battery makers, auto-component suppliers and charging infrastructure companies. The sector may benefit from rising EV adoption, policy support, localisation of manufacturing and investment in battery and charging capacity.

    


    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  10. What are the risks of investing in EV stocks?

    EV stocks can be affected by high capital requirements, changing government incentives, battery costs, technological shifts, supply-chain disruptions and intense competition. Companies may also face pressure if EV adoption grows slower than expected or new technologies make existing products less competitive.

  11. Which are the top 10 EV companies in India?

    As of 22nd July 2026, the top 10 EV companies based on market capitalisation are:
    1. Samvardhana Motherson International Ltd
    2. Tata Motors Passenger Vehicles Ltd
    3. Bosch Ltd
    4. Bharat Forge Ltd
    5. Hero MotoCorp Ltd
    6. UNO Minda Ltd
    7. Sona BLW Precision Forgings Ltd
    8. Himadri Speciality Chemical Ltd
    9. Endurance Technologies Ltd
    10. Exide Industries Ltd

    Disclaimer: The above EV stocks list is for educational purposes only and should not be considered investment advice.

  12. How does the Union Budget influence EV stocks?

    The Union Budget can influence EV stocks through incentives for EV adoption, battery manufacturing, charging infrastructure, localisation and customs duties on key components. Measures supporting domestic manufacturing and supply chains can affect costs, investment and demand across the EV ecosystem. For example, government programmes such as PM E-DRIVE and production-linked incentive schemes have supported EV adoption and domestic manufacturing.

  13. What are EV penny stocks in India?

    EV penny stocks in India are low-priced shares of companies with exposure to electric vehicles, batteries, auto components or charging infrastructure. To find EV penny stocks in India below 1 rupee, investors can use the Tickertape Stock Screener and apply the Close Price filter below ₹1.

    


    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.