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EV Stocks: Top EV Shares in India (2026)

As of 2026, India's electric vehicle market is projected to grow from $3.71 bn in 2025 to $191.04 bn by 2034, at a CAGR of 54.94%, while the EV battery market could reach $15.90 bn by 2034. EV retail sales rose 52.9% YoY to 2.98 lakh units in August 2026, reflecting growing adoption across vehicle categories. This expansion creates opportunities across automakers, battery manufacturers, auto-component suppliers and charging infrastructure businesses.
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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 LimitedMOTHERSONAuto PartsAuto Parts1,70,090.261,70,090.26153.50153.5044.0744.071.211.21-6.82-6.8219.9919.9943.5543.553.903.909.569.5612.0312.030.370.370.440.442.292.29
2.Bosch LtdBOSCHLTDAuto PartsAuto Parts1,34,384.231,34,384.2344,750.0044,750.0048.4648.461.511.51-6.48-6.4820.2120.2114.7314.739.059.0519.3519.3524.2824.280.590.590.010.012.002.00
3.Tata Motors Passenger Vehicles LtdTMPVFour WheelersFour Wheelers1,05,646.631,05,646.63262.90262.901.281.28-0.64-0.64-9.21-9.21-25.81-25.81-35.89-35.890.890.8968.2068.2039.6639.661.051.050.670.672.062.06
4.Hero MotoCorp LtdHEROMOTOCOTwo WheelersTwo Wheelers1,04,573.781,04,573.785,180.005,180.0018.2118.212.642.64-3.00-3.002.722.72-8.26-8.264.794.7927.8627.8631.9131.913.543.540.040.041.811.81
5.Bharat Forge LimitedBHARATFORGIron & SteelIron & Steel89,671.0689,671.061,713.501,713.5083.0683.060.130.13-12.61-12.61-9.87-9.8731.6731.679.389.3811.5011.5015.7315.730.450.450.760.762.032.03
6.UNO Minda LtdUNOMINDAAuto PartsAuto Parts63,983.3763,983.371,065.601,065.6053.4553.450.810.81-11.74-11.74-5.77-5.77-11.21-11.218.818.8117.9017.9020.7420.740.240.240.380.382.172.17
7.Sona BLW Precision Forgings LtdSONACOMSAuto PartsAuto Parts49,933.6249,933.62780.50780.5078.0078.003.673.67-5.17-5.1732.5932.5961.3161.318.148.1410.8710.8713.2613.260.420.420.070.072.092.09
8.Endurance Technologies LtdENDURANCEAuto PartsAuto Parts33,849.1133,849.112,217.002,217.0035.5735.57-0.91-0.91-15.24-15.24-6.38-6.38-24.13-24.134.954.9515.1615.1616.3416.340.480.480.190.192.052.05
9.Himadri Speciality Chemical LtdHSCLCommodity ChemicalsCommodity Chemicals33,337.2233,337.22521.80521.8044.3744.376.066.06-22.53-22.53-8.56-8.5610.0610.067.007.0017.6117.6121.0121.010.120.120.160.162.572.57
10.Exide Industries LtdEXIDEINDBatteriesBatteries31,530.7531,530.75336.05336.0536.9136.911.241.24-19.88-19.88-4.63-4.63-11.55-11.552.262.266.136.138.938.930.540.540.110.112.022.02
11.Gabriel India LtdGABRIELAuto PartsAuto Parts27,765.8827,765.881,399.001,399.00110.06110.062.062.061.231.2338.0438.0412.6912.6919.9519.9519.5919.5922.8122.810.260.260.110.113.323.32
12.HBL Engineering LtdHBLENGINEBatteriesBatteries23,094.5023,094.50761.00761.0028.3428.34-1.15-1.15-6.52-6.52-6.00-6.00-23.32-23.3210.4310.4344.1044.1046.5946.590.360.360.030.033.133.13
13.Minda Corporation LtdMINDACORPAuto PartsAuto Parts15,294.9315,294.93593.70593.7042.4542.45-1.16-1.16-11.38-11.3812.7012.705.495.495.755.7514.8314.8315.1715.170.220.220.550.552.112.11
14.Graphite India LtdGRAPHITEElectrical Components & EquipmentsElectrical Components & Equipments15,048.8115,048.81734.60734.6085.8385.836.616.61-9.17-9.17-0.16-0.1630.5830.582.572.572.992.994.464.460.910.910.060.063.013.01
15.Amara Raja Energy & Mobility LtdARE&MBatteriesBatteries13,598.7813,598.78695.55695.5515.1815.181.221.22-12.40-12.40-20.79-20.79-30.58-30.581.681.6811.5711.5714.4614.461.431.430.050.052.152.15
16.Ramkrishna Forgings LtdRKFORGERailRail12,806.3112,806.31605.00605.00178.36178.362.352.35-13.81-13.817.427.4213.3713.373.893.892.272.275.905.900.140.140.740.742.442.44
17.JBM Auto LtdJBMAAuto PartsAuto Parts12,749.4112,749.41479.00479.0058.2858.28-1.67-1.67-16.65-16.65-23.82-23.82-26.78-26.788.018.0114.6914.6922.4922.490.160.161.901.902.832.83
18.Olectra Greentech LtdOLECTRAElectrical Components & EquipmentsElectrical Components & Equipments8,752.278,752.27960.10960.1049.3149.310.460.46-19.10-19.10-22.41-22.41-32.76-32.767.107.1015.5315.5320.9720.970.060.060.310.312.972.97
19.HEG Advanced Materials LtdHEGAMElectrical Components & EquipmentsElectrical Components & Equipments7,411.247,411.24204.90204.9021.7121.713.083.08-15.91-15.91-13.92-13.929.069.061.561.567.417.419.169.160.890.890.170.172.972.97
20.Lumax Industries LtdLUMAXINDAuto PartsAuto Parts5,175.845,175.844,945.504,945.5030.0130.01-6.76-6.76-14.10-14.10-2.09-2.09-0.07-0.075.645.6420.3920.3921.8021.800.990.991.061.063.223.22
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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

  1. Customs duty relief for cell manufacturing: The Budget extended basic customs duty exemptions on capital goods required to manufacture lithium-ion cells for electric vehicles and battery energy storage systems (BESS). This lowers capital costs for setting up and expanding battery plants in India.
  2. Expansion of duty-exempt machinery list: The government added 35 capital goods for EV battery manufacturing and 28 capital goods for mobile phone battery manufacturing to the duty-exempt list. This aims to reduce upfront investment costs across multiple battery manufacturing segments.
  3. Duty-free recycling of battery scrap: Customs duty was removed on lithium-ion battery waste and scrap to support recycling and promote a circular economy. This step improves access to secondary raw materials and reduces dependence on imported inputs.
  4. Support for critical mineral processing: Capital goods used for processing critical minerals such as lithium, cobalt, and rare earth elements received customs duty exemptions. This targets supply chain risks in battery and EV motor manufacturing.
  5. Rare Earth Corridors announced: The Budget proposed dedicated Rare Earth Corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu to support permanent magnet manufacturing for EV motors and clean energy applications.
  6. Stronger focus on BESS for grid stability: Continued duty exemptions and policy support for Battery Energy Storage Systems were aligned with renewable energy expansion, aiming to improve grid stability and make storage solutions more cost-competitive.

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.


About EV Sector in India

As of September 2026, India’s electric vehicle (EV) sector continues to expand, supported by rising adoption and charging infrastructure development. According to FADA, EV retail sales reached 2.98 lakh units in August 2026, up 52.9% YoY, with EV penetration increasing from 9.5% to 12.3%.

India had 52,718 public EV charging stations as of July 2026, including 16,561 stations equipped with fast chargers for cars. The government has allocated ₹2,000 cr under the PM E-DRIVE scheme to expand public charging infrastructure nationwide. By June 2026, the scheme had supported sales of approximately 26.59 lakh EVs, reflecting growing adoption across electric two-wheelers, three-wheelers and other eligible vehicle categories.

How to Invest in Electric Vehicle Stocks?

Investing in electric vehicle 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 electric vehicle 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

Rising EV Adoption

India's EV retail sales reached 2.98 lakh units in August 2026, up 52.9% YoY. Growing adoption can expand revenue opportunities for electric vehicle manufacturers, battery suppliers and component companies serving domestic demand.

Government Support

The ₹10,900 cr PM E-DRIVE scheme supports electric mobility through vehicle incentives and infrastructure development. Government assistance can reduce adoption barriers and support demand for eligible EVs, batteries and charging equipment.

Charging Network Expansion

India had 52,718 public EV charging stations by July 2026, including 16,561 equipped with fast chargers for cars. Expanding infrastructure supports vehicle adoption and creates business opportunities for charging operators and equipment manufacturers.

Electric Two-Wheeler Demand

Electric two-wheeler retail sales rose 67.05% YoY to 1.83 lakh units in August 2026. Growing demand creates opportunities for manufacturers and suppliers of battery packs, motors, controllers and other components.

Commercial Fleet Electrification

Electric commercial vehicle sales nearly tripled to 4,702 units in August 2026. Fleet electrification expands opportunities for manufacturers supplying electric delivery vehicles, battery systems and charging solutions designed for high-utilisation commercial operations.

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Risks Associated With Investing in EV Stocks

Battery Import Dependence

India still depends heavily on imported lithium and other battery materials. Global supply disruptions, export restrictions or higher raw-material prices can increase battery production costs and pressure EV manufacturers' margins.

Charging Infrastructure Gaps

Despite India's expanding charging network, infrastructure remains uneven across regions. Limited highway coverage, unreliable chargers and inadequate grid connections can discourage buyers, particularly those considering electric cars for longer journeys.

Price Competition

Electric scooters increasingly compete with petrol models priced below ₹1 lakh. Aggressive pricing by manufacturers can support adoption but compress margins, particularly for companies facing high battery costs and substantial product-development expenditure.

Policy Dependence

EV adoption benefits from government incentives and charging infrastructure subsidies. Changes in eligibility criteria, subsidy amounts or scheme timelines can affect vehicle affordability, customer demand and expansion plans for manufacturers.

Uneven Segment Growth

EV penetration varies significantly across categories. In August 2026, electric three-wheelers reached 65.3% penetration, while electric passenger vehicles reached 7.6%, exposing manufacturers to different adoption rates and competitive pressures.

Factors to Consider When Investing in EV Stocks

EV Revenue Contribution

The proportion of revenue generated from electric vehicles indicates a company's exposure to India's EV industry. Manufacturers with larger conventional vehicle businesses may experience different growth and profitability trends than EV-focused companies.

Battery Localisation

India's dependence on imported battery cells and critical minerals affects EV production economics. Domestic sourcing, battery technology and localisation levels influence manufacturing costs, currency exposure and supply-chain reliability for individual companies.

Market Share

India's EV retail sales increased 52.9% YoY in August 2026, although individual manufacturers recorded different growth rates. Changes in market share reflect competition, product demand, pricing and distribution strength across vehicle categories.

Profitability and Scale

Vehicle-level margins, production volumes and capacity utilisation influence EV manufacturers' profitability. Higher sales may not translate into stronger earnings when battery costs, customer discounts, factory overheads and research expenditure remain elevated.

After-Sales Performance

Battery warranties, service-network coverage and replacement costs influence customer confidence and operating expenses. Product reliability and warranty claims can affect profitability, particularly for manufacturers expanding their electric two-wheeler and passenger vehicle businesses.

Product Mix

EV adoption differs across vehicle categories. In August 2026, electric three-wheelers reached 65.3% penetration, compared with 7.6% for passenger vehicles, creating different demand conditions, pricing structures and revenue opportunities for manufacturers.

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 EV companies in India 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 an EV stocks list and invest in electric vehicle companies:

    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 21st September 2026, some of the best EV stocks in India, based on 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 the EV share price of listed companies 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?

    The outlook for EV sector stocks in India is linked to expanding adoption across two-wheelers, passenger vehicles and commercial vehicles. Government support, charging infrastructure and investment in battery manufacturing may support long-term growth. However, stock performance remains 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 companies in India, relevant factors include their role in the EV ecosystem, revenue exposure to electric mobility, market share, profitability, debt levels, expansion plans and investment in technology. Competition, government policy exposure and the ability to scale EV operations also influence company performance.

    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?

    Dividend policies vary across EV sector stocks in India. Some established automobile companies, such as Tata Motors and Mahindra & Mahindra, have a history of dividend payments, while many EV-focused firms reinvest profits into growth and expansion. Dividend history and payout policies vary by company.

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

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

    The long-term performance of the best EV stocks in India depends on electric mobility adoption, government incentives, technological advancements and competition. Although India's transition towards sustainable transportation creates growth opportunities, individual company returns depend on financial performance, execution and changing market conditions.

    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?

    An EV stocks list provides exposure to India's electric mobility ecosystem, including vehicle manufacturers, battery makers, auto-component suppliers and charging infrastructure companies. These businesses may benefit from rising EV adoption, policy support, manufacturing localisation, 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?

    The EV share price of individual companies can be affected by high capital requirements, changing government incentives, battery costs, technological shifts, supply-chain disruptions and intense competition. Companies may also face profitability pressure if EV adoption grows slower than expected or new technologies reduce the competitiveness of existing products.

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

    As of 21st September 2026, the following EV companies in India are among the larger listed EV-related businesses by market capitalisation:
    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 sector stocks in India through incentives for vehicle adoption, battery manufacturing, charging infrastructure, localisation and customs duties on key components. Measures supporting domestic manufacturing can affect production costs, investment and demand. 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 are low-priced shares of companies exposed to electric vehicles, batteries, auto components, or charging infrastructure. To identify such companies in an EV stocks list, 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.