Best EV Stocks in India 2025: Top EV Shares List
India’s electric vehicle (EV) industry aims to have 30% vehicle electrification by 2030 under the EV30@30 initiative. The industry achieved a record turnover of ₹5.6 lakh cr. (~$68 bn) in FY24, reflecting the growing demand in this sector. Investors looking for EV stocks for long-term growth can track companies benefiting from this expansion.
Best EV Stocks in India
Friday, 29 August, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BAJA | Bajaj Auto Ltd | BAJAJ-AUTO | /stocks/bajaj-auto-BAJA | Two Wheelers | 8,689.50 | 12,774.00 | 7,089.35 | 242,726.27 | 33.14 | 40.10 | 6.90 | 2.42 | 22.84 | -18.46 | 115.62 | 188.29 | Largecap | Automobiles & Components | Automobiles | Motorcycle Manufacturers | -0.70 |
| BOSH | Bosch Ltd | BOSCHLTD | /stocks/bosch-BOSH | Auto Parts | 39,225.00 | 41,290.00 | 25,921.60 | 116,563.96 | 57.84 | 40.10 | 8.44 | 1.30 | 15.58 | 22.81 | 129.93 | 180.03 | Largecap | Automobiles & Components | Auto Components | Automotive Parts & Equipment | 1.81 |
| HROM | Hero MotoCorp Ltd | HEROMOTOCO | /stocks/hero-motocorp-HROM | Two Wheelers | 5,091.70 | 6,246.25 | 3,344.00 | 101,532.56 | 23.19 | 40.10 | 5.23 | 3.25 | 23.52 | -4.14 | 80.11 | 66.43 | Largecap | Automobiles & Components | Automobiles | Motorcycle Manufacturers | -0.03 |
| HYU | Hyundai Motor India Ltd | HYUNDAI | /stocks/hyundai-motor-india-HYU | Four Wheelers | 2,441.40 | 2,624.50 | 1,541.70 | 202,577.86 | 35.92 | 40.10 | 12.43 | 0.84 | 41.84 | 34.17 | 34.17 | 34.17 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | 0.74 |
| MAHM | Mahindra and Mahindra Ltd | M&M | /stocks/mahindra-and-mahindra-MAHM | Four Wheelers | 3,295.30 | 3,432.00 | 2,425.00 | 399,598.32 | 30.91 | 40.10 | 4.29 | 0.71 | 14.97 | 17.77 | 158.09 | 421.90 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | -2.78 |
| MOSS | Samvardhana Motherson International Ltd | MOTHERSON | /stocks/motherson-sumi-systems-MOSS | Auto Parts | 92.11 | 144.66 | 71.50 | 98,143.22 | 25.81 | 40.10 | 2.64 | 0.61 | 11.64 | -29.85 | 71.10 | 77.70 | Midcap | Automobiles & Components | Auto Components | Automotive Parts & Equipment | 0.94 |
| MRTI | Maruti Suzuki India Ltd | MARUTI | /stocks/maruti-suzuki-india-MRTI | Four Wheelers | 14,752.00 | 14,895.00 | 10,725.00 | 462,749.27 | 31.91 | 40.10 | 4.81 | 0.92 | 15.95 | 19.38 | 66.99 | 107.65 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | 0.33 |
| SCHE | Schaeffler India Ltd | SCHAEFFLER | /stocks/schaeffler-india-SCHE | Auto Parts | 3,876.10 | 4,374.90 | 2,823.00 | 61,633.20 | 65.65 | 40.10 | 11.55 | 0.71 | 18.52 | -0.48 | 30.20 | 389.99 | Midcap | Capital Goods | Auto Components | Industrial Machinery & Supplies & Components | -0.14 |
| TAMO | Tata Motors Ltd | TATAMOTORS | /stocks/tata-motors-TAMO | Four Wheelers | 675.45 | 1,142.00 | 535.75 | 251,038.28 | 9.02 | 40.10 | 2.05 | 0.88 | 25.79 | -37.14 | 48.99 | 373.00 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | -0.77 |
| TVSM | TVS Motor Company Ltd | TVSMOTOR | /stocks/tvs-motor-company-TVSM | Two Wheelers | 3,256.00 | 3,349.00 | 2,171.40 | 155,306.33 | 69.47 | 40.10 | 16.45 | 0.31 | 26.37 | 18.95 | 239.93 | 623.96 | Largecap | Automobiles & Components | Automobiles | Motorcycle Manufacturers | 0.71 |
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.
Note: The data on this list of EV stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
Readymade Model Portfolios in the EV Sector
Electric Mobility Theme smallcase by Windmill Capital: This smallcase includes companies driving India’s EV growth through manufacturing, infrastructure, and clean energy initiatives.
Disclosures of Electric Mobility Theme smallcase.
What are EV Stocks?
EV stocks in India are shares of companies involved in designing, manufacturing, and distributing electric vehicles, batteries, charging stations, and supporting technologies. The electric vehicle stocks in India cover a wide range of companies, starting from EV manufacturers to companies involved in EV charging infrastructure. Many of these are EV stocks for long-term investment due to their sectoral potential.
Overview of the Top EV Stocks in India 2025
- Maruti Suzuki India Ltd: Maruti Suzuki India Ltd is looking at opportunities in the electric vehicle space, through technology partnerships and product development to support the overall EV ecosystem in India.
- Mahindra and Mahindra Ltd: Mahindra and Mahindra Ltd is expanding its electric vehicle portfolio in India. Electric SUVs, three-wheelers and strategic alliances are the way forward for the company to contribute to the electric vehicle market.
- Tata Motors Ltd: Tata Motors Ltd is one of the top EV stocks in India 2025, as per market capitalisation. It has got recognition for its electric cars, battery technology and efforts to grow the EV charging infrastructure in India.
- Bajaj Auto Ltd: Bajaj Auto Ltd has entered the list of electric two-wheeler stocks in India. Affordable models and expanding its reach in the Indian EV market are the company’s approach.
- Hyundai Motor India Ltd: Hyundai Motor India Ltd is launching new electric vehicle models and investing in local EV production. Hyundai Motors is looking to strengthen its position in the electric vehicle space in India.
How to Invest in EV Stocks in India?
Here is how one can invest in the best EV stocks in 2025:
- Open a trading account or a demat account. You can open a demat account with smallcase.
- Investors can utilise tools like the Tickertape Stocks Screener to explore the best EV stocks in India. Additionally, there are 200+ filters that you can use to create different screeners for comparison of the top electric vehicle stocks in India.
- Place a ‘Buy’ order on the stocks in the EV sector of your choice.
Budget Updates for the EV Sector in India
- Sustained Focus on EV Affordability: The budget aims to make EVs more affordable by providing tax relief on critical minerals used in lithium-ion battery manufacturing.
- PME-DRIVE Scheme: An allocation of ₹4,000 cr. is set for the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PME-DRIVE) scheme for 2025-26.
- PLI Scheme Enhancement: The funding for the Production Linked Incentive (PLI) scheme for Automobiles and Auto Components will increase from ₹346.87 cr. in 2024-25 to ₹2,818.85 cr. in 2025-26. This scheme aims to provide better support to the electric vehicle manufacturers in India.
- Customs Duty Exemptions: The budget exempts basic customs duty on materials like cobalt, lithium-ion battery scrap, lead, and zinc. It also reduces import duties on battery inputs, promoting local supply chains for EV battery manufacturers in India.
About the EV Sector in India
- Market Growth Projections: India’s electric vehicle market is projected to grow from $5.22 bn in 2024 to $23.52 bn by 2030, representing a 28.52% compound annual growth rate.
- Sales Performance: The sector sold over 2 mn EVs in 2024, marking 25.4% year-over-year growth and capturing 7.7% of total automobile sales.
- Market Penetration: Current EV penetration stands at 7.66% versus the global average of 16.48%, with government targets of 30% penetration by 2030.
- Segment Leadership: Two-wheelers dominate with 59.9% of EV sales, while companies like Tata Motors and Mahindra lead passenger vehicle segments.
- Government Support: Growth is supported by the FAME scheme, PM E-DRIVE initiative, and expanding charging infrastructure.
Segments of the EV Sector in India
- Electric Vehicle Producers: The companies in this segment are involved in designing, manufacturing, and selling vehicles. Some examples of electric vehicle stocks in India in this segment include Maruti Suzuki India Ltd, Mahindra and Mahindra Ltd, and Tata Motors Ltd.
- Battery Producers: The listed electric vehicle companies in India produce electricity storage solutions, supplying batteries for electric automotive vehicles.
- Vehicle Components and EV Software: These EV companies specialise in EV software development for battery management, energy efficiency, and connectivity.
Benefits of EV Stocks in India
- Innovation and Technology: Top EV companies in India continue to invest in advanced battery systems, energy-efficient drivetrains, and smart mobility solutions. This would support the EV stocks with high growth.
- Environmental Impact: EVs emit less carbon compared to fuel vehicles, supporting the goal of cleaner cities. Due to this, all the countries, including India, are promoting EV adoption, which is a positive sign for the growth of EV stocks in India.
- Policy Support: Government incentives, subsidies, and policy frameworks have a positive impact on EV sector stocks. In addition, it will help top EV companies in India manage costs and improve infrastructure.
- Diversification: The Electric vehicle share list in India includes companies involved in vehicle manufacturing, battery production, component development, and charging network infrastructure. It provides investors with an exposure to multiple segments and sectors in the Indian stock market.
Risks of Investing in EV Stocks in India
- Policy Dependence: The growth of EV sector stocks depends heavily on supportive government policies and incentives. Changes or delays in policies such as FAME or state-level subsidies can impact the demand for top EV companies in India.
- Supply Chain Constraints: Many electric vehicle manufacturers in India rely on critical minerals such as lithium, cobalt, and nickel. Fluctuations in global supply or import restrictions can impact production costs and profitability.
- Technological Disruptions: The EV sector in India is driven by tech advancements. Companies lagging in battery technology or energy efficiency may lose market share to global or domestic competitors.
- Consumer Adoption Rates: The demand for EVs is increasing, but the adoption rate is still slower than expected. It could affect growth for top EV stocks in India.
- Capital Intensive Nature: Setting up production facilities and EV charging infrastructure in India requires significant capital.
Factors to Consider Before Investing in EV Stocks in India
- Policy and Budget Announcements: India’s best EV stocks in 2025 are directly impacted by changes in government schemes and budget allocations. Updates to the FAME scheme, PLI incentives, or customs duty exemptions influence the base price and adoption of electric vehicles, which may impact listed EV companies in India.
- Technology and Infrastructure Readiness: The performance of electric vehicle stocks depends on advancements in battery technology and the expansion of EV charging infrastructure in India. A lack of charging networks may slow the growth of electric two-wheeler stocks and other EV segments.
- Market Position and Product Line: Leading EV sector stocks often have a wider product range, established dealer networks, and stronger R&D pipelines. When comparing options from the EV stocks list in India, it is essential to evaluate the company’s market demand or niche segments.
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To Wrap It Up…
As of February 2025, a total of 5.675 mn (56.75 lakh) electric vehicles were registered in India, out of 389.77 mn total registered vehicles. While it shows the potential of the EV sector in India, the EV adoption still lags behind government targets. The future of EV stocks in India largely depends on consumer adoption, which will require overcoming both policy and market hurdles in the years ahead.
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Frequently Asked Questions About Electric Vehicle Stocks
1. What are EV stocks in India?
Electric vehicle stocks in India represent shares of companies involved in the production, development, and sale of electric vehicles or related technologies, including EV stocks with high growth.
2. Will the electric vehicle market be successful in India?
In the fiscal year 2024-25, nearly 2 mn EVs were registered, a 17% increase from the previous year. EVs make up only about 8% of total automobile sales. Market adoption and infrastructure challenges can influence EV stocks with high dividend yield. However, it is impossible to predict whether the market will turn out to be successful in the long run, as market fluctuations may be unpredictable.
3. Is it a good time to invest in EV stocks in India?
The timing of investing in EV stocks in India depends on financial goals, risk appetite, and market conditions.
4. Which companies on the EV stocks list manufacture batteries?
Several EV battery manufacturers in the Indian EV stocks list include companies like Amara Raja, Exide Industries, and others. These companies supply batteries that power EVs and contribute to EV stocks with strong financials.
5. Which are some of the EV penny stocks in India?
As of 20th August 2025, some of the top EV stocks with strong R&D and market capitalisation are:
- Maruti Suzuki India Ltd.
- Mahindra and Mahindra Ltd.
- Tata Motors Ltd.
- Bajaj Auto Ltd.
- Hyundai Motor India Ltd.
6. What are the top 5 electric vehicle stocks in India?
Investors seeking exposure to the growing electric vehicle industry may consider EV stocks in India. Within this segment, companies with EV stocks with strong export potential stand out for their global reach. However, anyone considering EV stocks in India should conduct sufficient market research and/or consult a financial advisor before investing.
