EV Stocks: List of Top Electric Vehicle Stocks in India (2025)

Suppose you’ve been following the buzz around electric vehicles (EVs). In that case, you might be interested to know that India aims to have 30% of its vehicles electrified by 2030—a bold target that could reshape the automotive landscape. This shift isn’t just about cleaner air; it’s also a lucrative investment opportunity. Moreover, with favourable policies, such as the Electric Mobility Promotion Scheme (EMPS) scheme in place, the electric stocks in India received a huge boost. In this blog, we’ll explore the top EV stocks in India for 2025, helping you identify the key electric vehicle stocks poised for growth in the EV segment. 

Top Electric Vehicle Stocks in India

Disclaimer: Please note that the above table is for educational 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.

🚀 Pro Tip: Utilise Tickertape’s Stock Screener to screen the list of top stocks amongst 5,000+ available stocks using 200+ filters.

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Overview of the Best Electric Vehicle Stocks in India

Here are brief overviews on the top 5 EV stocks from the electric vehicle share list in India above:

Tata Motors Ltd

Tata Motors Ltd, established in 1945, is a global automobile manufacturer offering a wide range of cars, utility vehicles, buses, trucks, and defence vehicles. It is one of India’s leading automobile companies and is known for its innovation and sustainability focus, particularly in electric vehicles (EVs).

KPIT Technologies Ltd

KPIT Technologies Ltd, founded in 1990, is a global IT consulting and product engineering company specialising in automotive software and technology solutions. The company focuses on creating solutions for electric, autonomous, and connected vehicles, providing innovative software and digital services.

Hero MotoCorp Ltd

Hero MotoCorp Ltd, established in 1984, is one of the world’s largest manufacturers of motorcycles and scooters. The company is renowned for its wide range of two-wheelers, focusing on fuel efficiency, affordability, and a robust service network.

Himadri Speciality Chemical Ltd

Established in 1987, Himadri Speciality Chemical Ltd is a leading manufacturer of carbon materials and chemicals derived from coal tar. The company is involved in producing carbon black, advanced carbon materials, and specialty chemicals used in various industrial applications.

Mahindra and Mahindra Ltd

Founded in 1945, Mahindra and Mahindra Ltd is one of the largest automobile manufacturers in India, known for its SUVs, commercial vehicles, and tractors. The company has a significant presence in the agribusiness, IT, and financial services sectors.

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Top Electric Vehicles Stocks Selected By SEBI-Registered Analysts

Did you know that you can invest in readymade electric vehicle stock portfolios managed by SEBI-registered experts? These portfolios, known as smallcases, offer a convenient way to gain exposure to the growing EV sector in India.

smallcases are curated baskets of stocks or ETFs that are based on a specific theme or investment strategy. They are created and managed by SEBI-registered professionals.

Among 500+ smallcases, here’s are some of the top electric vehicle smallcases:

Electric Mobility smallcase by Windmill Capital

Green Energy smallcase by Niveshaay

• Disclosures for Electric Mobility smallcase
• Disclosures for Green Energy smallcase

Here are a few popular smallcases among new investors:

What are Electric Vehicle Stocks?

The full form of EV stock is electric vehicle stocks in India. These are shares of electric vehicles in India, which produce, manufacture, and distribute electric vehicles, batteries, motors, EV software, and other charging stations.

In addition to having lower fuel costs (or none at all), electric vehicles emit significantly fewer emissions. Thus, investing in electric vehicles also benefits the environment. With the Indian government’s focus on electric mobility, investors are becoming more aware of the top EV shares in India. As the EV market evolves, the best EV shares in India could play a crucial role in shaping investment portfolios.

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.

Why Explore Best Performing EV Stocks in India?

Investing in electric vehicle stocks, including the top 10 EV companies India, presents an exciting opportunity due to the ongoing transformation of the automotive industry. The global shift towards sustainable practices and the growing focus on reducing carbon emissions has made electric car companies stock an essential part of the future. As governments worldwide introduce laws promoting renewable energy and offering incentives to boost EV adoption, the future of EV market stocks looks promising.

The sector is driven by innovative technologies, improvements in battery efficiency, and infrastructural advancements that are reshaping the industry. Investors who aim to align their portfolios with future EV stock market trends and contribute to the green revolution may find EV sector stocks in India offering both financial gains and long-term impact.

However, it is important to evaluate the risks associated with the EV industry carefully. The increasing number of electric car manufacturers entering the market intensifies competition and pricing pressures. This could reduce profit margins and affect stock prices. Changes in regulations, product offerings, and shifts in consumer preferences may also impact demand for EVs and influence stock performance.

Features of Top EV Companies in India

Choosing the best EV stock in India depends on your investment goals and risk tolerance. However, some of the key features are as follows: 

• Strong Financials: The best electric vehicle shares in India, including electric vehicle company stocks India, have a solid track record of profitability and positive cash flow.
• Market Leadership: Most of the top companies in the Indian EV market have a strong brand presence and a wide range of products. The EV sector in India, including EV company shares, is exponentially growing, with many new players coming up; therefore, identifying and adding the market leader to your portfolio can provide stability.
• Experienced Management Team: The best electric vehicle stock company has a management team with experience in the automotive industry and a clear vision for the future.

Segments of the EV Sector in India

The electric vehicle shares list in India can be categorised into EV segments:

Electric Vehicle Producers

These EV related stocks in India, including the top 10 electric vehicle stocks in India, are engaged in designing, manufacturing, and selling vehicles. Prominent examples in this EV segment include Tesla, which focuses on electric vehicles, and established manufacturers like Toyota, Ford, and General Motors. 

Battery Producers

These electric vehicle companies in India listed in stock market are key players in developing and producing electricity storage solutions, supplying batteries for electric automotive vehicles. Leading firms in this sector include Panasonic, LG Chem, and CATL. 

Vehicle Components and EV Software

In the context of electric vehicles shares in India, companies specialising in EV software are vital for developing software for battery management, energy efficiency, and connectivity. Established component manufacturers like Bosch and Delphi, along with software-centric firms such as NVIDIA and Aptiv. 

EV Charging Networks

Positioned in urban areas and along major travel routes, these networks play a crucial role in making electric vehicle travel viable over long distances. Electric car companies like ChargePoint and Tesla operate extensive networks that provide EV users convenient access to charging stations. 

What are the Benefits of Electric Vehicle Stocks?

The increasing government incentives and changing consumer preferences are driving the future of EV stocks India. Here are some of the benefits of EV stock portfolios in India:

• Exposure to a Growing Market: A report by BloombergNEF predicts that EVs will comprise 31% of global passenger vehicle sales by 2030, which shows the EV sector growth potential of top electric vehicle shares in India.
• Diversification: Electric vehicle stock portfolios in India offer diversification benefits. Thus, risk can be diversified across industries like renewable energy, high-potential EV stocks, manufacturing, and charging infrastructure. 
• Potential for High Returns: India’s electric vehicle growth could translate into high returns for investors who are looking for the best electric vehicle shares in India, including EV industry stocks on the list of EV stocks in India. As demand for EVs increases, electric car companies in India could see their stock prices rise.
• Environmental Benefits: Exploring the best EV sector shares in India can also have ecological benefits. By supporting electric car stocks involved in developing and producing EVs, you can accelerate the transition to a low-carbon transportation system.
• Favourable Government Policies: Governments worldwide are offering incentives and subsidies to promote the adoption of electric vehicles, which supports the growth of the electric mobility industry and electric company stocks.

How to Choose the Top EV Companies for Your Portfolio?

When evaluating the top EV stocks in India, including the best EV sector stocks, you can consider factors like market share, technological advancements, and partnerships with battery manufacturers. To identify the best EV stock, the following are the characteristics of a budding EV company in India:

• Diverse EV Range: To meet the needs of different EV segments, a wide variety of electric vehicles, including passenger and commercial vehicles, as well as two-wheelers and three-wheelers, is essential.
• Technological Leadership: It is key to explore cutting-edge EV technology, such as advanced battery systems, efficient powertrains, and innovative software, to improve driving experiences and ensure safety and electric vehicle stock performance.
• Supply Chain and Production: A strong supply chain and flexible manufacturing capabilities are vital for scalable production, ensuring the timely delivery of high-quality electric vehicles.
• Financial Stability: Solid financials, including revenue growth, profitability, and positive cash flow, are important for a company, enabling ongoing investment in development and expansion.
• Environmental Commitment: The EV shares in India, including the top 10 EV stocks in India, can appeal to eco-conscious consumers. Companies in every EV segment must engage in sustainable efforts, such as using renewable energy in manufacturing and reducing carbon footprints.
• Wide Customer Reach: Maintaining a broad customer base and extensive service and charging network is essential, promoting customer satisfaction and facilitating the transition to electric vehicles.

How to Invest in Electric Vehicle Stocks in India?

The increased adoption of EVs has propelled many top EV companies 2025 to double-digit growth. With many EV shares in India riding high with strong momentum, investing in EV stocks India has the potential to become a game-changer. Here’s how to invest in electric vehicle related stocks in India:

• Research and identify promising companies in the EV sector listed on Indian stock exchanges. Investors can utilise the Tickertape Stock Screener to do this by taking a look at their 200+ filters. 
• Open a demat account using smallcase, and you can directly invest in the best EV stocks for long-term and short-term in India. 
• Place a ‘Buy’ order on the best EV sector stocks in India of your choosing and monitor your electric vehicle investments. 
• One can also invest in an electric vehicle stocks portfolio via smallcase, which are managed by SEBI-registered analysts.

Who Should Explore the Top Electric Vehicle Stocks in India?

Considering the growth prospects of the electric vehicle (EV) sector, individuals looking for long-term growth opportunities should explore the best electric vehicle company shares in India. Moreover, investors who are more inclined towards safeguarding the environment and supporting sustainable energy solutions should explore the best EV growth stocks in India. However, one must evaluate their risk appetite and investment goals before investing in the best electric vehicle stocks or EV shares in India.

A Comprehensive Roundup of Indian EV Policies

India has been making significant efforts to promote the electric vehicles sector (EVs) as a sustainable mode of transportation. Here is a comprehensive roundup of Indian EV policies that may affect electric vehicle share in India:

National Electric Mobility Mission Plan (NEMMP)

The NEMMP was launched in 2013 to promote EV development and adoption in India. The plan aims to achieve national fuel security and reduce vehicular pollution by encouraging hybrid and electric vehicles. The NEMMP plans to invest around Rs. 14,000 cr. to foster R&D efforts and is projected to save 9,500 litres of crude oil.

Faster Adoption and Manufacturing of Electric Vehicles (FAME) Scheme

As part of NEMMP, the government even launched the FAME India scheme. This was to promote hybrid and EV manufacturers in India so that the country becomes completely electrified by 2030. It’s a governmental incentive scheme that focuses on four major areas: Technology development, Demand Creation, Pilot Projects, and Charging Infrastructure.

State EV Policies

State EV policies refer to government policies and regulations implemented at the state level to promote the adoption and usage of electric vehicles (EVs). These policies can vary depending on the state and may include a range of measures such as financial incentives, regulations, and infrastructure development. Some notable ones include the Maharashtra EV Policy, Delhi EV Policy, Andhra Pradesh EV Policy, Tamil Nadu EV Policy, and Gujarat EV Policy.

Public Charging Infrastructure

Public Charging Infrastructure refers to the network of charging stations. It is related equipment that is publicly accessible and used for charging electric vehicles (EVs). The government has set a target of establishing 69,000 public charging stations for EVs by 2025. The government provides financial incentives to electric car companies India to set up public charging infrastructure to achieve this target.

Green Urban Transport Scheme (GUTS)

The GUTS was launched in 2018 to promote the adoption of sustainable transport systems in cities. Therefore, the scheme provides financial assistance to state governments in developing urban transport infrastructure, including EV charging infrastructure.

Factors To Consider Before Investing in Electric Vehicle Stocks in India

Here are some of the essential factors to consider before purchasing EV stocks for investments:

• Government Policies: The Indian government has been promoting the adoption of EVs through various policies, including subsidies and tax exemptions. Investors should monitor the government’s policies and regulations related to the best EV stocks in India, as they can significantly impact the industry’s growth.
• Market Potential: The future of EV stocks market is huge in India, with a growing middle class and increasing awareness of environmental issues. Investors should assess the stock market potential for EVs in India and the competitive landscape for potential growth.
• Check M&A’s (Mergers & Acquisitions): Mergers and acquisitions, or M&A, refer to combining two or more companies into one. Thus, an investor who is looking for the best EV stocks India must search and pay extensive attention to these EV company stocks before making an investment decision.

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To Wrap It Up…

The electric vehicle (EV) industry has been gaining momentum in recent years, driven by government incentives and increasing consumer demand. As the world transitions towards a more sustainable future, electric car manufacturers are poised to play a significant role in this shift. Thus, investing in the top EV stocks in India may allow investors to gain exposure to booming EV industry.

Frequently Asked Questions on Electric Vehicle Stocks

Stocks Under Budget

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