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.
Best EV Stocks in India
Saturday, 2 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 | 8,044.50 | 12,774.00 | 7,089.35 | 224,590.92 | 30.66 | 37.91 | 6.38 | 2.61 | 22.84 | -17.33 | 102.46 | 175.74 | Largecap | Automobiles & Components | Automobiles | Motorcycle Manufacturers | 0.46 |
| BOSH | Bosch Ltd | BOSCHLTD | /stocks/bosch-BOSH | Auto Parts | 40,390.00 | 40,730.00 | 25,921.60 | 119,124.81 | 59.11 | 37.91 | 8.62 | 1.27 | 15.58 | 17.51 | 128.85 | 215.69 | Largecap | Automobiles & Components | Auto Components | Automotive Parts & Equipment | 0.01 |
| HROM | Hero MotoCorp Ltd | HEROMOTOCO | /stocks/hero-motocorp-HROM | Two Wheelers | 4,311.60 | 6,246.25 | 3,344.00 | 86,238.77 | 19.70 | 37.91 | 4.44 | 3.83 | 23.52 | -19.74 | 51.77 | 63.86 | Midcap | Automobiles & Components | Automobiles | Motorcycle Manufacturers | 1.19 |
| HYU | Hyundai Motor India Ltd | HYUNDAI | /stocks/hyundai-motor-india-HYU | Four Wheelers | 2,181.00 | 2,265.30 | 1,541.70 | 177,215.21 | 31.42 | 37.91 | 16.62 | 0.01 | 39.45 | 19.86 | 19.86 | 19.86 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | 1.36 |
| MAHM | Mahindra and Mahindra Ltd | M&M | /stocks/mahindra-and-mahindra-MAHM | Four Wheelers | 3,159.30 | 3,303.00 | 2,425.00 | 379,023.35 | 29.32 | 37.91 | 4.07 | 0.75 | 14.97 | 11.70 | 155.25 | 429.06 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | -1.37 |
| MOSS | Samvardhana Motherson International Ltd | MOTHERSON | /stocks/motherson-sumi-systems-MOSS | Auto Parts | 95.54 | 144.66 | 71.50 | 100,837.14 | 26.52 | 37.91 | 3.57 | 0.86 | 10.33 | -26.99 | 64.44 | 119.97 | Largecap | Automobiles & Components | Auto Components | Automotive Parts & Equipment | -1.68 |
| MRTI | Maruti Suzuki India Ltd | MARUTI | /stocks/maruti-suzuki-india-MRTI | Four Wheelers | 12,302.00 | 13,680.00 | 10,725.00 | 386,778.05 | 26.67 | 37.91 | 4.52 | 1.10 | 16.84 | -7.91 | 36.64 | 99.54 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | -2.43 |
| SCHE | Schaeffler India Ltd | SCHAEFFLER | /stocks/schaeffler-india-SCHE | Auto Parts | 4,100.80 | 4,374.90 | 2,823.00 | 64,097.01 | 68.27 | 37.91 | 12.02 | 0.68 | 18.52 | -1.51 | 44.75 | 475.55 | Midcap | Capital Goods | Auto Components | Industrial Machinery & Supplies & Components | -0.51 |
| TAMO | Tata Motors Ltd | TATAMOTORS | /stocks/tata-motors-TAMO | Four Wheelers | 648.85 | 1,176.00 | 535.75 | 238,887.78 | 8.58 | 37.91 | 1.95 | 0.92 | 25.79 | -43.30 | 35.40 | 473.95 | Largecap | Automobiles & Components | Automobiles | Automobile Manufacturers | -2.57 |
| TVSM | TVS Motor Company Ltd | TVSMOTOR | /stocks/tvs-motor-company-TVSM | Two Wheelers | 2,858.20 | 2,960.30 | 2,171.40 | 135,652.77 | 60.68 | 37.91 | 14.37 | 0.00 | 26.37 | 10.60 | 208.44 | 621.40 | Largecap | Automobiles & Components | Automobiles | Motorcycle Manufacturers | 2.01 |
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.
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 list covers a wide range of companies, starting from EV manufacturers to companies involved in EV charging infrastructure in India.
Overview of the Top EV Stocks in India 2025
- Maruti Suzuki India Ltd: Maruti Suzuki India Ltd has been exploring opportunities in the electric vehicle industry, focusing on technology partnerships and product development to support the broader EV market in India.
- Mahindra and Mahindra Ltd: Mahindra and Mahindra Ltd is expanding its electric vehicle portfolio in India. The company aims to contribute to the electric vehicle market through electric SUVs, three-wheelers, and strategic alliances.
- Tata Motors Ltd: Tata Motors Ltd is among the top EV stocks in India in 2025, as per market capitalisation. It has gained recognition for its electric cars, battery innovation, and efforts to grow the EV charging infrastructure in India.
- Bajaj Auto Ltd: Bajaj Auto Ltd has made inroads into the list of electric two-wheeler stocks in India. The company’s approach includes affordable models and expanding its reach across the Indian EV market.
- Hyundai Motor India Ltd: Hyundai Motor India Ltd continues to launch new electric vehicle models and invest in local EV production. Hyundai Motors is planning to strengthen its position in the electric vehicle industry in India.
How to Invest in EV Stocks in India?
Here is how one can invest in the best EV stocks in India:
- Open a trading account or 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.
- 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.
- FAME and Electric Mobility Promotion Scheme: FAME Phase II remains operational, supporting incentives for EV purchases and helping the growth of EV charging infrastructure stocks 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.
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 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: Indian EV companies continue to invest in advanced battery systems, energy-efficient drivetrains, and smart mobility solutions. This would support the growth of EV stocks in India.
- 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 listed 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 of the electric vehicle stocks.
Risks of Investing in EV Stocks in India
- Policy Dependence: The growth of EV sector stocks depends heavily on supportive government policies and incentives. Any changes or delays in policies like FAME or state-level subsidies can influence demand for listed 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: Indian EV stocks 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.
- Raw Material and Supply Chain Exposure: Many EV battery manufacturers in India rely on imported minerals, such as lithium and cobalt. Fluctuations in international prices and supply disruptions can affect production costs, margins, and the long-term outlook for electric vehicle stocks.
- 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 important to evaluate the company’s market demand or niche segments.
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To Wrap It Up…
As of 8 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.
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. However, EVs make up only about 8% of total automobile sales. So, the success of the EV market largely depends on the infrastructure challenges and the consumer adoption rate.
3. Is it a good time to invest in EV stocks in India?
The timing of investing in EV stocks in India depends on your 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 electric vehicles, two-wheelers, and related segments.
5. Which are some of the EV penny stocks in India?
To find out the electric vehicle penny stocks in India, you can visit Tickertape Stock Screener, where you can use more than 200+ filters to explore electric vehicle stocks in India.
6. What are the top 5 electric vehicle stocks in India?
As of 24 July 2025, some of the top electric vehicle stocks based on market capitalisation are:
- Maruti Suzuki India Ltd.
- Mahindra and Mahindra Ltd.
- Tata Motors Ltd.
- Bajaj Auto Ltd.
- Hyundai Motor India Ltd.
7. Who should invest in EV Stocks?
Investors seeking exposure to the growing electric vehicle industry may consider investing in electric vehicle stocks in India. However, as with any investment, it’s important to assess individual risk tolerance and market conditions.
