List Top 10 EV Stocks in India

1. Tata Motors Ltd
Market Capitalization: ₹2,90,098 crore
Tata Motors is at the forefront of the EV revolution in India with its popular electric vehicles like the Tata Nexon EV. The company’s extensive portfolio of electric cars and trucks positions it as a strong contender in the EV space.

 

2. Mahindra and Mahindra Ltd
Market Capitalization: ₹3,78,136 crore
Mahindra Electric, part of Mahindra and Mahindra, has a significant presence in the electric mobility space. Its electric SUVs and commercial vehicles are expected to see increased demand in the coming years.

3. Maruti Suzuki India Ltd
Market Capitalization: ₹3,49,925 crore
Known for its dominance in the Indian automobile market, Maruti Suzuki is making strides in the EV segment, focusing on affordable electric cars for the mass market.

4. Bajaj Auto Ltd
Market Capitalization: ₹2,51,308 crore
Bajaj Auto is expanding its footprint in the electric two-wheeler market with models like the Chetak EV, offering an eco-friendly alternative to traditional scooters and motorcycles.

5. Hero MotoCorp Ltd
Market Capitalization: ₹62,899 crore
Hero MotoCorp is investing in electric two-wheelers, with models such as the Hero Electric range becoming increasingly popular among consumers.

6. Ashok Leyland Ltd
Market Capitalization: ₹68,706 crore
Specializing in commercial vehicles, Ashok Leyland is focusing on electric buses and trucks to cater to India’s growing demand for eco-friendly public transportation.

7. Hindalco Industries Ltd
Market Capitalization: ₹1,48,256 crore
As one of India’s leading aluminum manufacturers, Hindalco plays a vital role in the electric vehicle supply chain by providing materials for EV battery production.

8. Exide Industries Ltd
Market Capitalization: ₹38,649 crore
Exide Industries is a leading manufacturer of batteries for electric vehicles. The company is investing heavily in R&D to develop next-gen batteries for the EV market.

9. NTPC Ltd
Market Capitalization: ₹1,52,123 crore
NTPC, primarily a power generation company, is also focusing on the EV ecosystem by building charging infrastructure for electric vehicles across India.

10. Olectra Greentech Ltd
Market Capitalization: ₹1,446 crore
Olectra Greentech is a major player in the electric bus segment in India. It is providing eco-friendly solutions for public transportation through its electric buses.

Conclusion

As India rapidly transitions toward electric mobility, these 10 EV stocks are poised to benefit from the increasing demand for electric vehicles and sustainable transport solutions. Whether it’s Tata Motors’ innovative electric cars, Mahindra’s electric SUVs, or Bajaj Auto’s Chetak EV, each of these companies presents a unique investment opportunity. As we look toward 2025, keeping an eye on these companies and their market performance could lead to profitable investment opportunities in the booming Indian EV market.