5 Best EV Stocks in India

Published : 25 July 2023

The Rise of Electric Vehicles in India

India's automotive sector contributes 7.1 percent to the country's GDP and provides significant employment.  India's electric vehicle market is on a trajectory of substantial growth, backed by supportive government policies, increasing consumer awareness, and technological advancements. 

The Rise of Electric Vehicles in India

Before looking into the best electric vehicle stocks in India,  we should know that the electric vehicles sector is not limited to manufacturers.  The sector has four subdomains: 1. Auto manufacturers 2. Auto parts and EV software  3. Battery manufacturing 4. EV charging stations

Mahindra & Mahindra is involved in the business activities of Manufacture of machinery for mining, quarrying and construction. 

193,742

Current Price

₹1555.1

Market Cap Cr

18% 

ROE

59.7

EPS

1293219

Volume

Category

Auto manufacturer

Tata Motors is an automobile giant that initiated its journey in its motherland (India) itself in the automobile industry in 1954.

212,732

Current Price

₹640.8

Market Cap Cr

5%

ROE

8.8

EPS

8622268

Volume

Category

Auto manufacturer

Hero Motocorp is involved in the business activities of Manufacture of motorcycles, scooters, mopeds etc. and their engine. 

63,248

Current Price

₹3163.00

Market Cap Cr

16% 

ROE

141.4

EPS

445252

Volume

Category

Auto manufacturer

Exide Inds. is involved in the business activities of Manufacture of batteries and accumulators. 

21,284

Current Price

₹250.3

Market Cap Cr

7%

ROE

10.2

EPS

476419

Volume

Category

Battery manufacturing

Power Grid Corpo is involved in the business activities of Transmission of electric energy.

174,491

Current Price

₹250.35

Market Cap Cr

18%

ROE

22

EPS

3949112

Volume

Category

EV charging stations