Listing of Greatest EV Shares in India | Electrical Automobiles Shares

Final Up to date on Feb 20, 2025 by vanessa sequeira

The Indian EV market is on a powerful progress trajectory, anticipated to skyrocket from US$2 bn in 2023 to US$7.09 bn by 2025, aiming for 10 mn annual gross sales by 2030. Regardless of electrical automobiles (EVs) making up just one.3% of automobile gross sales in 2022, the sector’s potential is huge, with over one million EVs bought in FY 2022-2023 and projections pointing to a $113.99 bn market by 2029. This progress highlights the growing curiosity in EV shares in India, spanning from producers like Tata Motors to battery giants like Exide. 

On this article, let’s dive into one of the best EV shares in India based mostly on a number of elements: how they’re invested within the electrical automobiles sector, options of greatest EV firms, an summary of the EV sector in India, the best way to spend money on the EV firms in India, and extra.

Greatest EV Shares in India 

Notice: The info is from nineteenth February 2025, and the highest EV firms in India are sorted based on their 1Y return. The record is taken from Tickertape Inventory Screener.
🚀 Professional Tip: You should use Tickertape’s Inventory Screener to analysis and consider shares with over 200+ filters and parameters.

Spend money on the Greatest EV Shares Chosen by SEBI-Registered Analysts

Do you know that you may spend money on readymade electrical car inventory portfolios managed by SEBI-registered consultants?

However, earlier than that, let’s have a look at what smallcase is.

smallcases are fashionable funding merchandise that assist buyers construct low-cost, long-term & diversified portfolios with ease. A smallcase is a basket or portfolio of shares/ETFs representing an concept – an goal, theme, or technique. They’re created and managed by SEBI-registered consultants.

Amongst 500+ smallcases, right here’s the highest electrical car smallcase:

Electrical Mobility smallcase by Windmill Capital

Inexperienced Vitality smallcase by Niveshaay

Notice: The smallcase is talked about just for academic functions and isn’t meant to be recommendatory. Buyers should conduct their very own analysis and seek the advice of a monetary knowledgeable earlier than making any funding choices.

Particulars of the High EV Firms in India

Himadri Speciality Chemical Ltd

Himadri Speciality Chemical Ltd was based in 1987 and is a outstanding participant within the speciality chemical compounds sector. It primarily operates in carbon-based merchandise, with key choices together with coal tar pitch, carbon black, and different superior supplies. 

Servotech Energy Programs Ltd

Servotech Energy Programs Ltd, established in 2004, supplies revolutionary energy-efficient options. The corporate performs an important position in supporting renewable vitality by way of its photo voltaic inverters, EV chargers, and varied energy backup units.

Vedanta Ltd

Vedanta Ltd, based in 1979, is considered one of India’s main diversified pure sources firms. It operates throughout sectors comparable to zinc, lead, silver, aluminium, iron ore, oil & fuel, and energy. The corporate performs a serious position in useful resource extraction, contributing to India’s industrial progress.

Amara Raja Vitality & Mobility Ltd

Based in 1985, Amara Raja Vitality & Mobility Ltd, previously generally known as Amara Raja Batteries, is among the largest producers of lead-acid batteries in India. The corporate serves sectors together with automotive, telecom, and renewable vitality. Just lately, the main target has shifted to vitality storage and electrical mobility options.

Hindustan Copper Ltd

Hindustan Copper Ltd was based in 1967 and is a public sector enterprise beneath the Ministry of Mines, Authorities of India. It’s concerned in mining, beneficiation, smelting, refining, and manufacturing of copper and copper-related merchandise. 

Mahindra and Mahindra Ltd

Based in 1945, Mahindra and Mahindra Ltd is a number one participant within the automotive sector. It’s notably identified for its four-wheelers, together with SUVs, electrical automobiles, and business automobiles. 

Exide Industries Ltd

Exide Industries Ltd, based in 1947, is considered one of India’s largest producers of lead-acid storage batteries. The corporate can also be investing closely in superior battery applied sciences, particularly for electrical automobiles.

Hero MotoCorp Ltd

Hero MotoCorp Ltd, established in 1984, is the world’s largest producer of two-wheelers. The corporate is a dominant participant within the Indian bike market, providing a spread of bikes and scooters. 

Hindalco Industries Ltd

Hindalco Industries Ltd, based in 1958, is a number one participant within the aluminium and copper manufacturing trade. The corporate operates as a part of the Aditya Birla Group and is a worldwide chief in aluminium rolling and copper smelting.

Tata Motors Ltd

Tata Motors Ltd, based in 1945, is considered one of India’s largest automotive producers, producing a variety of automobiles, from passenger automobiles to business vans. The corporate can also be on the forefront of the electrical car revolution in India by way of its Tata EV line.

Union Price range 2025-26 Allocations for the EV Sector

Finance Minister Nirmala Sitharaman offered the eighth Union Price range 2025-26 on 1st February, 2025. It emphasises the federal government’s sustained push to make electrical automobiles extra inexpensive by way of elevated allocations for EV-focused schemes and important tax reduction on important minerals for lithium-ion battery manufacturing:

• No finances outlays have been made to the FAME scheme and the Electrical Mobility Promotion Scheme for 2025-26. FAME Section II, which focuses on EV buy incentives and supporting charging infrastructure, continues operationally (having began in 2015), recent funding shouldn’t be included within the 2025-26 finances.
• The finances proposes an allocation of Rs. 4,000 cr. for the Prime Minister Electrical Drive Revolution in Progressive Automobile Enhancement (PME-DRIVE) scheme in 2025-26. This allocation is considerably larger than the allocation of Rs 1,870.76 cr. to the scheme in 2024-25. 
• The finances proposes a rise in allocation from Rs. 346.87 cr. in 2024-25 to Rs. 2,818.85 cr. in 2025-26 in the direction of the PLI scheme for Vehicles and Auto Elements.
• The finances exempted Primary Customs Obligation (BCD) on key supplies like cobalt, lithium-ion battery scrap, lead, zinc, and twelve different minerals. It additionally lowered import duties on battery supplies, serving to make EVs extra inexpensive. The federal government expanded capital items exemptions, including 35 objects for EV battery manufacturing to spice up the native provide chain.

Greatest EV Shares in India – Primarily based on The Highest Each day Quantity

Notice: The info is from twentieth February 2025, and the highest EV firms in India are sorted based on the best every day quantity. The record is taken from Tickertape Inventory Screener.

EV Penny Shares India

Notice: The info is from twentieth February 2025, and the Indian EV penny shares are sorted from lowest EV share value to highest. The record is taken from Tickertape Inventory Screener.

High EV Firms in India – Primarily based on ROI

Notice: The info is from twentieth February 2025, and the record of high 10 EV firms in India are sorted from highest 5-yr return on funding to lowest. The record is taken from Tickertape Inventory Screener.

Options of the Greatest EV Shares in India

When evaluating one of the best EV shares in India, buyers ought to deal with a number of key options that sign an organization’s progress potential and stability within the evolving EV sector share record. 

Progressive Product Lineup

A various and revolutionary vary of EV merchandise is obtainable by EV firms in India, together with varied car sorts, that meet client wants and preferences. Firms on this class usually make up one of the best electrical car shares in India.

Superior Expertise Adoption

Emphasis on adopting and growing superior applied sciences, particularly in EV battery shares, electrical drivetrains, and car software program, to reinforce effectivity and efficiency.

Scalable Manufacturing Infrastructure

High 10 EV shares in India show sturdy manufacturing capabilities that may meet the growing demand for electrical car shares. This consists of the capability for in-house element manufacturing. 

Strategic Trade Partnerships

Collaborations with tech companies, EV battery producers, and different automakers to share data, sources, and market entry are essential. These partnerships assist firms strengthen their place among the many high EV firms in India and the broader EV sector penny shares in India.

Authorities Coverage Assist

Firms that profit from authorities incentives, subsidies, and supportive insurance policies aimed toward accelerating EV adoption are sometimes present in one of the best EV shares lists. EV penny shares in India can also profit from such insurance policies.

Stable Financials

Sturdy monetary well being characterised by regular income progress, profitability, and the power to spend money on R&D is a trademark of electrical firm shares. Firms with stable financials usually dominate EV share record and symbolize high selections within the electrical car penny shares class.

Dedication to R&D

Ongoing funding in analysis and growth helps drive technological developments and preserve a aggressive edge out there. This issue is especially essential for firms providing electrical car associated shares in India.

Sustainability Practices

Energetic engagement in sustainability and environmental accountability, together with efforts to minimise the environmental impression of manufacturing, is a robust indicator of long-term success for electrical car battery shares in India.

International Market Presence

Firms with methods for tapping into worldwide markets, thus increasing their attain past home boundaries, are sometimes listed within the high electrical car shares and greatest EV shares in India.

Adaptability

Flexibility and flexibility to quickly altering expertise tendencies and client calls for are essential for long-term relevance and success within the EV sector shares record.

The Progress of Electrical Automobiles in India

As soon as thought-about a distant dream, electrical car shares in India have emerged as one of many fastest-growing segments in India’s automotive sector by 2023. This shift is pushed by evolving public notion, heightened consciousness of air pollution from inner combustion engine automobiles, and the introduction of extra fascinating and environment friendly EV merchandise.

Since 2021, India has witnessed a gradual enhance in EV adoption, with gross sales skyrocketing by 82% in March 2023 alone, reaching 1,39,789 models in comparison with the earlier yr. The fiscal yr 2023 noticed a powerful 157% progress in general gross sales, totalling 11,80,597 models, pushed predominantly by electrical two-wheelers. Main this phase are Ola Electrical, TVS Electrical, and Ather Vitality, all of which contribute to the rise in electrical car share record in India and EV penny shares in India.

The electrical four-wheeler market can also be on the rise, with a notable 178% enhance in registrations in 2022 and a 41.5% month-on-month gross sales enhance in 2023. Tata Motors leads this house, commanding a major market share, adopted by MG Motor and Mahindra, all key gamers in electrical car shares, making it a lovely possibility for buyers in electrical firm shares.

The general EV market, though nonetheless a small fraction of India’s whole automotive sector, is poised for substantial progress. It’s anticipated to develop by 49%, compounded yearly by 2030. With plans for brand new entries by international manufacturers and an uptick in business electrical three-wheelers, India is steadily advancing in the direction of a net-zero carbon emissions future. That is boosting curiosity in EV associated shares in India and growing the worth of high EV shares in India.

Benefits of Investing in EV Sector Shares

Investing within the electrical car (EV) sector presents a spread of benefits, particularly as international vitality tendencies shift in the direction of sustainability. 

Progress Potential

Electrical car shares in India are experiencing exponential progress, pushed by growing environmental considerations and authorities insurance policies selling cleaner vitality sources. As conventional automotive markets stagnate, the EV sector share record guarantees important enlargement potential.

Authorities Incentives

Many governments worldwide, together with India, are providing varied incentives, comparable to tax rebates, grants, and subsidies for each EV producers and shoppers. This makes electrical car shares in India part of engaging funding alternatives.

Technological Improvements

The EV sector is on the forefront of technological innovation within the automotive trade, together with developments in EV battery shares, autonomous driving, and car connectivity. Firms main in EV battery shares in India might provide aggressive benefits and create new income streams.

Environmental Affect

Investing in EV shares India aligns with rising client and company emphasis on sustainability. By supporting the expansion of the EV sector shares in India, buyers contribute to the discount of greenhouse fuel emissions and air pollution. It additionally aligns their portfolios with international sustainability targets and the expansion of one of the best electrical car shares.

Market Diversification

The EV sector consists of not simply automakers but additionally battery producers, charging infrastructure suppliers, and expertise companies. This range permits buyers to unfold their dangers throughout varied sub-sectors inside the broader EV market.  It enhances portfolio diversification, together with EV penny shares in India and electrical car associated shares in India.

Regulatory Assist

With growing environmental laws aimed toward lowering carbon emissions, the EV sector shares are more likely to profit from stricter emission requirements imposed on conventional combustion automobiles. These laws can speed up the shift towards electrical automobiles, boosting the market share of EV firms in India.

Early-Mover Benefit

For buyers, investing within the high EV shares in India early could be seen as an early-mover benefit, particularly in areas the place EV adoption is simply starting to take off. Investing in EV share record earlier than they turn out to be mainstream can doubtlessly yield larger features because the sector matures.

Shopper Adoption Charges

As client preferences shift in the direction of extra sustainable and technologically superior automobiles, the demand for electrical automobiles is predicted to proceed rising. This rising client base will probably drive gross sales volumes and, in flip, the inventory costs of firms inside the EV sector, together with one of the best EV shares in India.

Dangers Related With Investing in EV Shares

Investing in electrical car (EV) shares, whereas promising, carries a number of dangers that buyers ought to take into account. Understanding these dangers might help make extra knowledgeable funding choices on this quickly evolving EV trade.

Technological Obsolescence

Firms that fail to maintain up with technological developments threat turning into out of date. New battery applied sciences and breakthroughs in charging infrastructure might render current applied sciences outdated rapidly, affecting the electrical car share record.

Excessive Competitors

The EV market has attracted many new entrants alongside established automotive giants pivoting in the direction of electrical fashions. This heightened competitors can strain revenue margins and market share and finally have an effect on the monetary stability of firms, particularly smaller gamers in EV penny shares in India or high EV firms in India.

Regulatory and Coverage Adjustments

Authorities insurance policies drastically affect the EV sector. Nevertheless, modifications within the political local weather or financial priorities can result in the withdrawal or discount of those incentives. Stricter laws might additionally impose further compliance prices, affecting electrical car associated shares in India and EV associated shares.

Provide Chain Volatility

EV manufacturing closely depends on particular uncooked supplies like lithium, cobalt, and nickel, important for battery manufacturing. Fluctuations within the availability or value of those supplies can have an effect on manufacturing prices and timelines, posing dangers for EV battery shares. Geopolitical tensions and environmental laws also can disrupt provide chains, affecting firms with publicity to EV shares record.

Market Valuation Issues

The hype surrounding the EV market can result in inflated valuations that don’t essentially replicate the underlying financial fundamentals of firms. Such overvaluation may end up in volatility and sharp value corrections if investor sentiment shifts or if firms fail to fulfill progress expectations. It is a specific concern for EV penny shares record and the EV inventory value.

Infrastructure Adequacy

The success of listed electrical car firms in India is partly depending on the supply of a complete charging infrastructure. In areas the place this infrastructure is missing or sluggish to develop, the adoption fee of EVs could also be stifled. 

Shopper Adoption Charges

Slower-than-expected adoption charges can have an effect on the income streams of EV firms in India, notably these concerned in one of the best EV penny shares in India under 1 rupee.

Monetary Sustainability

Many EV firms, notably startups, are working at a loss as they make investments closely in analysis, growth, and scaling operations. This will impression smaller firms, together with these listed within the high 10 EV penny shares in India.

Who Can Spend money on the Greatest EV Shares in India?

• Buyers focused on long-term progress inside the EV sector might discover this interesting.
• These snug with larger threat and market fluctuations is perhaps drawn to EV shares.
• Buyers obsessed with sustainable transportation and inexperienced vitality may very well be drawn to this sector.
• These fascinated by technological developments in EV batteries and charging stations may see the potential right here.
• Buyers trying to diversify their current portfolios may take into account including electrical car shares.
• These snug with navigating the uncertainties of a growing trade is perhaps focused on EV shares.
• Buyers who see potential in being early adopters may discover electrical car shares intriguing.

Learn how to Establish the Greatest EV Shares in India?

Figuring out one of the best EV shares in India includes analysing a number of important elements that point out an organization’s potential for progress, sustainability, and profitability inside the rising EV market. Right here’s what you may take into account when evaluating the highest EV shares in India:

Various Product Portfolio

Assess for firms with a variety of EV merchandise, together with passenger automobiles, business automobiles, two-wheelers, and three-wheelers. To diversify your portfolio, a have a look at the EV photo voltaic AI shares record in India might provide thrilling progress alternatives. This issue is especially related when assessing the highest EV firms in India.

Progressive Expertise

Firms main in EV expertise might stand out out there. This may occasionally improve car efficiency, security, and person expertise, positioning the corporate as a expertise chief. Firms on this class usually function prominently in one of the best electrical car shares record.

Sturdy Provide Chain and Manufacturing

Figuring out EV firm shares with sturdy provide chains for important EV parts and scalable manufacturing processes may point out their potential to fulfill rising demand and preserve a aggressive edge. That is essential for firms listed in electrical car shares in India.

Monetary Well being

Consider firms with wholesome income streams, profitability, and constructive money circulate, as these elements might allow steady funding in R&D and strategic progress. Financially sturdy firms usually function among the many high EV shares in India and can also seem in EV penny shares in India for buyers smaller, high-growth alternatives.

Sustainability Initiatives

Analysis about firms which can be dedicated to utilizing renewable vitality of their manufacturing processes and actively working to cut back their carbon footprint. That is essential for buyers targeted on electrical car associated shares in India and EV sector shares in India.

Buyer Base and Community

Firms that provide dependable assist and easy accessibility to charging might encourage extra shoppers to undertake EVs, enhancing the corporate’s place within the EV sector shares record.

Export Potential

Firms which can be increasing into international markets may provide further avenues for progress and diversification, growing their resilience. Export-driven firms usually lead within the EV sector shares and are present in lists comparable to the highest electrical car shares.

By contemplating these elements, you might determine one of the best EV shares in India and the electrical car share value that aligns along with your funding targets. Combining this evaluation with complete analysis instruments might help you make extra knowledgeable choices when EV firms in India. Whether or not it’s one of the best electrical car shares or EV penny shares record for speculative investments.

Learn how to Spend money on Electrical Automobile (EV) Shares in India? 

If you’re trying to spend money on EV shares in India, right here’s a easy information utilizing a inventory screener:

Step 1: Go to the Tickertape Inventory Screener.

Step 2: Click on on ‘+ Create’ within the ‘Inventory Universe’ part to arrange your inventory universe.

Step 3: Add electrical car shares in India by together with firms which can be talked about in dependable articles or lists, specializing in these straight concerned within the EV sector.

Step 4: Apply over 200 filters accessible on the platform to type and analyse these shares based mostly in your funding preferences, comparable to market capitalisation, monetary well being, or progress potential.

Step 5: Assessment the filtered record, specializing in key metrics like electrical car share value, income progress, and technological innovation, to determine the shares that greatest suit your standards.

A radical evaluation of the inventory is worth it earlier than including it to your portfolio. For this goal, Tickertape supplies you with complete analysis, evaluation, and investing instruments. With Tickertape Inventory Screener, you may record shares based mostly in your most popular standards. There are over 200 filters so that you can select from, together with pre-built screens, which make your evaluation quicker.

Additional, the Scorecard on each asset web page helps you dive deeper into the inventory and analyse the inventory based mostly on quantitative elements comparable to profitability, efficiency, entry and exit factors, valuation, and progress and supplies a sneak peek into the potential crimson flags within the inventory. Analysis, analyse, and make investments faster than earlier than as a result of #TickertapeHaiNa! Turn out to be a Professional Member now!

To Wrap Up

The electrical car (EV) sector in India is quickly increasing, bringing numerous alternatives for individuals trying to make investments. Nevertheless, the dynamic nature of this sector, characterised by swift technological evolutions and regulatory modifications, underscores the significance of conducting thorough analysis earlier than making any funding choices. By being cautious and making knowledgeable selections, you may make probably the most out of the rising EV market in India and assist assist a cleaner surroundings.

Continuously Requested Questions on EV Shares

I’m a finance fanatic who loves exploring the world of cash by way of my lens. I’ve been devoted to constructing techniques that work and curating content material that helps individuals be taught.

As an insatiable reader and learner, I’ve spent the final two years exploring the world of finance. With my artistic thoughts and curious spirit, I really like making complicated finance matters simple and enjoyable for everybody to grasp. Be a part of me on my journey as we navigate the world of finance collectively!

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