Best EV Stocks in India 2024

As the world adopts sustainability, the electric vehicle (EV) market is gaining speed globally. In India, the shift towards electric transportation is evident, with a wave in the demand for EVs. This article explores the top electric vehicle stocks in India, highlighting key players contributing to the electrifying revolution.

Top 10 EV Stocks To Invest in India 2024

Uncover the leaders with these top EV stocks fueling India's electric vehicle (EV) evolution. In the dynamic domain of the stock market, these companies emerge as frontrunners, harnessing the potential of India's electric mobility transition.

Below is The Electric Stock list For Your Reference:

Overview of the Electric Vehicle Shares Company List in India 2024

Bajaj Auto

Bajaj Auto Limited, a well-established Indian multinational in two- and three-wheelers since 1945, is recognized for its diverse and affordable motorcycles, scooters, and auto-rickshaws. While primarily involved in internal combustion engine vehicles, the company is now exploring the electric two-wheeler category, staying abreast of industry trends.

Tata Motors

Tata Motors is a big Indian car company known globally. It's part of the Tata Group and makes various vehicles like trucks, buses, and cars. They're making strides in electric cars, like the Nexon EV, helping the electric vehicle (EV) industry grow. Tata Motors is committed to sustainable transport and is a key player in India's expanding EV market. They're working on both traditional and electric vehicles, aiming for a balanced automotive future.

Hero Motercap

Hero MotoCorp, the world's largest motorcycle and scooter manufacturer based in India, known for affordable and fuel-efficient bikes, has a significant market share. Formerly Hero Honda, it transitioned into an independent company in 2011. While excelling in internal combustion engine vehicles, Hero MotoCorp is now venturing into electric mobility with plans for electric two-wheelers, maintaining a strong presence in India's competitive two-wheeler sector.

Mahindra and Mahindra

Mahindra & Mahindra, a major Indian company, is a big name in making cars, tractors, and aerospace products. They are famous for their diverse range of vehicles like SUVs, utility cars, and electric automobiles. Mahindra has been a key player in shaping India's automotive industry. They've made notable strides in electric transportation, showcasing products like the eVerito and eKUV100. Committed to sustainability and innovative solutions, Mahindra & Mahindra stands as a driving force in India's automotive sector, adapting to changing customer needs and contributing to the country's move towards eco-friendly transportation.

TVS Moter Company

Tata Motors is a prominent Indian automotive company with a notable presence in the global automobile industry. Known for its diverse portfolio, Tata Motors manufactures a wide range of vehicles, including cars, utility vehicles, and commercial vehicles. The company has played a pivotal role in shaping the automotive landscape in India and beyond. With a focus on innovation and sustainability, Tata Motors has introduced cutting-edge technologies and environmentally friendly initiatives. Noteworthy achievements include advancements in electric and hybrid vehicles, reflecting the company's commitment to providing forward-thinking mobility solutions. As a key player in the automotive sector, Tata Motors continues to contribute to the evolution of the industry, emphasizing quality, performance, and a commitment to a greener future.

Exide Industries

Exide Industries Limited, India's leading electric vehicle (EV) stock, has been a key player in energy storage and automobile batteries since 1947. Specializing in batteries for cars, industries, and uninterrupted power supply systems (UPS), Exide boasts a strong distribution network across various sectors. The company plays a vital role in India's automotive industry, providing reliable and high-performance batteries. With a commitment to quality and innovation, Exide Industries continues to be a major contributor to the country's energy storage and power solutions markets.

Fiem Industries

Fiem Industries Limited, a prominent player in the automotive industry, is recognized for its excellence in lighting and signaling solutions. Established with a commitment to innovation and quality, Fiem has become a trusted name since its inception. With a focus on providing cutting-edge lighting technologies for automobiles, the company has contributed significantly to enhancing safety and aesthetics on the roads. Fiem Industries' dedication to advancement and customer satisfaction solidifies its position as a key player in the automotive lighting sector, shaping the future of road safety and visibility.

Rajratan Global Wire

Rajratan Global Wire, established as a significant player in the automotive sector, specializes in providing innovative solutions in wire manufacturing. With a history rooted in excellence, Rajratan has evolved into a leading supplier of wires for various automotive applications, contributing to the industry's growth. The company's commitment to quality and innovation makes it a trusted name, ensuring reliability and performance in the automotive sector. Explore the potential of Rajratan Global Wire as a noteworthy player in the wire manufacturing landscape.

Olectra Greentech Ltd

Olectra Greentech Ltd is a notable player in the green technology sector, particularly in the field of electric mobility. Established with a commitment to sustainable solutions, Olectra Greentech focuses on manufacturing electric buses and related technologies. With a forward-looking approach, the company contributes to the eco-friendly transformation of public transportation in India. Olectra Greentech Ltd emphasizes innovation and environmental consciousness, making it a noteworthy participant in the evolving landscape of green and electric technologies.

Pricol

Pricol Limited, a prominent player in the automotive industry, has been making significant strides since its establishment. Founded with a commitment to excellence in 1972, Pricol specializes in manufacturing automotive components and solutions. With a focus on innovation and cutting-edge technology, Pricol serves diverse sectors within the automotive landscape. The company's dedication to quality and customer satisfaction has established it as a trusted name in the industry. Pricol's continual pursuit of advancements positions it as a key contributor to the evolving automotive market.

How to Invest in Electric Vehicle (EV) Stocks in India By Choice?

1. Go to the Broking website
2. Sign up by providing basic details name, mobile no. and City.
3. Upload the relevant documents and passport-size photographs.
4. Complete the in-person verification (IPV) to complete the registration process.
5. Courier the POA received on your registered mail ID to the broker's office.
6. The broker verifies the submitted documents.
7. The account gets activated on completion of the verification of the documents.
8. You will receive an email from the company on the activation of your account.

Note:

However, it's important to note that investing in stocks always carries risk, and potential investors should do thorough research and consider seeking advice from financial advisors.