India is now the third-largest auto market worldwide and is seeing a big jump in electric vehicle (EV) use. This is because of growing worries about the environment. The government sees electric cars as a way to cut down on emissions and make the air cleaner. They aim for 30% of all cars to be electric by 2030.
This has led to a big increase in the electric vehicle market in India. Policies like the Electric Mobility Promotion Scheme (EMPS) 2024 have helped a lot. In this article, we’ll look at the best ev stocks in India, what they offer, and how to invest in them for the electric future.
Key Takeaways
- India is a rapidly growing market for electric vehicles, with government support and favorable policies driving the industry’s expansion.
- The Indian EV market is projected to grow from $2 billion in 2023 to $7.09 billion by 2025, with a target of 10 million annual sales by 2030.
- Leading Indian companies in the ev stocks in india market include Tata Motors, Mahindra and Mahindra, and Hero MotoCorp, among others.
- Battery manufacturers like Exide Industries and Amara Raja Energy & Mobility are crucial players in the EV supply chain.
- Copper and chemical companies such as Hindustan Copper and Himadri Speciality Chemical are enabling the adoption of electric vehicles in India.
Introduction to EV Stocks in India
The indian ev market is growing fast, expected to jump from US$2 billion in 2023 to US$7.09 billion by 2025. It aims for 10 million annual sales by 2030. EVs currently make up just 1.3% of car sales but the ev market in india has huge potential. Over a million EVs were sold in FY 2022-2023, and the industry is set to reach $113.99 billion by 2029.
This growth makes ev stocks in india more interesting. Companies like Tata Motors, Exide Industries, and Power Grid Corporation are leading the way.
Overview of the Indian Electric Vehicle Market
The india electric vehicle sector is changing fast, thanks to government support, new tech, and more people knowing about EVs. India wants 30% of cars to be electric by 2030, which has brought more money and new ideas into the indian ev industry outlook. Companies are making more EVs, improving batteries, and setting up charging stations to meet demand.
Advantages of Investing in EV Stocks
Investing in ev stocks in india has many benefits. The ev market in india is growing fast, offering big chances for EV companies and opportunities in ev stocks in india. It also matches global efforts to use cleaner transport, making ev stocks india a good choice for investors who care about the planet.
The Indian government is also helping by supporting electric cars with policies and incentives. This makes investing in indian ev stocks a smart move for the future.
Company | Market Cap (Rs. cr) | Monthly Return | 1-Year Return | 52-Week High |
---|---|---|---|---|
Tata Motors Ltd | 3,68,302.35 | 3.03% | 59.42% | 6.23% |
HBL Power Systems Ltd | 17,215.19 | 16.38% | 266.51% | 10.24% |
Panasonic Energy India Co Ltd | 425.18 | 7.75% | 70.68% | 8.48% |
Goldstar Power Ltd | 316.53 | -9.12% | 189.01% | 77.57% |
Exide Industries Ltd | 46,486.50 | -4.46% | 114.91% | 13.43% |
Amara Raja Energy & Mobility Ltd | 28,019.35 | 9.94% | 144.92% | 16.01% |
The data shows how well leading indian ev stocks are doing. It highlights the growth and chances for investors in this exciting sector.
Key Players in the Indian EV Industry
India’s electric vehicle (EV) industry is booming, with top car makers making big moves. Tata Motors EV, Mahindra EV cars India, and Maruti Suzuki electric cars India are leading the way. They are changing the future of electric cars in India.
Tata Motors Ltd
Tata Motors is a leader in India’s EV market. It has launched successful electric models like the Tata Motors electric car Nexon EV and Tigor EV. The company plans to grow its Tata EV models India lineup and build a strong EV network. It aims to sell 65,000-70,000 EVs by 2024, showing a big increase in demand.
Tata Motors also wants to offer electric cars that go 600 km on one charge. This will make its Tata Motors electric vehicles even more appealing to customers.
Mahindra and Mahindra Ltd
Mahindra & Mahindra is a big name in Mahindra electric vehicles India. It offers the e-Verito and e2o models. The company is investing in new EV tech and infrastructure. It’s set to be a key player in making India’s roads more electric.
Maruti Suzuki India Ltd
Maruti Suzuki, India’s top car maker, has joined the EV market. It plans to launch its first Maruti Suzuki electric car by 2025. With its strong position in the Indian car market, Maruti Suzuki’s move into Maruti Suzuki EV models will help push electric cars forward in India.
Battery Manufacturers Powering EV Growth
The electric vehicle (EV) market in India is growing fast. Leading companies like Exide Industries Ltd. and Amara Raja Energy & Mobility Ltd. are investing big to be part of it. They want to make their mark in the EV battery market.
Exide Industries Ltd.
Exide Industries Ltd. is a well-known name in batteries. It’s now focusing more on exide industries ev batteries and exide industries electric vehicle batteries. The company plans to spend ₹60 billion on a new Li-Ion cell plant. This move shows its big plans for the exide industries ev battery manufacturing sector.
This new plant will help Exide Industries become a key player in the EV battery market. It’s ready to meet the growing demand for electric vehicles.
Amara Raja Energy & Mobility Ltd.
Amara Raja Batteries Limited is also stepping up its game in EV batteries. It’s now focusing on amara raja batteries ev, amara raja lithium ion battery, amara raja ev battery pack, and amara raja ev charging solutions. The company is investing ₹95 billion in a new plant in Telangana. This plant will have a 16 GWH capacity, showing Amara Raja’s big plans for the amara raja energy and mobility market.
Company | Market Cap (as of June 10, 2024) | Revenue Growth (CAGR) | Net Income Growth (CAGR) |
---|---|---|---|
Exide Industries Ltd. | ₹40,353 crores | (-28.50%, 23.30%, 18.30%) | 5.27% – 7.08% |
Amara Raja Batteries Ltd. | N/A | 8.91% | 20.7% (RoCE), 15.1% (RoE) |
Exide Industries and Amara Raja Batteries are betting big on the Indian EV battery market. They see a huge Rs 180 billion opportunity. As more electric vehicles hit the roads, these companies will be key to the sustainable mobility future.
Copper and Chemical Companies Enabling EV Adoption
The electric vehicle (EV) industry is growing fast in India. Companies like Hindustan Copper Ltd and Himadri Speciality Chemical Ltd are key to this growth. They make products and take steps that help electric vehicles become a reality.
Hindustan Copper Ltd: Powering the EV Ecosystem
Hindustan Copper Ltd is a government-owned company that supplies to the EV sector. Copper is crucial for EVs, used in motors and wiring. As India’s main copper producer, Hindustan Copper is a big player in the EV world.
In 2019, it teamed up with other companies to look into and develop lithium mines. This move boosted its role in the EV industry and supply chain.
Himadri Speciality Chemical Ltd: Innovating for EV Growth
Himadri Speciality Chemical Ltd leads in EV research and development. It’s a leader in making lithium-ion battery anodes in India. Their products range from specialty carbon black to new energy materials.
Recently, Himadri planned to invest ₹4,800 crore in making lithium-ion battery parts. This move will strengthen its role in the EV supply chain.
Companies like Hindustan Copper and Himadri Speciality Chemical are crucial for India’s EV growth. Their investments and innovations are key to a sustainable and advanced future for transportation.
Emerging Players in EV Infrastructure
The electric vehicle (EV) market in India is growing fast. Companies like Servotech Power Systems Ltd and Graphite India Ltd are leading the way in EV infrastructure. They are making big moves to support the growth of EVs.
Servotech Power Systems Ltd
Servotech Power Systems is a top name in solar products in India. They’re now stepping into the EV sector. They plan to open an EV plant in Uttar Pradesh that will make 10,000 servotech power systems ev chargers a year. This will cost ₹3 billion and will help Servotech grow its manufacturing and research.
They’ve also applied for two patents for new EV charger technology. This will make charging faster. Servotech aims to set up 5,000 servotech power systems ev charging stations in the next 2-3 years through its subsidiary, Servotech EV Infra.
Graphite India Ltd
Graphite India Ltd is a key player in the EV world. They make graphite electrodes, which are vital for EVs. These electrodes help batteries and other EV parts work better and last longer.
Recently, Graphite India put ₹50 crore into Godi India Private Ltd. This company focuses on sustainable battery tech for EVs and energy storage. This move shows Graphite India’s push into new battery technologies. It’s a big step towards growing the graphite india ev and energy storage sectors.
EV Charger Manufacturer | AC Charger Power Output | DC Charger Power Output |
---|---|---|
Delta Electronics India | 3.12 kW to 22 kW | 15 kW to 150 kW |
Quench Chargers | 7.5 kW to 22 kW | 30 kW to 240 kW |
Mass-Tech | N/A | 10 kW to 200 kW |
ABB India | 3 kW to 350 kW+ | 3 kW to 350 kW+ |
Exicom | 1.1 kW to 22 kW | 15 kW to 200 kW |
Amara Raja | 3.3 kW to 22 kW | 30 kW to 350 kW |
P2 Power Solutions | 3 kW to 22 kW | 15 kW to 200 kW |
Griden Power | 3.3 kW to 22 kW | 30 kW to 120 kW |
“The growth of the EV sector in India has been remarkable, and companies like Servotech Power Systems and Graphite India are playing a crucial role in building the necessary infrastructure to support this transition.”
List of EV Stocks with Strong Fundamentals
Choosing the best EV stocks in India means focusing on companies with strong basics. Look for profits, positive cash flow, market leadership, growth, and sustainable practices. This helps ensure your EV stocks grow with the sector and stay stable through market ups and downs. By picking EV companies with strong basics, investors can make a diverse and reliable portfolio in the Indian electric vehicle market.
As of 24-Jul-2024, there are 24 top EV stocks in India. These stocks show various financial strengths, giving investors many options. Let’s look at some top performers:
- Tata Motors Ltd, with a valuation of 1,001 and a percentage change of -0.15%, is a strong EV stock in India. It leads the market and has a wide product range.
- Bharat Electronics Ltd, valued at 301.5 with a percentage change of -3.55%, is a EV stock with solid financials in India. It helps grow the EV sector with its special components and services.
- Tata Power Company Ltd, with a valuation of 416.4 and a percentage change of -1.86%, is among the best EV stocks based on financials in India. It combines power generation skills with EV infrastructure investments.
- Hero MotoCorp Ltd, valued at 5,512 with a percentage change of 0.87%, is a top EV stock with strong balance sheets in India. It uses its brand and manufacturing to boost EV use.
These examples show some of the EV stocks with good fundamentals in India. By looking at their finances, growth, and market position, investors can find the best investment chances in the growing Indian EV market.
Company Name | Valuation (in crores) | Percentage Change |
---|---|---|
Bosch Ltd | 34,002 | -0.39% |
Bharat Forge Ltd | 1,596 | -1.83% |
Exide Industries Ltd | 546.5 | -0.07% |
Sona BLW Precision Forgings Ltd | 700.0 | -0.99% |
Endurance Technologies Ltd | 2,537 | -1.28% |
These companies, along with others, are among the fundamentally strong EV stocks in India. They offer a solid base for building a resilient portfolio in the fast-changing EV sector.
List EV Stocks with Impressive Growth Potential
The Indian electric vehicle (EV) market is growing fast. It’s key to find stocks that show strong growth potential. These ev stocks with high growth potential india are set to benefit from the growing demand for green transport and government support for EVs.
Tata Motors Ltd. is a top pick, leading the Indian auto industry with a 19% Compound Annual Growth Rate (CAGR). With a wide range of EVs like the Nexon EV and upcoming Curvv models, Tata Motors is likely to stay ahead in the fastest growing ev stocks in india.
Mahindra & Mahindra Ltd. also stands out, with a 10% CAGR. It’s a strong choice for investors looking at the long term. The company is committed to electric vehicles, offering models like the eXUV300 and new electric SUVs, showing its growth plans.
Company | CAGR | Dividend Yield | Market Cap |
---|---|---|---|
Tata Motors Ltd. | 19% | N/A | ₹ 3,62,135 Cr |
Mahindra & Mahindra Ltd. | 10% | N/A | ₹ 3,59,783 Cr |
Olectra Greentech Ltd. | 49% | 0.03% | N/A |
Ashok Leyland Ltd. | N/A | 1.45% | N/A |
Olectra Greentech Ltd. is another exciting option, with a 49% CAGR. Its focus on electric buses and strategic moves, like buying a stake in ‘Evey Trans (MAH)’, hint at its strong ev stocks with huge earning potential india.
For investors wanting growth and income, Ashok Leyland Ltd. is worth a look. It offers a 1.45% dividend yield, making it a stable choice in the ev stocks with high growth potential india.
“The future of transportation is electric, and investing in the right EV stocks can unlock significant growth opportunities for savvy investors.”
EV Stocks in India
The Indian electric vehicle (EV) market is booming with a wide range of stocks. Each stock offers investors a chance to profit from India’s move to sustainable transport. From big car makers to new battery and charging station companies, these EV stocks in India are leading the electric car movement.
Tata Motors Ltd: Powering Ahead
Tata Motors is a big name in the Indian EV market. It has a market value over ₹1 trillion and saw a 13.27% jump in net sales last year. The company expects EV sales to grow by 60-70% in 2024, aiming for 65,000 to 70,000 units.
Mahindra and Mahindra Ltd: Driving Sustainable Mobility
Mahindra and Mahindra leads in India’s EV revolution. With a market value over ₹3.37 trillion and a 9.52% rise in net sales, it’s set to benefit from the growing EV demand.
Maruti Suzuki India Ltd: Embracing the Electric Future
Maruti Suzuki, India’s top car maker, is stepping up in the EV sector. It saw a 19.43% increase in net sales, hitting ₹38,471 crore in the fourth quarter of 2024. This shows its strong commitment to electric vehicles.
These leading EV stocks in India are key players in the electric vehicle shift. They give investors a chance to be part of India’s sustainable transport journey. As the most traded EV stocks in India, they’re set to grow and strengthen their spots as popular EV stocks to invest in India.
“The future of mobility is electric, and these top EV stocks in India are driving the charge towards a sustainable tomorrow.”
Investing in Small Cap EV Stocks
The electric vehicle (EV) revolution is growing fast in India. Savvy investors are looking for new ways to make money from this trend. List of Top Small Cap EV Stocks are as below:
- CONCORD CONTROL
- UNIPARTS INDIA
- MINDA CORPORATION
- RAMKRISHNA FORG
- FIEM INDUSTRIES
- GRAPHITE INDIA
- GABRIEL INDIA
- LUMAX IND
List of EV Penny Stocks in India
The electric vehicle (EV) revolution is growing fast in India, offering new chances for investors. This includes both big EV companies and smaller ones with lower prices. These smaller companies, known as EV penny stocks, could see big gains.
Ev penny stocks india are riskier but could bring big rewards for those who do their homework. Here are some cheap ev stocks in india and low price ev stocks india to consider:
- Amara Raja Energy & Mobility Ltd: A leading battery maker with a market value of ₹16,314 crores. It offers a 0.68% dividend yield and a 14.8% return on equity.
- HBL Power Systems Ltd: This company makes power electronics and energy storage solutions. It has a market value of ₹12,999 crores, a 13.7% return on capital employed, and its stock price has grown by 368% over the last year.
- Panasonic Energy India Co Ltd: A part of the Japanese electronics giant, it has a market value of ₹404 crores and a -6.86% return on capital employed, showing some challenges.
- Indo National Ltd: A smaller company with a market value of ₹470 crores, offering a 0.8% dividend yield and a -2.49% return on equity.
- Goldstar Power Ltd: A stable company with a market value of ₹341 crores and a positive cash flow.
For those looking at undervalued ev stocks india and ev micro cap stocks india, be careful. Penny stocks can be very volatile. It’s important to research well, spread out your investments, and manage risks carefully.
Company | Market Cap (₹ crores) | Dividend Yield (%) | ROE (%) | 1-Year CAGR (%) |
---|---|---|---|---|
Amara Raja Energy & Mobility Ltd | 16,314 | 0.68 | 14.8 | N/A |
HBL Power Systems Ltd | 12,999 | 0.10 | 13.7 | 368 |
Panasonic Energy India Co Ltd | 404 | N/A | -6.86 | N/A |
Indo National Ltd | 470 | 0.8 | -2.49 | N/A |
Goldstar Power Ltd | 341 | N/A | N/A | N/A |
The Indian EV market is growing, making ev penny stocks india an interesting option. But, it’s important to be careful and do your homework to handle the risks.
“Investing in EV penny stocks requires a delicate balance of risk and reward. Thorough research, diversification, and prudent risk management are essential to capitalize on the potential of this dynamic market segment.”
Key Features of the Best EV Stocks
The Indian electric vehicle (EV) market is growing fast. Investors looking for top EV stocks should focus on a few key things. First, the company’s financial health is crucial. Look for profits, positive cash flow, and a solid balance sheet. A stable EV company can handle challenges and grab new chances.
Second, pick EV companies that lead the Indian EV market. These companies usually have strong brands and a wide range of products. This means they can meet changing customer needs and stay ahead.
- Impressive Growth Potential: The best EV stocks in India should show strong growth ahead. This can come from expanding fast, bringing new tech, and adapting to the EV market changes. This growth could mean big gains for investors.
- Commitment to Sustainability: More people care about the planet, so investors might want EV companies that focus on being green. These companies are more likely to do well as the world moves towards being more eco-friendly.
By looking at these features, investors can find the best EV stocks in India. As the EV market changes, knowing which stocks are doing well is key to making smart choices.
Company | Market Cap (Crores) | P/E Ratio | Stock Price Range (₹) |
---|---|---|---|
HBL Power Systems Ltd | 14,118 | N/A | 612.00 – 143.85 |
Olectra Greentech Ltd | 14,466 | N/A | 2,222 – 907.60 |
Tata Motors Ltd | 3,58,530 | N/A | 1,065.60 – 557.45 |
Hindustan Copper Ltd | 32,289 | N/A | 415.60 – 112.35 |
Vedanta Ltd | 1,74,802 | 13.49 | 506.85 – 207.85 |
The table shows some top EV stocks in India, with their market size, P/E ratios, and price ranges. These details help investors find great investment chances in the fast-growing Indian EV market.
“The Indian electric vehicle (EV) industry is set to grow to 531,750 million rupees by 2025 from two billion rupees in 2023, showcasing the tremendous potential for investment in this sector.”
Analysis of EV Stock Performance
Looking at electric vehicle (EV) stocks in India, the 1-year return is key. It shows how much the stock has grown and what investors think of the company. Stocks like Bajaj Auto, NTPC, TVS Motor Company, Power Grid Corporation of India, and Mahindra & Mahindra have done well. They show the electric vehicle sector’s promise and how some companies are doing great.
Price-to-Earnings Ratios
The Price-to-Earnings (P/E) ratio is important for EV stocks in India. It tells us if a company’s stock is priced fairly. Stocks like Tata Motors, Indian Oil Corporation, and NTPC have lower P/E ratios, meaning they might be cheaper than they should be.
On the other hand, TVS Motor Company, Eicher Motors, and Maruti Suzuki India have higher P/E ratios. This could mean they are more expensive. It’s important to look at the P/E ratio with a company’s growth and financials in mind. This helps investors make better choices in the EV market.
FAQ
What is the current state of the electric vehicle (EV) market in India?
The EV market in India is growing fast. It’s expected to jump from US$2 billion in 2023 to US$7.09 billion by 2025. The goal is to sell 10 million EVs a year by 2030. Even though EVs only made up 1.3% of car sales in 2022, the market is huge, with over a million EVs sold in FY 2022-2023. Experts predict the market will reach $113.99 billion by 2029.
What are the advantages of investing in EV stocks in India?
Investing in EV stocks in India has many benefits. The market is growing fast thanks to government support, new technology, and more people learning about EVs. It also fits with global efforts to use cleaner transport, making it a good choice for investors who care about the planet. The Indian government is helping the EV sector grow with policies and incentives.
What are some of the key players in the Indian EV industry?
Top EV stocks in India include Tata Motors, Mahindra & Mahindra, and Maruti Suzuki. They are leading the EV market. Companies like Exide Industries and Amara Raja Batteries are also key, as are copper and chemical companies like Hindustan Copper and Himadri Speciality Chemical. They help make the EV ecosystem grow in India.
What are some emerging players in the EV infrastructure space in India?
Servotech Power Systems Ltd and Graphite India Ltd are new players in the EV infrastructure in India. Servotech is moving into the EV sector, planning to make an EV plant and set up charging stations. Graphite India is getting into advanced battery tech for EVs and energy storage.
How can investors gain exposure to the EV sector in India?
Investors can get into the EV sector in India through special investment products called smallcases. Options like the Electric Mobility smallcase and the Green Energy smallcase let investors spread their risk and benefit from the EV industry’s growth.
What are some EV penny stocks in India that investors can consider?
Some EV penny stocks in India are Amara Raja Energy & Mobility Ltd, HBL Power Systems Ltd, Panasonic Energy India Co Ltd, Indo National Ltd, and Goldstar Power Ltd. Before investing, it’s important to research these companies well, look at their basics, and spread your investments to handle the risks of penny stocks.
What are the key features to consider when selecting the best EV stocks in India?
When picking the best EV stocks in India, look at their finances, market leadership, growth chances, and commitment to green practices. Also, check their 1-year returns and Price-to-Earnings ratios to understand their value and performance.
Disclaimer: This Blog is not providing any Buy, sell or hold recommendation, Even if any of the above sentence are express it, its just a personal view. Its owner, creator & contributor is neither a Research Analyst nor an Investment Advisor and expressing opinion only as an Investor in Indian equities. He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog. Investors are advised to do own due diligence and/or consult financial consultant before acting on any such information. Author of this blog not providing any paid service and not sending bulk mails/SMS to anyone.
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