One of the topics that are well-liked around the globe is electric cars (EV). They are gaining popularity because they help reduce pollution and resource depletion. Electric cars are slowly but surely entering the Indian market. In India, 32 lakh electric vehicles were sold in 2021, a 168% increase over the previous year. It is projected that this number will rise even further. EV stocks are now increasing in India as a result of the car industry’s tremendous surge in innovation. Based on the numerous categories and the market potential for EVs, this piece lists the best EV stocks in India.
If you’re a real-time investor seeking a reliable sector to invest in moving forward, EV Stocks are without a doubt your hot bait. You will be able to benefit financially even while the market declines thanks to India’s EV Stock growth. So let’s look at the Indian market for electric cars and the top Indian EV Stocks that investors should be aware of.
Best EV Stocks in India
The finest electric vehicle stocks in India are listed here. –
|Name of the company
|Current share price
|% Change in share price in last 12 months
|Mahindra and Mahindra
Factors to Take into Account Before Buying EV Related Stocks in India
Before choosing which EV stocks to purchase, keep the following points in mind:
- Beware of the Market Leaders
The car industry in India has expanded significantly and is predicted to do so exponentially going forward. As a consequence, in order to secure high future returns while selecting the finest electric car stocks in India, investors must analyze the industry’s trending firms and the market rivalry.
- Complete investigation
Investigate thoroughly before making an investment in an Indian carmaker. Instead of basing your choice on past data, it’s crucial to understand the potential for the financial growth of the company when investing in EV stocks.
- Check A Company’s M&As (Mergers & Acquisitions)
The phrase “mergers and acquisitions” (M&A) describes the combination of firms or their essential financial assets through financial transactions between organizations. For instance, a firm can fully acquire and absorb another, merge with it to create a new business, seize control of all or a portion of its crucial assets, make a tender offer for its stock, or initiate a hostile takeover. Each of them is an M&A activity. These vast factors must be taken into consideration by an investor in order to create a detailed study of where to park their assets in the market.
- Check the Investments by the Government
The demand-supply balance in the Indian market will likely be determined by the electric car stocks there. The national government has also been vigorously pushing EV drives, notably for in-house production. As a result, there is now a major increase in demand for electric vehicles in India. Furthermore, the sector is ready to grow as a result of collaboration between the Indian government and automakers.
- Don’t Keep Losing Stocks in Your Portfolio
It is impossible to forecast when stock will rebound from a sharp slump. Recognize that it is essential to have a realistic perspective on what is and is not feasible in the stock market. Therefore, to prevent additional losses, recognize your mistake and sell the underperforming stock as soon as you understand it is a part of your portfolio.
The Top Auto Stocks in India for 2022 may also be of interest to you.
Performance Summary of the List of EV Stocks for 2022
1.) Mahindra and Mahindra Ltd. –
It is a firm worth 1.5 billion dollars, and the share price is now 1238.85. The price of the stock has increased by 38.62% during the past year. M&M has introduced a number of EVs, including the eVerito, eSupro, Treo, eAlfa Mini, and e20Plus. In order to increase EV charging, it has also improved its capacity for producing battery packs and made investments in partnerships. The Mahindra Reva, India’s first electric vehicle, was also produced by it.
2) Tata Motors Ltd. –
It is the biggest automaker in India and dominates the market for a variety of vehicle types, from civilian automobiles to defence vehicles. Its market capitalization is at $1.47 lakh crore, and its stock price, currently trading at $412, has climbed by 6.8% over the past year. EV variants of the Nexon, Tigor, Nano, and Tiago, as well as electric buses, are made by Tata Motors. Additionally, it is spending a lot on charging stations. It is a serious contender in the EV market because to its alliances with businesses like Tata ELXSI (for the software), Tata Steel (for the body), and Tata Chemicals (for batteries), as well as its network in Europe and East Asia. This places it unquestionably among the best EV stocks in
3) Olectra Greentech Ltd. –
With a market valuation of $4906 million, this business is really a division of Megha Engineering and Infrastructures Ltd. Its stock, which is presently at 614.50, has increased 20.75% over the last 12 months. With a regenerative braking system in the K9 model that conserves 30% of energy when braking and has quicker charging systems, it has a solid history of producing electric buses. Additionally, it is the exclusive producer of Tarmac electric buses used in airports in India.
4) Ashok Leyland Ltd. –
It is the fourth-largest bus manufacturer in the world and a member of the Hinduja Group, with a market worth of 45,941 crore. Some of its EVs include the Circuit, HYBUS, and Electric Euro 6 Truck, and it has plans to increase EV exports. Its share price currently stands at 159.65 after rising 17.22% over the previous 12 months.
6) Hero Motocorp Ltd. –
The corporation has developed its own EV brand called “Vida” and released an electric scooter. With a market worth of $52,875 million, its current share price is $2624.95, but over the last year, that price has fallen by 8.47%. (although the launch of a new EV is set to increase its share price in the coming months).
In addition to the aforementioned businesses that are engaged in the actual production of EVs, there are other businesses like Exide and Tata Chemicals that manufacture batteries for EVs, as well as Tata Power Co. Ltd. and Power Grid Corporation of India Ltd. that will play a crucial role in the development of infrastructure for EVs in the years to come, such as charging stations. They might be seen as being connected to some of the best EV stocks in India.
India should prepare for a number of new businesses to enter the market as the EV industry is growing quickly. However, it is always advised to conduct research before purchasing any stock as an investor.
1. Which Indian firms sell electric 2-wheelers?
Electric 2-wheeler vehicles are offered by a number of manufacturers in India. Hero Electric, Okinawa, Ampere, Ather, PUREV, Ola, TVS, Revolt, Benling, Bajaj, and many more.
2. What Indian firms provide electric four-wheeled vehicles?
In India, there are a number of producers of four-wheeled electric cars. Other well-known brands are Hyundai, Ultraviolette Automotive, Mahindra Electric, and Tata Motors.
3. How many EV batteries are there in India?
Exide Industries, Amara Raja Batteries, Tata Chemicals, Hero MotoCorp, Maruti Suzuki, Himadri Speciality Chemicals Ltd., and others are some of the electric vehicle battery companies with shares in India.
4. How many EV charging stations are there in India?
Some of the EV charging stocks in India include Tata Power Company Ltd, Power Grid Corporation of India Ltd, and Indian Oil Corporation Ltd (IOCL), among others.
Only education-related content is posted on this site. These securities are merely being used as examples and are not being suggested.