Electric vehicles (EVs) are fueled by electricity, making them environmentally friendly and highly efficient.
The transition to electric vehicles (EV) is gaining momentum worldwide, driven by their superior performance and commitment to sustainability.
This global shift toward renewable energy boosts the production of the EV industry, increasing the demand for EV stocks.
From Tesla Robotaxy to Mahindra BE 6e, almost every automobile company is inventing EV vehicles.
Not only in its efficiency but electric vehicles eliminate the worries of pollution and give us a green and clean future.
Because of this recent trend, it’s a good time to invest your hard-earned money in some of the best EV stocks in India to buy in 2025.
So, if you are searching for some reputable EV stocks for your upcoming investment plan, this guide will assist you in building a robust financial plan for your future.
In this guide, we reveal some of the top-performing EV stocks currently available in the market.
Best EV Stocks in India To Buy Now
Here is a list of selected EV stocks you should consider for your investment:
- Mahindra & Mahindra
- Tata Motors
- TVS Motor Company
- Maruti Suzuki India
- Bajaj Auto
#1 Mahindra & Mahindra
Established in 1945, Mahindra & Mahindra is a reputed multinational company in the automobile sector. Recently, Mahindra released its latest SUV coupe electric vehicle, the Mahindra BE 6e. With a market cap of INR 3.12 lakh crore, Mahindra has made significant strides and is now preparing to emerge as a dominant player in the electric vehicles (EV) market. So, in the upcoming future, you can expect an increase in demand for Mahindra & Mahindra EV stocks.
#2 Tata Motors
Tata Motors is one of the most prominent companies in the automobile sector, offering different types of vehicles, such as passenger vehicles, EVs, defense vehicles, and commercial vehicles. With the launch of the Nexon EV model, Tata has already established a strong foothold under the category of best EV stocks in India. Tata Motors provides eco-friendly transportation options that produce zero pollution while delivering high performance. According to analysts, this will positively impact Tata Motor’s stock performance in the future.
#3 TVS Motor Company
Known for producing two- and three-wheelers, TVS Motor Company is a well-established automobile company. Whether it’s the Apache Series RTR, TVS Radeon, or TVS Sport, TVS Motor Company has launched many highly efficient vehicles. With the launch of the TVS iQube e-scooter, TVS entered the EV industry and is planning to launch more EVs in the future.
With the increasing demand for e-scooters, the iQube gained a market share of 19% from TVS Motor and secured the second spot after the Ola Electric vehicle. As per the reports, TVS iQube set a new benchmark by achieving sales of 187,181 units, which is 216% higher than CY22. Because of these impressive sales, TVS Motor Company is considered one of the best EV stocks in India to buy in 2025. According to the CEO and Director of TVS Motor Company, KN Radhakrishnan, they plan to launch another electric scooter by March 2025.
#4 Maruti Suzuki India
As India’s largest passenger car manufacturer, Maruti Suzuki India has produced various car models. The company has launched a diverse range of vehicles, including the Baleno, Celerio, WagonR, Swift, Eeco, and XL6. However, it has not yet launched any electric vehicle (EV) vehicle. According to reports, Maruti Suzuki plans to launch its first electric vehicle in 2025, with a battery pack of 60kWh and a capacity range of 550 km per charge. For their upcoming electric vehicle (EV) productions, the company plans to invest INR 1.25 lakh crore by the end of FY31. So, now is the best time to invest in Maruti Suzuki India stocks to secure good returns in the future.
#5 Bajaj Auto
From selling 8,187 units of the Bajaj Chetak in FY22 to 36,260 units in FY23, Bajaj Auto has become another profitable best EV stock in India. Overall, Bajaj Auto saw a 342.89% hike in sales. The reason is simple, nowadays, people prefer sustainable transportation options. If talk about its financial year 2024 (FY24), this year Bajaj Auto sold 106,431 units of the Bajaj Chetak, setting an extremely high sales record. So, we can expect that in the future, Bajaj Auto will dominate the top position in the EV stock market. It’s a great opportunity to consider this for your upcoming stock investment.
Wrapping Up
Investing in stocks kind be a risky game, so it is important to consider reputed companies that have been in the field for a long time. Additionally, several factors you should consider before investing in these 5 best EV stocks in India, such as revenue growth, production capacity, customer base, product portfolio, and net revenue. By analysing these factors, you can evaluate the credibility and authenticity of a company before investing in EV stocks in India. With increasing efforts to make India sustainable and eco-friendly, the electric vehicle (EV) market is growing rapidly and presents lucrative investment opportunities.
Frequently Asked Questions
Q1. Who is the leader of EV market in India?
Ans. With more than 65% of the market share, Tata Motors is the leading player in the Indian EV market. According to reports, Tata Motors marked an 80% increase in EV sales in FY2024 as compared to FY2023.
Q2. Which is the best EV stock to buy in India?
Ans. Here is a list of some of the most profitable EV stocks to buy in India:
- Mahindra & Mahindra
- Tata Motors
- TVS Motor Company
- Maruti Suzuki India
- Bajaj Auto
Q3. Is it worth investing in EV?
Ans. In 2023, approximately 250,000 electric vehicles (EVs) were sold worldwide. The increased popularity of EVs is driven by two primary factors: their sustainable way as a mode of travel and their cost-effectiveness compared to petrol vehicles.
Q4. Which is the No 1 EV company in India?
Ans. Currently, Tata Motors, Bajaj Auto, and Mahindra Electric vehicles compete and dominate the Indian EV market. We can’t say, which one is in the top position but sales records indicate that Tata Motors is the top EV producer in India.
READ MORE: 10 Passive Income Ideas in India to Become Financially Strong
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