New-age electric vehicle (EV) manufacturers are fast emerging in India. The country is seeing rapid adoption of EVs, with the government’s initiative to promote eco-friendly mobility services and reduce air pollution. The demand for electric cars and hybrids continues to grow as consumers are now more aware of their impact on the environment. Let’s have a look at Best #8 Evergreen Electric Vehicle & Battery Stocks that you can invest in right now…
Top 8 Electric Vehicle and Battery Stocks in India
|Company Name||Business Sector||Market Cap|
|Tata Motors Ltd||EV Manufacturing||1.65 trillion|
|Mahindra & Mahindra Ltd.||EV Manufacturing||Rs 1.57 trillion|
|Hero Motor Corp. Ltd.||EV Manufacturing||Rs 565.10 billion|
|Maruti Suzuki India||EV Manufacturing||$34.76 Billion.|
|Olectra Greentech||EV Manufacturing||Rs 52.36 billion|
|Himadari Specialty Chemical Limited||Battery Manufacturing||Rs 41.62 billion|
|Amara Raja Batteries Limited||Battery Manufacturing||Rs 87.23 billion|
|Exide Industries Limited||Battery Manufacturing||INR 135.49 Billion|
#1 Tata Motors Ltd.
The market cap of Tata Motors is 1.65 trillion INR.
The company is an Indian multinational automotive manufacturer headquartered in Mumbai, Maharashtra. It is the second-largest manufacturer and the largest exporter of commercial vehicles in India.
In 2010, Tata Motors acquired the British luxury car and engineering design firm Jaguar Land Rover (JLR). The company has a robust R&D department focused on EVs.
So far, Tata Motors has launched two of its electric cars- Tata Tigor EV, and Tata Nexon EV and the company has also revealed its two new futuristic EV concepts namely Tata CURVV and Tata Avinya.
and Nexon EV is India’s Best Selling Electric car as of 2022.
These concepts are EV SUVs, including the Tata CURVV and Avinya, which are expected to be launched by 2025.
# 2 Mahindra & Mahindra Ltd.
Mahindra has a market cap of Rs 1.57 trillion.
Focused on manufacturing SUVs and electric vehicles, the company’s electric vehicle division is the second largest in India. It has the largest electric vehicle charging network in India with 1,000 charging stations in six cities.
The company is working on a range of electric vehicles and has already conducted a joint venture (JV) with Toyota to manufacture hybrid electric vehicles.
#3 Hero Motor Corp. Ltd.
The company’s market cap is Rs 565.10 billion.
The company is the largest two-wheeler manufacturer in India and one of the largest in the world. The company manufactures motorcycles, scooters, and mopeds and has a strong presence in the global market. In the last few years, the company has launched many types of electric scooters and bikes. Hero is planning to launch some electric cars as well.
#4 Maruti Suzuki India
Maruti Suzuki has a market cap of $34.76 Billion.
One of the biggest automakers in the country, Maruti Suzuki is another name that is on the list of top electric vehicle company stocks. The company has already launched a few electric cars in the Indian market, including the electric version of the Wagon R.
#5 Olectra Greentech
The market cap of the company is Rs 52.36 billion.
The company is the Indian arm of General Electric (GE) and manufactures electric transformers, circuit breakers, electrical equipment, and primarily electric buses.
Olectra GreenTech offers a variety of electric buses like the K6, K7, and K9. and the company recently unveiled C9 at the EV Expo 2021. The company is also involved in manufacturing charging stations for electric vehicles.
#6 Himadari Specialty Chemical Limited
Himadri has a market cap of Rs 41.62 billion.
Focused on manufacturing specialty chemicals, the company is also a Battery manufacturer and is working on the development of EV batteries.
#7 Amara Raja Batteries Limited
Amara Raja Batteries has a market cap of Rs 87.23 billion.
A technology and innovation-focused company, Amara Raja is one of the top Electric Vehicle Battery Manufactures in India. The company manufactures a wide variety of battery packs for electric vehicles and other products.
#8 Exide Industries Limited
Exide Industries has a market cap of INR 135.49 Billion.
One of the largest manufacturers of batteries in India, Exide has a strong EV business. It manufactures battery packs for electric vehicles and is also involved in its retail business through a joint venture with Tata Motors.
Many companies are investing in the EV sector as they see a huge opportunity in the EV market in the long run. EVs are becoming more popular as they offer huge advantages over conventional vehicles. With the growth of the EV market, there are a lot of opportunities for investors looking to invest in this sector.
So above was the list of top electric vehicles and battery stocks in India that you can buy today.