The table below represents the Best EV Stocks in India based on market cap.
| Stocks | Market Cap | Closing Price |
| Tata Motors Ltd | 3,80,439.19 | 1,039.30 |
| Maruti Suzuki India Ltd | 3,61,878.93 | 11,510.05 |
| NTPC Ltd | 3,41,516.58 | 352.20 |
| Power Grid Corporation of India Ltd | 2,72,182.17 | 292.65 |
| Bajaj Auto Ltd | 2,51,436.72 | 8,879.05 |
| Indian Oil Corporation Ltd | 2,46,556.82 | 174.60 |
| Mahindra and Mahindra Ltd | 2,27,205.48 | 1,897.55 |
| TVS Motor Company Ltd | 1,07,355.44 | 2,259.70 |
| Eicher Motors Ltd | 1,03,642.28 | 3,785.25 |
| Ashok Leyland | 50,225.88 | 171.05 |
Explore the Best EV Stocks in India by delving into this blog. Gain valuable information on the EV Stocks industry and investment opportunities.
Best EV stocks in India are emerging as game-changers in the automotive and investment landscape. As the country accelerates its shift towards sustainable transportation, these companies stand at the forefront of innovation and growth. Investors looking to tap into the electric revolution will find a dynamic market ripe with opportunities, from established giants to promising startups transforming the way India moves.
Why invest in EV stocks? Unravel the factors that make them a compelling option for investors seeking innovative opportunities.
Tata Motors Ltd
Tata Motors is a global automotive manufacturer with segments including commercial and passenger vehicles, Jaguar Land Rover, and vehicle financing. Other operations encompass IT services and automation solutions. Their diverse portfolio ranges from small commercial vehicles to luxury brands.
Maruti Suzuki India Ltd
Maruti Suzuki India Limited specializes in manufacturing, selling, and servicing motor vehicles and components. Their focus is on passenger and commercial vehicles, with aftermarket parts and accessories also offered. They facilitate pre-owned car sales, fleet management, and car financing. Vehicles are distributed through NEXA, Arena, and Commercial channels, with notable models like Baleno and Vitara Brezza. Services include finance, insurance, rewards, subscription, and driving school.
NTPC Ltd
NTPC Limited, an Indian power-generating company, primarily sells bulk power to State Power Utilities. Its segments include Generation and Others, with the former focused on power generation and sales, and the latter on consultancy, project management, energy trading, and coal mining. Operating 89 power stations across India independently or through joint ventures and subsidiaries like NTPC Vidyut Vyapar Nigam Limited and THDC India Limited.
Power Grid Corporation of India Ltd
Power Grid Corporation of India Limited is a power transmission company specializing in planning, implementing, operating, and maintaining Inter-State Transmission Systems (ISTS), telecom, and consultancy services. Its segments include Transmission Services, Consultancy Services, and Telecom Services. It transmits bulk power across states via extra high voltage/high voltage networks, offers consultancy in transmission, distribution, and telecom sectors, and utilizes spare optical fibers for telecom services. Its Smart Grid enables real-time monitoring and control of the power system.
Bajaj Auto Ltd
Bajaj Auto Limited, based in India, manufactures two-wheelers, three-wheelers, and quadricycles, and distributes automobiles and parts. Its segments include Automotive, Investments, and Others. Motorcycle models include Boxer, Pulsar, and Chetak. Commercial vehicles comprise Passenger and Goods Carriers. Geographically, it operates in India and globally. Plants include Waluj, Chakan, and Pantnagar. Overseas subsidiaries include PT Bajaj Auto Indonesia and Bajaj Auto International Holdings BV.
Indian Oil Corporation Ltd
Indian Oil Corporation Limited, an Indian oil company, operates in segments including Petroleum Products, Petrochemicals, and Other Business Activities. The latter covers gas, oil exploration, explosives, renewable energy, and more. Its operations span the hydrocarbon value chain, from refining to marketing, with subsidiaries like Chennai Petroleum Corporation Limited and Lanka IOC PLC.
Mahindra and Mahindra Ltd
Mahindra and Mahindra Limited, based in India, offers farm equipment, utility vehicles, IT, and financial services. Segments include Automotive, Farm Equipment, Financial Services, and Industrial Businesses & Consumer Services. They provide a range of products from SUVs to electric vehicles and serve various industries including aerospace, agribusiness, and real estate.
TVS Motor Company Ltd
TVS Motor Company Limited manufactures motorcycles, scooters, mopeds, and three-wheelers, along with parts and accessories. Its product lineup includes popular models like Apache, Jupiter, NTORQ, and Scooty Pep+. The company also offers electric vehicles like the TVS iQube and features the TVS ARIVE app for an interactive vehicle experience. Operating approximately four manufacturing facilities, TVS is a prominent player in the Indian automotive market.
Eicher Motors Ltd
Eicher Motors Limited, an Indian automobile company, operates primarily in the automotive segment. It manufactures and sells motorcycles, spare parts, and related services under its flagship brand, Royal Enfield, offering models like Interceptor 650 and Himalayan. Additionally, it has a commercial vehicle business through VE Commercial Vehicles Limited, a joint venture with AB Volvo, producing Eicher-branded trucks and buses.
Ashok Leyland
Ashok Leyland Limited, an Indian automobile manufacturer, engages in manufacturing, sales, vehicle and housing finance, IT services, and commercial vehicle-related services. Its segments include Commercial Vehicles and Financial Services. Product categories encompass trucks, buses, and light vehicles, while power solutions include engines for various applications. Additionally, the company produces defense vehicles like armored and tactical vehicles.
Investing in the Future: Uncover the Best Thematic Mutual Funds Through Our Detailed Alice Blue Exploration!
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time.
