Top 5 EV Stocks to Buy in India?

Electrical Vehicles which have emerged as a game changer in the automotive industry, have promised a cleaner and greener future along with fulfilling the agenda of sustainability. These vehicles, because of absence of tailpipe, do not produce any harmful gases like hydrocarbons and carbon monoxide. Their popularity and adoption has seen a significant rise all over the world and India, which is a developing economy, is at the forefront of this global shift towards sustainable transportation. The Indian market has been bombarded with multifarious key players in the EV market, which have led to increase in innovation, sales, and adoption.

MyEVPoint, a charging station provider company, has established itself as a preeminent in the market by providing state-of-the-art charging infrastructure. Their charging points are located at various strategic locations all over India, adding convenience to the lives of the people.

There are many other providers also, however providers like Tata Motors have established themselves as the best EV stocks in India, attracting investors towards them. In this blog post, we will discuss top 5 EV stocks in India.

Tata Motors:

Tata Motors, which is a leading automobile company in India, has contributed a lot in promoting green energy and has become one of the forerunners in the electric vehicle revolution. This company has introduced multiple types of electrical vehicles in the market and has given contributions in fulfilling the agenda of sustainable development.

Their electric vehicle’s range  includes:

• Tata Nexon 

• Tigor 

• Altroz

The most successful among all these is Tata Nexon EV, it is a compact SUV, as it has gained a lot of attraction from the customers, especially the ones, who wanted EV at an affordable price. 

If we talk about investing in Tata Motors, it must be mentioned that the performance of the company and its consistency has helped it gain the confidence of many investors especially the ones who wanted to invest in electric vehicles charging stations. Their market capitalisation has been highest among all others that is 2,31601 crores.

Hero MotorCorp:

They have also been successful in establishing themselves as the top most players in the EV market.  Their dominating area is basically two-wheelers. They are the ones who have played a crucial role in the development and growth of electric scooters and motorcycles. They knew the importance of introducing electric scooters in the Indian market, as the majority of the Indian population is middle class. This thinking of the company resulted in huge success. Their financial results and the presence in the market make this a perfect choice for the investors.

Their main models include:

• Electric Photon

• Electric Optima

Mahindra and Mahindra:

They are one of the reputable Indian car manufacturers who have supported electrification on a large scale by introducing electric cars and commercial vehicles. Their models include:

• eKUV 100

• eVerito

• Treo

• Supro electric
  
  

These vehicles have attracted a lot of customers , as they have introduced them at a very affordable range. Because of this, they have been successful in generating profits and increasing their revenue. 

It is said that they are giving tough competition to both Tata Motors and Hero MotorsCorp.

Olectra Greentech:

Olectra Greentech is a part of Megha Engineering and Infrastructure Limited, has made huge success in electric buses. They came with a different concept from rest by introducing electric buses for public transportation all across India. They have been a key contributor in reducing harmful emissions. 

They have been successful in generating huge revenue and giving tough competition to others. 

This company is the perfect choice to invest in, as it is expected to grow tremendously in the future.

Ashok Leyland:

They are basically known for their commercial vehicles. They entered the EV market by introducing electric buses and commercial vehicles. There are lots of companies which  provide electric cars, the demand for commercial electric vehicles was being ignored earlier. However, this company took the risk and then strengthened its position in the global electric commercial vehicle market.

Overall, the market of EVs has grown a lot and these companies have been at the forefront of this revolution. This has helped them gain profits and attract investors towards them and without any doubt, if anyone is looking to buy EV stocks in India, these are the best choices.