The Ultimate Guide to India’s Top 10 Electric Vehicle Stocks for 2024-25 | IPO India

Hello, my fellow investor friends today we will get information about electric vehicle company stock in India. With this, we will see which electric vehicle stocks will be good to invest for 2024-2025. In today’s topic, we will tell you about “The Ultimate Guide to India’s Top 10 Electric Vehicle Stocks for 2024-25”. Along with that, you will also get information about some of the top-growing companies in the electric vehicles sector.

Introduction to the Electric Vehicle Stocks Market

So before we get information about “Best performing Electric Vehicle Stocks in india last year” we will get information about the stock market of electric vehicles in brief. With the help of which you can make investment decisions easily. In this topic, we will explore the following sub-topics in detail.

• History of EVs
• Adoption of EVs in India
• Schemes for electric vehicles

History of EVs

You may be surprised to know that electric vehicles were invented as early as the 19th century. The first electric vehicle crude electric carriage was made in 1832 by Scottish inventor Robert Anderson. But in the second half of the 19th century, a practical electric car hit the market.

As you know electric vehicles are easier to drive than steam power and petrol power vehicles, electric vehicles became popular in the United States in the late 19th century. However, due to several factors such as better roads, the discovery of Texas crude oil, lower fuel prices, better combustion engines, mass production of cheaper vehicles by Ford, and other factors, the use of EVs began to decline in the 1920s.

Due to rising oil prices in the 1960s and environmental concerns after the 1990s, EVs were a compelling task to rekindle the interest of researchers, policymakers, and the public. And after that electric vehicles became very popular in the market and their demand is increasing even now.

Adoption of EVs in India

Although the adoption of electric vehicles in India is currently at a nascent stage, it is growing rapidly. In 2013, when the data provided by the Ministry of Road Transport and Highways to the Parliament, there were 53,387 electric vehicles registered in India and till August 2023, it has increased to 28,30,565.

The latest economic survey shows that India’s automotive industry will play a crucial role in the transition to green energy. It is estimated that the country’s EV market is expected to grow at a compound annual growth rate (CAGR) of 49% between 2022 and 2030, and annual sales of EVs may cross one crore units in 2030, creating five crore. Direct and indirect jobs by 2030.

Schemes for electric vehicles

The adoption of EVs will not only have a positive impact on the country’s economy but also help in achieving India’s net zero emission target by 2070. For this, the Indian government has come up with many schemes to meet the target of 30% of private cars, 70% of commercial cars, 40% of buses, and 80% of two and three-wheelers by 2030 by increasing the sale of electric vehicles, which are listed below.

• Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme
• Production Linked Incentive (PLI) Scheme for the Automotive Sector
• PLI Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage

What are the Electric Vehicle Stocks in India?

Full Form of EV Stocks Electric Vehicle Stocks. It includes companies that manufacture, produce, and distribute electric vehicles, their spare parts, and charging stations.

In addition to having lower fuel costs, electric vehicles emit significantly less. And for that, it also emits less pollution in the atmosphere than the vehicles running on petrol. And for that, the Indian government is also showing a lot of focus on electric vehicles, and paying a lot of attention to the EV sector. So if you are thinking of investing in electric vehicle stocks then this can be a very good time. You will need information on some of the top growing electric vehicle stocks or electric vehicle companies which we will look at further in this article.

List of Best Electric Vehicle Stocks in India

Note: This data is as of 25th January 2024 and the top EV companies in India are ranked according to their 1-year returns.

This is a list of some electric vehicle stocks. It includes companies related to the electric vehicle sector that have given the best returns in the last year and have good past performances.

If you are thinking of investing in Reliance Power stock and want to know about its history, you can visit “Reliance Power Share Price Target 2025 to 2040 and Price History“. Where we have given a lot of information about Reliance Power for you.

Best Electric two-wheeler Stocks in india

If you especially want to invest in the stocks of electric two-wheelers, then we have listed the Best Electric two-wheeler Stocks in India for you in this article. By using this list you will be able to easily make any decision for your investment. However, it is very important to do your own research before making any finance-related decision. You can visit the official websites of the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

It is important to note that most electric two-wheeler manufacturers in India are not yet publicly traded companies. They are funded by venture capitalists or large established companies. Therefore, traditional stock market data is not available for them. These companies are making waves in the market and might consider IPOs in the future.

Best Electric four-wheeler Stocks in India

Now you have seen two types of lists for investing in electric vehicle stocks. Which includes the list of some companies in the electric vehicle sector and the list of Best Electric two-wheeler Stocks in India. So now we have one last list left which is the “undervalued electric car stocks in India” list. After this list, you can make the right and accurate decision.

Euler Motors is a leading electric vehicle company but is not yet publicly traded. You can find more details about publicly traded companies by searching their ticker symbols (TTMT, MAHINDRA, ASHOKLEY, OLTEC) on financial websites (NSE & BSE).

How to Invest in Electric Vehicle Stocks for Beginners?

If you want to invest, and you are new to this field or you have never invested in the stock market before. And if you want to learn “How to Invest in Electric Vehicle Stocks for Beginners?”, you need to master some main key points. Which is given in detail below.

1). Gain Foundation Knowledge

Familiarize yourself with different segments such as battery manufacturers, charging infrastructure companies, and automakers focused on EVs. Then understand key concepts like market capitalization, price-to-earnings ratio, and different investment types (stocks, ETFs) before diving in. Also, follow reputable news sources and financial websites to stay informed about the latest EV industry developments and market trends.

2). Conduct Thorough Research

Analyze various EV-related companies, considering factors such as their financial health, market conditions, future plans, and management teams. Research each shortlisted company in depth. Look at their financial statements, analyze their competitive landscape, and assess their growth potential. This offers exposure to a basket of EV-related companies, potentially reducing risk compared to picking individual stocks.

3). Start small and diversify

As a beginner, it is wise to start with as little money as you can possibly lose. And don’t put all your eggs in one basket. Spread your investments across different EV companies and sectors to reduce risk.

4). Seek professional guidance (optional)

Consult a financial advisor. They can provide personalized investment advice based on your financial goals, risk tolerance, and investment horizon.

Best Performing Electric Vehicle Stocks in India Past year

If you have read the article till here, you must have seen three lists above which include the list of Best Electric Vehicle Stocks, Best Electric two-wheeler Stocks in India, and undervalued electric car stocks in India. In it, you will also have to see about Best Performing Electric Vehicle Stocks in India Last Year

In which Himadri Specialty Chemical Ltd has given the best return. This company has given the highest return of 313.44% from the list of Electric Vehicle Stocks.

And with that from the list of Best Electric two-wheeler Stocks in India, Bajaj Auto is the only company that is available for trade. Which has given a return of 18.25%.

And finally, from the undervalued electric car stocks in India list, Ashok Leyland comes first with the highest return. Ashok Leyland has given a return of 27.89% in the last year.

Impact of Government Policies on Electric Vehicle Stocks India

Government schemes have a significant impact on electric vehicle stocks. This influence can be both positive and negative. So we will get complete and detailed information about the “Impact of Government Policies on Electric Vehicle Stocks India” on this topic. This information will also help you to choose great electric vehicle stocks and make you a successful investment.

Positive Impact

Subsidies and incentives provided by the government to increase the use of electric vehicles help consumers to acquire electric vehicles easily. Along with that, the demand for electric vehicles is increasing. And this increased demand, Impact positively on electric vehicle stocks.

The government is building charging stations for electric vehicles and improving electric vehicle charging infrastructure. This initiative also increases the demand for electric vehicles and that can also increase the prices of electric vehicle stocks.

The Production Linked Incentive (PLI) scheme provides incentives to companies manufacturing electric vehicles and electric vehicle spare parts in India due to the support provided by the government. which strengthens the electric vehicle and its integrated industries. Which may cause an increase in the price of electric vehicle stocks.

Government policies promoting battery production in India could lead to a more stable and cost-effective supply chain for EV companies. This can improve profitability and potentially increase share prices.

Negative Impact

Delays or changes in certain government policies create uncertainty for electric vehicle companies and reduce investor confidence. Which creates price volatility and low returns in electric vehicle stocks.

Tighter regulations on battery safety, vehicle standards, or environmental standards could increase production costs for EV companies, potentially affecting their profitability and stock prices. And with that, delays in approvals or complicated bureaucratic processes can hinder the growth of the EV industry, affecting the performance of EV stocks.

Conclusion

In conclusion, as we navigate the complex landscape of India’s electric vehicle (EV) market, it is clear that the electric vehicle stock’s trajectory is poised for significant growth in the coming years. The historical evolution of EVs, from their inception in the 19th century to their resurgence in modern times, underlines a fascinating narrative of innovation and sustainability. India’s journey towards adopting EVs is still in its early stages, but the exponential growth seen in recent years and the ambitious targets set by the government indicate a promising future.

A comprehensive analysis of India’s top-performing electric vehicle stocks provides valuable insights for investors looking to capitalize on this growing market. With significant companies spanning various segments such as manufacturing, infrastructure development, and battery technology, electric vehicle stocks have ample opportunities for strategic investments. Additionally, active government policies and incentives aimed at promoting EV adoption further bolster the investment case for the sector.

However, investing in electric vehicle stocks needs to be approached with caution and diligence. While the growth potential is undeniable, factors such as regulatory uncertainties and market volatility can pose challenges for investors in electric vehicle stocks. Therefore, thorough research, diversification, and prudent risk management are essential to navigate the dynamic landscape of EV investments.

In essence, India’s electric vehicle market presents an attractive opportunity for investors keen to align their portfolios with sustainable and innovative technologies. By leveraging the insights provided in this guide and staying abreast of market developments, investors can position themselves to capitalize on the transformative potential of the EV revolution in India.

Electric Vehicle Stocks FAQs