Top 8 Best Electric Vehicle Stocks in India 2022: Currently, the electric vehicle stocks in India are in high demand; everyone is talking about them. Do you have a friend who recommends investing in them? Electric vehicle stocks are in trend; every investor is talking about them. Due to the fact that companies like Mahindra & Mahindra, Reliance Industries, Ashok Leyland, and many others have begun investing in the electrified vehicle segment, it makes sense for them to grab maximum shares in the market of electronic vehicles, and they should be able to maximize their profits as well.
It will be our objective in this article to inform you about some of the best and most prominent EV stocks in India so that you can make the right investment at the right time. In the long run, these stocks can provide you with the best return on your investment. They are very prominent and can provide you with the highest level of return. Let’s take a step back before discussing the top electric vehicle stocks.
Contents
Market overview for electric vehicles
This industry provides over 8 million manufacturing and service professionals with employment opportunities. This sector contributes 7.5% to the Indian GDP. In addition to making the largest tractor, the second largest bus, and 2-wheelers and 3-wheelers, India is also the largest tractor manufacturer in the world. Thus, the massive increase in research and development expenditures in the EV industry is expected to boost its growth.
Also Read: Top 10 Best AI Stocks in India 2022
The future of the electric vehicle market
Top 8 Best Electric Vehicle Stocks in India 2022
According to the Automotive Mission Plan 2016-2026, the Indian government and automobile industry organizations are aiming to expand the Indian automotive industry so that it can be competitive and offer excellent vehicles to make a global impact. In the EV and automotive sectors, 65 million jobs are predicted by the research to be created within the next few years. Based on this vision, approx. 12% of GDP has been contributed to and will be included in over 40% of sectors by 2026.
What are the benefits of investing in Indian electric vehicle stocks?
Top 8 Best Electric Vehicle Stocks in India 2022
In the current world, electric vehicles are the center of attention; TATA Motors has just launched the first electric cars. Furthermore, it has created an amount of buzz and sales for Indians by attracting Indians to the product. The development of top-class electric vehicles for the Indian and global markets has been a major investment for many brands. As a result, many startups and leading companies have already taken note of the growth and opportunities and have begun to work towards them.
Electric vehicles are expected to be in high demand in the future, and companies manufacturing electric vehicles are expected to make a large amount of money. You can invest in the latest EV stocks in India mentioned below to ensure your future and maximize your profits from investments.
Top 8 Best Electric Vehicle Stocks in India 20221. Reliance Industries Ltd (Electric Charging Stations)
Top 8 Best Electric Vehicle Stocks in India 2022
EV stocks held by Reliance Industries Ltd are among India’s largest. As part of the joint venture between these leading companies, charging stations will also be set up for two-wheeler and three-wheeler vehicles. It has partnered with Mahindra and Mahindra to develop unique electric vehicle products and services.
Investors such as yourself do not need to worry because this venture has been backed with monetary support from some of the largest industries in the country. This includes setting up charging infrastructure for small commercial vehicles.
2. Tata Motors Ltd (Electric Cars)
Top 8 Best Electric Vehicle Stocks in India 2022
The Indian electric vehicle market is currently dominated by Tata Motors. In addition to investing $2 billion in the EV sector, Tata Motors has introduced several electric vehicles, including Tata Nixon Electric Vehicles and Tata Tigor Electric Vehicles. Due to its goal of producing high-value electric vehicles at a budget-friendly price, Tata Motors Ltd is considered a high-quality electric vehicle stock.
3. Hero Electric (2-Wheeler)
Top 8 Best Electric Vehicle Stocks in India 2022
Under the two-wheeler segment, Hero Electric is a leading distributor and manufacturer of electric two-wheelers in India. You can consider Hero Electric if you are looking for the top electric vehicle stocks in India. As a result of its huge customer base, the company enjoys an advantage over the competition. Located in India, this company manufactures budget-friendly and family-friendly two-wheelers.
Photon and Optima are two electric vehicles that this company already has available in India. Most of these models offer comfort and city speed options so that driving becomes a pleasant experience for the driver.
4. Mahindra & Mahindra Ltd (Electric Cars)
Top 8 Best Electric Vehicle Stocks in India 2022
Reliance Industries Ltd has already partnered with Mahindra & Mahindra to build infrastructure and innovate in the electric vehicle space. However, this brand has also decided to expand its product line by adding some new electric cars. In order to achieve this goal, this company plans to launch approximately 16 electric cars by 2027. As well, it plans to launch electric SUVs and light commercial vehicles. This enables Mahindra buyers to benefit from top-quality electric vehicles at affordable prices.
5. Ashok Leyland Ltd (EV Light Vehicle)
Top 8 Best Electric Vehicle Stocks in India 2022
Ashok Leyland Ltd is the flagship company of the Hinduja Group. Sun Mobility partnered with this company to increase its expertise in producing top-notch electric buses. This company is known as the fourth largest bus manufacturer in the world. Electric buses are designed by this company according to Indian weather conditions using the company’s top-class infrastructure.
If you are looking to invest in top electric vehicles under the commercial vehicle segment in India, this could be a superb stock to purchase. It has launched a number of electric vehicles including Circuit, HYBUS, and iBUS.
6. Bharat Petroleum Corporation Ltd (EV Charging Stations)
Top 8 Best Electric Vehicle Stocks in India 2022
In the coming years, BPCL will build 1000 charging stations for electric vehicles in India, making it a leading company in the Indian market. Investing in renewable energy portfolio, this company has established a Rs 5000 crore budget for the mega project. Furthermore, the company has a leading chain of oil retailers in rural areas, so this company also stands to gain a significant amount of profit and value from its electric vehicle stock.
7. JBM Auto Ltd (Electric Buses)
Top 8 Best Electric Vehicle Stocks in India 2022
The company JBM Auto Ltd possesses a fully equipped manufacturing plant, was the first to introduce the first electric bus in India, and has access to charging stations for electric vehicles and adequate resources for automobile OEMs. If you are interested in investing in electric vehicle stocks, this is the stock you should consider. Since the company already holds a substantial share of the electric vehicle market, this stock is an excellent one to choose.
8. TVS Motor Company Ltd (2-Wheeler)
Top 8 Best Electric Vehicle Stocks in India 2022
EV stocks of TVS Motor Company Ltd are very valuable in the market. TVS Motor Company Ltd has committed to increasing technology and developing new two-wheeler electric vehicles. The company has already launched its e-scooter, the TVS iQube, and its e-scooter has already been launched. This stock is an excellent investment for those interested in buying electric two-wheelers in India.
Conclusion
Top 8 Best Electric Vehicle Stocks in India 2022
Towards the end of 2030, the Indian government intends to have 30% electric vehicles on the road. In order to achieve this objective, many leading companies have begun developing electric scooters, bikes, cars, and commercial vehicles. These companies include Reliance Industries Ltd, Mahindra & Mahindra, Tata Motors, and Ashok Leyland.
In this article, we will review some of the best electric vehicle stocks in India right now that you can consider due to their promising future prospects and high return potential.
1. Reliance Industries Ltd (Electric Charging Stations)
Top 8 Best Electric Vehicle Stocks in India 2022
EV stocks held by Reliance Industries Ltd are among India’s largest. As part of the joint venture between these leading companies, charging stations will also be set up for two-wheeler and three-wheeler vehicles. It has partnered with Mahindra and Mahindra to develop unique electric vehicle products and services.
Investors such as yourself do not need to worry because this venture has been backed with monetary support from some of the largest industries in the country. This includes setting up charging infrastructure for small commercial vehicles.
2. Tata Motors Ltd (Electric Cars)
Top 8 Best Electric Vehicle Stocks in India 2022
The Indian electric vehicle market is currently dominated by Tata Motors. In addition to investing $2 billion in the EV sector, Tata Motors has introduced several electric vehicles, including Tata Nixon Electric Vehicles and Tata Tigor Electric Vehicles. Due to its goal of producing high-value electric vehicles at a budget-friendly price, Tata Motors Ltd is considered a high-quality electric vehicle stock.
3. Hero Electric (2-Wheeler)
Top 8 Best Electric Vehicle Stocks in India 2022
Under the two-wheeler segment, Hero Electric is a leading distributor and manufacturer of electric two-wheelers in India. You can consider Hero Electric if you are looking for the top electric vehicle stocks in India. As a result of its huge customer base, the company enjoys an advantage over the competition. Located in India, this company manufactures budget-friendly and family-friendly two-wheelers.
Photon and Optima are two electric vehicles that this company already has available in India. Most of these models offer comfort and city speed options so that driving becomes a pleasant experience for the driver.
4. Mahindra & Mahindra Ltd (Electric Cars)
Top 8 Best Electric Vehicle Stocks in India 2022
Reliance Industries Ltd has already partnered with Mahindra & Mahindra to build infrastructure and innovate in the electric vehicle space. However, this brand has also decided to expand its product line by adding some new electric cars. In order to achieve this goal, this company plans to launch approximately 16 electric cars by 2027. As well, it plans to launch electric SUVs and light commercial vehicles. This enables Mahindra buyers to benefit from top-quality electric vehicles at affordable prices.
5. Ashok Leyland Ltd (EV Light Vehicle)
Top 8 Best Electric Vehicle Stocks in India 2022
Ashok Leyland Ltd is the flagship company of the Hinduja Group. Sun Mobility partnered with this company to increase its expertise in producing top-notch electric buses. This company is known as the fourth largest bus manufacturer in the world. Electric buses are designed by this company according to Indian weather conditions using the company’s top-class infrastructure.
If you are looking to invest in top electric vehicles under the commercial vehicle segment in India, this could be a superb stock to purchase. It has launched a number of electric vehicles including Circuit, HYBUS, and iBUS.
6. Bharat Petroleum Corporation Ltd (EV Charging Stations)
Top 8 Best Electric Vehicle Stocks in India 2022
In the coming years, BPCL will build 1000 charging stations for electric vehicles in India, making it a leading company in the Indian market. Investing in renewable energy portfolio, this company has established a Rs 5000 crore budget for the mega project. Furthermore, the company has a leading chain of oil retailers in rural areas, so this company also stands to gain a significant amount of profit and value from its electric vehicle stock.
7. JBM Auto Ltd (Electric Buses)
Top 8 Best Electric Vehicle Stocks in India 2022
The company JBM Auto Ltd possesses a fully equipped manufacturing plant, was the first to introduce the first electric bus in India, and has access to charging stations for electric vehicles and adequate resources for automobile OEMs. If you are interested in investing in electric vehicle stocks, this is the stock you should consider. Since the company already holds a substantial share of the electric vehicle market, this stock is an excellent one to choose.
8. TVS Motor Company Ltd (2-Wheeler)
Top 8 Best Electric Vehicle Stocks in India 2022
EV stocks of TVS Motor Company Ltd are very valuable in the market. TVS Motor Company Ltd has committed to increasing technology and developing new two-wheeler electric vehicles. The company has already launched its e-scooter, the TVS iQube, and its e-scooter has already been launched. This stock is an excellent investment for those interested in buying electric two-wheelers in India.
Conclusion
Top 8 Best Electric Vehicle Stocks in India 2022
Towards the end of 2030, the Indian government intends to have 30% electric vehicles on the road. In order to achieve this objective, many leading companies have begun developing electric scooters, bikes, cars, and commercial vehicles. These companies include Reliance Industries Ltd, Mahindra & Mahindra, Tata Motors, and Ashok Leyland.
In this article, we will review some of the best electric vehicle stocks in India right now that you can consider due to their promising future prospects and high return potential.