Best electric vehicle stock to buy now in India

6 Best electric vehicle stocks list to buy now in India

We discuss 6 Best electric vehicle stocks list to buy now in India. Welcome readers, if you’re from India and are looking to gather information about the best electric vehicle stock to invest in, you are at the right page. Here we would be looking into some of the top notch business companies in the arena of E.V.

But before diving into the list, let’s first discuss why EV is an important asset for India in particular. According to reports from Environment Pollution Index (EPI) 2020, India ranked 168th on a list of 180 countries. This is an alarming fact, for any developing nation.

As it not only hinders the climate, but also affects the day to day livelihood of people in one way or the other. Therefore electrification of motor vehicle fuels can prove to be of huge advantage in these critical situations. And thus, government is also encouraging industrialists, to produce such cost and fuel efficient transport facility. So having said that, let us now jump into the list of best electric vehicle stock to buy now in India.

(Note that, the facts and figures shared might change with time due to the dynamic market behavior. But it will give you enough idea whether you can invest in it or not).

6 Best electric vehicle stocks list to buy now in India

1. Tata Motors

Best electric vehicle stock to buy now in India

Undoubtedly, Tata is amongst the biggest automobile manufacturers in India. The segments of their automobile range from the manufacture of cars, utility vehicles, trucks, buses to advanced defense vehicles. Their associate companies have some big names such as Jaguar, Land Rover and Tata Daewoo. However, when it comes to the EV segment, they are a newbie as compared to its fellow competitors.  

Furthermore, they have design and Research & Development centers located across the globe including India, the UK, Italy, and Korea. Tata Motors in collaboration with its subsidiary, the UK based Tata Motors European Technical Centre (TMETC), are determined to establish a major play in the EVs market of India. As far as the EVs are concerned, they have mainly focused on the Passenger Vehicles and Electric Bus market in India.
As far as the four-wheelers are concerned, Tata comes up with 4 vehicles to pick from. The Nexon EV, Tigor EV, Nano EV, and the Tiago electric variant. In addition to these, the Electric bus segment, Tata expects its demand from State transport Unions. A demand of around 400,000 buses has been expected for their buses in the long run.

Price: 491.65 (INR)
Market Cap: 163,254 (INR Cr.)

2. Mahindra Electric

electric vehicle stocks list


When it comes to Electric Vehicles in India, Mahindra is considered to be the pioneer. Back in the year 2001, they launched their first vehicle Mahindra Reva. It was a revolutionary launch as it was India’s first electric car. Furthermore, Mahindra went ahead to set up a dedicated R&D center in Bengaluru.

Few of their other EV variants are the Mahindra E20 and eVerito. Evidently, it has been observed that Mahindra not only focuses on the manufacture of EV’s but also battery packs and has partnered with various institutions in order to boost EV charging which again is a big plus point for their business.

Price: 850.95 (INR)
Market Cap: 105,789 (INR Cr.)

3. Greaves Cotton

Greaves Cotton ET Auto

They are an Indian engineering company who are involved in manufacturing of engines and heavy equipment. James Greaves and George Cotton found the company in 1859. Until 1922, they were incorporated as a private limited company. However in the year 1947, Lala Karam Chand Thapar purchased Greaves Cotton and they came under the Thapar Group thereafter. Furthermore in 1950, it was converted into a public limited company. They have a market share of around 60-65% in the 3W Diesel engine segment. More than around 30 Indian-original equipment manufacturers rely on GCL engines directly or indirectly.

Price: 140.10 (INR)
Market Cap: 3204.53 (INR Cr.)
 

4. Ashok Leyland

Best electric vehicle stock to buy now in India


Ashok Leyland, a Hinduja Group flagship company, is the amongst the top 4 largest bus manufacturer in the world and a market leader in India. In order to enhance their expertise in the vehicle domain, the company has tied up with Sun Mobility.

The best part about their electric variants is that they are specifically designed to match Indian conditions. Also they have introduced battery swapping in electric buses to address e-mobility needs of the country. Moreover they have launched multiple electric bus variants such as the Circuit, HYBUS, Electric Euro 6 Truck, and announced the iBUS. Lately, the focus of the company is inclined towards giving more thrusts to exports.  


Price: 125.80 (INR)
Market Cap: 38807.67 (INR Cr.)
 

5. Bharat Forge

electric vehicle stocks list


Bharat Forge Limited (BFL) is an Indian Multinational company headquartered in Pune that indulges in automotives, power, oil & gas, construction & mining, locomotive, marine and aerospace industries.
They have launched a new firm Kalyani Powertrain with the motive of focusing on its electric vehicle sector. The company has seen a rise in its stocks by almost 65% during the last year. In addition to this, they intend to manufacture electric two and three wheelers, in partnership with Tork Motors which is another Pune-based electric motorcycle startup in which Bharat Forge own a 49% share.

Price: 726.60 (INR)
Market Cap: 33641.11 (INR Cr.)

6. Hyundai

electric vehicle stocks list

Hyundai marked their presence into the Indian EV segment with its launch of the Hyundai Kona EV in India. As per records this South Korean global giant in the world of automobiles had stated that Kona was specifically designed to suit Indian operating conditions. One of the USP’s of the vehicle is its spectacular 452km range in one charge. And when it comes to India, it is quite obvious that people around here would prefer such economic and pocket friendly advantage.

Just to put things in perspective the range difference of the Kona and other market leaders is in hundreds of kilometers. Although Kona on the other hand, has an Ex-showroom cost of Rs.23.8 lakhs making it extremely expensive for Indian markets.

Therefore looking at such a concern, Hyundai has stated that another EV is in developmental stages keeping affordability in mind in order to serve the mass market. This EV is expected to be ready to enter the market in the next 2-3 years.
Price: 209,500 (INR)

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Note: This is our research and if you want to take a risk you can, please research your own and then buy


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