Discover how to power your portfolio with the top 5+ electric vehicle stocks in India and outpace the market in 2023!

Investing in electric vehicle stocks is on the rise and it may be tempting to jump on the bandwagon without doing your research. But before investing in any stock, it’s important to remember the famous saying: “A fool and his money are soon parted.”?

Do your due diligence and take the time to research the best electric vehicle stocks to invest in. There’s no magic formula for success, but with the right information, you can develop a winning strategy. To get you started, here are some of the top electric vehicle stocks to consider.

According to the reports of Indospace and Colliers, an investment of about Rs 94,000 crore is going to be seen in the Indian EV sector in the coming 5 years. It is believed that EV stocks are going to get a big boost in the coming times.

Investing in electric vehicle stocks can be a great way to make a profit. So why not make a small investment today and get ready to reap the rewards in the future? With the right knowledge and a bit of luck, you could be driving your own profits in no time!

Let me tell you that EV stocks are not only of electric vehicle manufacturing companies. Actually Spectrum of EV stocks includes a very wide range and many services. Some of their examples are also given below.

Segmentation of EV regions

Let me tell you that electric vehicles have also been divided into different sectors. Mainly they have been divided into 5 categories whose details are given below in the form of listing.

1. auto manufacturer
2. auto parts
3. Software
4. battery manufacturing
5. charging station

1. Reliance Industries Ltd — EV Stocks

Reliance Industries Ltd and Mahindra Group have partnered up to provide a wide range of EV products and services, from electric 2-wheelers to e-SVCs. Invest in Reliance Industries Ltd's EV stocks now to take advantage of the numerous financial benefits!

2. Tata Motors Limited – EV Stocks

Tata Motors Limited is an Indian company based in Mumbai that manufactures a range of vehicles, including cars, trucks, vans, sports cars and military vehicles. The company has recently expanded into the electric vehicle market and is now the leading Made in India car maker. Tata vehicles are known for their safety and good mileage. The company also owns Jaguar and Range Rover, two premier car brands from England.

As soon as Tata Motors has taken its step towards electric vehicles, there has been an earthquake in the automobile industry all over India.?Now Tata is the only Made in India company whose automobile sales are the highest in the whole of India.?Tata vehicles are specially designed keeping in mind the Indian market.?Tata's vehicles are very safe and its mileage is also very good.

3. TVS Motor Company Ltd – EV Stocks

TVS Motor Company Limited is one of the second largest EV stock investors in India. In the next 4 years TVS Motor Company Ltd. Will invest Rs 1,200 crores in future technologies and electric vehicles. Although TVS Motor has also now launched its electric product TVS iQube- Electric scooter in the Indian market.

4. Tata Power Pvt Ltd (Tata Power Company Ltd) – EV Stocks

Tata Power is an integrated power company with a diverse portfolio comprising of public charging and domestic charging infrastructure, power generation, transmission, power trading business, etc. Recently, Tata Power has installed 1,000+ EV charging stations across the country.

At present, almost 53% of all EV charging stations installed in the country are with Tata Power.

5. Mahindra & Mahindra Ltd.

Mahindra Limited's first electric car was launched in 2001 named Mahindra Riva. The company has so far manufactured many EV vehicles and many of its electric vehicle projects are underway. The company has started working on SUV and small electric vehicles segment by the year 2027. In the next 3 years, this company is going to invest Rs 3,000 crores in the electric industry.

Recently Mahindra & Mahindra has established its Research and Development Center for Electric Vehicles in the city of Bangalore. Let me tell you that at present the total market capital of Mahindra is above one lakh crore. But apart from this the company has ? 7,666.81 Cr. There is also a debt of However, this debt is not a big deal in front of the market value of the company. Mahindra & Mahindra has a market share of around 40% in the tractor segment, 47% in the light commercial vehicle and 62% in the pick-up segment.

heroelectric.in, Inc. Okinawa Autotech BENLING INDIA OPG Mobility (Formerly known as Okaya EV) Greaves Electric Mobility Revolt Motors Kinetic Green Electric Scooter Avon Cycles Simple Energy iVOOMi Innovation Komaki Electric Vehicle Official Tork Motors EVTRIC MOTORS PVT LTD Electric One Mobility Private Limited Ampere Electric Vehicles Ather Energy Honda Cars India Ltd Bolt from Tata Motors Tata Motors TVS Motor Company Mahindra Group Hero MotoCorp NALCO

According to an independent study by CEEW Center for Energy Finance (CEEW-CEF), the EV market in India will be a USD 206 billion opportunity by 2030 if India makes steady progress towards meeting its ambitious 2030 target.