India’s EV market is opening up new opportunities for stock market investors. The best EV stocks in India offer exposure to electric cars, two-wheelers, batteries, and charging networks.
But choosing the right companies requires more than looking at their growth plans. Here are some of the top EV stocks in India for 2026. The blog also provides key factors to consider before investing in these shares.
As more people show interest in electric vehicles for daily use, India’s EV market is showing significant growth. This change is supported by new models, better battery technology, and more charging options.
While the sector continues to attract investors and customers, the government is also taking initiatives to support the growth. As per the figures released by SIAM, around 1.97 million registrations have been recorded in FY2024-25 for Electric Vehicles in India. It represents a remarkable rise of 16.9% in comparison to the previous financial year.
A record high has been achieved in FY26, where retail sales have touched around 24.52 lakh units, which is an annual rise of 24.6%. A major contribution comes from the electric two-wheelers that have risen 83.6% to 1,99,923 units. Tata Motors topped the charts with a market share of 38.8%, followed by MG Motor and Mahindra
Interestingly, several Indian companies could be linked to the EV market. To compare the size of the listed companies, market capitalization is a key metric. Companies such as Samvardhana Motherson, Tata Motors Passenger Vehicles, Bosch, Hero MotoCorp, etc are among the top EV stocks in India for 2026.
| Company | Market Capitalisation |
|---|---|
| Samvardhana Motherson | ₹1,33,030.51 Cr |
| Tata Motors Passenger Vehicles | ₹1,24,042.84 Cr |
| Bosch | ₹1,07,106.15 Cr |
| Hero MotoCorp | ₹99,946.42 Cr |
| Tesla (US-listed) | ₹93,031.27 Cr |
Samvardhana Motherson is a global auto parts manufacturer that supplies components to major carmakers, serving both electric and traditional vehicles. Now, the company is expanding its EV-related products, including wiring systems, lightweight parts, and thermal management solutions. Its services are used across different parts of the automotive industry.
Tata Motors Passenger Vehicles is a key part of India’s electric car market. Its EV lineup includes the Nexon EV and Tiago EV. Now, the company is working to further strengthen its position through new models, longer battery ranges, and better warranty options.
Bosch is one of the companies that produces automotive parts and technology for electric vehicles and beyond. The company is also venturing into the field of electric motors, e-axles, and advanced automobile safety technology. It is also working with Tata AutoComp Systems in producing electric motors and e-axles.
Hero MotoCorp is a well-known two-wheeler producer in India. Through its brand VIDA, it wants to demonstrate its competence in the electric mobility segment. The company is also investing in the manufacturing and development of electric vehicles.
Tesla is a leading US-listed electric vehicle manufacturer. It is mostly known for its electric cars, battery energy storage systems, and charging network. The company produces vehicles such as the Model 3 and Model Y. It also invests in battery technology, vehicle software, and autonomous driving.
At Mudrex, you can access Tesla through TSLAB, a tokenized stock available on the Spot market. The product allows users to gain price exposure to Tesla without purchasing actual company shares.
Although Tesla is not an Indian stock and is based in the US, Indian users can explore its price movements through this tokenized product, subject to Mudrex’s eligibility requirements and applicable terms. However, it is not the same as owning Tesla shares. Even if you hold the token, it does not provide direct shareholder rights.
Traditional stock markets offer access to listed companies and established investment products. At the same time, crypto and tokenized assets provide alternative ways to access digital markets. Some potential advantages of crypto and tokenized stocks include:
To choose the best EV stocks in India, you need to look at more than market capitalization. Investors should check the company’s financial performance, business growth, and future plans. Here are some factors that you need to check:
The EV industry in India is creating opportunities across various areas, including electric cars, two-wheelers, batteries, and automotive components. The sector gets different levels of exposure from companies like Samvardhana Motherson, Tata Motors Passenger Vehicles, Bosch, Hero MotoCorp, and Tesla.
But the bigger question is about choosing the best EV stocks in India for 2026. To select the top stocks, investors should analyse different factors including financial performance, EV-related revenue, valuations, debt levels, and long-term growth plans.
Ready to explore EV-related investment opportunities? Analyse the available options, understand the risks, and choose investments that match your financial goals and risk tolerance. If you want to explore tokenized stocks and crypto futures, visit Mudrex to learn more.
The top EV-related stocks in India include Tata Motors Passenger Vehicles, Hero MotoCorp, Bosch, Bharat Forge, and Samvardhana Motherson.
To choose top shares, you have to check the company’s financial performance, EV business growth, share price, and future plans before investing.
Before buying EV stocks, you have to compare market capitalisation, revenue, net profit, P/E ratio, and debt-to-equity ratio.
EV stocks may offer long-term growth opportunities. But returns depend on company performance and market conditions.
Key risks include high competition, rising costs, policy changes, new technology, and high valuations.
Yes, Indian investors may access US EV stocks through eligible investment platforms. They will be subject to applicable rules. Tokenised stock products may also be available, but they may not offer direct ownership of shares.
Investing in ev stocks, cryptocurrencies and tokenised stock-linked products involves risk, including the possible loss of capital. Market prices can change quickly, and past performance does not guarantee future returns. Futures leverage can magnify gains and losses and may lead to rapid liquidation. Figures and examples are for educational purposes only, not financial advice or guarantees of returns. Conduct your own research (DYOR), consult a qualified financial adviser, and understand product structures, fees, and applicable regulations before trading.
