{"id":89911,"date":"2026-11-05T16:36:17","date_gmt":"2026-11-05T16:36:17","guid":{"rendered":"https:\/\/blog.mudrex.intranet\/learn\/?p=89911"},"modified":"2026-11-05T16:36:30","modified_gmt":"2026-11-05T16:36:30","slug":"best-ev-stocks-in-india","status":"publish","type":"post","link":"https:\/\/mudrex.com\/learn\/best-ev-stocks-in-india\/","title":{"rendered":"Best EV Stocks in India for 2026: Top Companies to Watch"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">India\u2019s 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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Takeaways:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Market Growth<\/strong>: The EV market is growing and creating opportunities across electric vehicles, batteries, and automotive products.<\/li>\n\n\n\n<li><strong>Top EV-related stocks<\/strong>: Samvardhana Motherson, Tata Motors Passenger Vehicles, Bosch, Hero MotoCorp, and Bharat Forge are the leading stocks.<\/li>\n\n\n\n<li><strong>What to compare<\/strong>: Revenue growth, profits, valuations, debt, and EV business growth should be checked before investing.<\/li>\n\n\n\n<li><strong>Risks involved<\/strong>: EV stocks carry risks, including competition, high costs, policy changes, and technology developments.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">India\u2019s EV Market is Growing<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As more people show interest in electric vehicles for daily use, India\u2019s EV market is showing significant growth. This change is supported by new models, better battery technology, and more charging options.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"638\" src=\"https:\/\/blog.mudrex.intranet\/learn\/wp-content\/uploads\/2026\/11\/india-ev-sales-growth-fy25-fy26-1024x638.png\" alt=\"Bar chart for the best EV stocks in India showing India\u2019s EV sales rising from about 19.7 lakh units in FY2024-25 (+16.9%) to 24.52 lakh units in FY2025-26 (+24.6%), with Tata leading e-cars at a 38.8% share\" class=\"wp-image-89914\" title=\"\" srcset=\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/india-ev-sales-growth-fy25-fy26-1024x638.png 1024w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/india-ev-sales-growth-fy25-fy26-300x187.png 300w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/india-ev-sales-growth-fy25-fy26-768x479.png 768w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/india-ev-sales-growth-fy25-fy26-150x94.png 150w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/india-ev-sales-growth-fy25-fy26.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">India\u2019s EV sales hit a record of about 24.52 lakh units in FY26, up 24.6% from the year before.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Which Are the Best EV Stocks in India for 2026?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">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.<br><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Company<\/th><th class=\"has-text-align-right\" data-align=\"right\">Market Capitalisation<\/th><\/tr><\/thead><tbody><tr><td>Samvardhana Motherson<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u20b91,33,030.51 Cr<\/td><\/tr><tr><td>Tata Motors Passenger Vehicles<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u20b91,24,042.84 Cr<\/td><\/tr><tr><td>Bosch<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u20b91,07,106.15 Cr<\/td><\/tr><tr><td>Hero MotoCorp<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u20b999,946.42 Cr<\/td><\/tr><tr><td>Tesla (US-listed)<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u20b993,031.27 Cr<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">1. Samvardhana Motherson International Ltd.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2. Tata Motors Passenger Vehicles Ltd.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.tatamotors.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Tata Motors Passenger Vehicles<\/a> is a key part of India\u2019s 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. Bosch Ltd.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/boschevsolutions.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Bosch<\/a> 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.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. <strong>Hero MotoCorp<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.heromotocorp.com\/en-in.html\" target=\"_blank\" rel=\"nofollow noopener\">Hero MotoCorp<\/a> 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5. <strong>Tesla<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At Mudrex, you can <a href=\"https:\/\/mudrex.com\/buy-tslab\">access Tesla through TSLAB<\/a>, a tokenized stock available on the Spot market. The product allows users to gain price exposure to Tesla without purchasing actual company shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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&#8217;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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Trade in Crypto or Tokenised Stocks?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Traditional stock markets offer access to listed companies and established investment products. At the same time, crypto and <a href=\"https:\/\/mudrex.com\/coins\/categories\/tokenized-stock\">tokenized assets<\/a> provide alternative ways to access digital markets. Some potential advantages of crypto and tokenized stocks include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Broader market access<\/strong>: Crypto exchanges provide access to multiple digital assets. Tokenized stocks may provide price exposure to selected global equities.<\/li>\n\n\n\n<li><strong>More trading hours<\/strong>: Traditional stocks have only limited trading hours. But crypto and tokenized stocks could be traded 24\/7.<\/li>\n\n\n\n<li><strong>Long and short positions<\/strong>: Crypto futures offer opportunities to take long positions when they expect prices to rise and short positions when they foresee a decline. This offers more flexibility than simply buying and holding shares.<\/li>\n\n\n\n<li><strong>Lower initial capital<\/strong>: Users can start trading with relatively small amounts. We offer crypto margin trading from \u20b9100 at Mudrex. At the same time, minimum requirements could vary by product and market conditions.<\/li>\n\n\n\n<li><strong>INR margin options<\/strong>: Our eligible crypto futures contracts support INR margin. This allows traders to use Indian rupees without initially converting their funds into USDT.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How Do You Choose the Best EV Stocks in India?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To choose the best EV stocks in India, you need to look at more than market capitalization. Investors should check the company\u2019s financial performance, business growth, and future plans. Here are some factors that you need to check:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Market capitalization<\/strong>: It highlights the total market value of a company\u2019s shares. But a larger company will not always be the best one.<\/li>\n\n\n\n<li><strong>Revenue growth<\/strong>: The company\u2019s financial earnings from its products and services over time are important to watch while considering investment options.<\/li>\n\n\n\n<li><strong>Net profit<\/strong>: Even if a company reports higher sales, it may struggle to make profits due to rising costs.<\/li>\n\n\n\n<li><strong>P\/E ratio<\/strong>: The ratio helps understand the company\u2019s share price relative to its earnings.<\/li>\n\n\n\n<li><strong>Debt-to-equity ratio<\/strong>: This ratio shows how much debt a company has compared with its equity.<\/li>\n\n\n\n<li><strong>EV business growth<\/strong>: It is important to analyse the company\u2019s business share in electric vehicles, batteries, components, or charging infrastructure.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"620\" src=\"https:\/\/blog.mudrex.intranet\/learn\/wp-content\/uploads\/2026\/11\/how-to-choose-best-ev-stocks-india-metrics_2-1024x620.png\" alt=\"Checklist of 6 metrics for choosing the best EV stocks in India: market capitalisation, revenue growth, net profit, P\/E ratio, debt-to-equity ratio and EV business growth\" class=\"wp-image-89913\" title=\"\" srcset=\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/how-to-choose-best-ev-stocks-india-metrics_2-1024x620.png 1024w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/how-to-choose-best-ev-stocks-india-metrics_2-300x182.png 300w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/how-to-choose-best-ev-stocks-india-metrics_2-768x465.png 768w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/how-to-choose-best-ev-stocks-india-metrics_2-495x300.png 495w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/how-to-choose-best-ev-stocks-india-metrics_2-150x91.png 150w, https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/11\/how-to-choose-best-ev-stocks-india-metrics_2.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Six metrics to check before investing in EV stocks in India.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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 <a href=\"https:\/\/mudrex.com\/futures\">Mudrex<\/a> to learn more.<\/p>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1793889539882\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">1. Which are the best EV stocks in India?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The top EV-related stocks in India include Tata Motors Passenger Vehicles, Hero MotoCorp, Bosch, Bharat Forge, and Samvardhana Motherson.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1793889631538\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">2. How do I choose EV stocks?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To choose top shares, you have to check the company\u2019s financial performance, EV business growth, share price, and future plans before investing.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1793889633462\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">3. What metrics should I compare before buying EV stocks?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Before buying EV stocks, you have to compare market capitalisation, revenue, net profit, P\/E ratio, and debt-to-equity ratio.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1793889635544\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><br>4. Are EV stocks suitable for long-term investing?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>EV stocks may offer long-term growth opportunities. But returns depend on company performance and market conditions.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1793889636783\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">5. What are the main risks in EV stocks?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Key risks include high competition, rising costs, policy changes, new technology, and high valuations.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1793889638785\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">6. Can Indian investors get exposure to US EV stocks?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>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.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong><em>Risk Disclaimer<\/em><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Investing in <\/em>ev <em>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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":89916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_import_markdown_pro_load_document_selector":0,"_import_markdown_pro_submit_text_textarea":"","footnotes":""},"categories":[62],"tags":[],"class_list":["post-89911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-guide"],"_links":{"self":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/89911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/comments?post=89911"}],"version-history":[{"count":3,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/89911\/revisions"}],"predecessor-version":[{"id":89919,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/posts\/89911\/revisions\/89919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/media\/89916"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/media?parent=89911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/categories?post=89911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/learn\/wp-json\/wp\/v2\/tags?post=89911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}