Top 5 EV Stocks in India: Indian EV Stocks Supercharged for 2025

Top 5 EV Stocks in India: Indian EV Stocks Supercharged for 2025

Looking for EV stocks that could drive the next big wave of growth?

You’re at the right place.

Electric vehicles are the way of the future. India is leading the world in EVs, not just catching up.

India isn’t just joining the electric revolution; it’s leading it. From passenger cars and two-wheelers to buses and batteries, top Indian companies are charging toward a cleaner, smarter, and more profitable future.

We at Stockyaari have found the five best EV stocks that investors should keep an eye on in 2025.

Each one has its own tale of how it got started, its own strategy, and its own edge in India’s fast-changing electric economy.

The market for electric cars in India is increasing faster than ever since petrol prices are going up, the government is giving out a lot of money to encourage people to buy them, and more people want to buy them.

Tata Motors, Mahindra & Mahindra, TVS Motor, Exide Industries, and Olectra Greentech are leading the way in this shift, which is happening from the road to the grid.

These stocks could be excellent long-term investments for people who are ready to join the electric revolution. 

It is expected that the sector will grow by about 50% each year until 2033.

1. Tata Motors Ltd – The Passenger Vehicle Pioneer

Tata Motors is unquestionably the industry leader in electric vehicles in India.

In addition to spearheading the EV race, the company is laying a solid future foundation.

It has a significant advantage in managing the EV supply chain since it is investing heavily in gigafactories and battery localisation.

Tata is prepared to increase its already sizeable market share with future models like the Harrier EV and Curvv EV.

Quick Stats:

Market Cap: ₹146,014 Cr
52-Week High: ₹923
52-Week Low: ₹376
Adjusted P/E: 6.68
Symbol P/E: 6.86
Source: NSE

2. Mahindra & Mahindra Ltd – The SUV & Commercial Electrification Leader

Mahindra is placing a significant wager on the electric future in addition to producing tough SUVs.

The company is creating a brand-new lineup on the INGLO platform exclusively for electric SUVs through its EV division, Mahindra Electric Automobile Ltd (MEAL).

Mahindra is making a calculated move for long-term growth by aggressively competing in the electric three-wheeler and cargo markets and capitalizing on India’s burgeoning The company is actively pursuing the last-mile delivery market.

Quick Stats:

Market Cap: ₹4,54,634 Cr
52-Week High: ₹3,723
52-Week Low: ₹2,425
Adjusted P/E: 34.33
Symbol P/E: 34.33
Source: NSE

3. TVS Motor Company Ltd – The Two-Wheeler Titan

TVS Motor is an expert on two-wheelers, which are the lifeblood of mobility in India.

TVS is in a prime position to control the mass market, as electric bikes and scooters currently make up almost 60% of all EV sales in India.

To maintain its lead in the rapidly expanding E-2W race, the company continues to make significant investments in R&D and component innovation. That is a strong indication that investors can expect steady growth potential from this company.

Quick Stats:

Market Cap: ₹173,558 Cr
52-Week High: ₹3,658
52-Week Low: ₹2,171
Adjusted P/E: 66.92
Symbol P/E: 66.92
Source: NSE

4. Exide Industries Ltd – The Battery Backbone

Batteries are essential to any EV story, and Exide Industries is at its centre.
By investing in gigafactories that will power the future of electric mobility, the company has shifted its focus from traditional batteries to the production of next-generation Li-ion cells.
As a top domestic supplier in all EV segments, Exide stands to gain greatly from India’s push for battery localisation, which presents significant opportunities for it.

Quick Stats:

Market Cap: ₹33,915 Cr
52-Week High: ₹523
52-Week Low: ₹328
Adjusted P/E: 39.93
Symbol P/E: 39.93
Source: NSE

5. Olectra Greentech Ltd – The Public Fleet Electrifier

Olectra Greentech is taking a different approach by electrifying public transportation.

whereas the majority of businesses are focusing on private EV buyers.

Thanks to significant state transport contracts, Olectra has already seen a 50%+ increase in revenue in FY 2025.

which is in line with the government’s goal of having The government aims for 40% of India’s buses to run on electricity by 2030.

Its emphasis on energy-efficient, battery-swappable buses gives it a solid and expandable business plan, making it ideal for long-term investors.

Quick Stats:

Market Cap: ₹11,696 Cr
52-Week High: ₹1,747
52-Week Low: ₹990
Adjusted P/E: 84.46
Symbol P/E: 84.76
Source: NSE

Riding the Electric Wave Toward High Returns

The EV revolution in India is about opportunity as much as sustainability. The market is experiencing growth due to government support, rising petrol prices, and an increasing willingness among consumers to explore new options. It doesn’t look like a curve; it looks like a rocket.

In short, electric vehicles are changing transportation in India by changing how people travel and how they invest.

The billions of dollars’ worth of vehicles, battery technology, and public transit infrastructure that these firms are impacting show how quickly the sector is developing.

These five electric car stocks could be a good way to keep growing as we get closer to 2025, which is a time of great improvement.

Disclaimer: This analysis is for informational purposes only. Consult your financial advisor before investing.

                                                                                                                                                       Chandan Pathak

                                                                                                                                                Equity Research Analyst