What are Electric Vehicles?
As the name suggests, EV or Electronic Vehicle is a mode of transport that runs on electricity. We all know Tesla the electric car company, it is no longer the only company that is making electric cars. The world is moving towards a better solution and trying to save burning fuel and reduce pollution and that is why electric vehicles are gaining popularity. With an electric vehicle, you get a vehicle that runs purely on electricity and thus saves petrol and diesel. You need a charger and a portable battery or a charging station to refill your car unlike a petrol pump or diesel station in the case of normal vehicles. In India, electric vehicles have gained popularity since 2020 and are slowly picking the pace and replacing old fuel-oriented vehicles. Due to this, a lot more companies are entering this sector which is resulting in more and more companies showing up on the stock market. So, now we will look at such EV stocks that are doing a fabulous job in the Indian markets.
Best EV Stocks in India to Buy
In this list, we will present the best EV stocks in India that you should consider having in your portfolio. These companies have not just made a name for themselves in this segment but have also shown others how to go about in this sector to be successful. Later, we will also cover small cap electric vehicle stocks.
1. TATA Motors
You hear the name TATA and you instantly know that it genuinely belongs to any and every list. TATA Motors as you know has been in the automobile field for years now and so it was obviously going to make the switch to the electric vehicle sector. TATA Motor’s Nexon in 2021 became the best-selling electric car and that was surely just the beginning for this company. The company is further looking to take great strides in this field and that is why you would want to have their stocks in your portfolio.
The current price of the share is 407.90, and it has made a jump of 10.25 rupees or 2.58% in the last trading session. The 20-day average delivery for the share stands at 4,469,660. FII/FPI have been increasing their shareholding in this company. The company stock’s 52-week high stands at 536.70 rupees.
2. Mahindra
Mahindra is another top automobile player in India and its vehicles have had a challenging presence in the market over the years. The company has promised that it will come up with 5 electric SUVs and of that, the XUV 400 EV is already out. In the coming years, the company is planning to invest 3,000 crores in the EV sector and that tells you everything you need to know about it. This definitely rings the alarm bells to remind the investors of its inevitable rise to the top in near future.
The current price of the share is 1260.35, and it has made a jump of 9 rupees or 0.72% in the last trading session. The 20-day average delivery for the share stands at 1,888,566. The company’s annual EPS growth rate is strong. The company stock’s 52-week high stands at 1338 rupees.
3. Ashok Leyland
Ashok Leyland is another big automobile player in the Indian markets and is another EV stock that investors should look at. The company recently came up with a double-decker bus that runs on electricity and has made further investments in this segment. The way it is going this company may soon change the way public transport runs in this country, and you know how that will impact its stock. This stock is among the best EV stocks in India.
The current price of the share is 156.30, and it has made a jump of 6 rupees or 3.99% in the last trading session. The 20-day average delivery for the share stands at 5,406,621. The company’s promoter pledge holdings are going down. The company stock’s 52-week high stands at 169.45 rupees.
4. TATA Power
Another TATA name on this list shows just how great this group of companies is. TATA Power has been moving to use clean energy and has carbon neutrality aims set. The company has installed more than 450 charging stations across 350 national highways which cover 25 states and 5 union territories so far. That’s not all: the company also has different charging points for buses, personal use, and others, and they look to increase the number of such points to make sure they cover the whole of India.
The current price of the share is 219.05, and it has made a jump of 5.90 rupees or 2.77% in the last trading session. The 20-day average delivery for the share stands at 7,094,311. The TTM EPS growth of the company is high. The company stock’s 52-week high stands at 298.05 rupees.
5. Exide
Exide is surely one of the well-known names around India and is rightfully on this list of best EV stocks in India due to its exploits in the Electronic segment. They produce and store batteries and are one of the leading players in this segment. They have recently come up with Exide NEO, a battery-powered rickshaw. Looking to shape up the public transport scene, the future surely looks bright for the company and thus the stock benefits from it too.
The current price of the share is 156.50, and it has made a jump of 2.80 rupees or 1.82% in the last trading session. The 20-day average delivery for the share stands at 1,640,956. The TTM EPS growth of this company is high. The company stock’s 52-week high stands at 191.90 rupees.
Best EV Stocks for Long Term
In India, you have 44 EV stocks as of now. These different companies are into different-different segments like the commercial vehicle sector has 6 stocks. 2, 3 and 4-wheeler companies have 6 stocks. EV battery makers have 4 stocks. EV charging infrastructure has 6 stocks. The EV chemical sector has 3 stocks. The auto ancillary sector has 8 stocks. The EV commodities sector has 4 stocks. The EV software sector has 4 stocks. And lastly, the EV thin polyester sector has 3 stocks. When you have so many options to choose from, how do you determine which one is the best? To determine the Best EV stocks for the long term you would have to look at the technical and financial aspects of each company and use your own knowledge as well as look at charts to make a prediction. Or else you could simply go after the stocks of well-known companies like TATA, Mahindra, etc. and purchase their stocks and keep them away for a long term, and then when the time feels right sell them and make money. Let us now focus on small cap electric vehicle stocks. Also Read: 15 Best Chemical Stocks in India to Invest
Small Cap Electric Vehicle Stocks
There are almost 50 EV stocks to choose from for your portfolio but not all are small-cap stocks. Some might be mid-cap and others might be large-cap stocks. However, some people have a preference for investing in small cap stocks, and for them, we have a small cap Electric Vehicle stocks list.
1. SML Isuzu Ltd
More than 30 years old, this company is in the business of manufacturing commercial vehicles. Be it buses, ambulances, or customized vehicles, the company makes them all. They are all set to make their way into the EV bus-making segment in partnership with the Punjab Government. Their capital stands at 866 crores.
The current price of the share is 811.10, and it has made a 30.90 rupees or 3.96% jump in the last trading session. The 20-day average delivery for the share stands at 19,179. This company’s net profit has grown and so has its profit margin. The company stock’s 52-week high stands at 848.90 rupees.
2. Fiem Industries Ltd
Next up on this list of small cap electric vehicle stocks are Fiem Industries Ltd. a company that is almost 50 years old. The company has 9 state-of-the-art manufacturing facilities spread across India and apart from that, it has R&D and design centers across India, Italy, and Japan. Headlamps, tail lamps, indicators, and a lot of other parts of the Ola Electric scooter are supplied solely by this company.
The current price of the share is 1,404.15, and it has made a 9.80 rupees or 0.70% jump in the last trading session. The 20-day average delivery for the share stands at 29,354. This company’s TTM EPS growth is high. The company stock’s 52-week high stands at 1,843.05 rupees.
3. Expleo Solutions Ltd
This company is a part of the Expleo Group of companies. The company is listed on NSE as well as BSE and has its registered office in Chennai, India. It is one of the best small cap electric vehicle stocks. The company does not just run its operations in India but also has clients outside of India. The company provides new e-mobility solutions and deals in battery management, hybrid engine management systems, inverters, and energy storage systems. It is one of the best EV stocks in India when it comes to small cap stocks.
The current price of the share is 1,190.25, and it has made a 2.05 rupees or 0.17% jump in the last trading session. The 20-day average delivery for the share stands at 14,159. This company’s TTM EPS growth is high. The company stock’s 52-week high stands at 1,874 rupees.
4. Kabra Extrusion Technik Ltd
This company is a part of the Kolsite group and has been in business for more than sixty years. The company is present in more than 90 countries and enjoys a strong position in the extrusion sector. The company’s office is located in Mumbai. The company’s battery division, Battrixx is responsible for making lightweight, low maintenance and high energy batteries. And its battery packs are also used by the Joy e-bike.
The current price of the share is 374.05, and it has made a 7.35 rupees or 2% jump in the last trading session. The 20-day average delivery for the share stands at 33,267. This company’s TTM EPS growth is high. The company stock’s 52-week high stands at 564.45 rupees.
5. Wardwizard Innovations and Mobility Ltd
Self-claimed 1st EV company on BSE, this is a company that was founded in 1982 and is a Public-listed company. They made their way to BSE in 2015, and they manufacture EVs and other consumer durables as well as electrical items. They are responsible for making Joy e-bikes and along with the Government of Gujarat, they have a memorandum of understanding in place to invest 500 crores in the promotion of EV’s in the state.
The current price of the share is 53.85, and it has made a 1.30 rupees or 2.47% jump in the last trading session. The 20-day average delivery for the share stands at 409,792. This company’s TTM EPS growth is high. The company stock’s 52-week high stands at 100.70 rupees.
Electric Vehicle Stocks NSE
After learning about small cap electric vehicle stocks, let us go over the EV stocks in NSE. The NSE has multiple stocks from the electric vehicle segment that you could invest in. To help you out with this list we will now mention Electric Vehicle stocks NSE, and then you can check out as to which stocks work the best for you.
Ashok Leyland is on NSE and its current market price is 156.15 rupees. Bajaj Auto is on NSE and its current market price is 3,580 rupees. Bharat Petroleum Corporation Ltd is on NSE and its current market price is 311.60 rupees. Exide Industries Ltd is on NSE and its current market price is 156.60 rupees. Fiem Industries Ltd is on NSE and its current market price is 1,406 rupees. Greaves Cotton Ltd is on NSE and its current market price is 151.80 rupees. Hero MotoCorp Ltd is on NSE and its current market price is 2,614.95 rupees. Indian Oil Corporation Ltd is on NSE and its current market price is 67.40. L&T Technologies Services Ltd is on NSE and its current market price is 3,571.50. Mahindra is on NSE and its current market price is 1,260 rupees. Neogen Chemicals Ltd is on NSE and its current market price is 1,491.40 rupees. Olectra Greentech Ltd is on NSE and its current market price is 596.55 rupees. Power Grid Corporation of India Ltd is on NSE and its current market price is 208.80 rupees. SML Isuzu Ltd is on NSE and its current market price is 815 rupees. Suprajit Engineering Ltd is on NSE and its current market price is 340.50 rupees. TATA Chemicals Ltd is on NSE and its current market price is 1,141 rupees. TATA Motors Ltd is on NSE and its current market price is 407.90 rupees. TATA Power Company Ltd is on NSE and its current market price is 219.50 rupees. TVS Motor Company Ltd is on NSE and its current market price is 1,035.80 rupees. Uflex Ltd is on NSE and its current market price is 732.20 rupees.
Also Read: Top 7 Semiconductor Stocks in India
Pros and Cons Of Electric Vehicles
You now know the best EV stocks in India but it is equally necessary that you know the features and drawbacks of EV to determine if their stocks will rise or sink. Given below are the pros and cons of EV.
Pros
The emission from EV vehicles is next to zero. Everything is running on electricity and so there is not much wastage happening. An EV is today priced almost like traditional vehicles but the cost to refuel it or charge it is less than what you would spend on petrol and diesel, and thus you save a significant amount of money. You can opt for a portable charger, or you can access the charging stations near your place. This gives you flexibility and convenience of charging as opposed to heading to petrol stations or diesel pumps. EVs don’t make much noise like normal vehicles and so the cabin is as comfortable as can be. Also, the fuel tank is replaced by a battery pack which leaves more space for the back passenger. The pick-up of the EVs is something else and speed lovers surely find it a bonus.
Cons
Charging EVs can be a hassle. You have to get the home charger connected to your home meter and this increases the price of charging your EV. Not everyone can get their charger connected to the home meter due to various existing issues that as of yet don’t have a solution. The refill time is a problem with EVs as they cannot be replenished as quickly as you do with petrol and diesel cars, and thus you need to plan ahead each time before you make a journey. The battery range of the EV is a scary thing, you might always be worried about whether or not you will reach your destination and what speed you are supposed to drive at to ensure maximum efficiency. EVs are still a bit pricey as compared to petrol and diesel vehicles and that might influence the decision of a lot of buyers. Driving Rivers who love the feel and noise of driving a petrol or vehicle car would definitely miss all of it when driving an EV and that might impact their decision.
So with these pros and cons, you can now reverse engineer the whole article. EVs come with their own plus points and negative points, and it is these points that make or break the case for EVs and their progress in the near future. If you think that EVs will still be a hit, then you should without a doubt look out for the best EV stocks in India and small cap electric vehicle stocks and invest in them as soon as possible.
