EVs are booming in India, selling over a million units in FY 2022-2023. Our guide explores top stocks like Tata Motors, Mahindra & others in sectors like auto manufacturing, parts, batteries, and charging stations for smart investment insights.
Affiliated with Megha Engineering & Infrastructures Ltd, this company's stock is valued at ₹1,268.75, up by 141.65% from last year. Known for electric buses, its K9 variant saves 30% energy with better braking and faster charging. Also, the exclusive manufacturer of Tarmac electric buses for Indian airports.
An established auto manufacturer offers 3 electric vehicles in India: Tata Nexon EV Prime, Tata Nexon EV Max, and Tata Tigor EV. Analysts recommend buying this undervalued large-cap EV stock.
This renowned company, known for making batteries for conventional vehicles, has entered the EV battery manufacturing space. Tickertape's 'Scorecard' evaluation indicates promising profitability and forecasts higher revenue growth for this mid-cap stock.
In 2022, Mahindra & Mahindra (M&M), a well-known auto brand, entered the EV sector with its XUV400. Bookings for this electric vehicle began in January 2023. The large-cap stock has a profitability score of 6.9/10 on Scorecard, exclusively available with a Pro subscription.
Hero MotoCorp leads the EV two-wheeler market with 8 models: Photon, Optima, NYX, Eddy, Flash, Atria, AE-29, and AE-3. It's a mid-cap EV stock with a profitability score of 7.2/10 on Scorecard, available with a Pro subscription.