{"id":14735,"date":"2026-06-09T07:16:22","date_gmt":"2026-06-09T07:16:22","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=14735"},"modified":"2026-06-08T07:25:23","modified_gmt":"2026-06-08T07:25:23","slug":"ev-stocks-in-india","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/finance\/ev-stocks-in-india\/","title":{"rendered":"EV Stocks in India 2026: Companies Riding the Electric Vehicle Boom"},"content":{"rendered":"
\"EV<\/figure>\n\n\n

Meta Description: Discover the best EV stocks in India for 2026. OEMs, battery makers, charging infrastructure, and EV component suppliers \u2014 complete investment guide with analysis.<\/p>\n\n\n\n

India’s EV Opportunity: The Numbers<\/strong><\/h3>\n\n\n\n

India’s electric vehicle market is projected to reach 17 million units annually by 2030, up from 1.7 million in FY2024. The government’s FAME III scheme, PLI incentives for EV manufacturing, and rising fuel costs are all accelerating adoption. The total EV ecosystem \u2014 vehicles, batteries, charging, software \u2014 represents a multi-trillion-rupee opportunity.<\/p>\n\n\n\n

Segment<\/strong><\/th>2024 Status<\/strong><\/th>2030 Target<\/strong><\/th>CAGR Implied<\/strong><\/th><\/tr><\/thead>
Two-wheeler EVs<\/td>1.1M units<\/td>8M+ units<\/td>~38%<\/td><\/tr>
Four-wheeler EVs<\/td>0.1M units<\/td>2M+ units<\/td>~55%<\/td><\/tr>
Three-wheeler EVs<\/td>0.5M units<\/td>1.5M+ units<\/td>~20%<\/td><\/tr>
EV Charging Points<\/td>12,000+<\/td>5,00,000+<\/td>~80%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

EV OEM Stocks: Vehicle Manufacturers<\/strong><\/h3>\n\n\n\n
Company<\/strong><\/th>EV Products<\/strong><\/th>Listed?<\/strong><\/th>Investment Angle<\/strong><\/th><\/tr><\/thead>
Tata Motors<\/td>Nexon EV, Tiago EV, Punch EV<\/td>NSE\/BSE<\/td>India EV market leader; Jaguar Land Rover EV transition<\/td><\/tr>
Mahindra & Mahindra<\/td>BE 6e, XEV 9e, electric SUVs<\/td>NSE\/BSE<\/td>Aggressive EV launch pipeline 2025-27<\/td><\/tr>
Bajaj Auto<\/td>Chetak electric scooter<\/td>NSE\/BSE<\/td>Profitable EV player; exports potential<\/td><\/tr>
Hero MotoCorp<\/td>Vida electric scooter<\/td>NSE\/BSE<\/td>Market share recovery underway<\/td><\/tr>
TVS Motor<\/td>iQube electric scooter<\/td>NSE\/BSE<\/td>Growing EV market share<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

EV Component and Battery Stocks<\/strong><\/h3>\n\n\n\n
Company<\/strong><\/th>Segment<\/strong><\/th>Listed?<\/strong><\/th>Thesis<\/strong><\/th><\/tr><\/thead>
Amara Raja Energy<\/td>Li-ion batteries, EV charging<\/td>NSE\/BSE<\/td>Legacy battery maker pivoting to Li-ion<\/td><\/tr>
Exide Industries<\/td>EV batteries, chargers<\/td>NSE\/BSE<\/td>JV with LECLANCHE for Li-ion<\/td><\/tr>
Motherson Sumi<\/td>EV wiring harness, components<\/td>NSE\/BSE<\/td>Global EV supply chain play<\/td><\/tr>
Uno Minda<\/td>EV components, sensors<\/td>NSE\/BSE<\/td>Component diversification for EVs<\/td><\/tr>
KPIT Technologies<\/td>Embedded software for EVs<\/td>NSE\/BSE<\/td>Software-defined vehicle play<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Risks in EV Investing<\/strong><\/h3>\n\n\n\n