India’s EV revolution is charging ahead, and so are the stocks fueling it. With 2025 set to be a game-changer, top EV companies are driving growth and innovation. This deep dive uncovers the key stocks to watch, the factors shaping their rise, and why they stand out for investors. Get ready to dive into India’s EV market!

Top Electric Vehicle Stocks in India in 2025

Stock	Market Cap (in Rs. Cr.)	52-Week High (in Rs.)	Sector
JBM Auto Ltd	12,840	1,169.38	Auto Parts
Amara Raja Energy & Mobility Ltd	19,033	1,775.95	Batteries
Exide Industries Ltd	30,260	620.35	Batteries
Motherson Sumi Wiring India Ltd	23,347	80	Cables
Himadri Speciality Chemical Ltd	21,311	688.70	Commodity Chemicals

Here’s a brief overview of these Best EV Stocks:

1. JBM Auto Ltd

• The company’s Return on Equity (ROE) stood at 15.31% for the year ending 31st March, 2024, surpassing its 5-year average of 12.74%.

• It spent 3.93% of operating revenues on interest expenses and 9.26% on employee costs in the same period.

• Over three years, the stock delivered a 134.07% return, outperforming Nifty Midcap 100’s 70.88% return.

• Profit After Tax (PAT) stands at around Rs 52.64 crore as of December 2024.

2. Amara Raja Energy & Mobility Ltd

• Profit After Tax (PAT) stands at around Rs 298.37 crore as of December 2024.

• The company spent less than 1% of its operating revenues on interest expenses and 6.28% on employee costs for the year ending 31st March, 2024.

• Over three years, the stock delivered an 82.96% return, compared to Nifty Midcap 100’s 70.88% return.

• The stock gained 82.96% over three years, while Nifty Auto returned 100.78% in the same period.

3. Exide Industries Ltd

• Profit After Tax (PAT) stands at around Rs 156.81 crore as of December 2024.

• The company’s annual revenue growth of 10.9% surpassed its 3-year Compound Annual Growth Rate (CAGR) of 3.11%.

• Over three years, the stock delivered a 124.02% return, outperforming Nifty Midcap 100’s 70.88% return.

• The company spent less than 1% of its operating revenues on interest expenses and 6.96% on employee costs for the year ending 31st March, 2024.

4. Motherson Sumi Wiring India Ltd

• Profit After Tax (PAT) stands at around Rs 139.98 crore as of December 2024.

• A board meeting is scheduled for 21st March, 2025, with an agenda to discuss an interim dividend.

• The company has sufficient cash reserves to cover its contingent liabilities.

• It spent less than 1% of its operating revenues on interest expenses and 16.27% on employee costs for the year ending 31st March, 2024.

5. Himadri Speciality Chemical Ltd

• Profit After Tax (PAT) stands at around Rs 142.06 crore as of December 2024.

• The company’s Return on Equity (ROE) stood at 13.48% for the year ending 31st March, 2024, surpassing its 5-year average of 8.59%.

• It spent 1.53% of its operating revenues on interest expenses and 2.64% on employee costs in the same period.

• Over three years, the stock delivered a massive 615.6% return, significantly outperforming Nifty Midcap 100’s 70.88% return.

Frequently Asked Questions (FAQs)

1. What are the main types of EVs?

EVs are classified into three types: Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Hybrid Electric Vehicles (HEVs). BEVs run only on electricity, while PHEVs and HEVs use both electric motors and internal combustion engines.

2. What are the benefits of EVs?

EVs have lower maintenance costs, reduce fuel dependence, and may qualify for government incentives. They also don’t need oil changes or transmission maintenance, making them more cost-efficient.

3. What are the biggest challenges for EVs?

The high upfront cost, limited driving range, fewer vehicle options, and a lack of widespread charging stations are key challenges slowing EV adoption.

4. How do you charge an EV?

Most EVs are charged at home for convenience and savings. Public charging stations provide Level 2 or DC Fast Charging options for quicker recharges when on the move.

Curious About EV Stocks? Ask the Analyst.

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