Here are the top 5 EV (Electric Vehicle) stock companies in India as of 2025, based on market presence, investments in EV, production capability, and future growth potential:
1. Tata Motors Ltd.
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Ticker: NSE: TATAMOTORS
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Why it’s top:
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Leader in the Indian EV space with strong products like the Nexon EV, Tiago EV, and Punch EV.
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Subsidiary Tata Passenger Electric Mobility Ltd. raised capital from global investors.
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Backed by Tata Power (charging infrastructure) and Tata Chemicals (battery supply).
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2. Mahindra & Mahindra Ltd.
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Ticker: NSE: M&M
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Why it’s top:
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Launched the XUV400 EV and is investing heavily in its EV arm: Mahindra Electric.
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Collaboration with Volkswagen for EV components (MEB platform).
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Plans to launch multiple new EV models by 2027.
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3. TVS Motor Company Ltd.
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Ticker: NSE: TVSMOTOR
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Why it’s top:
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Strong presence in 2-wheeler EVs with iQube scooter.
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Investing in EV R&D and expanding to international markets.
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Strategic acquisitions (like Swiss EV company Ego Movement) to scale globally.
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4. Hero MotoCorp Ltd.
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Ticker: NSE: HEROMOTOCO
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Why it’s top:
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Entered EV market through its brand Vida.
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Invested in Ather Energy, a leading EV startup.
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Strong distribution and servicing network.
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5. Bharat Forge Ltd.
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Ticker: NSE: BHARATFORG
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Why it’s top:
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Key supplier of EV components like chassis and powertrain parts.
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Through its subsidiary Kalyani Powertrain, it’s entering the EV mobility solutions space.
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Strong B2B positioning in global EV supply chains.
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Honourable Mentions:
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Ather Energy (not publicly listed but growing fast).
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Ashok Leyland (focus on electric buses via Switch Mobility).
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Exide Industries / Amara Raja Energy (battery suppliers pivoting to EV).