Top electric vehicle stocks in India: Tata Motors, Olectra Greentech, JBM Auto, Exide Industries, and Sona Comstar. Track EV delivery numbers, gigafactories, and powertrain components.
The electrification of Indian transport is scaling exponentially across 2-wheelers, 3-wheelers, municipal electric bus fleets, and passenger cars. Supported by the PM E-Drive scheme and Production Linked Incentives (PLI) for Advanced Chemistry Cell (ACC) batteries, leading automotive champions like Tata Motors command dominant passenger EV market share, while public transit suppliers Olectra Greentech and JBM Auto execute thousands of state transit bus deliveries.
Screens commercial and passenger EV original equipment manufacturers (OEMs), lithium-ion battery gigafactory builders, and EV powertrain component exporters.
symbol IN ('TATAMOTORS', 'OLECTRA', 'JBMA', 'EXIDEIND', 'AMARAJABAT', 'SONACOMS', 'KPITTECH', 'SERVOTECH', 'GREAVESCOT', 'HEROMOTOCO') OR industry ILIKE '%electric%'| Company | Price (₹) | Market Cap | P/E | ROCE | Div Yield | 3Y Sales Gr. | Action |
|---|---|---|---|---|---|---|---|
1. HERO MOTOCORP LIMITED HEROMOTOCO • Consumer Cyclical | ₹5,513 | ₹1,04,504 Cr | 19.0 | 37.5% | 355.00% | -16.2% | Analyze |
2. SONA BLW PRECISION FRGS L SONACOMS • Consumer Cyclical | ₹900 | ₹49,181 Cr | 74.3 | 34.2% | 44.00% | 39.6% | Analyze |
3. EXIDE INDUSTRIES LTD EXIDEIND • Consumer Cyclical | ₹357.35 | ₹35,075 Cr | 37.4 | 9.7% | 49.00% | 7.6% | Analyze |
4. SCHNEIDER ELECTRIC INFRA SCHNEIDER • Industrials | ₹1,063.4 | ₹29,338 Cr | 159.7 | 39.2% | - | -10.0% | Analyze |
5. OLA ELECTRIC MOBILITY LTD OLAELEC • Consumer Cyclical | ₹34.21 | ₹17,030 Cr | - | -8.6% | - | 156148.1% | Analyze |
6. KPIT TECHNOLOGIES LIMITED KPITTECH • Technology | ₹540.45 | ₹15,075 Cr | 25.9 | 25.8% | 144.00% | -4.3% | Analyze |
7. JBM AUTO LIMITED JBMA • Consumer Cyclical | ₹495.6 | ₹14,670 Cr | 58.8 | 14.2% | 15.00% | 12.4% | Analyze |
8. ATLANTA ELECTRICALS LTD ATLANTAELE • Industrials | ₹1,462.1 | ₹13,671 Cr | 63.0 | 61.6% | - | 59.1% | Analyze |
9. OLECTRA GREENTECH LIMITED OLECTRA • Industrials | ₹1,026.35 | ₹9,928 Cr | 55.2 | 36.4% | 5.00% | 0.8% | Analyze |
10. MARINE ELECTRICAL (I) LTD MARINE • Industrials | ₹391.3 | ₹5,866 Cr | 88.9 | 31.5% | 7.00% | -0.7% | Analyze |
11. SPECTRUM ELECTRIC IND LTD SPECTRUM • Industrials | ₹4,413.8 | ₹5,165 Cr | 103.3 | 23.1% | - | 44.7% | Analyze |
12. GREAVES COTTON LTD. GREAVESCOT • Industrials | ₹204.32 | ₹4,478 Cr | 54.4 | 9.5% | 85.00% | 21.2% | Analyze |
13. ORIENT ELECTRIC LIMITED ORIENTELEC • Consumer Cyclical | ₹199.62 | ₹3,704 Cr | 30.7 | 35.3% | 96.00% | -32.1% | Analyze |
14. HPL ELECTRIC & POWER LTD HPL • Industrials | ₹265.96 | ₹1,878 Cr | 20.4 | 16.5% | 37.00% | -14.2% | Analyze |
15. SERVOTECH REN POW SYS LTD SERVOTECH • Industrials | ₹67.06 | ₹1,745 Cr | 49.6 | 17.8% | 3.00% | 9.4% | Analyze |
16. KIRLOSKAR ELECTRIC CO LTD KECL • Industrials | ₹111.46 | ₹825 Cr | 110.6 | - | - | -20.9% | Analyze |
17. MANGAL ELECTRICAL IND L MEIL • Industrials | ₹255.27 | ₹779 Cr | 16.6 | 31.2% | - | - | Analyze |
18. ARTEMIS ELECTRICALS & P L AEPL • Industrials | ₹14.62 | ₹432 Cr | 49.8 | 19.0% | - | -3.3% | Analyze |
Tata Motors dominates the Indian passenger electric vehicle market with an estimated >65% market share, powered by popular EV models including the Nexon.ev, Tiago.ev, Tigor.ev, and Curvv.ev.
Exide Industries (via its multi-gigawatt lithium-ion plant in Karnataka) and Amara Raja Energy & Mobility are the primary listed battery manufacturers transitioning from lead-acid to lithium-ion NMC and LFP cell chemistries.
Yes. Companies like Olectra Greentech and JBM Auto maintain profitable operating margins and large order books under the Gross Cost Contract (GCC) model for state transport undertakings.