India is in the front edge of the exciting journey. With the global swing toward cleaner energy, EV demands in India are increasing. India’s appetite for electric vehicles is going up. Which means a golden chance for investors to poke about the best electric vehicle stocks available in the market. As more companies enter the EV space, investors continuously discuss stocks for their potential, making this the perfect time to practice dollar-cost averaging in this rapidly growing sector. We are here with the list of electric vehicle stocks.
Tata Motors (TAMO)
Tata Motors Limited is a leading global car manufacturer headquartered in India. A division of the Tata Group, the company manufactures a wide range of automobiles, from trucks and buses to passenger cars. With models like the Nexon EV, Tata Motors has significantly advanced the electric vehicle (EV) industry. The company is heavily involved in providing sustainable transport solutions and has smoothly moved itself to a rapidly expanding EV industry in India. Tata Motors always aims to create, partner, and participate in the country’s automotive sector, regardless of playing around the traditional automotive production with the future of electric mobility.
Hero MotoCorp (HEROMOTOCO)
The largest motorcycle and scooters manufacturer globally is Hero MotoCorp and it has its base in India. Hero MotoCorp became an independent company in 2011 after transitioning from its old name Hero Honda. Hero MotoCorp is well known for its bikes, mostly used to commute, and holds pretty much a sizable part of India’s market. This company wants to produce low-cost, fuel-efficient two-wheelers to address needs of different customer segments. An opportunity to also be a part of electric mobility has caught the eye of Hero MotoCorp. A very extensive network of distribution has achieved significant status in the Indian two-wheeler market known for its dynamics as well as competitiveness.
Bajaj Auto (BAJAJ-AUTO)
Bajaj Auto Limited is an Indian multinational manufacturer of two-and three-wheelers. The history of Bajaj Auto dates back to 1945. And today it is one of the most significant representatives in the Indian as well as the worldwide automobile sector. Indeed, the company is renowned for its wide variety of motor bikes, scooters, and auto rickshaws-as their main trademark. Bajaj Auto has a large number of longstanding relationships in markets situated abroad and it has developed an efficient working relationship with a few of the multinational brands.
Mahindra & Mahindra (M&M)
Mahindra & Mahindra is a great Indian multinational automotive conglomerate with a significant presence in automobile-land, agricultural, and aerospace industries. It is famous for different kinds of vehicles like SUVs, utility vehicles, and electric automobiles, contributed much to setting the trend of the automotive scenario in India. The company has had a successful journey for electric mobility products such as eVerito and eKUV100.
With the increase of global momentum towards sustainable mobility. Several top automobile manufacturers and progressive young entrepreneurs have launched state-of-the-art electric vehicle models, bringing technology on to new horizons. Because of the shift in preferences by prospective buyers who are looking for much more environmentally friendly options.The investors are flocking to electric vehicle stocks in India.
