Top EV stocks in India 2024

Top EV stocks in India 2024: Beyond Petrol, The Future is Electric

Industrial Trend- Electric Vehicle Market Growth and Projections

Indian Automobile Market Size: Top EV stocks in India 2024. Image Source: www.ibef.org.
Indian Automobile Market Size. Image Source: www.ibef.org.

Government Initiatives and Policy Support

Government Initiatives and Policy Support. Infographics source: www.ibef.org
Infographics source: www.ibef.org

Top EV Stocks In India in 2024

Top EV Stocks In India in 2024

Data collected as of 13th May 2024.

Let’s Explore Some Of These EV Stocks In India

TATA Motors

Exide Industries

Olectra Greentech Limited

TVS Motor Company Limited

Suzlon Energy Ltd

Company’s Datasheet

Company Sector Current Price (In ₹ ) Market Cap (In Crores) ROE Dividend Yield Debt-to-equity P/E Ratio 3-year Returns 1-year Return
TATA Motors Automobile ₹ 955 ₹ 3,50,160 49.4 % 0.19 % 1.26 10.9 50% 103%
Mahindra & Mahindra Limited Automobile ₹ 2,168 ₹ 2,69,547 18.1 % 0.74 % 1.65 24.2 44% 72%
JBM Auto Ltd Auto Ancillaries ₹ 1,804 ₹ 21,330 16.3 % 0.07 % 1.82 119 122% 144%
Hero MotoCorp Limited Automobile ₹ 4,737 ₹ 94,709 22.5 % 2.09 % 0.03 24.6 20% 87%
Exide Industries Limited Auto Ancillaries ₹ 437 ₹ 37,162 7.30 % 0.44 % 0.09 42.4 36% 138%
Bajaj Auto Limited Automobile ₹ 8,876 ₹ 2,47,794 26.4 % 0.89 % 0.07 32.2 33% 98%
Ashok Leyland Limited Automobile ₹ 192 ₹ 56,363 15.0% 2.61% 3.87 23.9 21% 32%
Olectra Greentech Limited Automobile ₹ 1,562 ₹ 12,818 8.76 % 0.02 % 0.13 167 108% 146%
TVS Motor Company Limited Automobile ₹ 2,027 ₹ 96,291 27.4 % 0.39 % 1.97 57.1 51% 67%
Suzlon Energy Limited Capital Goods - Electrical Equipment ₹ 38.4 ₹ 51,816 0% 0.00 % 0.04 105 97% 384%
Amara Raja Energy & Mobility Ltd Auto Ancillaries ₹ 1,041 ₹ 19,061 14.8% 0.59% 0.02 23.3 12% 71%
Sona BLW Precision Forgings Limited Auto Ancillaries ₹ 570 ₹ 33,428 20.4% 0.53% 0.15 68.1 % 11%

Data collected as of 13th May 2024.

Opportunities for the EV Stocks in India

Limitations and Challenges for the EV Stocks in India

Let’s Wrap it Up

Disclaimer

The blog is meant for informational purposes and serves the general analysis of the stocks. The contents provided here are based on careful research and analysis utilizing the fundamental and technical indicators over a while. The post does not have any direct recommendations about investing or trading in the securities market. Thorough research and careful consideration are necessary for individuals to fulfill their responsibility in making financial decisions. Seeking professional advice before making any financial decisions is always advisable.

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