The electric vehicle (EV) sector in India has been experiencing rapid growth, driven by government initiatives, rising fuel costs, and increasing consumer demand for sustainable transportation. Investors are now eyeing the EV industry as one of the most promising sectors for long-term investments.
With a host of established automobile giants and emerging startups entering the EV space, it is crucial to analyze the best EV stocks in India for 2025. In this blog, we will explore the top-performing EV stocks based on analyst ratings, market capitalization, and financial performance.
Best EV stocks in India 2025 as per analyst ratings
Stock analysts play a vital role in assessing companies based on financial health, market trends, and future potential. Below is a list of top EV stocks in India, ranked by analyst ratings:
These companies have been actively working on expanding their EV portfolio, making them strong contenders for future growth.
Top EV stocks in India as per market Capitalisation
Market capitalization is an essential indicator of a company's financial stability and market dominance. The table below highlights the leading EV stocks based on their market cap:
Tata Motors has emerged as the leader in India’s EV segment with its successful lineup of electric vehicles, such as the Nexon EV, Tigor EV, and Tiago EV.
Financial performance of top EV companies
While analyst ratings and market cap are crucial, the financial performance of a company determines its long-term growth prospects. Here’s a comparative analysis of the revenue and profit growth of top EV companies in India:
TVS Motor Company has shown the highest revenue growth CAGR of 13.93%, indicating strong financial performance in the EV sector.
EV stock returns over the years
For investors, understanding the historical returns of EV stocks is essential to making informed decisions. The table below showcases the stock price performance of leading EV companies over different time frames:
Tata Motors and TVS Motor Company have delivered exceptional returns over the last 3-5 years, proving their dominance in the EV space.
Future of EV stocks in India
With India's goal of achieving 30% EV adoption by 2030, the government has introduced policies such as:
- FAME II Scheme – Providing subsidies for EV adoption.
- PLI Scheme for ACC Batteries – Boosting domestic battery manufacturing.
- State-wise EV Policies – Offering incentives on road tax, registration, and charging infrastructure.
This government push, coupled with rising fuel prices and consumer demand, makes EV stocks a lucrative investment for the future.
The EV sector in India is poised for exponential growth, with leading automakers expanding their electric portfolios. Based on analyst ratings, financial performance, and past stock returns, the top EV stocks to watch in 2025 are:
- Tata Motors – Market leader in passenger EVs.
- Mahindra & Mahindra – Strong focus on electric SUVs.
- TVS Motor Company – Best-performing EV two-wheeler brand.
- Maruti Suzuki India – Entering the EV market with future models.
- Bajaj Auto – Expanding its electric scooter lineup.
As the EV revolution gains momentum, investors should consider adding these stocks to their portfolios for long-term growth.
