This strategic move underscores Mercury EV-Tech’s dedication to enhancing its technological edge in the burgeoning electric vehicle market, aligning with the burgeoning demand for the best EV stocks in India. As of March 6, 2025, the company’s stock is currently trading at ₹7,452.00 with a slight rise of 0.10% and a market capitalization of ₹2.08T. Bajaj’s economic growth, inflation, and consumer spending patterns influence their demand, and hence, they are investing more in EV technology and infrastructure. According to the analysts, the minimum price of Bajaj Auto shares in 2029 could be ₹8,000, and the maximum price could be ₹8,650. Tesla Motors can be without a doubt considered one of the most recognizable companies on the automobile market of electric vehicles.
What is the EV share of Tata Group?
These acquisitions have not only broadened its product range but also strengthened its global presence. Power Grid is responsible for transmitting approximately 50% of India’s total power generation, a testament to its vast and efficient transmission network. This infrastructure is indispensable for the effective operation of EV charging stations nationwide. The company’s reliable power supply is a key enabler for the widespread adoption of electric vehicles, as it ensures consistent and efficient energy distribution for EV charging stations.
- Still, there’s a risk that its technology won’t work as well as expected or that competitors will develop a better product in that time.
- It’s also adding production capacity at its Japanese EV battery factory.
- NIO’s financial performance is improving reflecting better component costs and operational efficiencies.
- Xpeng’s G9 achieved the top spot in charging time and fifth in the range test during the El Prix 2024 Motor EV Winter Test, demonstrating its strong performance in severe winter weather conditions.
- Forward-thinking investors might want to consider adding battery makers to their portfolio to potentially profit from this megatrend.
It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories. It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium. In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.
Lucid Group (NASDAQ:LCID)
Our Electric Vehicles & Autonomous Driving Screen will help you spot high-potential stocks in this space. Interested investors should add Luminar Technologies (LAZR Quick QuoteLAZR – Free Report) , Li Auto (LI Quick QuoteLI – Free Report) and Rivian Automotive (RIVN Quick QuoteRIVN – Free Report) to their watchlist. The EV industry is revolutionizing the global automotive landscape, driven by technological advancements and environmental concerns. The big players of auto industry are heavily invested in electrifying their fleets. This way creating new opportunities in energy storage, charging infrastructure, and smart grid technologies.
Ford Motor Company (NYSE:F)
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. NIO’s strategy includes its battery-as-a-service endeavor, a subscription purchasing model where buyers lease vehicle batteries. The company says the idea behind this move is to reduce vehicle costs.
This SUV, featuring a 30.2 KWh lithium-ion battery, offers an impressive range of 312 km on a single charge. The incorporation of fast charging technology, enabling a charge from 0% to 80% in just 60 minutes, further elevates its appeal. Looking ahead, HBL Power Systems is poised for significant growth, with high expectations for its TCAS and TMS solutions. These innovations reflect the company’s forward-thinking approach and adaptability to the dynamic demands of the EV market. In a groundbreaking announcement in December 2021, Olectra Greentech revealed its ambitious plan to establish India’s largest electric bus factory, boasting an impressive capacity of 10,000 units. With an investment exceeding Rs 600 crore, this state-of-the-art facility, sprawling across 150 acres, marks a significant leap in India’s EV industry.
A landmark achievement for Ashok Leyland was the launch of the Circuit in 2016, India’s first indigenously produced fully electric bus. The Circuit is a zero-emission vehicle capable of covering 120 km on a single charge. It is equipped with an alert system that signals when the bus is low on power, ensuring operational efficiency and safety. Ashok Leyland’s collaboration with Australian company Eden Energy led to the development of hythane engines, a notable feat Ev stocks to watch in sustainable fuel technology. Before we dive into the best EV stocks in India, let’s understand what is driving the EV push.
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NIO’s focus on user experience, including its network of swap stations and mobile charging units, has built a loyal following. Its expansion into Europe and the launch of more affordable brands like ONVO signal ambition beyond China’s crowded market. With the world’s largest EV market as its home base, NIO’s innovative approach and growth trajectory keep it trending among investors eyeing global EV adoption. Sona BLW’s dedicated approach to the electric vehicle market is clearly reflected in its strategic partnerships, investment plans, and product initiatives. In the rapidly evolving EV landscape, Amara Raja Batteries has developed a comprehensive roadmap to invest in Giga factories for manufacturing lithium-ion cells and offering battery pack and EV charging solutions.
- Whether you’re excited about the rise of cleaner, greener cars—or the possibility of never having to drive one again—this space is full of innovation.
- Amid low lithium prices in 2024, Albemarle had to cut back on overhead and its capital expenditures to account for the market weakness.
- But now, Rivian is preparing to reach a much larger audience with its upcoming R2 — a more affordable electric SUV priced around $45,000.
- Among these, major continents, including North America and Europe, are experiencing significant changes.
- Major producers are investing heavily to meet the demand for higher-capacity and lower-cost batteries.
In addition to its core operations, Power Grid Corporation of India has ventured into the telecom sector, maximizing the use of its spare telecommunication capacity from unified load dispatch center (ULDC) schemes. This strategic diversification utilizes the company’s extensive transmission infrastructure and could be instrumental in addressing the communication needs of an evolving smart EV charging network. This strategic move paved the way for the launch of the electric Indica hatchback in Europe. A key highlight of HBL’s portfolio is its Electric Drive Trains, ingeniously designed for retrofitting in commercial vehicles. This technology enables the replacement of traditional engines with electric alternatives, marking a substantial advancement in sustainable transportation. JBM Auto, a subsidiary of the esteemed JBM Group, has emerged as a formidable player in India’s electric vehicle (EV) landscape.
Tata Passenger Electric Mobility, a subsidiary of Tata Motors, has been instrumental in producing electric cars under the Tata Motors brand. The range of Tata electric vehicles includes the Tata Nexon EV, Tata Tigor EV, Tata Altroz EV, Tata Tiago EV, and Tata Ace EV, showcasing the company’s diverse and innovative portfolio. HBL Power Systems, a distinguished Indian company, has carved a niche for itself with its profound expertise in battery manufacturing, emerging as a notable force in the electric vehicle (EV) industry. This expertise positions it as one of the best EV stocks in India, catering to the evolving needs of the modern EV market. Lucid Group, Inc. a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems.
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Tata Motors has its major focus on the development and expansion of its EV portfolio. As of March 6, 2025, the company’s stock is currently trading at US$2.17, with a rise of 3.33% and a market capitalization of US$6.32. The primary focus of the company lies in increasing the production of Lucid Air (a luxury electric sedan made by Lucid Motors). Whether you’re excited about the rise of cleaner, greener cars—or the possibility of never having to drive one again—this space is full of innovation. And for investors, it might just be one of the most electrifying corners of the market to explore right now.
Bajaj Auto Limited
JBM Auto’s strategic initiatives and product introductions are a clear indication of its unwavering commitment to the electric vehicle space and its status as one of the best EV stocks in India. Investors who prefer to aim and align their portfolio based on future trends and support the green revolution can find EV stocks as long-term financial gains. Though considering all the pros and cons, investors will have to carefully assess the possible challenges and risks in the EV industry. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.62% per year.
LCID shall deliver approximately 20,000 vehicles by the end of 2025, which aligns with the company’s strategy. Rivian Automotive, Inc. (RIVN) is an American EV manufacturer that has earned remarkable attention in the stock market. Rivian’s stock has experienced volatility, as is common with growth-oriented EV companies. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
The U.S. company is just beginning to test its battery technology at scale. It plans to start producing more than 200,000 batteries annually, although it currently doesn’t generate any revenue. The battery maker remains well positioned to supply EV batteries to all the major automakers that have unveiled grand plans to produce EVs. While Panasonic isn’t a pure-play EV battery company, it’s likely to remain a leader in the sector.
