In the share market companies come and Introduce their company share Price in front of People and Collect Funds by selling their company share. After collecting funds Company worked on the Development of its Infrastructure and Working Growth.
People are investing their amount in these companies’ shares and become Particular Shareholders of these companies. When a Company’s value increases then its share price also Increases and Gives a good Return For Investors.
In the Modern time, New Technologies are coming into the market. In Which the EV Concept is becoming blooming. Most of the Country accepts this EV concept and Sees it as a Future.
If you are planning to invest in EV Companies then you are in the right article. In this article, we will cover the Top 10 Ev Stocks In India 2024 and Complete a details Analysis of these Stocks. Let’s Delve into the article and Know more about this.
What is Ev Stocks?
EV stocks are related to Electric Vehicle Stocks. In this Category are those companies that are working on manufacturing, design, EV software, batteries, motors, charging stations, and many other Ev-related works.
Why EV Sector Blooming?
In modern times, the EV Concept is booming worldwide. And People are Seen its as a Future.
The main Reason Behind the blooming of the EV Concept is the decrease in natural resources like Petrol, Diesel, Coal, and Bio gasses, and many other important Resources. Increase Pollution, Increase Global Warming due to pollution.
Electric vehicles are a pollution and Eco-Friendly concept. Which is Help to Decrease Pollution and Eco-Friendly Environment.
Also Read This: Top 10 Highest Stockholders in 2024 India
Top 10 EV Stocks In India 2024
In the Top 10 EV Stocks In India 2024, We Shortlist Categories According to their Performance, Market capitalization, and their Working Segments.
Tata Motors Limited
In the Top 10 EV Stocks In India 2024 Categories Tata Motors Limited comes First.
Tata Motors is indian based Private-sector sector company that was Established in 1945 by Jehangir Ratanji Dadabhoy Tata.
It manufactures Vehicle Commercial, Armed Vehicle, SUVs, Passengers, And Electric Vehicles.
It’s Working On a Multinational Level and its have a worldwide Manufacturing plant.
The Market capitalization Of Tata Motors is Rs 368690 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 112076 |
| Sept 2023 | 106759 |
| June 2023 | 103597 |
| March 2023 | 107509 |
| Dec 2022 | 89619 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 46.37% |
| Foreign Institutions | 18.62% |
| Retail and Others | 18.61% |
| Mutual Funds | 10.37% |
| Other Domestic Institution | 6.02% |
Maruti Suzuki India Limited
In the Top 10 EV Stocks In India 2024 Categories Maruti Suzuki India Limited comes Second.
Maruti Suzuki India Private Limited is an Indian MNC Company Which is a Joint venture agreement with Suzuki Japan and Maruti Udyog Limited.
This company manufactures and Designs vehicles and covers the large market capitalization in the indian Market.
The Current market capitalization of Maruti Suzuki India Limited is Rs 390634 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 34509 |
| Sept 2023 | 38233 |
| June 2023 | 33317 |
| March 2023 | 32803 |
| Dec 2022 | 30108 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 58.19% |
| Foreign Institutions | 20.60% |
| Retail and Others | 3.44% |
| Mutual Funds | 11.83% |
| Other Domestic Institution | 5.94% |
Bajaj Auto
In the Top 10 EV Stocks In India 2024 Categories Bajaj Auto Limited comes Third.
Bajaj Auto is Indian based Private sector that was established On November 29, 1945, by Jamnalal Bajaj, and Rogen Frias.
This Company is a Multinational Company and Comes under the Automobile manufacture Sector.
Bajaj Auto World Third largest Three- Wheeler and Two Wheeler Manufacturing Company.
This Company is working on Electric vehicles and launched three-wheeler and Tow tow-wheeler electric Vehicles.
The Current market Captilization of Bajaj Auto Limited is Rs 255107 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 12522 |
| Sept 2023 | 11207 |
| June 2023 | 10663 |
| March 2023 | 9193 |
| Dec 2022 | 9589 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 54.94% |
| Foreign Institutions | 14.65% |
| Retail and Others | 22.76% |
| Mutual Funds | 5.32% |
| Other Domestic Institution | 2.34% |
Mahindra & Mahindra
In the Top 10 EV Stocks In India 2024 Categories Mahindra & Mahindra comes Fourth.
Mahindra & Mahindra is indian based Private Sector Company that was Established on October 2, 1945, by J. C. Mahindra, K. C. Mahindra, and Malik Ghulam Muhammad.
This Company comes under the manufacturing and distributor of the automobile Sector.
In India currently, People are Taking an interest in purchasing Mahindra brands Car. In Past years this Company has been Bloom in the Car market.
This Company manufactures and Designs passenger cars, Commercial vehicles, SUVs, Trucks, Electric Vehicles, and, many more.
Apart from the Manufacturing business, it’s Working in another segment in which Finance, Banking, and other Services come.
The Current Market Capitalization of Mahindra & Mahindra is Rs 258511 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 35810 |
| Sept 2023 | 35027 |
| June 2023 | 34699 |
| March 2023 | 32850 |
| Dec 2022 | 30920 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 19.32% |
| Foreign Institutions | 40.87% |
| Retail and Others | 13.55% |
| Mutual Funds | 13.06% |
| Other Domestic Institution | 13.21% |
TVS Motor Limited
In the Top 10 EV Stocks In India 2024 Categories TVS Motor Limited comes Fifth.
TVS Motor Company is indian based Private Sector company that was established in 1978 by T. V. Sundaram Iyengar.
This Company comes under the manufacturing of automobile Sectors And Working at a Multinational Level.
In its Products List, Two Wheelers and Three Wheelers are Comes. Currently, this company is also manufacturing the Electric Scooter.
The Current market Captilization of TVS Motors is Rs 98277 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 10126 |
| Sept 2023 | 9984 |
| June 2023 | 9142 |
| March 2023 | 8099 |
| Dec 2022 | 8075 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 50.27% |
| Foreign Institutions | 19.27% |
| Retail and Others | 9.47% |
| Mutual Funds | 17.87% |
| Other Domestic Institution | 3.13% |
JBM Auto Ltd.
In the Top 10 EV Stocks In India 2024 Categories JBM Auto Limited comes Sixth Position.
JBM Auto Limited is indian based private-sector company that was established in 1990.
This Company comes under the manufacturing and Design of the Automobile Sector.
JBM Auto Limited designs Automobile Components, ells sheet metal components, tools, and manufacturing electric buses and maintenance Contracts of buses.
The current market capitalization of JBM Auto Limited is Rs 20973 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 1350 |
| Sept 2023 | 1239 |
| June 2023 | 950 |
| March 2023 | 1013 |
| Dec 2022 | 962 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 67.53% |
| Foreign Institutions | 2.82% |
| Retail and Others | 29.61% |
| Mutual Funds | 0.04% |
| Other Domestic Institution | – |
Hindustan Copper Ltd.
In the Top 10 EV Stocks In India, 2024 Categories Hindustan Copper Limited comes in Seventh Position.
Hindustan Copper is Indian based government Sector Company that was Established on November 9, 1967.
This Company Comes Under the mining Sector and Runs under the Ministry of Mines Government of India.
Hindustan Copper Limited mines the Copper and another mineral that is used for Manufacturing the batteries and Diode.
Apart From this its Mining Products are Gold,s, Silver, Nickel Sulphate, Selenium, tellurium, and many Other minerals.
The Current market capitalization Of Hindustan Copper Limited is Rs 31153 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 409 |
| Sept 2023 | 393 |
| June 2023 | 385 |
| March 2023 | 611 |
| Dec 2022 | 569 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 66.14% |
| Foreign Institutions | 2.05% |
| Retail and Others | 18.13% |
| Mutual Funds | 6.24% |
| Other Domestic Institution | 7.44% |
Servotech Power Systems Ltd.
In the Top 10 EV Stocks In India 2024 Categories Servotech Power Systems comes in Eighth Position.
Servotech Power Systems Limited is indian based Private Sector Company that was established In 2004.
This Company comes Under Manufactures Sectors.
Its main products are Solar Panels, lighting Products, Solar investors, LED, Squad Series (DC Charger), EV Charger, and AC Charger. Solar batteries, Solar management unit Etc.
The Current Market Captilization of Servotech Power Systems Limited is Rs 1985 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 52.20 |
| Sept 2023 | 86.59 |
| June 2023 | 79.82 |
| March 2023 | 120 |
| Dec 2022 | 86.36 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 61.37% |
| Foreign Institutions | 4.47% |
| Retail and Others | 33.89% |
| Mutual Funds | – |
| Other Domestic Institution | – |
Olectra Greentech Ltd.
In the Top 10 EV Stocks In India 2024 Categories Olectra Greentech limited comes in Nineth Position.
Olectra Greentech Limited is Indian based Private Sector Company established in 2000.
This Company Comes under the Manufacturing Sector. Its main products are Polymer insulators and Electrical Buses.
Apart from this this Company is manufacture E- Bus Division, E- truck Division.
Electric Buses are K9 Buses, K7 Buses, and K6 Buses are Comes.
Other models are the CX2 Electric Coach bus, iX Electric Bus, v2 Electric Bus, and X2 Electric Buses.
The Current Market Captilization of Olectra Greentech Limited is Rs 15762 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 345 |
| Sept 2023 | 310 |
| June 2023 | 217 |
| March 2023 | 376 |
| Dec 2022 | 258 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 50.02% |
| Foreign Institutions | 7.79% |
| Retail and Others | 42.05% |
| Mutual Funds | 0.09% |
| Other Domestic Institution | 0.06% |
HBL Power Systems Ltd
In the Top 10 EV Stocks In India 2024 Categories HBL Power Systems Limited comes in Tenth Position.
HBL Power Systems Limited is indian based Private Sector Company that was Established in 1986.
This Company Comes Under the Manufacturing Sector. Apart from this Company is Works Design and Development.
Its main products are Manufacturing Batteries and Electronic Solutions.
The Categories Of batteries are Industrial batteries, Defence, and Aviation batteries are Comes.
Apart From this Company manufactures the Passenger Buses and electric Drive Train kits for Retrofitting Light Commercial vehicles. And Batteries Specialization such as Fighter aircraft, Torpedoes, unmanned aerial Vehicles, etc.
The Current Market Captilization of HBL Power Systems is Rs 13592 Crore.
Quarterly Report Analysis
| Quarter Year | Revenue (Crore) |
| Dec 2023 | 605 |
| Sept 2023 | 560 |
| June 2023 | 470 |
| March 2023 | 408 |
| Dec 2022 | 338 |
| Website | Groww. in |
Company Share Holding Pattern Details
| Share Holders | Percentage |
| Promoters | 59.11% |
| Foreign Institutions | 2.66% |
| Retail and Others | 38.18% |
| Mutual Funds | 0.05% |
| Other Domestic Institution | – |
Conclusion
With the increase in Future demand for the Electric Concept, there is more chance to increase the share price of EV industries. Due to Decrement in Natural Resources, this Concept is accepted at the worldwide Level.
In the Upcoming time, modernization is Done in EV industries Which directly Indicates the Demand and Supply of EV equipment in the Future which affects EV and other related sectors.
In this article, we covered the Top 10 EV stocks In India 2024 and Related Facts. If you have any suggestions related to this Article then Drop your Suggestions into the Comment Box.
Which EV stock will grow the most in India?
Tata Motors Limited
Maruti Suzuki India Limited
Bajaj Auto
Mahindra & Mahindra
JBM Auto Ltd.
HBL Power Systems Ltd
Olectra Greentech Ltd.
Servotech Power Systems Ltd.
Hindustan Copper Ltd.
TVS Motor Limited
Do EV stocks have a future?
Due to Decreased Natural Resources, the EV Concept is the best option for Complete Demand that reason behind we Seen Ev as a Fututre option.
Are EV stocks on the rise?
Due to increased demand for Batteries and EV-related materials EV stock prices are increasing.
What is the full form of EV stock?
The Full form Of EV Stocks is electric vehicle Stocks, which come from EV vehicle manufacturing Companies and other related Ev EV-related products like batteries, insulators Etc manufacturing companies.
Which company investing in EVs?
In India many Companies are investing in EV industries and launching their Products in the Market These Companies are Tata Motors, Eicher Motors, Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Greaves Cotton, Amara Raja Batteries, Exide Industries, Tata Power, Ashok Leyland Etc.
