List of the Top EV Stocks in India 2022 – Electric Vehicle Manufacturers in India: When it comes to transport, new technologies just keep popping up around the world. These alternative technologies in transport are mainly based around electric vehicles with many companies jumping on the bandwagon to get some traction before the industry gets a radical shift away from traditional fossil fuels.
This change can also be seen as a catchup that existing companies are trying to play in the electric vehicle (EV) segment with companies like Tesla and the bars set by them before it’s too late. Today, we take a look at the electric vehicle segment in India and the best EV stocks in India for investors to watch out for in this segment.
Table of Contents
Why Electric and What is the plan ahead?
Top EV Stocks in India – Leading Vehicle Manufacturers
Associated Industries & Stocks in Electric Vehicle Segment
List of Top EV Stocks in India for Investors
Closing Thoughts
Why Electric And What Is The Plan Ahead?
One of the major reasons why countries are forced into adopting an electric alternative is climate change. India according to Environmental Pollution Index (EPI) 2020 is ranked 168 out of 180 in terms of air quality.
One of the strategies adopted to combat this has been the push for electric vehicles (EVs). This will not only improve the environment but also India’s overall economic health. India currently imports crude oil and which sets us back in a deficit of approx $60 billion.

The aim set by the government has been 100% electrification by 2030. This is a humungous target considering the early stages of adoption that we currently are in.

The electric vehicle adoption rate in India is less than 1% according to a McKinsey&Company report. According to Bloomberg, in the six years leading up to October 2019, India has barely sold more than 8,000 electric cars. If compared to countries like China these sales figures are achieved in less than 2 days.

Some state government realizing their role have tried to eradicate one of the major barriers to owning an EV i.e. the high initial cost. This can be seen in the example of Maharashtra where subsidies were announced amounting to 1 lakh for electric vehicles. Consequently, Maharashtra had the highest sales volume since 2017 in the Indian electric car market.

The government has also realized that it is best to target their efforts toward the public transport system in the initial stages. This is because the purchase of EVs in the private sector will depend on major other factors like attractiveness etc. The public transport system being one of the most heavily used in a country like India will definitely offer a huge boost to the sector.

Top EV Stocks In India – Leading Vehicle Manufacturers
The Indian EV industry being in its nascent stages does not have an established market leader in all vehicle types. There are 10+ major players existing in the 2 wheeler segment, 3-4 in Electric buses, and a few in car manufacturing. The following are the top Electric Vehicle (EV) Manufacturers in India: #evstocks #stocks #sharemarket yash tv

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