In recent years, the Indian automobile landscape has undergone a transformation, and EV stocks India are leading the charge. Being in its early stages, the Indian EV market size was valued at USD 1.45 billion in 2021 and is projected to grow to USD 113.99 billion by 2029, at a CAGR of 66.52%. Interesting, right?
Now let’s understand the best electric vehicle stocks India.
What is EV Stocks India?
Electric vehicle stocks in India are shares or equities of companies that are actively involved in the electric vehicle (EV) industry. Investing in electric vehicle stocks in India means buying long term investment stocks that could shift the country’s towards electric mobility. These companies can be engaged in manufacturing electric cars, producing EV components like batteries and charging infrastructure, or providing related services.
Best EV stocks in India
Here is a EV Stocks list of the best EV stocks to buy in 2023 that could fuel your investment portfolio with promising returns.
Why Jump on the EV Sector Stocks Bandwagon?
Well, it’s not just a trend; it’s a smart move. Investing in EV stocks offers you a golden ticket to the future. From environmental benefits to market potential, the reasons are compelling.
You can dive into this exciting world through various avenues like buying individual stocks or ETFs. Now, here’s the kicker: Investing in a Electric Vehicle smallcase portfolio makes it incredibly efficient and easy. It’s like having a tailored roadmap for your investment journey. These portfolios are curated with a mix of handpicked EV stocks to diversify your risks and maximize returns. So, you don’t need to be a stock market expert– smallcase has got your back.
Best Electric Vehicle Stocks India – Overview
Let’s have a look at the best electric vehicle stocks in India that can be added to your EV stocks portfolio.
- Reliance Industries Ltd: This India’s conglomerate giant is led by billionaire Mukesh Ambani. A powerhouse with interests in petrochemicals, telecommunications, retail, and more.
- NTPC Ltd: National Thermal Power Corporation (NTPC) is India’s largest power utility company, generating electricity through coal, gas, and renewable energy sources.
- Maruti Suzuki Ltd: Maruti Suzuki is India’s leading automobile manufacturer known for producing reliable and affordable vehicles.
How Can You Invest in the Electric Vehicle Stocks in India?
Investing in electric vehicle (EV) stocks in India offers both environmental impact and financial potential. You can directly invest in individual EV stocks India or consider ETFs and mutual funds focusing on the EV sector. However, for a hassle-free method, invest in an electric vehicle smallcase. With over 200+ stocks regulated by 180+ managers, you can tap into growth smartly.
To Wrap It Up…
The EV industry in India is expected to continue to grow rapidly in the coming years. By 2030, the Indian government aims to have 100% electric vehicles in public transportation and 30% electric vehicles in the private sector. Thus, tapping into electric vehicle smallcase portfolios can be your ticket to reap the rewards of a greener future.