Tag Archives: Top Electric Vehicle (EV) Stocks in India (2024): Electric Mobility Portfolio

10 Best Shares To Buy Today For Long Term

10 Best Shares To Buy Today For Long Term

Do you have significant financial goals and dreams for your future? Well, investing in the stock market can help you achieve them. But let’s be honest: it is not a walk in the park. The market can be unpredictable and volatile, especially for short-term investments.

But how do you know which are good long-term stocks to buy? How can you spot stocks that stand resilient against market twists? Don’t worry— we have got your back!

We have compiled a list of the 10 best shares to buy today for long-term growth. Whether you are a pro-investor or just starting, our guide will help you make sound investment decisions. So, let’s dive in!

10 Best Long-Term Stocks to Buy in 2024

Choosing the right stocks is crucial. After all, it can be the difference between making a profit and hitting it big! Here are the 10 best shares to buy today for long-term:

Company StockMarket Cap (crore)Dividend Yield (%)Sales Growth (CAGR)Profit Growth (CAGR)
HDFC Bank₹11,69,0001.2318.7%19.9%
Hindustan Unilever₹6,04,4081.59.8%12.4%
Infosys₹6,79,0002.1610.5%8.9%
Reliance Industries₹18,40,0000.312.3%10.2%
TCS₹13,97,0001.328.7%9.5%
IndusInd Bank₹1,29,0000.8521.2%23.7%
Deepak Nitrite₹31,8050.324.9%55.6%
Eicher Motors₹1,03,8510.988.1%9.6%
ICICI Bank₹6,87,0000.815.9%13.5%
Asian Paints₹3,11,0000.89.1%14.2%

1. HDFC Bank

  • Market cap: ₹11,69,000 crore
  • Dividend yield: 1.23%
  • Sales Growth: 18.7% (CAGR)
  • Profit Growth: 19.9% (CAGR)

With a strong foothold in the retail banking sector, HDFC has a proven track record of delivering exceptional financial performance and high profitability. 

The company has a diversified loan portfolio, a low non-performing asset ratio, and a robust brand value. So, if you are looking for a stable and growing dividend income and capital appreciation, HDFC Bank is a solid choice.

2. Hindustan Unilever

  • Market cap: ₹6,04,408 crore
  • Dividend yield: 1.5%
  • Sales growth: 9.8% (CAGR) 
  • Profit growth: 12.4% (CAGR)

Are you seeking a resilient stock offering steady growth and dividends? Look no further than Hindustan Unilever! This company boasts strong corporate governance, a high return on capital employed, and a consistent dividend payout policy.

With a strong brand portfolio, a loyal consumer base, and a robust innovation pipeline, Unilever is a good bet.

3. Infosys

  • Market cap: ₹6,79,000 crore
  • Dividend yield: 2.16%
  • Sales growth: 10.5% (CAGR) 
  • Profit growth: 8.9% (CAGR)

If you want to invest in a company with a global footprint and a focus on innovation and research, then Infosys is the way to go! Infosys also has a healthy balance sheet, high cash flow generation, and a generous dividend payout policy. 

Plus, the company is well-positioned to benefit from the increasing demand for IT services and digital solutions.

4. Reliance Industries

  • Market cap: ₹18,40,000 crore
  • Dividend yield: 0.3%
  • Sales growth: 12.3% (CAGR)
  • Profit growth: 10.2% (CAGR)

Reliance is India’s largest conglomerate with diverse oil and gas, telecom, retail, digital, and media avenues. Its strong financial position and consistent dividends make it perfect for long-term investors.

So, if you want to benefit from diversification and digitalisation trends, choose this best long-term stock.

5. TCS

  • Market cap: ₹13,97,000 crore
  • Dividend yield: 1.32%
  • Sales growth: 8.7% (CAGR)
  • Profit growth: 9.5% (CAGR)

As India’s largest and most profitable IT services company, TCS boasts a global presence and a diversified service portfolio. With a loyal client base and a strong balance sheet, it is the best share to buy for the long term.

Plus, with its generous dividend payout policy, you can rest assured that your investment is in good hands.

6. IndusInd Bank

  • Market cap: ₹1,29,000 crore
  • Dividend yield: 0.85%
  • Sales growth: 21.2% (CAGR)
  • Profit growth: 23.7% (CAGR)

Looking for a rapidly expanding private-sector bank in India? IndusInd Bank is a name you can trust. With a sound financial position and consistent dividend payments, they cater to underbanked population segments. A value-oriented and growth-focused stock worth considering!

7. Deepak Nitrite

  • Market cap: ₹31,805 crore
  • Dividend yield: 0.3%
  • Sales growth: 24.9% (CAGR)
  • Profit growth: 55.6% (CAGR)

The company offers a killer combination of high revenue, low debt, and impressive free cash flow. It is one of the good stocks to buy for the long term.

So, if you are a long-term investor looking for value and diversification-oriented shares, Deepak Nitrite can boost your wealth creation.

8. Eicher Motors

  • Market cap: ₹1,03,851 crore
  • Dividend yield: 0.98%
  • Sales growth: 8.1% (CAGR)
  • Profit growth: 9.6% (CAGR)

Eicher Motors is the flagship company of the Eicher Group, with an incredible track record of delivering solid revenue and profit growth. It focuses on brand building, product innovation, network expansion, and customer loyalty! 

Moreover, the company has a high operating margin, return on equity, and free cash flow – making it one of the best stocks to buy for the long term.

9. ICICI Bank

  • Market cap: ₹6,87,000 crore
  • Dividend yield: 0.8%
  • Sales growth: 15.9% (CAGR)
  • Profit growth: 13.5% (CAGR)

ICICI shares are good stocks to buy for long-term investors who want to benefit from the growth potential of the Indian banking sector. 

The bank has a diversified portfolio, a low non-performing asset ratio, and a high return on equity. ICICI shares are trading at a reTop Electric Vehicle (EV) Stocks in India (2024): Electric Mobility Portfolioasonable valuation based on their PE, PEG, and EV/EBITDA ratios.

10. Asian Paints

  • Market cap: ₹3,11,000 crore
  • Dividend yield: 0.8%
  • Sales growth: 9.1% (CAGR)
  • Profit growth: 14.2% (CAGR)

As India’s most prominent paint company, Asian Paints has a dominant market share and an extensive distribution network. It could be an excellent choice if you want to put your money in a defensive stock with tremendous value!

Factors to Consider

Now you know the 10 best shares to buy today for the long term, but how do you assess which are right for you? Here are some crucial factors to remember:

  • Look at the company’s financial health, profitability, and competitive positioning.
  • You will also want to analyse industry growth prospects, considering market dynamics, competition, and technological shifts.
  • Reckon the leadership and management team’s track record and vision for the future.
  • Consider macroeconomic factors like interest rates and inflation that may impact a stock’s performance.

Summing Up

Investing in the stock market can be a lucrative approach that pays off in the long run. You can make informed decisions by selecting top-performing companies and considering key metrics. 

Remember to research well and make smart decisions, and you’ll be able to maximise benefits from your investments.

FAQs

2. Are these shares suitable for conservative investors?

No, not all shares are created equal! Some are perfect for traditional investors due to their stability and consistent performance. Speak to a financial advisor to align your investments with your goals and risk tolerance.

2. How should I allocate funds among these 10 best long-term stocks?

The best strategy is to diversify your investment across multiple sectors and companies. Consider your risk appetite, investment goals, and stock performance before parking your funds.

3. How often should I review my long-term investment portfolio?

You must check your portfolio quarterly or semi-annually. It allows you to assess the performance of your assets and make any necessary adjustments.

Top Electric Vehicle (EV) Stocks in India (2024): Electric Mobility Portfolio

Electric Mobility Portfolio

Reading Time: 16 minutes

Since flying cars weren’t viable in 2022, the paradigm shift from investing in traditional fuel guzzlers to investing in electric vehicle stocks in India is the new hot bait. 

Therefore, the Indian government views electric mobility as a key tool to reduce emissions and improve air quality with its ambitious 30% EV penetration target by 2030. 

Investors looking to get into an industry that is expected to grow exponentially in the upcoming years might consider investing in India’s electric vehicle stocks. So, no matter what level of experience you have, you can consider investing in electric vehicle stocks in India, on smallcase!

Let’s understand more about electric vehicle stocks in India through this blog. We will also highlight some of the best EV stocks to buy in 2023 and popular electric vehicle smallcases.

Table of Contents

  1. What are Electric Vehicle Stocks India? 
  2. List of Top Electric Vehicle Stocks in India
  3. Top Electric Vehicles Companies in India – An Overview
    1. HBL Power Systems Ltd
    2. Ecoplast Ltd
    3. Olectra Greentech Ltd
    4. Servotech Power Systems Ltd
    5. JBM Auto Ltd
    6. Avance Technologies Ltd
    7. Tata Motors Ltd
    8. Hindustan Copper Ltd
    9. Bajaj Auto Ltd
    10. Greaves Cotton Ltd
  4. Features of Best EV Stocks in India
  5. How to Invest in Electric Vehicle (EV) Stocks in India?
  6. Explore Readymade Stock Baskets for Electric Vehicle Stocks India
  7. Union Budget 2023-24
    1. Transition of the Auto Industry to Clean Mobility
  8. A Comprehensive Roundup of Indian EV Policies
    1. National Electric Mobility Mission Plan (NEMMP)
    2. Faster Adoption and Manufacturing of Electric Vehicles (FAME) Scheme
    3. State EV Policies
    4. Public Charging Infrastructure
    5. Green Urban Transport Scheme (GUTS)
  9. What Factors One Should Consider Before Investing in Electric Vehicle Stocks in India?
  10. What are the Benefits of Electric Vehicle (EV) Stock Portfolios?
  11. To Wrap It Up…
  12. FAQs

What are Electric Vehicle Stocks India? 

The full form of EV stock is electric vehicle stocks in India. This encompasses shares of companies involved in producing, manufacturing, and distributing electric vehicles, batteries, motors, EV software, and other charging stations.

In addition to having lower fuel costs (or none at all), electric vehicles emit significantly fewer emissions. Thus, this in turn, also benefits the environment. With the Indian government’s focus on electric mobility, the best EV stocks in India are slowly becoming the mainstream choice for consumers. Therefore, if you are interested, now might be the right time for you to start exploring EV stocks in India and other related sectors such as battery stocks in India.

List of Top Electric Vehicle Stocks in India

The best electric vehicle stocks in India are poised to benefit from the country’s push towards clean energy solutions. Hence, we have listed some of the top EV sector stocks in India with current EV share prices below.

Top EV CompaniesCategoryMarket Cap (in Cr)Stock Price
HBL Power Systems LtdBatteries₹14,645₹531.4
Ecoplast LtdChemical Commodity₹113₹383.85
Olectra Greentech LtdElectrical Components & Equipments₹17,525₹2,094
Servotech Power Systems LtdElectrical Components & Equipments₹2,126₹97.4
JBM Auto LtdAuto Parts₹ 28,163₹2,303.7
Avance Technologies LtdIT Services & Consulting₹241.79₹1.36
Tata Motors LtdFour Wheelers₹3,41,105₹925.7
Hindustan Copper LtdMining-Copper₹24,663₹250.1
Greaves Cotton LtdMachinery₹3,832₹161.65

Note: The data on the top electric vehicle company shares in India in the list is from 23rd January 2024.  However, for real-time updates on EV share price and market trends, visit the smallcase stocks collection today!

DISCOVER

Top Electric Vehicles Companies in India – An Overview

Let’s have a look at the best electric vehicle stocks in India down below:

HBL Power Systems Ltd

HBL Power Systems Ltd. is a leading provider of advanced battery and power electronics solutions. It caters to diverse industries globally. With a strong focus on research and development, this EV stock offers a comprehensive range of products and services. Therefore, this includes batteries for various applications such as automotive, industrial, defence, and telecom sectors. 

Ecoplast Ltd

Ecoplast Ltd. is one of the well-established Indian electric vehicle stocks. It has a strong presence in the production and supply of multilayer polyethylene films. Thus, they have been operating for over 40 years, earning a reputation for high-quality products, innovation, and reliable service.

Olectra Greentech Ltd

Megha Engineering and Infrastructures Ltd is a subsidiary. These types of EV shares of a company play a pivotal role in electric bus manufacturing. One of their bus models, the K9, has a special braking system that saves 30% of energy and charges faster. Therefore, they are also the only company making Tarmac electric buses for Indian airports.

Servotech Power Systems Ltd

Servotech Power Systems Ltd is a leading provider of power solutions. It specialises in the design, manufacturing, and distribution of a wide range of electrical equipment and systems. Such EV shares are primarily focused on various projects wherein the company has introduced solar panels for charging batteries and photovoltaic (PV) ports. Thus, the company’s products include Electric Vehicle (EV) Charger, Power & Backup, Light Emitting Diodes (LEDs), and other solar products. The EV Chargers include AC Charger and DC Charger. 

JBM Auto Ltd

JBM stands out as a major player in the electric bus manufacturing sector. The company plays a significant role in producing electric buses and associated components, thereby fostering the development of eco-friendly public transportation in India. Additionally, this electric vehicle stocks in India, JBM Auto serves as a charge point operator. Facilitating the establishment of EV charging infrastructure for cab aggregators in key Indian urban centres.

Avance Technologies Ltd

Avance Technologies Ltd is an India-based information technology (IT) company founded in 1985. Such EV shares specialise in helping businesses grow through a variety of digital marketing and technology solutions. From software development to hardware solutions, Avance Technologies leverages its expertise to deliver high-quality and tailored solutions. As a result, it drives efficiency and growth for businesses worldwide.

Tata Motors Ltd

It’s one of the oldest car makers around in India. They have three electric car models: Tata Nexon EV Prime, Tata Nexon EV Max, and Tata Tigor EV. Analysts recommend buying their stock as it’s considered a good deal right now.

Hindustan Copper Ltd

Hindustan Copper Limited (HCL) is a government-owned enterprise overseen by the Ministry of Mines, Government of India. Established on November 9th, 1967, it holds the distinction of being India’s sole entity dedicated to copper ore mining. HCL possesses exclusive mining leases for copper ore and operates as the sole integrated producer of refined copper. Additionally, it operates across three mines, two smelters, and one refinery situated in the Singhbhum Copper Belt of Jharkhand.

Bajaj Auto Ltd

Bajaj Auto Ltd. is one of India’s leading automobile manufacturers, renowned for its motorcycles, scooters, and three-wheeled vehicles. Through a press release, Bajaj Auto Ltd had announced a new Electric Vehicle manufacturing unit for India with Rs 300 Cr (USD 40 Mn). Regarding the new division, Mr. Rajiv Bajaj, the Managing Director of Bajaj Auto Ltd., has expressed his thoughts. “In 2001, Bajaj 2.0 embarked on a successful journey with the powerful Pulsar; now in 2021, Bajaj 3.0 emerges with the iconic Chetak. Moving ahead, all our research and development efforts are dedicated to crafting electric vehicle solutions.”

Greaves Cotton Ltd

Greaves Electric Mobility Private Limited (GEMPL), a division of Greaves Cotton Limited (GCL), stands as a prominent figure in India’s electric vehicle (EV) technology sector. Additionally, Greaves Finance Limited, a subsidiary of Greaves Cotton Ltd functioning as a non-banking financial company (NBFC), has forged a partnership with ElectricPe, an EV solutions provider. This collaboration operates through evfin, ElectricPe’s electric vehicle ownership platform, aiming to enhance accessibility to EV ownership. By teaming up, customers of ElectricPe can now benefit from tailored financing solutions provided by Greaves Finance, designed to suit their specific requirements and preferences. 

Features of Best EV Stocks in India

Choosing the best EV stock in India depends on your investment goals and risk tolerance. However, some key features to look for include:

  • Strong Financials: The best EV stocks should have a solid track record of profitability and positive cash flow.
  • Market Leadership: The company should be a leader in the Indian EV market, with a strong brand and a wide range of products.
  • Growth Potential: The electric vehicle stock company should be well-positioned to take advantage of the growing EV market in India.
  • Experienced Management Team: The electric vehicle stock company should have a management team with experience in the automotive industry and a clear vision for the future.

How to Invest in Electric Vehicle (EV) Stocks in India?

Are you ready to steer your investments towards an electrifying future? If yes, then you can consider Electric Vehicle stocks in India. With the world rapidly transitioning towards sustainable transportation, investing in EV stocks India has the potential to become a game-changer. And the best way to get in on the action is through a trusted broker account.

Explore Readymade Stock Baskets for Electric Vehicle Stocks India

Electric Vehicles (EVs) are revolutionizing the automotive industry, and there’s never been a better time to consider investing in this cutting-edge sector. But with so many EV companies and related stocks out there, finding the right investments can be a daunting task. That’s where smallcase comes in.

Introducing smallcase’s ready-made stock baskets for EVs – your ticket to jump-start your portfolio and tap into the enormous potential of the electric vehicle stocks India portfolio.

Thus, with smallcase, you can invest in multiple stocks with just one click. Further, smallcase portfolios are highly customizable, allowing you to add or remove stocks to suit your investment objectives.

Steps to Follow

Here’s how you can invest in EV stocks smallcases in India:

  • Sign up to create an account on a smallcase website or app and complete the KYC process.
  • Browse the available smallcases on the platform and look for those focused on EVs or renewable energy. Some popular options include the Electric Mobility smallcase or the Green Energy smallcase.
  • After finding an interesting smallcase, click on it to view the stocks in the portfolio and their historical performance.’
  • If you’re satisfied with the smallcase, click the “Invest” button with your preferred broker and enter the amount.
  • You’ll need to link your bank account to complete the transaction. Once you invest, the platform will add the smallcase to your portfolio.
  • Monitor the performance of the electrical vehicle smallcase over time and consider rebalancing your portfolio if necessary.

However, if you’re confused about which stocks to pick, you can explore smallcases:

  1. smallcases are readymade portfolios of stocks/ETFs, that are based on a theme idea or strategy
  2. They’re created and managed by SEBI-registered experts
  3. smallcase.com offers over 200+ stock portfolios, created by 180+ managers
  4. Some of the popular smallcases among new investors are as follows:

Disclosures for aforementioned smallcases

Disclosures for Green Energy smallcase

Union Budget 2023-24

Transition of the Auto Industry to Clean Mobility

“India is moving forward firmly for the ‘panchamrit’ and net-zero carbon emission by 2070 to usher in a green industrial and economic transition. This budget builds on our focus on green growth.”

The union budget for 2023-24 has been promising for the EV sector. On Wednesday, finance minister Nirmala Sitharaman spoke about green energy and electric vehicles in her Budget speech. 

Sitharaman extended a slew of positive policy developments around India’s G-20 presidency by announcing custom duty exemption for manufacturing lithium-ion batteries. As a result, setting up a manufacturing unit of EVs in India has become more affordable due to this celebration move.

Further, the investment of 35,000 crores demonstrates India’s commitment to the energy transition and aligns it with major countries like China. Additionally, with the push for the scrappage policy, the Central and state government will provide a 25% rebate road tax where “states will also be supported to scrap old vehicles and ambulances”. At last, the Union Ministry’s budget proposal for 2023-24 calls for increased EV adoption, which will increase the demand for EV chargers. As a result, investing in electric vehicle stocks in India can be a smart move for you if you’re interested in buying EV stocks India portfolio on a smallcase platform.

A Comprehensive Roundup of Indian EV Policies

India has been making significant efforts towards promoting the electric vehicles sector (EVs) as a sustainable mode of transportation. Here is a comprehensive roundup of Indian EV policies:

National Electric Mobility Mission Plan (NEMMP)

The NEMMP was launched in 2013 to promote EV development and adoption in India. The plan aims to achieve national fuel security and reduce vehicular pollution by encouraging hybrid and electric vehicles. The NEMMP plans to invest around Rs.14000 crores to foster R&D efforts and is projected to save 9,500 litres of crude oil.

Faster Adoption and Manufacturing of Electric Vehicles (FAME) Scheme

As part of NEMMP, the government even launched the FAME India scheme. This was to promote hybrid and electric vehicle manufacturing so India becomes completely electrified by 2030. It’s a governmental incentive scheme that focuses on four major areas. These include Technology development, Demand Creation, Pilot Projects, and Creation, Pilot Projects, and Charging Infrastructure.

State EV Policies

State EV policies refer to government policies and regulations implemented at the state level. This is to promote the adoption and usage of electric vehicles (EVs). These policies can vary depending on the state. It may include a range of measures such as financial incentives, regulations, and infrastructure development. Some notable ones include the Maharashtra EV Policy, Delhi EV Policy, Andhra Pradesh EV Policy, Tamil Nadu EV Policy, and Gujarat EV Policy.

Public Charging Infrastructure

Public Charging Infrastructure refers to the network of charging stations. It is related equipment that is publicly accessible and used for charging the electric vehicle sector (EVs). The government has set a target of establishing 69,000 public charging stations for EVs by 2025. To achieve this target, the government is providing financial incentives to companies to set up public charging infrastructure.

Green Urban Transport Scheme (GUTS)

The GUTS was launched in 2018 to promote the adoption of sustainable transport systems in cities. Therefore, the scheme provides financial assistance to state governments to develop urban transport infrastructure, including EV charging infrastructure.

What Factors One Should Consider Before Investing in Electric Vehicle Stocks in India?

Here are some of the essential factors to consider before investing in electric vehicle stocks list in india: 

  • Government Policies: The Indian government has been promoting the adoption of EVs through various policies, including subsidies and tax exemptions. Investors should monitor the government’s policies and regulations related to the best EV stocks India, as they can significantly impact the industry’s growth.
  • Market Potential: The electric vehicle market size is huge in India, with a growing middle class and increasing awareness of environmental issues. Investors should assess the stock market potential for EVs in India, as well as the competitive landscape for potential growth.
  • Check M&A’s (Mergers & Acquisitions): Mergers and acquisitions, or M&A, refer to combining two or more companies into one. Thus, an investor must search and pay extensive attention to these companies before making an investment decision.
  • Remove Losing Stocks from your Portfolio: Recovery from steep declines cannot be predicted. Therefore, recognize the patterns and sell the underperforming stocks. Additionally, avoid further losses as soon as you realize they are not churning out any profits.
  • What are the Benefits of Electric Vehicle (EV) Stock Portfolios?
  • EV stock portfolios in India offer several benefits, including:
  • Exposure to a Growing Market: Top EV stocks India provide investors with an opportunity to invest in a growing market. A report by BloombergNEF predicts that EVs will comprise 31% of global passenger vehicle sales by 2030.
  • Diversification: Electric vehicle stock portfolios in India offer diversification benefits for you. Thus, diversify risk across different industries like renewable energy, EV battery stocks, manufacturing, and charging infrastructure. You can also invest in electric vehicle battery stocks and EV charging station stocks in India.
  • Potential for High Returns: The electric vehicle growth in India could potentially translate into high returns for investors. As demand for EVs increases, companies with electric vehicle stocks in India could see their stock prices rise.
  • Environmental Benefits:  Investing in electric mobility stocks can also have ecological benefits. By supporting companies involved in the development and production of EVs, you can accelerate the transition to a low-carbon transportation system.
  • Favourable Government Policies: Governments worldwide are offering incentives and subsidies to promote the adoption of electric vehicles. Therefore, this supports the growth of the electric mobility industry.
  • Innovation and Technology: Electric vehicle stocks in India are still relatively new, and there is significant room for innovation and technological advancements, providing potential for future growth.
  • To Wrap It Up…
  • To conclude, electric vehicle stocks in India present an exciting possibility for an investment opportunity. Thus, investing in the top EV stocks portfolio may allow investors to gain exposure and potentially reap high returns. 
  • If you don’t want to miss out on the opportunity to be a part of the electric vehicle (EV) revolution, smallcase is here to help you. Take the first step toward a more sustainable and profitable future with smallcase today! Happy Investing!
  • FAQs
  • 1. What are the best electric vehicle stocks should I buy?
  • The 5 best EV company shares in India are as follows: 
  • 1. HBL Power Systems Ltd
  • 2. Ecoplast Ltd
  • 3. Olectra GreenTech Ltd
  • 4. Servotech Power Systems Ltd
  • 5. JBM Auto Ltd
  • Note: This information is provided for educational purposes and is not intended as a recommendation or endorsement.
  • 2. How can I invest in electric vehicle stocks in India?
  • To invest in electric vehicle stocks in India, research and identify promising companies in the EV sector listed on Indian stock exchanges, open a Demat account, & then use a brokerage platform to buy stocks. Additionally, one can also invest in an electric vehicle stocks portfolio via smallcase to avoid any hassle.
  • 3. Will electric vehicle stocks be successful in India?
  • Yes, electric vehicle stocks in India or EV stocks India are likely to be successful in India. The country has a large population and a growing middle class, both could drive demand for EVs. However, investors must evaluate this risk appetite and investment goals before investing in EV stocks in India.
  • 4. Is it a good time to invest in EV stocks in India? 
  • The timing to invest in EV (Electric Vehicle) stocks depends on your financial goals, risk appetite and market conditions. Evaluate the EV sector stocks growth prospects, and company performance, and consider seeking advice from financial experts for personalised guidance.
  • 5. Who should invest in EV sector Stocks?
  • EV sector stocks are suitable for investors interested in sustainable technology, and potential long-term growth, and who understand the associated risks. Ensure it aligns with your investment goals and risk tolerance before investing. However, one must evaluate their risk appetite and investment goals before investing in the best electric vehicle stocks or EV stocks India.