Which EV Stock to Buy for long term in India?
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For long-term investment in the Indian EV sector, the most recommended stocks are:
1. Tata Motors
Strong presence in passenger and commercial EV segments.
Robust financial growth with expanding EV model lineup (Nexon EV, Punch EV).
Strategic partnerships for charging infrastructure.
Focus on increasing EV sales mix to 30-50% by 2030.
2. Mahindra & Mahindra (Mahindra Electric)
Diverse vehicle portfolio including electric SUVs and three-wheelers.
Backed by strong funding and global investors.
Focused on rural and urban EV markets.
Long-term plan to raise EV share to 30% by 2030.
3. TVS Motor Company
Leader in electric two and three-wheelers.
Growing sales of TVS iQube e-scooter.
Investment in technology and market expansion.
4. Bajaj Auto
Strong in electric two-wheelers and three-wheelers.
Rapid growth in Chetak EV sales and electric three-wheelers.
Innovating with CNG powered vehicles.
5. Maruti Suzuki
Emerging EV player with launch plans from 2025.
Large market share in passenger vehicles.
Significant investment in EV model development.
Why these stocks?
They blend market leadership, strong financial performance, and a solid EV strategy aligned with India’s EV adoption goals.
They benefit from the government’s support towards clean energy and sustainable transport.
These companies focus on scaling production, expanding charging infrastructure, and innovating new EV models.
Investment Tip
For a balanced portfolio, consider diversifying among established auto manufacturers with EV exposure and new-age EV pure plays.
Monitor quarterly results, government policies, and infrastructure developments regularly.
These stocks provide strong potential for long-term growth in India's rapidly evolving EV market with relatively lower risk compared to smaller startups
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