India's EV market is set to grow from $34.80 billion in 2024 to $110.74 billion by 2029, driven by top EV stocks shaping a sustainable future.
India, the 3rd largest auto market, is investing $35,000 crore in green energy, aiming for 80% EV adoption in two/three-wheelers by 2030.
Mahindra & Mahindra, with a market cap of Rs 3,80,501.17 crore, aims for 30% EV sales by 2030, backed by global R&D and investors like Temasek.
Maruti Suzuki, with a market cap of Rs 3,54,974.65 crore, plans to invest Rs 1.25 lakh crore by FY31, launching 6 EVs, including one with 550 km range.
Tata Motors, with a market cap of Rs 2,96,393.46 crore, leads India's EV market with Nexon EV and innovative models like electric Jaguar.
Bajaj Auto, with a market cap of Rs 2,54,680.15 crore, saw Chetak EV sales rise 342% in FY23 and launched electric three-wheelers in 23 cities.
TVS Motor, with a market cap of Rs 1,19,144.72 crore, holds a 19% EV market share and leads in two-wheeler innovation with the iQube e-scooter.
Ola Electric, with a market cap of Rs 41,748.50 crore, is revolutionizing two-wheelers with its S1 scooters, produced at the Tamil Nadu Future Factory.
India's EV sector, driven by Tata Motors and Bajaj Auto, is boosted by policies, tech advancements, and offers promising investment opportunities.