5 Best Electric Vehicle Companies to Buy Stock!

EV Battery Stock Market Me Sabse Achhi Companies: Since 2022, the demand for electric vehicles has increased across the world and as the demand for something increases, many more companies come into competition, and many of them All companies achieve good positions. Today we will tell you the analysis of such electric vehicle companies in which you can make big money by buying stocks.

However, if we talk about top level companies, there are many companies like Tata Motors, Mahindra, Olectra Greentech, Exide Industries and many more which are making waves in the world of electric vehicles. If you want to invest in electric vehicle companies, then read this EV Battery Stock Market Me Sabse Achhi Companies article so that I can tell you after analyzing these companies properly.

Table of Contents

Best companies in battery stock market

• • Tata Motors LTD

• • Olectra Greentech LTD

• • Exide Industries Ltd

• • Hero MotoCorp And Amara Raja Energy & Mobility

Best companies in battery stock market:

Tata Motors comes first in terms of electric vehicle investment, which as of November 2023 report holds 14.85% market share in India. For your information, let us tell you that according to the report of November 2023, Tata Motors had sold 53,539 passenger vehicles. It is followed by Olectra Greentech, Exide Industries, and Mahindra.

The best company to invest in two wheeler and three wheeler electric vehicle stock is Hero MotoCorp, and the next company is Amara Raja Energy & Mobility which manufactures batteries. If you want to know in more details then read the paragraphs of this EV Battery Stock Market Me Sabse Achhi Companies article given below.

Tata Motors LTD

Let us tell you that Tata Motors manufactures Trucks/Lcv in the automobile sector, which comes under Ratan Tata’s Tata Group, which is far ahead in the matter of electric vehicles, which means that Tata Motors has the first number in India. For this, let us tell you that the current market price of Tata Motors is Rs 937.15.

For your information, let us tell you that Tata Motors is currently worth ₹ 3,11,438.53 Cr. The market capitalization is 0.21% and the debt of Tata Motors is ₹ 18,872.44 Cr. You can check out what are the other company essentials of Tata Motors by clicking on the link given below.

Olectra Greentech LTD

Olectra Greentech Ltd. (NSE: OLECTRA, BSE: 532439) operates in the Automobile-Truck/LCV sector and has a market cap of ₹16,691.12 crore. The company has 8.21 crore shares with a face value of ₹4 per share.

Compared to peers like Tata Motors, Ashok Leyland, Force Motors, and SML Issues, Olectra Greentech shows high market valuations and high growth potential with a high P/E ratio (185.99) and P/B ratio (18.40). However, its EPS, ROE, and ROCE are comparatively low. Investors should carefully evaluate a company’s financial performance and growth prospects before making investment decisions.

Exide Industries Ltd

Exide Industries Ltd (NSE: EXIDEIND, BSE: 500086) has a market capitalization in the battery sector and operates with a market capitalization of Rs 517 thousand on NSE and Rs 5 thousand on BSE, which indicates a good presence in the industry. On February 23, the stock closed at Rs 329.60 on the BSE. In today’s trade, the highest price was Rs 334.95 and the lowest price was Rs 329.10. In the last one year, the highest price of the stock has been Rs 354 and the lowest price has been Rs 170.50, reflecting the market sentiment and waves of performance of the company.

The comparison between different battery manufacturing companies has been very good. A comparison of Exide Industries, Amara Raja Energy, HBL Power Systems, Eveready Industries India, High Energy Batteries, and Indo-National products has been prepared. Exide Industries and Amara Raja Energy have higher cost-efficiency,

Whereas HBL Power Systems has excellence in P/E and ROCE. Eveready Industries India’s P/E and High Energy Batteries’ ROE are high, while Indo-National’s P/B and EV/EBITDA are low. The data obtained from this comparison can help in understanding the financial position and market performance of companies.

Hero MotoCorp And Amara Raja Energy & Mobility

Hero MotoCorp And Amara Raja Energy & Mobility: After two wheelers, Hero MotoCorp and Amara Raja Energy & Mobility are at a good position for very good electrical vehicles and people are also investing a lot in it. You can get information about it by visiting the Tikkar website.