Top EV Charging Station Stocks In India 2025

Introduction: The Rise of Electric Vehicles and the Growing EV Charging Infrastructure in India

India’s electric vehicle (EV) sector is on the rise, and it’s not hard to see why. As the country moves towards cleaner, more sustainable modes of transport, the demand for EVs is skyrocketing. The government’s push for EV adoption, combined with increasing environmental awareness, is paving the way for the future of transportation.

But what happens when the demand for EVs grows? One critical piece of the puzzle is the infrastructure that supports these vehicles — EV charging stations. With the growing number of electric vehicles on the road, the demand for charging stations is also increasing. This is creating a new opportunity for investors: EV charging station stocks.

In this blog, I will guide you through the top EV charging station stocks to consider for 2025. These companies are leading the charge (pun intended) in India’s EV infrastructure, and investing in them can potentially yield significant returns. Let's dive in!

Why Invest in EV Charging Station Stocks?

Before we dive into the individual stocks, let’s talk about why EV charging infrastructure stocks are such an attractive investment.

• Government Backing: India’s government has laid out aggressive plans to promote EV adoption, aiming for 30% electric vehicles on the road by 2030. This initiative is supported by subsidies, tax incentives, and policies aimed at encouraging the growth of EV charging stations.

• Growing Demand: As more people buy electric vehicles, the demand for reliable and easily accessible charging stations will continue to rise. This presents an excellent growth opportunity for companies involved in EV charging infrastructure.

• Sustainability Trend: With environmental concerns rising, the EV market and the charging infrastructure that supports it are aligned with the global push for sustainability.

Top EV Charging Station Stocks In India 2025

EV Charging Station Stocks In India 2025

1. Amara Raja Energy & Mobility Ltd.

Price & Market Cap: ₹957.60 (Market Cap: ₹17,526 Cr.)

Amara Raja Energy & Mobility is a leading player in India’s battery and energy storage market, and they’re increasingly making strides in the EV space. The company’s efforts in energy solutions make them a strong contender in the EV charging infrastructure sector.

• Sector: Batteries

• Key Metrics: Price-to-Book ratio of 2.32, TTM EPS of ₹47.01, Dividend Yield of 1.1%.

• Growth Potential: Amara Raja is investing heavily in research and development for EV batteries, a crucial component for the EV sector’s growth. Their focus on energy storage technology positions them as an important player in the charging infrastructure space.

Why Consider Amara Raja?
The company’s long-standing presence in the energy sector and its commitment to innovation make it one of the most promising stocks in the EV infrastructure space. They’re well-equipped to handle the growing demand for EVs and related charging solutions.

2. Bharat Electronics Ltd. (BEL)

Price & Market Cap: ₹382.45 (Market Cap: ₹279,562 Cr.)

Bharat Electronics, primarily known for its defense and aerospace products, has expanded its portfolio to include EV charging infrastructure. The company is increasingly focusing on smart charging stations and grid integration, making it a solid stock to watch.

• Sector: Defence/Electronics

• Key Metrics: P/E ratio of 50.83, TTM EPS of ₹7.52, Dividend Yield of 0.63%.

• Growth Potential: BEL’s government contracts give it a distinct advantage in securing deals for the establishment of EV charging stations across the country.

Why Consider Bharat Electronics?
BEL is well-established in the government sector and is now leveraging its expertise in electronics to diversify into EV charging. With increasing government investment in EV infrastructure, BEL is positioned to benefit from this growth.

3. Exicom Tele-Systems Ltd.

Price & Market Cap: ₹139.30 (Market Cap: ₹1,937 Cr.)

Exicom Tele-Systems is a niche player in the electric equipment sector, and they’re heavily involved in providing equipment for EV charging stations. Their focus on innovative solutions for electric vehicle infrastructure has earned them a strong reputation in the market.

• Sector: Electric Equipment

• Key Metrics: TTM EPS of ₹-15.20, P/E ratio: Negative

• Growth Potential: Although Exicom’s financials are not as strong at the moment, their long-term growth prospects are bright, especially as demand for EV charging stations increases.

Why Consider Exicom?
Exicom’s expertise in electric equipment, coupled with its focus on the growing EV sector, makes it a promising candidate for long-term investment. As EV adoption accelerates, the need for innovative charging solutions will grow, and Exicom is well-positioned to meet that demand.

4. Indian Oil Corporation Ltd. (IOC)

Price & Market Cap: ₹140.30 (Market Cap: ₹198,120 Cr.)

Indian Oil, one of India’s largest oil and gas companies, is making significant strides in the EV space. With a nationwide network of fuel stations, Indian Oil is now integrating EV charging stations into its service areas, positioning itself as a leader in the transition to electric vehicles.

• Sector: Oil & Gas/Refineries

• Key Metrics: P/E ratio of 11.73, TTM EPS of ₹11.96, Dividend Yield of 2.14%.

• Growth Potential: As more people adopt electric vehicles, IOC’s vast network of fuel stations gives it a unique advantage in providing EV charging solutions across the country.

Why Consider Indian Oil?
IOC has a solid track record and an expansive infrastructure that allows them to rapidly deploy EV charging stations. Their efforts to diversify into the clean energy space will likely provide long-term growth opportunities.

5. JBM Auto Ltd.

Price & Market Cap: ₹625.80 (Market Cap: ₹14,799 Cr.)

JBM Auto is an auto ancillary company focused on EV parts and infrastructure. Their involvement in the electric vehicle supply chain positions them well to benefit from the growing demand for electric cars and the corresponding need for charging stations.

• Sector: Auto Ancillary

• Key Metrics: P/E ratio of 12.12, TTM EPS of ₹8.68, Dividend Yield of 0.14%.

• Growth Potential: JBM’s focus on EV components, along with the rise of the electric vehicle market, places them in a strong position to grow.

Why Consider JBM Auto?
JBM Auto’s focus on electric vehicle components and infrastructure solutions makes it an interesting pick for those looking to capitalize on India’s shift to electric mobility. The company is well-positioned to benefit from increased demand for EVs and their related charging infrastructure.

6. NTPC Ltd.

Price & Market Cap: ₹336.20 (Market Cap: ₹326,001 Cr.)

NTPC is one of India’s largest power generation companies, and it’s now investing in renewable energy and EV charging infrastructure. With an expanding portfolio in clean energy and infrastructure, NTPC is well-placed to be a key player in India’s EV ecosystem.

• Sector: Power Generation/Distribution

• Key Metrics: P/E ratio of 10.99, TTM EPS of ₹24.71, Dividend Yield of 1.35%.

• Growth Potential: NTPC’s focus on green energy solutions, including EV charging infrastructure, aligns perfectly with the government’s push for sustainable development.

Why Consider NTPC?
NTPC’s extensive infrastructure and large market cap give it the resources needed to expand into the EV charging space. As the demand for clean energy increases, NTPC’s position as a leader in power generation and EV infrastructure makes it a strong candidate for long-term investment.

7. Servotech Renewable Power System Ltd.

Price & Market Cap: ₹122.91 (Market Cap: ₹2,775 Cr.)

Servotech is a renewable energy company that’s focusing on EV charging infrastructure. Their efforts to provide renewable energy solutions for EVs place them in a prime position as India’s EV market grows.

• Sector: Electric Equipment

• Key Metrics: P/E ratio of 11.42, TTM EPS of ₹1.43, Dividend Yield of 0.70%.

• Growth Potential: With a focus on both renewable energy and electric vehicles, Servotech is aligning itself with India’s future green energy goals.

Why Consider Servotech?
Servotech’s niche focus on renewable energy and EV charging makes it an attractive option for investors looking for specialized exposure to India’s growing EV market.

Conclusion: Why EV Charging Stocks Are the Future

The shift to electric vehicles in India is inevitable, and with it comes the growing need for a robust EV charging infrastructure. Investing in stocks that are part of this infrastructure, such as the ones mentioned above, can offer long-term growth opportunities.

These companies are at the forefront of India’s electric revolution, and as EV adoption accelerates, the demand for charging stations will follow suit. Whether you’re looking for established industry giants like Indian Oil or niche players like Exicom, there’s a stock for every kind of investor in this space.

Frequently Asked Questions

1. What are the top EV charging stocks to buy in India?
Some of the top stocks to consider are Amara Raja Energy, Bharat Electronics, Exicom Tele-Systems, and NTPC.

2. Why are EV charging stations important for the growth of electric vehicles?
EV charging stations are critical in ensuring that electric vehicles have the infrastructure they need to operate efficiently and effectively, making them essential to the adoption of EVs in India.

3. How can investors profit from EV charging station stocks?
Investors can profit from the growth of the EV market by investing in stocks of companies that are building and operating EV charging stations. As demand for EVs rises, so will the need for charging infrastructure, leading to potential stock appreciation.