Warren Buffet backed EV maker BYD enters India. Which are the best EV stocks to invest in 2022 in India ?

The electric vehicle market in India is growing rapidly and is gaining a lot of popularity.

Warren Buffet backed EV maker BYD enters India

Automakers are trying to tap into this new electric vehicle technology and make vehicles environment-friendly. We look at the best EV stocks in India. You have the opportunity to enter the EV investing market in India as we go towards a new phase in the auto segment. 

Also Read: Does owning an electric car in India make sense?

Warren Buffet's Build Your Dreams enters India's EV market

Warren Buffet's BYD is Tesla's rival in the electric vehicle segment and wants to own a 40% market share by 2030. Build Your Dreams has a vast portfolio containing electric vehicles, including utility vehicles, sedans, and hatchbacks. As demand grows, it wants to be a premium EV space player and will keep infusing new products into the Indian EV market. 

Let's look at the best EV stocks in India 2022. 

  1. Reliance Industries Limited The company has its hands in O2C (oil to chemicals), Retail, Financial Services, Digital services, etc. It is also involved in manufacturing, logistics, aviation fuel, bulk wholesale marketing, etc. Reliance also has digital services for which they deploy specific resources such as insurance broking and non-banking financial services. It is one of the best electric vehicle stocks in India. 
  2. TVS Motor Company Ltd. - The company produces three-wheelers, mopeds, scooters, and motorcycles. Its portfolio includes TVS Sport, TVS Raider, TVS Radeon, Apache Series,  TVS Jupiter, TVS Scooty Pep+, TVS StaR City +, and more. It is also in the EV market. The iQube is its EV offering in India, and one can use the ARRIVE app to find comprehensive information about the EV, including booking a test drive and placing orders. 

    Also Read: What subsidies are available for EVs?

  3. Tata Motors Ltd. - It is an international automaker manufacturer and has a diverse portfolio. Its offerings include buses, trucks, defense vehicles, SUVs, and other cars. It is also in the IT business, factory automation solutions, and machine tools. Some of its most popular offerings are the Land Rover and Jaguar brands. It is also in the EV market. It is one of the best electric vehicle stocks in India. 

The pandemic has shown how much pollution vehicles emit and the need for environment-friendly vehicles. The EV market is growing as a result, and automakers are shifting toward this technology rapidly. As an investment, weigh the pros and cons before investing in any electric vehicle stocks in India.

Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.


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