Best EV Stocks in India in August 2025 Based on 5Y CAGR: BEL, Himadri, Tata Motors & More

India’s EV and EV-supporting ecosystem continues to evolve, driven by government policies, technological advancements, and a shift in consumer behaviour towards sustainable mobility. 

The Ministry of Heavy Industries recently announced a scheme offering reduced customs duty of 15% on imported electric four-wheelers with a minimum CIF value of USD 35,000, aimed at attracting global EV manufacturers to set up shop in India. Additionally, approved applicants must commit to a minimum investment of ₹4,150 crore, reinforcing the government’s push to position India as a manufacturing hub for EVs.

In this article, we look at the best EV-linked stocks in India for August 2025 ranked by 5-year CAGR, net profit margin, and debt-to-equity ratio.

Best 10 EV Stocks in August 2025 (5-Year CAGR Basis)

Note: The stocks listed above have been filtered by a minimum market cap of ₹23,000 crore and then ranked by 5-year CAGR as of July 29, 2025.

Overview of 5 Best EV Stocks in August 2025 Based on 5Y CAGR

1. Bharat Electronics Ltd

Bharat Electronics Ltd (BEL), a state-owned enterprise, reported a 25% year-on-year growth in standalone PAT to ₹969.13 crore for Q1 FY26, compared to ₹776.14 crore in the same quarter last year. 

BEL continues to play a vital role in India’s EV-supporting ecosystem by supplying critical electronic systems for electric mobility infrastructure.

Key Metrics:

• ROE: 26.37%
• ROCE: 40.63%

2. Himadri Speciality Chemical Ltd

Himadri reported a 48% YoY increase in PAT to ₹183 crore for Q1 FY26. The company is increasingly focusing on clean energy materials, aligning with the EV sector’s push for advanced chemical and battery materials. 

This quarter marked a major milestone in Himadri’s ambition to become a global leader in clean technology chemicals.

Key Metrics:

• ROE: 16.31%
• ROCE: 21.00%

3. UNO Minda Ltd

UNO Minda recently launched LED blinkers for Royal Enfield motorcycles under its “Driving the New Technology” initiative. This product enhances safety and aesthetics and supports the company’s strategy to offer cutting-edge auto components in the EV and premium motorcycle segments.

UNO Minda continues to expand its presence in EV-centric lighting, switches, and electronics markets.

Key Metrics:

• ROE: 16.57%
• ROCE: 19.26%

4. Tata Motors Ltd

Tata Motors remains a key EV player in India, though it faced profit pressure in FY25 due to slowing demand and rising competition. Its subsidiary Tata AutoComp is crucial in manufacturing EV components and batteries. 

Tata Motors’ long-term EV plans and domestic leadership continue to anchor its position in the sector.

Key Metrics:

• ROE: 25.79%
• ROCE: 20.80%

5. Bharat Forge Ltd

Bharat Forge announced a strategic restructuring of its defence vertical and an upward revision in the acquisition of AAM India, which supplies axles for various vehicle categories.

This acquisition strengthens its foothold in the EV component supply chain, particularly for commercial EVs.

Key Metrics:

• ROE: 11.49%
• ROCE: 16.63%

Top EV-Related Stocks by Net Profit Margin in August 2025

Note: The stocks listed above have been ranked by their net profit margin as of July 29, 2025.

Best EV Stocks in August 2025 Ranked by Debt-to-Equity Ratio

Note: The stocks listed above have been ranked by their debt-to-equity ratio as of July 29, 2025.

Read More: Best Semiconductor Stocks in August 2025: ASM, CG Power, Hitachi & More Based on 5-Year CAGR.

Conclusion

The electric vehicle (EV) ecosystem in India is supported by a diverse set of industries—from electronics and chemicals to auto components and vehicle manufacturing. The data presented highlights how select companies are currently positioned in terms of growth, profitability, and financial structure. These insights offer a snapshot of how different businesses align with the broader EV landscape as of August 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.