Best EV Stocks in India in June 2025 Based on 5Y CAGR: Ashok Leyland, JBM Auto and More

India’s electric vehicle (EV) market is accelerating rapidly, supported by a strong policy framework and increasing consumer interest in sustainable mobility. The government is actively promoting EV adoption and advanced automotive technologies to reduce emissions and import dependency. 

India’s auto component sector which contributes 2.3% to the GDP and directly employs 1.5 million people has grown at a CAGR of 8.63% from FY16 to FY24, reflecting the sector’s resilience and growth potential. 

In this article, we take a look at some of the top EV stocks in India as of June 2025, based on their 5-year CAGR.

Best 5 EV Stocks for June 2025- 5yr CAGR Basis

Note: The stocks mentioned above have been selected and sorted based on 5Y CAGR as of June 02, 2025

Overview of 5 Best EV Stocks Based on 5Y CAGR

1. JBM Auto Ltd

JBM Auto reported a consolidated profit after tax (PAT) of ₹54.90 crore in the final quarter of FY24. Its net sales, including other operating income, grew by 10.75% year-on-year to ₹1,645.70 crore, up from ₹1,485.95 crore in the same quarter of the previous fiscal.

Incorporated in 1983, JBM Auto Ltd is engaged in the manufacturing and sells sheet metal components, tools, dies & moulds. It is the market leader in e-buses. 

Key Metrics:

• ROE: 16.09%

• ROCE: 25.44%

   

2. KPIT Technologies Ltd

KPIT Technologies Ltd reported a consolidated net profit of ₹244.7 crore for the March 2025 quarter, up from ₹164.4 crore in the same period last year. Revenue from operations rose by 15.97% year-on-year, reaching ₹1,528.3 crore in Q4 FY25 compared to ₹1,317.8 crore in the corresponding quarter of the previous fiscal.

KPIT is a global technology company with software solutions. KPIT Technologies has announced a collaboration with Mercedes-Benz Research and Development India (MBRDI) to accelerate the development and realisation of Software-Defined Vehicles (SDVs). 

Key Metrics:

• ROE: 31.08%

• ROCE: 44.44%

   

3. M&M Ltd 

Mahindra & Mahindra (M&M) reported a 21.85% year-on-year increase in standalone profit after tax, reaching ₹2,437.14 crore in Q4 FY25, up from ₹2,000.07 crore. Standalone revenue from operations rose 25% year-on-year to ₹31,353.40 crore, with a modest 3% increase quarter-on-quarter.

Mahindra & Mahindra (M&M) Ltd is one of the most diversified automobile companies in India. Mahindra's Auto and Farm segments continued to demonstrate robust performance.

Key Metrics:

• ROE: 25.79%

• ROCE: 20.08%

   

4. Tata Motors Ltd

Tata Motors posted a consolidated net profit of ₹8,556 crore for Q4 FY25, marking a 51.2% decline compared to ₹17,528 crore in the same quarter last year. The company's total income stood at ₹121,012 crore in the March 2025 quarter, slightly higher than the ₹120,431 crore reported during Q4 of the previous fiscal year.

Tata Motors Group is a leading global automobile manufacturer, it offers a wide and diverse portfolio of cars, SUVs, trucks, buses and defence vehicles to the world.

Key Metrics:

• ROE:15.37%

• ROCE: 17.69%

   

5. Ashok Leyland Ltd

Ashok Leyland reported a 38.4% year-on-year increase in net profit for Q4 FY25, reaching ₹1,246 crore. Its revenue from operations grew by 5.68% to ₹11,907 crore during the same period.

Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. 

Key Metrics:

• ROE:21.97%

• ROCE: 20.84%

   

Top EV Companies in June, Sorted by Debt-to-Equity Ratio

Note: The electric vehicle stocks listed above are sorted by debt-to-equity ratio as of June 2, 2025. 

Best Electric Vehicle Stocks in June Ranked by Net Profit Margin, 2025

Note: The Electric Vehicle Stocks listed above are sorted by their net profit margin as of June 2, 2025.

Read More: Best Semiconductor Stocks in India in June 2025: Tata Elxsi, Dixon Tech & More Based on 5-Year CAGR.

Conclusion

India's EV landscape is evolving rapidly, supported by a robust policy environment, increasing technological innovation, and growing investor interest. While each company comes with its own risk profile and financial dynamics, their sustained growth and contribution to EV adoption make them noteworthy contenders for investors tracking the sector's long-term potential.

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.