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

India’s EV and allied ecosystem is steadily growing, supported by government initiatives, new technologies, and rising consumer preference for green mobility.

The Ministry of Heavy Industries has recently rolled out a policy offering a reduced 15% customs duty on imported electric four-wheelers priced at a minimum CIF value of USD 35,000. The move is designed to attract global EV makers to establish operations in India. To qualify, applicants must also commit to investing at least ₹4,150 crore, highlighting the government’s efforts to make India a key EV manufacturing hub.

In this article, let’s check the top EV-related stocks in India for October 2025, ranked based on their 5-year CAGR.

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

Note: The above best EV stocks in October 2025 have been shortlisted based on a minimum market cap of ₹23,000 crore and ranked according to their 5-year CAGR as of Sep 29, 2025.

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

1. Bharat Electronics Ltd

Bharat Electronics Ltd (BEL), a government-owned company, posted a 25% year-on-year rise in standalone PAT, reaching ₹969.13 crore in Q1 FY26, up from ₹776.14 crore in the same quarter last year.

BEL remains a key player in India’s EV ecosystem, providing essential electronic systems that support electric mobility infrastructure.

Key Metrics:

• EPS: 7.50
• ROE: 31.50%

2. Himadri Speciality Chemical Ltd

Himadri Speciality Chemical Ltd posted a 48% year-on-year rise in PAT, reaching ₹183 crore in Q1 FY26. The company is intensifying its focus on clean energy materials, supporting the EV sector’s demand for advanced chemical and battery solutions.

This quarter represents a significant step forward in Himadri’s goal to establish itself as a global leader in clean technology chemicals.

Key Metrics:

• EPS: 12.50
• ROE: 18.51%

3. UNO Minda Ltd

UNO Minda recently introduced LED blinkers for Royal Enfield motorcycles as part of its “Driving the New Technology” initiative. These products improve safety and design while supporting the company’s focus on advanced auto components for EVs and premium bikes.

The company is steadily growing its footprint in EV-related lighting, switches, and electronics markets.

Key Metrics:

• EPS: 15.42
• ROE: 21.56%

Conclusion

India’s electric vehicle (EV) ecosystem spans multiple sectors, including electronics, chemicals, auto components, and vehicle manufacturing. The data above illustrates how key companies are performing in terms of growth, profitability, and financial health. These insights provide a clear view of how various businesses are positioned within the evolving 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.