Best EV Stocks Under ₹100 for December 2025 Based on RoE- Motherson Sumi, Urja Global, & More

In the emerging electric vehicles (EV) market, it’s easy to get distracted by big names like Tesla, Tata and Mahindra. But every major trend has its quiet catalysts: companies that are often overlooked because of their low share prices and small market presence. Yet, some of them are steadily building the backbone of the EV ecosystem in India. Let’s take a look at them. 

Best EV Stocks Under ₹100 Based for December 2025 on Return on Equity (RoE) 

Overview of Best EV Stocks Under ₹100 for December 2025

Motherson Sumi Wiring India Ltd (ROCE: 43.19%)

Motherson Sumi Wiring is seeing strong demand from automakers and has delivered its best-ever quarterly revenue of ₹2,762 crore. Its EV share has risen from 5% to 7%, showing steady momentum in electric mobility. 

While its Greenfield plants are still loss-making, utilisation is improving and new facilities have contributed ₹190 crore in revenue. With healthy margins, strong ROCE, and rising EV content in vehicles, the company remains a high-quality supplier benefiting from India’s long-term shift to EVs.

RattanIndia Enterprises Ltd (ROCE: 8.47%)

RattanIndia’s EV arm Revolt Motors is rapidly scaling up its dealership network. It aims to double its outlets to 400 by FY26. The company expects volumes to triple in FY26 as it expands deeper into Tier-2 and Tier-3 markets, where EV adoption is accelerating. 

Revolt is also growing internationally, entering Sri Lanka and soon Nepal. Although ROCE is modest, the brand’s fast network expansion and rising demand make it a scalable EV play in the affordable bike segment. 

Urja Global Ltd (ROCE: 1.14%)

Urja Global has signed a major MoU with the Andhra Pradesh government to set up EV and lithium-ion battery plants with an investment of ₹200 crore. This will expand its manufacturing capacity. The company’s returns are still weak, but the new facilities and state support could help Urja transition into a larger EV-battery ecosystem player over time. 

Wardwizard Innovations & Mobility Ltd (ROCE: 27.36%)

Wardwizard has delivered a strong turnaround, with EBITDA turning positive in Q2FY26 and PAT back in profit. The company is improving cost efficiency and has secured a 7,500-unit leasing order, supporting volume visibility. 

Partnerships like BatterySmart enhance its battery-swapping ecosystem, strengthening its EV scooter strategy. With improving profitability and a healthy ROCE, Wardwizard is evolving from a niche EV player into a scaling two-wheeler EV brand with operational discipline.

Read more: Best PSU Stocks Under ₹100 - 5yr CAGR Basis - Indian Overseas Bank, NHPC & More.

Conclusion

EV stocks under ₹100 may not always make headlines, but many are steadily building the foundations of India’s electric mobility ecosystem. Companies like Motherson Sumi Wiring, Wardwizard, RattanIndia Enterprises and Urja Global show early growthcan translate into long-term potential. While risks remain high, informed investors with a demat account can track these emerging players closely to spot opportunities before they enter the mainstream. 

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.