7 EV Stocks in India with highest returns in 2023

Web story by-

Abhishek Gautam

Why to invest in EVs?

Indian EV industry grew by 173% in  June 2023 with 1,181,600 million units in sales, compared to 2022.

TATA MOTORS

Market Cap - Rs. 1,84,603 Cr Yearly Profit - Rs. 2,414 Cr Dividend Yield - NA Yearly Returns - 10.83%

MAHINDRA LIMITED

Market Cap - Rs. 1,52,891 Cr Yearly Profit - Rs. 6,577 Cr Dividend Yield - 0.90% Yearly Returns - 34.3%

HERO MOROCORP

Market Cap - Rs. 54,612 Cr Yearly Profit - Rs. 2,810 Cr Dividend Yield - 3.66% Yearly Returns - 7.46%

EXIDE INDUSTRIES

Market Cap - Rs. 17,697 Cr Yearly Profit - Rs. 4,367 Cr Dividend Yield - 0.96% Yearly Returns - 23.87%

AMAR RAJA BATTERIES

Market Cap - Rs. 10,303 Cr Yearly Profit - Rs. 695 Cr Dividend Yield - 1.01% Yearly Returns - 7.29%

HIMADRI SPECIALITY

Market Cap - Rs. 5,598 Cr Yearly Profit - Rs. 216 Cr Dividend Yield - 0.15% Yearly Returns - 6.18%

OLECTRA GREENTECH

Market Cap - Rs. 5,759 Cr Yearly Profit - Rs.  65.59 Cr Dividend Yield - 0.06% Yearly Returns - 6.01%

List of EV Stocks in India with high returns in 2023:

1. Mahindra Limited - 34.4% 2. Tata Motors - 10.93% 3. Hero MotoCorp - 7.46% 4. Exide Industries - 23.87% 5. Amar Raja Batteries - 7.29 6. Himadri Speciality - 6.18% 7. Olectra Greentech - 6.01%

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