Best EV Stocks in India 2025 – Tata Motors, Olectra, Wardwizard, Kinetic
By CapitalKeeper | EV Theme | Indian Equities | Market Moves That Matter
Day 1 – EV OEMs (Electric Vehicle Manufacturers)
Series: Green Energy & EV Ecosystem Theme | India 2025
2W | 3W | 4W | Buses | Commercial EVs
✳️ Introduction
India’s EV revolution is shifting gears rapidly, with strong backing from the FAME II subsidy, PLI scheme, state incentives, and an evolving consumer mindset. This makes EV OEMs (Original Equipment Manufacturers) the frontline beneficiaries of this transformation.
EV OEMs include players from:
- Two-wheelers (2W): Cost-conscious urban mobility
- Three-wheelers (3W): Fleet, logistics, last-mile
- Passenger cars (4W): Mass to premium shift
- Commercial vehicles (e-buses & e-trucks): Public transit revolution
🔍 Top EV Manufacturing Stocks:
- Tata Motors
- Olectra Greentech
- Wardwizard Innovations (Joy e-bike)
- Kinetic Engineering
1️⃣ Tata Motors Ltd
🔧 Fundamentals:
- Market leader in EV 4W with Nexon EV, Tiago EV, Tigor EV
- Major orders in commercial EV buses via Tata Passenger Electric Mobility
- ₹15,000 Cr investment plan in EVs
- Strong global exposure via JLR
📊 Technical Snapshot:
- CMP: ₹682
- Support: ₹658
- Resistance: ₹725 / ₹755
- RSI: 58 – Mild bullish zone
- MACD: Flat, waiting for trigger
- ADX: 27 – Setup developing
📈 Chart Setup:
✅ Strong long-term uptrend
✅ Consolidation post breakout
✅ 50 EMA acting as demand zone
🎯 Trade Strategy:
- Buy Range: ₹980–1,000
- Target 1: ₹1,045
- Target 2: ₹1,095
- Stop-loss: ₹955
2️⃣ Olectra Greentech Ltd
🔧 Fundamentals:
- India’s leading electric bus manufacturer
- Major EV bus supplier to public transport authorities (BEST, TSRTC)
- Tie-up with BYD for tech
- Govt’s 50,000 EV bus mission = major trigger
📊 Technical Snapshot:
- CMP: ₹1,226
- Support: ₹1,210
- Resistance: ₹1,300 / ₹1,320
- RSI: 63 – Bullish
- MACD: Positive divergence
- ADX: 35 – Strong trend
📈 Chart Setup:
✅ Breakout retest zone
✅ Higher highs pattern
✅ Low float – quick movers
🎯 Trade Strategy:
- Buy Zone: ₹1,226–1,230
- Target 1: ₹1,300
- Target 2: ₹1,320
- Stop-loss: ₹1,210
3️⃣ Wardwizard Innovations & Mobility (Joy e-bike)
🔧 Fundamentals:
- Focused on low-cost 2W EVs
- Capacity: 1 lakh+ units/year
- R&D & battery-swapping ecosystem in pipeline
- Rural and Tier 2/3 market leader
📊 Technical Snapshot:
- CMP: ₹5.38
- Support: ₹4.75
- Resistance: ₹9 / ₹11
- RSI: 61 – Bullish trend forming
- MACD: Green histogram building
- ADX: 30 – Trend strengthening
📈 Chart Setup:
✅ Rounded base + volume spike
✅ Holding 100 EMA
✅ High beta movement
🎯 Trade Strategy:
- Buy Zone: ₹5–6
- Target 1: ₹9
- Target 2: ₹11
- Stop-loss: ₹4.50
4️⃣ Kinetic Engineering Ltd
🔧 Fundamentals:
- Heritage brand transitioning into EV 2W/3W kits & chassis
- Supplies to Greaves, Mahindra Electric
- Key beneficiary of electrified 3W expansion
- Strong turnaround visible in margins
📊 Technical Snapshot:
- CMP: ₹283
- Support: ₹275
- Resistance: ₹302/ ₹312
- RSI: 56 – Neutral to bullish
- MACD: About to crossover
- ADX: 24 – Watch for momentum trigger
📈 Chart Setup:
✅ Multiple base support
✅ Weekly chart breakout pending
✅ Above key MAs
🎯 Trade Strategy:
- Buy Zone: ₹283–2853
- Target 1: ₹302
- Target 2: ₹312
- Stop-loss: ₹275
📘 Category Summary: EV Manufacturers
| Stock | CMP (₹) | Trend | RSI | Trade View | Target | Stop |
|---|---|---|---|---|---|---|
| Tata Motors | 682 | Range Bounce | 58 | Accumulate | 725/755 | 658 |
| Olectra | 1,226 | Breakout Retest | 63 | Buy Now | 1,300/1320 | 1,210 |
| Wardwizard | 5.38 | Reversal Building | 61 | Buy Momentum | 9/11 | 4.75 |
| Kinetic | 283 | Low Float Setup | 56 | Buy Early | 302/312 | 275 |
🧠 CapitalKeeper Insights:
EV OEMs are the face of the green mobility story. Their success is a mix of:
- Policy incentives (FAME, state EV policies)
- Battery ecosystem access
- Distribution & after-sales strength
- Tech collaboration (BYD, Tesla talks, etc.)
💡 For investors, these form the core of a green mobility portfolio.
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