Top EV Penny Stocks in India 2025 List

India's electric vehicle (EV) market is experiencing rapid expansion. This growth is fueled by a combination of government programs, increasing consumer demand, and significant technological breakthroughs. Below is an outline of the current situation in the EV industry.

New Releases Shaping the Market

• Suzuki e-Access: Suzuki Motorcycle India has commenced manufacturing its first electric scooter, the Suzuki e-Access, in Gurgaon.
• 2025 TVS iQube: TVS Motor Company launched the 2025 model of its popular iQube electric scooter, featuring increased battery capacity, longer range, and updated pricing.
• Tata Harrier EV: Tata Motors is set to introduce the Harrier EV SUV on June 3, anticipated to be a major player in the Indian EV SUV segment.
• Ola Roadster X: Ola Electric has confirmed the delivery of its much-awaited Roadster X electric motorcycle.

Important Trends Affecting the EV Market

Several key trends are shaping the trajectory of the EV market:

• Growing Adoption: EV sales saw a remarkable 65% increase in 2024, and this upward trend is predicted to continue.
• Government Support: Advantageous laws and incentives are actively fueling the adoption of EVs across the nation.
• Major Forces Driving EV Expansion: Companies like Tata and Mahindra are making significant investments in EV technology and manufacturing.

Invest Sensibly in the EV Boom

While the EV market presents exciting opportunities, it's crucial to approach investments with caution, especially in penny stocks.

• Penny stocks carry high risk but can also yield significant profits.
• Thorough research and prudent investment decisions are paramount.
• The EV market is anticipated to expand rapidly, and strategic investments could revolutionize your portfolio.

Also Read: Best Electric Vehicle Battery Stocks in India (2025)

Top EV Penny Stocks List (As of June 2025)

Stock Performance Chart (Price)

A Deeper Dive into EV Penny Stocks

Sector-Wide Trends in the EV Penny Stocks List

These EV penny stocks reflect broader changes unfolding in India's electric vehicle market:

✅ What's Working:

• Affordability: All listed shares are priced below ₹100, attracting small retail investors.
• Pure-Play Focus: Compared to diversified firms, these companies rely exclusively on EV expansion, offering greater potential (and greater danger).
• EV Policy Support: State-level EV incentives and FAME II extensions are increasing investor confidence.

⚠️ Major Risks:

• Cash Burn: Startups rely heavily on funding rounds; narrow capital markets can slow down growth.
• Competition: Susceptible to disruption by established players like Tata Motors, Mahindra, and Hero Electric.
• Execution Risk: Factory slowdowns or worldwide battery shortages disproportionately affect smaller players.

Investor Strategy Guide to Electric Vehicle Penny Stocks

For Short-Term Traders:

• Look for volume breakouts.
• Utilize 3–5% trailing stop-losses.
• Focus on stocks like Goldstar and Ampvolts on momentum swings.

For Medium-Term Investors:

• Monitor quarterly reports: growth in battery plants, new orders, or fleet tie-ups.
• Track margins and utilization capacity.

For Long-Term Believers:

• Construct a diversified basket:
  • 1 EV manufacturer (e.g., Wardwizard or Ola)
  • 1 battery pack producer (e.g., Goldstar)
  • 1 charging infrastructure stock (e.g., Ampvolts)
• Allocate wisely: Don’t exceed 5–10% of your EV exposure per stock.

Catalysts to Watch in 2025

Macro and firm-specific developments that can drive stocks from this EV penny stocks list include:

• Policy Actions: Quicker FAME II rollouts or more stringent ICE emissions regulations.
• Battery Supply Deals: Goldstar or Mercury tying up with OEMs can significantly impact valuations.
• Gigafactory Announcements: Updates on production scale from Ola or Ampvolts can change market sentiment.
• Fleet Electrification: Local government procurement of EVs for passenger or cargo transport.

Final Take: Worth It to Invest in EV Penny Stocks?

These seven EV penny stocks represent growth plays but come with inherent risks. Penny stocks can experience rapid gains but also sharp declines.

Remember: "Penny stocks double in days—but plummet 30% in a week."

Key Takeaways for Prudent Investing

• Don't bet the farm: Keep holdings between 2–5% of your entire portfolio.
• Track hard numbers: Focus on order books, plant capacity, and shipped volume, not just headlines.
• Implement diversification: Incorporate manufacturers, battery providers, and charging infrastructure plays.
• Keep up to date: Monitor policy updates, FAME II releases, and international EV trends.