EV stocks: How were the EV sales for the month of January 2025?EV stocks: How were the EV sales for the month of January 2025?

Introduction:

Electric vehicle (EV) sales in India continued to grow in January 2025, reflecting increasing consumer interest and expanding market presence. Companies like Ola Electric, TVS Motor, and Greaves Electric Mobility reported notable sales figures, signalling strong demand in the sector.

The rise in EV sales highlights the ongoing shift toward sustainable transportation. Below is a breakdown of how leading EV companies performed in January 2025. 

TVS Motor Company Ltd

On February 3, TVS Motor Company (BSE: TVSMOTOR) opened at ₹2,556.85, reached a high of ₹2,662.70, and a low of ₹2,523.85, closing at ₹2,651.65, up by 3.68%. The company’s market capitalisation is ₹1,25,976.47 crore.

TVS Motor Company Ltd recorded sales of 397,623 units in January 2025, marking a 17% growth from the previous year. The two-wheeler segment grew by 18%, with domestic sales rising 10%. Strong demand contributed to the company’s continued expansion.

TVS Motor Company Ltd is a leading Indian two-wheeler and three-wheeler manufacturer known for its innovation and strong market presence. The company produces motorcycles, scooters, and mopeds, catering to both domestic and international markets.

Ola Electric Mobility Ltd

On February 3, Ola Electric Mobility (BSE: OLAELEC) opened at ₹74.55, reached a high of ₹76.55, and a low of ₹72.43, closing at ₹73.15, down by 1.52%. The company’s market capitalisation is ₹32,265.22 crore.

Ola Electric Mobility Ltd sold 24,341 units in January 2025, securing a 25% market share. The company maintained its leadership in the electric two-wheeler segment. Strong adoption of EVs fueled its impressive growth.

Ola Electric Mobility Ltd is an electric vehicle manufacturer focused on sustainable mobility solutions. It designs and produces electric scooters and aims to drive the transition to clean energy with its advanced battery and charging technologies.

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Bajaj Auto Ltd

On February 3, Bajaj Auto (BSE: BAJAJ-AUTO) opened at ₹9,155.50, reached a high of ₹9,155.50, and a low of ₹8,892.70, closing at ₹8,909.60, down by 2.61%. The company’s market capitalisation is ₹2,48,807.36 crore.

Bajaj Auto Ltd reported total sales of 381,040 units in January 2025, up 7% from January 2024. Growth was driven by strong exports, while domestic sales declined. The company continues to expand its global footprint.

Bajaj Auto Ltd is one of India’s top two-wheeler and three-wheeler manufacturers, known for its motorcycles, scooters, and auto-rickshaws. It has a strong global presence and is a key player in the premium and commuter bike segments.

Hero Motocorp Ltd

On February 3, Hero MotoCorp (BSE: HEROMOTOCO) opened at ₹4,439.80, reached a high of ₹4,439.80, and a low of ₹4,229.30, closing at ₹4,286.10, down by 2.65%. The company’s market capitalisation is ₹85,721.80 crore.

Hero MotoCorp Ltd saw a 2.14% rise in total sales, reaching 442,873 units in January 2025. This marks an increase from 433,598 units in January 2024. The company remains a dominant player in the two-wheeler segment.

Hero MotoCorp Ltd is the world’s largest two-wheeler manufacturer by volume, offering a wide range of motorcycles and scooters. The company has a strong brand presence and continues to expand its global footprint with innovative mobility solutions.

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Greaves Cotton Ltd

On February 3, Greaves Cotton (BSE: GREAVESCOT) opened at ₹261.85, reached a high of ₹282.95, and a low of ₹258.05, closing at ₹280.50, up by 5.71%. The company’s market capitalisation is ₹6,521.11 crore.

Greaves Electric Mobility Ltd, a subsidiary of Greaves Cotton, sold nearly 3,400 units in January 2025. This marks an increase from 2,795 units in January 2024. The company continues to strengthen its presence in the EV market.

Greaves Cotton Ltd is an engineering company specialising in fuel-agnostic powertrains, electric mobility, and aftermarket services. It operates across multiple industries, including automotive, agriculture, and construction, with a growing focus on clean energy solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.