Track how many active mutual funds hold electric vehicle stocks in India. Monthly data shows where institutional conviction across Ather Energy, JBM Auto, Mahindra and Mahindra, Ola Electric and Olectra Greentech is rising or falling.
📅 Updated Jul 2026 · Index funds and ETFs excluded
| # | Stock Name | Apr | May % | Jun % | Jul % | Jul 2026 Funds | Overall % | AUM (₹ Cr) |
|---|---|---|---|---|---|---|---|---|
| 1 | Mahindra & Mahindra LimitedAutomobiles | 279 | -1.8% | -3.6% | -3.8% | 254 | -9% | 40,113 |
| 2 | Samvardhana Motherson International LimitedAuto Components | 140 | +2.9% | -0.7% | -7% | 133 | -5% | 20,803 |
| 3 | Ather Energy LimitedAutomobiles | 73 | +19.2% | -1.1% | +12.8% | 97 | +32.9% | 8,828 |
| 4 | Hero MotoCorp LimitedAutomobiles | 103 | -1% | -3.9% | -1% | 97 | -5.8% | 10,762 |
| 5 | Bharat Forge LimitedAuto Components | 85 | +7.1% | +8.8% | -10.1% | 89 | +4.7% | 17,750 |
| 6 | Tata Motors Passenger Vehicles LimitedAutomobiles | 71 | +8.5% | +2.6% | -10.1% | 71 | 0% | 4,890 |
| 7 | Bosch LimitedAuto Components | 51 | -5.9% | +16.7% | -3.6% | 54 | +5.9% | 6,759 |
| 8 | KPIT Technologies LimitedIT - Software | 42 | -2.4% | -17.1% | -29.4% | 24 | -42.9% | 1,228 |
| 9 | Ola Electric Mobility LtdAutomobiles | 9 | +77.8% | +12.5% | -16.7% | 15 | +66.7% | 1,495 |
Electric vehicle stocks in India include manufacturers of two-wheelers, passenger cars, electric buses, and the component suppliers that power them. The segment spans pure-play EV companies like Ather Energy and Ola Electric as well as traditional auto majors like Mahindra and Mahindra that are rapidly expanding their EV portfolios. Fund managers track these stocks as a proxy for India long-term shift away from internal combustion engines.
Rising fund counts over four months signal growing institutional conviction in the EV theme. Cross-reference individual fund portfolios on our top stocks page or explore full holdings via the funds directory.
India EV adoption is accelerating, driven by government incentives, rising fuel costs, and improving charging infrastructure. Two-wheeler electrification is leading the transition, with Ather and Ola Electric gaining market share rapidly. Fund managers are building positions early — many EV stocks are mid and small cap names not yet on most retail investors radars. The monthly percentage columns show month-on-month change in the number of active funds holding each stock.
For context on SEBI disclosure requirements, refer to AMFI India. For regulatory guidelines, visit SEBI India. Explore broader holding trends using our market cap categories page.
No — all counts exclude index funds, ETFs, and fund of funds. Only actively managed equity mutual funds are counted. Index funds mechanically hold stocks in proportion to index weight — their holdings do not reflect active manager conviction. By excluding them, fund counts here more accurately represent where professional stock pickers are building early positions in India EV sector.
To explore individual fund portfolios, visit the funds directory or use the SIP calculator to plan investments in funds with high EV and auto sector exposure. For a broader market view, see our AAUM data page.