Listed EV Charging Companies in India (2026): NSE & BSE Stocks List
Every publicly traded company with EV charging exposure — tickers, what each actually does in charging, and the major networks that remain private
Searching for listed EV charging companies in India usually means one of two things: you want exposure to India's charging build-out through the stock market, or you want to know which charging companies are large and established enough to be publicly traded. This page answers both — with tickers, what each company actually does in charging, and the important caveat that most of India's best-known charging networks are not listed at all.
For a comparison of the networks themselves — pricing, coverage and which to actually use — see our top EV charging companies in India guide.
The short answer
There is no true pure-play EV charging stock in India. The closest are Exicom Tele-Systems (a dedicated charger manufacturer that listed in 2024) and Servotech Renewable Power System (manufacturing plus the Incharz network). Everything else is a diversified company where charging is one segment among many — Tata Power being the largest listed operator, and ABB, Siemens and Schneider supplying hardware within far bigger industrial businesses.
Listed EV charging companies in India (NSE & BSE)
| Company | Ticker | EV charging exposure | What it does |
|---|---|---|---|
| Tata Power | NSE: TATAPOWER | Direct — operator | Runs the EZ Charge network, one of India's largest public charging networks, alongside its core power generation and distribution business. |
| Exicom Tele-Systems | NSE: EXICOM | Direct — manufacturer | The closest thing to a listed pure-play. A leading Indian EV charger maker, with a reported ~60% share of residential chargers and ~25% of public chargers. Listed in 2024. |
| Servotech Renewable Power System | NSE: SERVOTECH | Direct — manufacturer + operator | Manufactures AC and DC chargers at Sonipat and operates the Incharz charging network. Also active in solar and power electronics. |
| HBL Engineering | NSE: HBLENGINE | Direct — batteries + infrastructure | Batteries and electronics with EV charging infrastructure exposure, alongside railway and defence electronics. |
| ABB India | NSE: ABB | Partial — hardware | Supplies high-power DC fast chargers including the Terra series, within a much larger electrification and automation business. |
| Siemens | NSE: SIEMENS | Partial — hardware | EV charging hardware and grid infrastructure as one line within a diversified industrial portfolio. |
| Schneider Electric Infrastructure | NSE: SCHNEIDER | Partial — grid + hardware | Electrical infrastructure that supports charging deployment, including switchgear and energy management. |
| Adani Total Gas | NSE: ATGL | Partial — operator | Building EV charging alongside its CNG and city gas retail network, using existing forecourt real estate. |
| Reliance Industries | NSE: RELIANCE | Indirect — joint venture | Owns 51% of Reliance BP Mobility, which runs the Jio-bp pulse charging network. Exposure is a very small fraction of group revenue. |
| Exide Industries | NSE: EXIDE | Adjacent — batteries | Lead-acid and lithium-ion batteries, including cell manufacturing investment relevant to the EV ecosystem. |
| Amara Raja Energy & Mobility | NSE: ARE&M | Adjacent — batteries | Battery manufacturer expanding into lithium cells, battery packs and charging-adjacent energy products. |
Tickers and business descriptions are factual as published by the companies and exchanges. Share prices, market caps and shareholding change constantly and are deliberately not listed here — check the NSE or BSE for current figures. Nothing on this page is investment advice.
The four categories of exposure
Lumping these companies together as "EV charging stocks" hides how different they are. They fall into four groups, and the distinction matters because each earns money in a completely different way.
1. Charger manufacturers — Exicom, Servotech
These companies earn on hardware sold. Revenue scales with how many chargers India installs, regardless of how much those chargers are used. Exicom is the most focused listed name in Indian EV charging, reportedly holding a large share of the residential charger market and a meaningful share of public chargers. Servotech combines manufacturing at Sonipat with its own Incharz network, giving it both hardware and operator characteristics.
2. Network operators — Tata Power, Adani Total Gas
These earn on electricity dispensed, so revenue depends on utilisation rather than installation. This is a slower, more uncertain business in India today because average charger utilisation remains low — a station only earns when vehicles actually plug in. Tata Power is the largest listed operator through EZ Charge; Adani Total Gas is building charging onto its existing gas retail forecourts.
3. Industrial hardware suppliers — ABB, Siemens, Schneider
Global engineering groups that supply high-power charging equipment and the grid infrastructure behind it. Their charging revenue is a small fraction of a very large business, so the EV charging story barely moves the overall company. These are exposure to electrification broadly, not to charging specifically.
4. Battery and adjacent players — Exide, Amara Raja, HBL
Battery manufacturers benefit from EV adoption generally rather than from charging infrastructure directly, though several are investing in cells, packs and energy storage that support charging deployment.
The networks you cannot buy
This is the part most lists miss. Several of India's largest and fastest-growing charging companies are privately held and not available on any exchange:
| Company | Status |
|---|---|
| Statiq | Venture-funded; one of the most visible public networks |
| ChargeZone | Venture-funded; highway fast-charging corridors |
| Bolt.Earth | Venture-funded; distributed light-EV charging |
| Battery Smart | Venture-funded; India's largest battery-swap network |
| Kazam | Venture-funded; asset-light charging and SaaS |
| Glida (ex-Fortum) | Subsidiary of Finland's Fortum Group |
| Sun Mobility | Joint venture; battery swapping infrastructure |
| Magenta Mobility | Venture-funded; fleet and public charging |
These companies are still raising venture capital and prioritising growth over profitability, which is typical for infrastructure businesses at this stage. Some may list in future — Exicom's 2024 IPO showed there is public-market appetite for the sector — but for now, public investors cannot access the networks with the fastest growth. That gap is the single most important thing to understand about "EV charging stocks" in India.
What to look at before investing
- What share of revenue is actually EV charging? For most listed names it is a small segment. A company can be an excellent business while its charging arm is immaterial.
- Hardware or operations? Manufacturers earn on units shipped and benefit from the installation boom. Operators earn on utilisation, which is still the weak link in Indian charging.
- Utilisation is the sector's real constraint. India has over 52,000 public charging points, but a meaningful share sit idle or non-functional. Charger count is not revenue.
- Policy dependence. Much of the build-out is supported by schemes such as PM E-DRIVE and state subsidies. Changes to those affect the economics.
- Competition from private capital. Listed operators compete against venture-funded players who can afford to run at a loss for longer.
How the charging business actually makes money
If you are evaluating this sector, it helps to understand the unit economics on the ground. An operator buys electricity at a concessional EV tariff of roughly ₹5–7 per unit and sells at ₹15–25 per unit, so the gross spread is ₹8–18. Out of that come platform fees, maintenance, site rent and demand charges — which are payable whether or not a single car plugs in.
That last point is why utilisation dominates everything. You can model the economics for a single station on our charging station ROI calculator, and our guide to setting up a charging station covers the cost structure in detail. The same maths that decides whether one site is viable decides whether an operator's entire network is.
Frequently asked questions
Which EV charging companies are listed on the NSE?+
Is there a pure-play EV charging stock in India?+
Why aren't Statiq, ChargeZone and Bolt.Earth listed?+
Which is the largest listed EV charging company in India?+
How do I evaluate an EV charging stock?+
Disclaimer: This page provides factual information about company listing status and business activities. It is not investment advice, a recommendation, or a solicitation to buy or sell any security. Company structures, holdings and listings change. Verify current details with the NSE, BSE and company filings, and consult a SEBI-registered investment adviser before making financial decisions.