Top EV Stocks in India Under 100 Rupees: A Simple Guide for New Investors

The electric vehicle (EV) market in India is growing fast. Many people want to invest in this exciting space. But they think it is too expensive. That is not true. You can find Top EV stocks in India under 100 rupees. These are small companies with big dreams in the EV world. This guide explains them in simple terms. We will look at Top EV stocks in India with price details. We will also explore if any Undervalued EV stocks in India exist in this low-price group. Remember, a low price does not always mean a good buy. But it is a good place to start looking for Top EV stocks in India under 100 rupees.

Why Look at Low-Priced EV Stocks?

Big EV companies like Tata Motors or Mahindra cost a lot per share. A small investor may not be able to buy many shares. This is where Top EV stocks in India under 100 rupees become interesting. You can buy more shares with a small amount of money. These companies are often small. They work on electric two-wheelers, three-wheelers, batteries, or chargers.

They offer very direct exposure to the EV boom. The Top EV stocks in India with price lists often show many names. But you must be careful. Small companies can be risky. Some may do very well. Others may struggle. So, understanding the business is key. Looking for Undervalued EV stocks in India among these small names can be a smart move, but it needs homework.

List of Top EV Stocks in India Under 100 Rupees

Here is a simple list of some Top EV stocks in India under 100 rupees. We have used recent price data to make this list. Please note that prices change every day. Always check the current price before making any decision. This list gives you Top EV stocks in India with price information to begin your research.

1. Ola Electric Mobility (Price: Around ₹38)

Ola Electric is a very well-known name. It makes electric scooters. It is one of the Top EV stocks in India under 100 rupees by size and visibility. The company is also working on making its own batteries. Its share price is around ₹38. This is a pure EV play. However, the company faces tough competition. Its sales went down in FY26 compared to the previous year. So, while it is a Top EV stock in India with price appeal, you must watch its performance closely.

2. Tunwal E-Motors (Price: Around ₹26-₹32)

Tunwal E-Motors makes electric two-wheelers. It is a small company focused only on EVs. Its price is around ₹26 to ₹32, depending on the day. This makes it one of the Top EV stocks in India under 100 rupees for direct EV exposure. The company has a low debt-to-equity ratio, which is a good sign. It is a small player, but it is growing. For investors looking at Top EV stocks in India with very low price points, Tunwal is a name to study.

3. Wardwizard Innovations & Mobility (Price: Around ₹6-₹9)

Wardwizard makes electric two-wheelers and three-wheelers. Its share price is very low, around ₹6 to ₹9. This is one of the cheapest Top EV stocks in India under 100 rupees. The company has been in the news for its EV plans. A very low price can be attractive. But it also means the company is very small. Among the top EV stocks in India with price lists, it often appears because of its low absolute price. You must check its financial health carefully. It is not automatically an Undervalued EV stock in India just because the price is low.

4. Mercury EV-Tech (Price: Around ₹33-₹35)

Mercury EV-Tech works on electric vehicles and EV components. Its price is in the mid-₹30s. This company has shown very high returns over three years. It is another one of the Top EV stocks in India under 100 rupees that gives you exposure to both vehicles and parts. The EV parts business can be very important as more EVs are made. For people tracking Top EV stocks in India with price, Mercury EV-Tech is an interesting small-cap name.

5. Servotech Renewable Power System (Price: Around ₹80-₹100)

Servotech is different. It makes EV chargers and solar products. As more EVs hit the road, more chargers will be needed. This makes its business very important. Its share price is near the ₹100 mark, around ₹80 to ₹99. It is often counted among the Top EV stocks in India under 100 rupees because it supports the EV ecosystem. However, its price-to-earnings (P/E) ratio is high, which means it is not cheap compared to its earnings. So, it may not be an Undervalued EV stock in India. But it is a key Top EV stock in India with price near the ₹100 limit.

Also read –Tesla Flying Car Price in Indian Rupees: Simple Guide for Everyone

6. RattanIndia Enterprises (Price: Around ₹30-₹38)

RattanIndia Enterprises owns Revolt Motors, a brand of electric motorcycles. Its share price is around ₹30 to ₹38. This is a way to invest in the electric two-wheeler market through a parent company. It is one of the Top EV stocks in India under 100 rupees with a recognizable brand. The company has high debt and negative returns on equity, which are risks to watch. So, while it appears on the list of top EV stocks in India, you must understand its financial situation.

7. Supertech EV (Price: Around ₹30-₹36)

Supertech EV makes electric two-wheelers and e-rickshaws. Its price is around ₹30 to ₹36. This company looks interesting for value seekers. Its price-to-earnings (P/E) ratio is low, around 8.3, and its price-to-book value is below 1. This means it could be one of the Undervalued EV stocks in India among the low-priced group. It is a small company with a low market cap, but its low valuation makes it a Top EV stock in India under 100 rupees worth researching for value investors.

8. Victory Electric Vehicles International (Price: Around ₹16-₹17)

Victory Electric Vehicles makes electric two-wheelers and three-wheelers. Its price is around ₹16. This is another very low-priced stock. It is one of the Top EV stocks in India under 100 rupees by price. The company is very small. Its market cap is tiny. Such stocks can be very risky. But for someone looking at Top EV stocks in India with price points under ₹20, it is a name that appears. You must do deep research before considering it.

9. Gensol Engineering (Price: Around ₹18)

Gensol Engineering is involved in EV leasing and clean energy. Its price is around ₹18. The article that lists it warns of “exceptional risk”. This shows that not all Top EV stocks in India under 100 rupees are safe. The business model is different, but the risk is high. It is a Top EV stock in India with a price data point, but caution is needed. It is definitely not an Undervalued EV stock in India based on risk alone.

10. Urja Global (Price: Around ₹9)

Urja Global works on EVs and renewable energy. Its price is around ₹9. However, the same source says its EV exposure needs “deeper verification”. This means it may not be a pure EV play. So, while it is one of the Top EV stocks in India under 100 rupees by price, its actual connection to the EV business may be limited. This is a classic example of why you cannot just look at Top EV stocks in India with price lists. You must check what the company actually does.

How to Find Undervalued EV Stocks in India Under 100 Rupees

It is difficult to find undervalued EVs in India. However, there are a few simple factors to note.

P/E Ratio – This shows how much you’re paying for every rupee of profit. If the P/E ratio is very high, the stock could be expensive. If it is low, sometimes it could be undervalued. For example, Supertech EV has a low P/E Ratio.

P/B Ratio – This shows the stock’s price relative to the book value of the company. If this number is less than 1, then it can sometimes indicate that it is undervalued. Supertech EV has a P/B Ratio of under 1.

Debt: Too much debt is dangerous. Companies with low debt are safer. Tunwal has low debt.

Business Model: Does the company make money? Is its EV business real? Urja Global’s EV link is unclear.

So, when you search for Undervalued EV stocks in India among the Top EV stocks in India under 100 rupees, focus on these numbers. Do not just buy a stock because it costs ₹10 or ₹20.

Also Read –EV Penny Stocks India Below 1 Rupee: Hidden Gems for Future

Risks of Investing in Top EV Stocks in India Under 100 Rupees

Every investment has risk. But Top EV stocks in India under 100 rupees carry extra risk. These are small companies. They may not have steady profits. The EV market is changing fast. Big companies are entering. Small players may find it hard to compete. Some of these stocks can be very volatile. Their prices can go up and down a lot. So, only invest a small part of your money. Never borrow money to buy such stocks. And always do your own research. The list of Top EV stocks in India with price is just a starting point. It is not a recommendation.

Conclusion

The EV journey in India is just beginning. Top EV stocks in India under 100 rupees give small investors a chance to be part of this story. You can find many Top EV stocks in India with price tags below ₹100. Names like Ola Electric, Tunwal, and Wardwizard are on many lists. Some, like Supertech EV, may even look like Undervalued EV stocks in India based on low valuation ratios. But remember, low price does not equal low risk. Study each company. Understand its business. Look at its debt and profits. Start small. Learn as you go. The Top EV stocks in India under 100 rupees can be a good learning ground for new investors who want to explore the future of transportation.