India’s electric vehicle (EV) adoption is accelerating fast — but what’s quietly powering this shift is the invisible backbone: EV charging stations, energy storage systems, and grid infrastructure. While everyone is chasing auto manufacturers and battery giants, smart investors are exploring infrastructure enablers— companies building the foundation for India’s electric future.
Here are 5 lesser-known EV infrastructure stocks in India that are quietly riding the charging boom of 2025.
1. Servotech Power Systems — Building Bharat’s Charging Network
Servotech Power Systems is a smallcap company that has partnered with Indian Oil and Bharat Petroleum to set up thousands of DC fast EV chargers across highways and fuel stations. In early 2025, they received a government contract to install over 5,000 EV chargers under the FAME scheme.
The company is also venturing into solar + EV hybrid stations, making it a dual play on clean energy and mobility.
2. Genus Power Infrastructures — Smart Grids for EV Cities
While primarily known for smart metering, Genus Power is making inroads into EV-ready grid management systems. It is working with multiple Indian states to upgrade urban grids to support high-load charging corridors, especially in tier-1 cities.
With battery-swapping gaining momentum, Genus is also exploring backend software for energy credit tracking and dynamic billing.
3. HBL Power Systems — Behind-the-Scenes Battery Enabler
HBL isn’t a flashy name, but it plays a crucial role in EV and rail electrification. The company manufactures high-reliability batteries used in EV charging stations, solar hybrid systems, and telecom backup—critical for uptime.
In 2025, it began supplying lithium battery packs to private charging station operators in Maharashtra and Tamil Nadu.
4. Delta Electronics India (Unlisted Subsidiary of Delta Taiwan)
Delta Electronics India is not listed directly but indirectly benefits Indian partners. They manufacture Level 2 and DC fast chargers and supply them to commercial buildings, malls, and fleet operators.
While not investable directly, their listed channel partners and infrastructure integrators (like Ador Powertron) are worth watching.
5. KEC International — Power Infra That Fuels EV Charging
Part of the RPG Group, KEC is a transmission infrastructure company building underground cabling and substation networks that directly power charging hubs in metro cities.
They are currently executing EV corridor power upgrade projects across multiple states, which will support high-speed charging at scale.
🚀 Why These Stocks Matter Now
While automakers and battery manufacturers get the headlines, it’s these infrastructure enablers that ensure India’s EV dreams don’t hit a power roadblock. With government support, rising fleet electrification, and charging-as-a-service models gaining traction, these backend players could quietly deliver outsized returns.
❓ FAQ Section
Please do not enter any spam link in the comment box.