Daily EV news · India · 14 August 2026

ABB India tops the market capitalisation ranking of Indian EV charging stocks, followed by Siemens, Tata Power, Schneider Electric Infrastructure, Bharat Electronics, Indian Oil Corporation, Exide Industries and Amara Raja Energy & Mobility. Tata Power operates one of India's largest public charging networks, spanning workplace, home and highway sites, while Indian Oil is rolling out chargers across its fuel station footprint. Battery specialists Exide and Amara Raja are also entering the charging ecosystem alongside their core energy storage businesses.

Why it matters: The list shows which publicly traded suppliers and operators dominate India's charging sector by investor valuation, helping procurement teams and CPOs identify established partners with scale, balance sheet strength and multi site deployment experience.

Pulse Energy has become one of the first certified technology enablers for Unified Bharat eCharge (UBC), a nationwide interoperable EV charging network launched by India's Ministry of Heavy Industries, Bharat Heavy Electricals Limited and the National Payments Corporation of India. The system allows EV users to discover participating charging stations and pay via UPI through the BHIM app by scanning a QR code, removing the need for separate operator accounts or prepaid wallets. Pulse Energy will support charge point operators in integrating existing infrastructure and help application providers connect to the UBC network, with the initial rollout covering cities and national highways.

Why it matters: The integration of over 10,000 chargers into a single interoperable payment platform addresses fragmentation in India's EV charging market, potentially simplifying procurement decisions for CPOs by standardising payment infrastructure. Operators can retain existing hardware while gaining access to a unified national network, reducing barriers to participation in government backed charging schemes.