India, Oct. 13 -- The electric vehicle (EV) market in India is witnessing steady growth as consumers increasingly consider electric mobility and automakers expand their EV offerings. Rising EV penetration is creating new opportunities for automobile manufacturers and component suppliers, making companies with strong product portfolios, competitive technology, and established market positions worth tracking.

Brokerage firm Nomura has identified five auto stocks that could benefit from the growing adoption of electric vehicles. Its picks focus on companies with exposure to the EV segment and the potential to benefit from changing consumer preferences and industry developments. Here is a look at these stocks and why they are on Nomura's ra...