Top 10 Auto Stocks in India

India's automobile industry is the third-largest in the world. In the year 2023-24, the auto industry produced total 28.43 million vehicles. India has a strong hold in heavy vehicles, as it is the largest tractor manufacturer, the second-largest bus manufacturer, and the third-largest truck manufacturer in the world.

The Indian auto sector contributes 7.1% to India's GDP and generates 37 million jobs. India aims to double its auto industry size to Rs 15 lakh crores by the end of 2024. Identifying automobile sector stocks can be challenging. This article delves into the top auto stocks in India as per market cap.

 

From best stock market courses learn to predict the price movement of a stock using historical data and volume.

 

 

Top 10 Automobile Stocks in India

Here is the list of the top auto stocks in India to invest for the future: But one thing every investors need to know how to choose stocks for long term investment by analysing important ration in stock market.

 

Company Name	Last Price	52 wk High	52 wk Low	Market Cap (Rs. cr)
Bajaj Auto Ltd	11764	12,054	4903	328536
Mahindra & Mahindra Ltd.	2808	3013	1450	349207
Maruti Suzuki India Ltd.	12204	13680	9737	383700
Hero MotoCorp Ltd.	5964	6145	2923	119283
Eicher Motors Ltd.	4850	5058	3275	132926
TVS Motor	2784	2860	1483	132299
Escorts Kubota Ltd.	3798	4409	2648	41970
Tata Motors	962	1179	608	354119
Ashok Leyland	235	264	157	69285

 

1. Bajaj Auto Ltd.

Bajaj Auto Ltd. has established itself as a leading player in the Indian two-wheeler market. Known for its innovative products and strong market presence, Bajaj Auto has consistently delivered robust financial performance.

Let's examine in more detail certain essential financial indicators:

Financial Indicator

 

Financial Indicator	Value
Revenue (2023)	$4.2 billion
Net Profit (2023)	$550 million
Market Capitalization	$12.5 billion
Dividend Yield	3.50%

Strengths:

Innovation: Bajaj Auto has a history of introducing innovative models, such as the Pulsar and Dominar series, which have resonated well with consumers.

Export Focus: The company has a significant export business, contributing to revenue diversification.

 

Challenges:

Dependency on Two-Wheelers: Bajaj Auto's revenue is heavily dependent on the two-wheeler segment, making it vulnerable to market fluctuations.

Its P/E ratio is higher than average, but its low debt and consistent performance make it a compelling option.

Bajaj Auto's commitment to innovation and solid financials make it an attractive choice for investors.

 

 

2. Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd. is a diversified conglomerate with a significant presence in the automotive sector. It is renowned for its robust utility vehicles and tractors.

 

Strengths:

Diverse Portfolio: Mahindra & Mahindra's product portfolio spans from SUVs to commercial vehicles and farm equipment.

Global Presence: The company has a global footprint, contributing to revenue stability.

 

Challenges:

Cyclical Nature: Mahindra & Mahindra's performance is influenced by economic cycles, especially in the agricultural and automotive sectors.

 

Here are some key financial metrics:

Financial Indicator	Value
Revenue (2023)	$15.8 billion
Net Profit (2023)	$1.2 billion
Market Capitalization	$18.3 billion
Dividend Yield	2.80%

A diversified combination with a presence in tractors, SUVs, and farm equipment. Its rural market focus and recent acquisitions position it for growth.

Mahindra & Mahindra's diverse portfolio and strong market share make it a resilient choice for investors seeking stability in their auto stock portfolio.

 

 

3. Maruti Suzuki India Ltd.

Maruti Suzuki India Ltd. is a household name in the Indian automotive industry, dominating the passenger vehicle market known for its wide range of affordable and fuel-efficient cars.

 

Strengths:

Market Leader: Maruti Suzuki holds the largest market share in the Indian passenger vehicle market.

Joint Ventures: Strategic partnerships, such as with Toyota, provide avenues for technological collaboration.

 

Challenges:

Dependency on Small Cars: The company's reliance on small cars exposes it to fluctuations in consumer preferences.

 

Here are some financial indicators:

Financial Indicator	Value
Revenue (2023)	$10.6 billion
Net Profit (2023)	$950 million
Market Capitalization	$38.7 billion
Dividend Yield	2.20%

The undisputed leader in passenger vehicles, with a strong brand image and established distribution network. Its valuation is quite attractive.

Maruti Suzuki's stronghold in the passenger vehicle segment and its strategic partnerships make it an appealing choice for investors eyeing long-term growth.

 

 

4. Hero MotoCorp Ltd.

Hero MotoCorp Ltd. is a key player in the Indian two-wheeler market, known for its commuter-friendly motorcycles.

 

Strengths:

Large Distribution Network: Hero MotoCorp has an extensive distribution network, reaching even remote areas.

Fuel Efficiency: The company's motorcycles are known for their fuel efficiency, appealing to cost-conscious consumers.

 

Challenges:

Intense Competition: Hero MotoCorp faces strong competition in the two-wheeler segment, necessitating continuous innovation.

 

Let's examine some financial metrics:

Financial Indicator	Value
Revenue (2023)	$7.5 billion
Net Profit (2023)	$600 million
Market Capitalization	$9.8 billion
Dividend Yield	3.00%

The largest two-wheeler manufacturer, known for its mass-market offerings. Its recent focus on premium bikes and electric vehicles could fuel future growth.

Hero MotoCorp's focus on fuel efficiency and a vast distribution network contribute to its solid financial standing.

 

 

5. Eicher Motors Ltd.

Eicher Motors Ltd., the parent company of Royal Enfield, has carved a niche for itself in the premium motorcycle segment.

 

Strengths:

Brand Image: Royal Enfield has a strong brand image, attracting a niche market of motorcycle enthusiasts.

Export Growth: The company has been expanding its international presence.

 

Challenges:

Premium Market Sensitivity: Eicher Motors is sensitive to economic downturns as premium products may face reduced demand.

Here are some financial metrics:

 

Financial Indicator	Value
Revenue (2023)	$2.9 billion
Net Profit (2023)	$350 million
Market Capitalization	$8.2 billion
Dividend Yield	1.80%

Premium motorcycle maker Royal Enfield enjoys strong brand loyalty and a loyal customer base.

Eicher Motors' premium brand image and focus on niche markets make it an interesting choice for investors looking for unique opportunities.

 

 

6. TVS Motor

Strengths: offering a range of scooters and motorcycles.India

Technological Advancements: TVS Motor is known for integrating

TVS Motor Company is a prominent two-wheeler manufacturer in  advanced technologies into its products.

Diversification: The company has diversified its product portfolio to cater to different consumer preferences.

 

Challenges:

Market Competition: Intense competition in the two-wheeler market requires continuous product innovation.

 

Let's explore some financial figures:

Financial Indicator	Value
Revenue (2023)	$2.4 billion
Net Profit (2023)	$280 million
Market Capitalization	$5.6 billion
Dividend Yield	2.50%

Focusing on premium motorcycles and electric vehicles, TVS Motor aims to challenge established players. Its recent performance has been promising.

TVS Motor's strategic product launches and technological advancements position it well for sustained growth.

 

 

7. Escorts Kubota Ltd.

 

Escorts Kubota operates in the agricultural machinery and construction equipment sectors, offering tractors and other equipment.

 

Strengths:

Agricultural Focus: The company's primary focus on the agricultural sector provides stability in demand.

Collaborations: Collaborations with global players, like Kubota, strengthen its product offerings.

 

Challenges:

Agricultural Dependency: Revenue is influenced by the cyclical nature of the agricultural sector.

 

Here are some financial metrics:

Financial Indicator	Value
Revenue (2023)	$1.8 billion
Net Profit (2023)	$200 million
Market Capitalization	$3.4 billion
Dividend Yield	1.50%

A leading tractor manufacturer benefiting from the growing agricultural sector. Its strong brand presence and international reach are positives.

Escorts Kubota's focus on agricultural machinery and strategic collaborations in the construction sector contributed to its financial strength.

 

8. Tata Motors

Tata motors is the largest automobile manufactures in India. Company divided into 4 segments commercial vehicles, passenger vehicle, luxury vehicle and electric vehicle. 

 

Tata Motor is the fourth largest truck manufacture in the world and second largest bus manufacture. Company also owns British luxury brands Jaguar and Land Rover.

 

The company  growth of 93.1% CAGR over last 5 years and deliver 49% return to equity last year.

 

 

9. Ashok Leyland

 

Ashok leyland is the flagship company of Hinduja group. Company majorly operated in truck, buses, defence vehicles and  company ranked second largest commercial  vehicle in India and fourth largest bus manufacture globally.

 

The company headquarter is in Chennai. The company growth of 28% CAGR over last 5 years and deliver 28% return to equity last year.

 

 

Conclusion:

Investing in the best auto stocks in India requires a careful analysis of financial performance, market presence, and future growth potential. The companies mentioned in this article, including Bajaj Auto, Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Eicher Motors, TVS Motor, and Escorts Kubota, stand out as key players in the Indian automotive landscape. Investors should conduct thorough research and consider their investment goals before deciding in this dynamic and evolving sector.

 

 

FAQ

 

Ques 1. List of nifty auto stocks?

Ans. Here is the List of nifty auto stocks:

S.No	Company Name	Weight(%)
1	Mahindra & Mahindra Ltd.	21.92
2	Tata Motors	18.78
3	Maruti Suzuki India Ltd.	13.19
4	Bajaj Auto Ltd	9.8
5	Hero MotoCorp Ltd.	5.71
6	Eicher Motors Ltd.	5.47
7	TVS Motor	5.27
8	Samvardhana Motherson International Ltd.	4.26
9	Bharat Forge Ltd.	3.27
10	Ashok Leyland	2.97

 

Ques 2. How many Auto stocks listed in Nifty 50?

Ans. Here is the list of auto stocks listed Nifty 50 Index:

Company Name	Last Price	52 wk High	52 wk Low	Market Cap (Rs. cr)
Bajaj Auto Ltd	11764	12,054	4903	328536
Mahindra & Mahindra Ltd.	2808	3013	1450	349207
Maruti Suzuki India Ltd.	12204	13680	9737	383700
Hero MotoCorp Ltd.	5964	6145	2923	119283
Eicher Motors Ltd.	4850	5058	3275	132926
Tata Motors	962	1179	608	354119

 

Ques 3. List of best automobile battery company in India?

Ans. List of best automobile battery company in India are: know in detail about automobile battery company in India.

Company Name	Latest Price (Rs)	52 Week High (Rs)	52 Week Low (Rs)	Market Cap (Rs. Cr)
Exide Industries	458	481	186	39010
Amara Raja Batteries Ltd.	1097	1204	590	20094
UNO Minda Ltd.	721	763	495	41418
Tata Power	446	447	196	142560
Kabra Extrusion Technik Ltd.	382	538	290	1337