Indian Automobiles Undiscovered Gems With Strong Fundamentals

Saint-Gobain Sekurit India

Market Cap: ₹10.1b

Manufactures and sells laminated and tempered automotive glass in India.

Mercury Ev-Tech

Market Cap: ₹9.9b

Manufactures and trades electronic vehicles and other related renewable energy products in India.

Sundaram Finance Holdings

Market Cap: ₹117.0b

Engages in the business of investments, and business processing and support services in India and internationally.

IST

Market Cap: ₹10.7b

Engages in the manufacture and sale of auto components in India.

India Nippon Electricals

Market Cap: ₹17.6b

Provides electronic ignition systems for automotive industry in India and internationally.

Kinetic Engineering

Market Cap: ₹11.8b

Manufactures and supplies automotive components in India and internationally.

Sharda Motor Industries

Market Cap: ₹31.3b

Manufactures, assembles, trades in, and sells auto components to automobiles and electronics original equipment manufacturers in India.

Atul Auto

Market Cap: ₹12.7b

Manufactures and sells three-wheeler automobiles in India.

Precision Camshafts

Market Cap: ₹18.8b

Engages in the manufacture and sale of castings and machined camshafts for the automobile industry in India, Asia, Europe, and internationally.

Banco Products (India)

Market Cap: ₹93.9b

Engages in the manufacture and sale of heat exchangers/cooling systems in India and internationally.

Igarashi Motors India

Market Cap: ₹18.6b

Manufactures and sells electric micro motors and motor components in India, the United States, Japan, Germany, Hong Kong, and internationally.

Federal-Mogul Goetze (India)

Market Cap: ₹32.2b

Engages in the manufacture, supply, and distribution of automotive components for two/three/four-wheeler automobiles in India and internationally.

NDR Auto Components

Market Cap: ₹27.8b

Engages in manufacturing, fabricating, assembling, selling, and trading of automotive components for passenger cars and utility vehicles primarily in India.

Pricol

Market Cap: ₹53.8b

Manufactures and sells instrument clusters and other allied automobile components to original equipment manufacturers and replacement markets in India and internationally.

Shriram Pistons & Rings

Market Cap: ₹107.5b

Manufactures and sells automotive components in India.

Belrise Industries

Market Cap: ₹110.8b

Manufactures and supplies automotive parts and components for two-wheeler, three-wheeler and four-wheeler passenger and commercial vehicle in India.

GRP

Market Cap: ₹12.7b

Manufactures and sells reclaimed rubber products for tyre and non-tyre rubber goods in India and internationally.

Automotive Axles

Market Cap: ₹26.8b

Manufactures and sells automotive components in India.

G N A Axles

Market Cap: ₹14.3b

Manufactures and sells automotive transmission components for the four-wheeler industry in North America, South America, Europe, Asia, and Australia.

Lumax Auto Technologies

Market Cap: ₹78.0b

Manufactures and sells in automotive components in India.

Subros

Market Cap: ₹57.7b

Engages in the manufacture and sale of thermal products for automotive applications in India.

ASK Automotive

Market Cap: ₹102.8b

Through its subsidiary, manufactures and sells auto components for the automobiles industry in India.

S.J.S. Enterprises

Market Cap: ₹38.5b

Designs, develops, manufactures, sells, and exports decorative aesthetics primarily to automotive and consumer appliance industries in India and internationally.