Indian Automobiles Undiscovered Gems With Strong Fundamentals

Sterling Tools

Market Cap: ₹11.7b

Manufactures and sells high tensile cold forged fasteners to original equipment manufacturers in India.

Sundaram Finance Holdings

Market Cap: ₹76.2b

Engages in the business of investments, business processing, and support services in India, Australia, and the United Kingdom.

IST

Market Cap: ₹9.6b

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

Talbros Automotive Components

Market Cap: ₹16.4b

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

Sharda Motor Industries

Market Cap: ₹44.0b

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

India Nippon Electricals

Market Cap: ₹14.0b

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

Atul Auto

Market Cap: ₹13.7b

Manufactures and sells three-wheeler automobiles in India.

Banco Products (India)

Market Cap: ₹51.0b

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

Federal-Mogul Goetze (India)

Market Cap: ₹19.7b

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: ₹16.5b

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

Igarashi Motors India

Market Cap: ₹14.9b

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

Steel Strips Wheels

Market Cap: ₹30.6b

Engages in the design, manufacture, and sale of automotive wheel rims and other auto components in India and internationally.

Asahi India Glass

Market Cap: ₹161.6b

An integrated glass and windows solutions company, manufactures and supplies various glass products in India and internationally.

Shriram Pistons & Rings

Market Cap: ₹82.7b

Manufactures and sells automotive components in India.

Alicon Castalloy

Market Cap: ₹10.8b

Provides design, manufacturing, engineering, casting, machining, assembly, painting, and surface treatment services for aluminum components in India and internationally.

GRP

Market Cap: ₹15.8b

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

Automotive Axles

Market Cap: ₹25.4b

Manufactures and sells automotive components in India.

Pricol

Market Cap: ₹54.3b

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

Subros

Market Cap: ₹40.4b

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

ASK Automotive

Market Cap: ₹83.6b

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

S.J.S. Enterprises

Market Cap: ₹29.0b

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