Indian Automobiles Top Dividend Payers

Munjal Showa

Market Cap: ₹5.2b

Manufactures and sells auto components for the two-wheeler and four-wheeler industry primarily in India and internationally.

Hero MotoCorp

Market Cap: ₹1.0t

Primarily engages in the manufacture and sale of motorised two wheelers in India, Asia, Central and Latin America, Africa, and the Middle East.

Bajaj Auto

Market Cap: ₹2.8t

Engages in the development, manufacture, and distribution of automobiles in India and internationally.

Rane Holdings

Market Cap: ₹16.3b

Manufactures and markets automotive components for the transportation industry in India and internationally.

Indag Rubber

Market Cap: ₹2.4b

Manufactures and sells precured tread rubber and allied products in India and internationally.

Banco Products (India)

Market Cap: ₹89.2b

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