Indian Automobiles Low Leverage High Rewards

Munjal Showa

Market Cap: ₹5.3b

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

Hero MotoCorp

Market Cap: ₹941.5b

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: ₹2.3t

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

Goodyear India

Market Cap: ₹22.6b

Manufactures and sells tyres, tubes, and flaps under the Goodyear brand in India and internationally.

Banco Products (India)

Market Cap: ₹76.8b

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

Rane Brake Lining

Market Cap: ₹5.8b

Manufactures and markets auto components to original equipment manufacturers and aftermarket customers in India and internationally.