Indian Automobiles Low Leverage High Rewards

Hero MotoCorp

Market Cap: ₹971.4b

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

Munjal Showa

Market Cap: ₹5.2b

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

Sharda Motor Industries

Market Cap: ₹51.4b

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

Goodyear India

Market Cap: ₹18.4b

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

SKF India

Market Cap: ₹81.1b

Engages in the provision of bearings, engineering services, and rotating equipment solutions in India and internationally.

Banco Products (India)

Market Cap: ₹98.6b

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