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 in India and internationally.

Omax Autos

Market Cap: ₹4.2b

Manufactures and sells automotive sheet metal components, frames, long members, and assemblies in India.

Hero MotoCorp

Market Cap: ₹1.1t

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

Sharda Motor Industries

Market Cap: ₹53.0b

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

Saint-Gobain Sekurit India

Market Cap: ₹10.8b

Manufactures and sells laminated and tempered automotive glass in India.

Goodyear India

Market Cap: ₹17.6b

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

SKF India

Market Cap: ₹79.3b

Engages in the manufacturing, trading, and servicing bearings, seals, and motion technologies in India and internationally.

Banco Products (India)

Market Cap: ₹89.5b

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