Indian Automobiles Potentially Undervalued Small Caps

Omax Autos

Market Cap: ₹5.0b

Manufactures and sells automotive components in India.

UCAL

Market Cap: ₹2.6b

Engages in the manufacturers of fuel management systems for the automotive sector in India.

Delta Autocorp

Market Cap: ₹513.7m

Manufactures and sells two-wheeler and three-wheeler electric vehicles under the Deltic brand in India.

Krypton Industries

Market Cap: ₹533.9m

Manufactures and sells polyurethane (PU) tyres in India.

Remsons Industries

Market Cap: ₹2.8b

Manufactures and sells automotive components parts and related products in India and internationally.

Menon Pistons

Market Cap: ₹3.6b

Manufactures and sells auto components in India.

Jagan Lamps

Market Cap: ₹348.5m

Engages in the manufacture and sale of automotive bulbs and lights in India and internationally.