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Indian (NIFTY) Auto Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies19
  • 7D3.0%
  • 3M0.8%
  • 1Y7.9%
  • YTD-4.1%

Mahindra & Mahindra is up 5.5%, leading the way for the Auto industry, which has gained 3.0%. In the last 12 months, the industry was up 7.9%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Indian Auto Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026₹20.0t₹10.3t₹654.9b30.1x30.5x1.9x
Sat, 03 Jan 2026₹21.0t₹10.1t₹643.1b32.2x32.6x2.1x
Mon, 01 Dec 2025₹20.3t₹10.1t₹643.1b33.1x31.5x2x
Wed, 29 Oct 2025₹20.3t₹10.0t₹717.8b34.4x28.3x2x
Fri, 26 Sep 2025₹21.3t₹10.0t₹717.7b36.1x29.7x2.1x
Sun, 24 Aug 2025₹19.7t₹10.0t₹717.7b31.9x27.5x2x
Tue, 22 Jul 2025₹18.2t₹9.9t₹715.8b30.7x25.5x1.8x
Thu, 19 Jun 2025₹17.8t₹9.9t₹716.5b29.5x24.9x1.8x
Sat, 17 May 2025₹18.3t₹9.9t₹723.9b29.8x25.2x1.8x
Mon, 14 Apr 2025₹15.9t₹9.8t₹807.6b26.9x19.6x1.6x
Wed, 12 Mar 2025₹15.9t₹9.8t₹807.6b26.5x19.7x1.6x
Fri, 07 Feb 2025₹18.1t₹9.7t₹802.3b31.1x22.5x1.9x
Sun, 05 Jan 2025₹18.1t₹9.6t₹813.0b30x22.3x1.9x
Tue, 03 Dec 2024₹17.8t₹9.6t₹813.0b28.3x21.9x1.9x
Thu, 31 Oct 2024₹17.8t₹9.6t₹809.9b27.3x22x1.9x
Sat, 28 Sep 2024₹19.9t₹8.8t₹759.1b32.6x26.2x2.2x
Mon, 26 Aug 2024₹18.2t₹8.8t₹759.1b30x24x2.1x
Wed, 24 Jul 2024₹17.1t₹8.6t₹736.6b31.1x23.2x2x
Fri, 21 Jun 2024₹16.9t₹8.6t₹733.5b33.4x23.1x2x
Sun, 19 May 2024₹16.1t₹8.7t₹733.2b32x21.9x1.9x
Tue, 16 Apr 2024₹15.4t₹8.3t₹592.3b33x26x1.9x
Thu, 14 Mar 2024₹14.6t₹8.3t₹592.3b30.8x24.6x1.8x
Sat, 10 Feb 2024₹13.8t₹8.2t₹586.3b30x23.6x1.7x
Mon, 08 Jan 2024₹12.7t₹7.9t₹530.0b29.3x24x1.6x
Wed, 06 Dec 2023₹12.3t₹7.8t₹513.5b32.5x24x1.6x
Fri, 03 Nov 2023₹10.9t₹7.5t₹466.8b28.4x23.3x1.4x
Sun, 01 Oct 2023₹11.1t₹7.5t₹462.6b31.2x24x1.5x
Tue, 29 Aug 2023₹10.4t₹7.5t₹462.6b29.2x22.5x1.4x
Thu, 27 Jul 2023₹10.7t₹7.4t₹430.5b34.9x24.8x1.4x
Sat, 24 Jun 2023₹9.9t₹7.0t₹342.3b34.3x28.9x1.4x
Mon, 22 May 2023₹9.5t₹7.0t₹338.5b33.5x28.1x1.4x
Wed, 19 Apr 2023₹8.9t₹6.6t₹258.8b26.6x34.3x1.3x
Fri, 17 Mar 2023₹8.3t₹6.6t₹258.8b24.6x32x1.3x
Sun, 12 Feb 2023₹8.8t₹6.6t₹255.8b26.7x34.6x1.3x
Price to Earnings Ratio

34.6x


Total Market Cap: ₹8.8tTotal Earnings: ₹255.8bTotal Revenue: ₹6.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Industry Price to Earnings3Y Average 25.7x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Auto industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.5x which is higher than its 3-year average PE of 25.7x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Auto industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 16% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Consumer Discretionary industry?

IN Market2.05%
Consumer Discretionary4.48%
Auto2.98%
Automobile Manufacturers3.05%
Motorcycle Manufacturers2.88%
Industry PE
  • Investors are most optimistic about the Motorcycle Manufacturers industry which is trading above its 3-year average PE ratio of 35.3x.
    • Analysts are expecting annual earnings growth of 15.0%, which is lower than the prior year's growth of 27.2% per year.
  • Investors are most pessimistic about the Automobile Manufacturers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.3x.
Forecasted Growth
  • Analysts are most optimistic on the Motorcycle Manufacturers industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 27% per year.
  • In contrast, the Automobile Manufacturers industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
M&M Mahindra & Mahindra₹3.57k5.5%
+₹209.4b		13.8%PE28x
MARUTI Maruti Suzuki India₹15.06k3.8%
+₹175.1b		15.2%PE31.7x
500570 Tata Motors Passenger Vehicles₹374.156.3%
+₹82.1b		-47.3%PE12.3x
ATHERENERG Ather Energy₹714.5018.8%
+₹43.2b		n/aPS8.6x
505200 Eicher Motors₹7.21k2.2%
+₹42.5b		34.9%PE38.7x

Latest News

500182
₹5,768.80
Hero MotoCorp
7D
3.4%
1Y
36.4%

500182: Higher Spending On Global Part Center 2.0 Will Restrain Future Returns

Analysts have trimmed their fair value estimate for Hero MotoCorp slightly from ₹4,225.04 to ₹4,214.13, reflecting updated assumptions around the discount rate, revenue growth and profit margin, along with a modest adjustment to the future P/E multiple. What's in the News A board meeting is scheduled for February 5, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
505200
₹7,208.45
Eicher Motors
7D
2.2%
1Y
34.9%
531357
₹39.84
Mercury Ev-Tech
7D
-0.3%
1Y
-48.9%
ATHERENERG
₹714.50
Ather Energy
7D
18.8%
1Y
n/a
532343
₹3,713.55
TVS Motor
7D
1.6%
1Y
43.2%

532343: Global Expansion And New Offerings Will Support Balanced Long-Term Prospects

Analysts have raised their fair value estimate for TVS Motor from ₹3,664.61 to ₹3,905.63, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Board meeting on Dec 15, 2025 to consider seeking shareholder consent via postal ballot for appointing Ms Kalpana Unadkat as a Non Executive Independent Director.
OLAELEC
₹31.45
Ola Electric Mobility
7D
-1.3%
1Y
-56.2%

OLAELEC: Residential Energy Storage Rollout Will Support Bullish Long Term Outlook

Analysts have cut their fair value estimate for Ola Electric Mobility to ₹55.0 from ₹72.0, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E that they see as better aligned with the stock's current risk and return profile. What's in the News Ola Electric announced a senior finance leadership change, with chief financial officer Harish Abichandani resigning for personal reasons on January 19 and the board appointing Deepak Rastogi as the new CFO from January 20, following a board meeting held on January 19, 2026 (company filing).
MARUTI
₹15,059.00
Maruti Suzuki India
7D
3.8%
1Y
15.2%

Maruti Suzuki India's (NSE:MARUTI) Returns On Capital Are Heading Higher

Feb 01
Maruti Suzuki India's (NSE:MARUTI) Returns On Capital Are Heading Higher
BAJAJ-AUTO
₹9,647.00
Bajaj Auto
7D
1.4%
1Y
9.1%
500570
₹374.15
Tata Motors Passenger Vehicles
7D
6.3%
1Y
-47.3%
M&M
₹3,572.00
Mahindra & Mahindra
7D
5.5%
1Y
13.8%

Mahindra & Mahindra Limited's (NSE:M&M) Business Is Trailing The Market But Its Shares Aren't

Jan 29
Mahindra & Mahindra Limited's (NSE:M&M) Business Is Trailing The Market But Its Shares Aren't
544428
₹58.75
Supertech EV
7D
-4.8%
1Y
n/a
VICTORYEV
₹21.95
Victory Electric Vehicles International
7D
-4.1%
1Y
n/a