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Indian (NIFTY) Auto Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies19
  • 7D2.8%
  • 3M-6.8%
  • 1Y7.0%
  • YTD-10.7%

In the last week, the Auto industry is up 2.8%, with Bajaj Auto up 8.1%. In the last 12 months, the industry was up 7.0%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 May 2026₹18.6t₹10.3t₹597.7b28.8x31.1x1.8x
Sat, 04 Apr 2026₹17.2t₹10.2t₹598.9b26.6x28.7x1.7x
Mon, 02 Mar 2026₹20.0t₹10.2t₹598.9b31.3x33.4x2x
Wed, 28 Jan 2026₹19.4t₹10.1t₹643.2b26.6x30.2x1.9x
Fri, 26 Dec 2025₹20.4t₹10.1t₹643.1b32.8x31.8x2x
Sun, 23 Nov 2025₹20.2t₹10.1t₹643.1b33.2x31.4x2x
Tue, 21 Oct 2025₹20.5t₹10.0t₹717.8b34.2x28.6x2.1x
Thu, 18 Sep 2025₹21.5t₹10.0t₹717.7b34.2x30x2.2x
Sat, 16 Aug 2025₹18.6t₹10.0t₹717.6b30.2x25.9x1.9x
Mon, 14 Jul 2025₹17.9t₹9.9t₹716.6b30.3x24.9x1.8x
Wed, 11 Jun 2025₹18.1t₹9.9t₹716.5b29.6x25.2x1.8x
Fri, 09 May 2025₹17.1t₹9.9t₹814.9b27.8x21x1.7x
Sun, 06 Apr 2025₹15.9t₹9.8t₹807.6b26.7x19.6x1.6x
Tue, 04 Mar 2025₹15.9t₹9.8t₹807.6b27x19.7x1.6x
Thu, 30 Jan 2025₹17.3t₹9.6t₹812.9b29.7x21.3x1.8x
Sat, 28 Dec 2024₹17.3t₹9.6t₹813.0b28.6x21.3x1.8x
Mon, 25 Nov 2024₹17.7t₹9.6t₹813.0b28.3x21.8x1.8x
Wed, 23 Oct 2024₹18.6t₹9.6t₹815.0b29.1x22.8x1.9x
Fri, 20 Sep 2024₹18.7t₹8.8t₹759.1b30.6x24.6x2.1x
Sun, 18 Aug 2024₹18.0t₹8.8t₹759.1b30.1x23.8x2x
Tue, 16 Jul 2024₹17.1t₹8.6t₹733.5b33.4x23.4x2x
Thu, 13 Jun 2024₹17.2t₹8.6t₹733.5b33.2x23.5x2x
Sat, 11 May 2024₹16.0t₹8.4t₹610.4b32.9x26.3x1.9x
Mon, 08 Apr 2024₹15.4t₹8.3t₹592.3b33x26x1.9x
Wed, 06 Mar 2024₹15.0t₹8.3t₹592.3b31x25.4x1.8x
Fri, 02 Feb 2024₹13.6t₹8.0t₹545.6b29.7x24.9x1.7x
Sun, 31 Dec 2023₹12.9t₹7.9t₹530.0b30.1x24.4x1.6x
Tue, 28 Nov 2023₹11.7t₹7.8t₹513.5b31.1x22.8x1.5x
Thu, 26 Oct 2023₹11.1t₹7.5t₹463.6b28.7x24x1.5x
Sat, 23 Sep 2023₹11.0t₹7.5t₹462.6b30.9x23.9x1.5x
Mon, 21 Aug 2023₹10.4t₹7.5t₹462.6b29x22.4x1.4x
Wed, 19 Jul 2023₹10.5t₹7.0t₹342.3b41.8x30.6x1.5x
Fri, 16 Jun 2023₹10.1t₹7.0t₹342.3b35.3x29.5x1.4x
Sun, 14 May 2023₹9.5t₹7.0t₹338.4b34.1x28.2x1.4x
Price to Earnings Ratio

28.2x


Total Market Cap: ₹9.5tTotal Earnings: ₹338.4bTotal Revenue: ₹7.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Industry Price to Earnings3Y Average 25.5x202420252026
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 31.1x which is higher than its 3-year average PE of 25.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Auto industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market-0.061%
Consumer Discretionary0.37%
Auto2.78%
Motorcycle Manufacturers3.06%
Automobile Manufacturers2.57%
Industry PE
  • Investors are most optimistic about the Motorcycle Manufacturers industry which is trading above its 3-year average PE ratio of 36.6x.
    • Analysts are expecting annual earnings growth of 16.8%, which is lower than the prior year's growth of 28.9% 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 22.1x.
Forecasted Growth
  • Analysts are most optimistic on the Motorcycle Manufacturers industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% 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
BAJAJ-AUTO Bajaj Auto₹10.32k8.1%
+₹216.8b		31.5%PE32.5x
M&M Mahindra & Mahindra₹3.30k4.7%
+₹165.8b		5.8%PE21.5x
MARUTI Maruti Suzuki India₹13.72k3.5%
+₹146.2b		8.6%PE29.4x
505200 Eicher Motors₹7.31k1.7%
+₹34.0b		33.3%PE37.4x
532343 TVS Motor₹3.62k1.9%
+₹31.2b		29.6%PE59.6x

Latest News

500182
₹5,169.70
Hero MotoCorp
7D
1.1%
1Y
33.7%
532343
₹3,617.85
TVS Motor
7D
1.9%
1Y
29.6%
M&M
₹3,300.80
Mahindra & Mahindra
7D
4.7%
1Y
5.8%
ATHERENERG
₹897.55
Ather Energy
7D
-4.4%
1Y
189.6%
HYUNDAI
₹1,839.90
Hyundai Motor India
7D
1.2%
1Y
3.6%
OLAELEC
₹34.81
Ola Electric Mobility
7D
-3.9%
1Y
-27.5%

OLAELEC: Capital Strain From Battery Expansion Will Still Limit Future Upside

Analysts have kept their fair value estimate for Ola Electric Mobility steady at ₹20.0 per share. A slightly higher assumed revenue growth rate of 30.19% and a marginally lower profit margin of 9.48% feed into a modestly higher future P/E multiple of 27.44x.
MARUTI
₹13,722.00
Maruti Suzuki India
7D
3.5%
1Y
8.6%
500570
₹358.00
Tata Motors Passenger Vehicles
7D
1.6%
1Y
-47.4%

500570: Upcoming Board Allotment Will Highlight Confidence In Future Earnings Potential

Analysts have kept the Tata Motors Passenger Vehicles price target steady at ₹470, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that broadly balance each other out. What's in the News Board meeting on Apr 17, 2026 to consider and approve the allotment of 58,077 equity shares of face value ₹2 each to eligible employees following the exercise of 58,077 Performance Share Units at an exercise price of ₹2 per share (company filing).
BAJAJ-AUTO
₹10,319.00
Bajaj Auto
7D
8.1%
1Y
31.5%

BAJAJ-AUTO: Electric Three Wheeler Launch Will Support Balanced Long Term Outlook

Analysts have nudged their price target on Bajaj Auto slightly higher to ₹10,124.58 from ₹10,066.82. This reflects small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions.
544428
₹50.60
Supertech EV
7D
-6.8%
1Y
n/a
505200
₹7,311.35
Eicher Motors
7D
1.7%
1Y
33.3%

505200: Refreshed Assumptions And Product Updates Will Frame Balanced View Before Results

Analysts have trimmed their fair value estimate for Eicher Motors slightly to ₹7,811 from ₹7,879, citing updated assumptions that include a marginally higher discount rate, a revised revenue growth outlook, a slightly stronger profit margin profile, and a lower future P/E multiple. What's in the News Royal Enfield, part of Eicher Motors, expanded the Hunter 350 portfolio with a new Base Premium variant featuring alloy wheels, a digi analog instrument cluster, updated rider interface elements, and single channel ABS.
VICTORYEV
₹16.20
Victory Electric Vehicles International
7D
-3.9%
1Y
n/a
538970
₹7.37
Wardwizard Innovations & Mobility
7D
-3.2%
1Y
-62.5%
DELTIC
₹41.60
Delta Autocorp
7D
-7.3%
1Y
-39.7%
531357
₹31.62
Mercury Ev-Tech
7D
-0.8%
1Y
-48.5%