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

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 32.7x which is higher than its 3-year average PE of 26.2x. The industry is trading close to its 3-year average PS ratio of 1.8x.

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

Investors are most optimistic about the Motorcycle Manufacturers industry, which is trading close to its 3-year average PE ratio of 37.9x. Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings growth of 8.8% 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 22.3x.

Indian (NIFTY) Auto Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 20 Sep 2026	₹19.2t	₹10.5t	₹587.6b	26.5x	32.7x	1.8x
Tue, 18 Aug 2026	₹20.6t	₹10.5t	₹587.6b	29.4x	35x	2x
Thu, 16 Jul 2026	₹18.9t	₹9.9t	₹583.5b	29.1x	32.4x	1.9x
Sat, 13 Jun 2026	₹18.7t	₹9.9t	₹583.5b	28.6x	32x	1.9x
Mon, 11 May 2026	₹19.2t	₹10.5t	₹629.5b	29x	30.5x	1.8x
Wed, 08 Apr 2026	₹17.4t	₹10.2t	₹598.9b	26.9x	29x	1.7x
Fri, 06 Mar 2026	₹19.5t	₹10.2t	₹598.9b	30.4x	32.6x	1.9x
Sun, 01 Feb 2026	₹19.4t	₹10.3t	₹653.0b	26.9x	29.7x	1.9x
Tue, 30 Dec 2025	₹20.2t	₹10.1t	₹643.1b	33x	31.5x	2x
Thu, 27 Nov 2025	₹20.3t	₹10.1t	₹643.1b	32.8x	31.6x	2x
Sat, 25 Oct 2025	₹20.3t	₹10.0t	₹717.8b	34x	28.2x	2x
Mon, 22 Sep 2025	₹21.6t	₹10.0t	₹717.7b	34.3x	30.1x	2.2x
Wed, 20 Aug 2025	₹19.9t	₹10.0t	₹717.7b	32.3x	27.8x	2x
Fri, 18 Jul 2025	₹18.2t	₹9.9t	₹715.8b	30.8x	25.5x	1.8x
Sun, 15 Jun 2025	₹17.8t	₹9.9t	₹716.5b	29.4x	24.8x	1.8x
Tue, 13 May 2025	₹17.6t	₹9.9t	₹814.9b	28.6x	21.6x	1.8x
Thu, 10 Apr 2025	₹15.6t	₹9.8t	₹807.6b	26.4x	19.3x	1.6x
Sat, 08 Mar 2025	₹16.1t	₹9.8t	₹807.6b	26.6x	20x	1.7x
Mon, 03 Feb 2025	₹18.0t	₹9.7t	₹802.3b	31.4x	22.5x	1.9x
Wed, 01 Jan 2025	₹17.1t	₹9.6t	₹813.0b	28.3x	21.1x	1.8x
Fri, 29 Nov 2024	₹17.5t	₹9.6t	₹813.0b	27.2x	21.5x	1.8x
Sun, 27 Oct 2024	₹18.0t	₹9.6t	₹816.7b	27.5x	22x	1.9x
Tue, 24 Sep 2024	₹19.0t	₹8.8t	₹759.1b	31.2x	25x	2.1x
Thu, 22 Aug 2024	₹18.0t	₹8.8t	₹759.1b	30.1x	23.7x	2x
Sat, 20 Jul 2024	₹17.0t	₹8.6t	₹736.4b	32.8x	23.1x	2x
Mon, 17 Jun 2024	₹17.5t	₹8.6t	₹733.5b	33.8x	23.8x	2x
Wed, 15 May 2024	₹16.0t	₹8.6t	₹732.0b	32.6x	21.8x	1.8x
Fri, 12 Apr 2024	₹15.6t	₹8.3t	₹592.3b	33.4x	26.4x	1.9x
Sun, 10 Mar 2024	₹15.1t	₹8.3t	₹592.3b	31.9x	25.6x	1.8x
Tue, 06 Feb 2024	₹13.8t	₹8.2t	₹586.3b	29.5x	23.5x	1.7x
Thu, 04 Jan 2024	₹12.7t	₹7.9t	₹530.0b	29.3x	24x	1.6x
Sat, 02 Dec 2023	₹12.1t	₹7.8t	₹513.5b	31.4x	23.5x	1.5x
Mon, 30 Oct 2023	₹11.1t	₹7.5t	₹463.6b	28.9x	23.9x	1.5x
Wed, 27 Sep 2023	₹11.1t	₹7.5t	₹462.6b	31.2x	24x	1.5x


IN Market	-0.31%
Consumer Discretionary	-0.55%
Auto	-0.97%
Motorcycle Manufacturers	-0.75%
Automobile Manufacturers	-1.17%

Company	Last Price	7D	1Y	Valuation
HYUNDAI Hyundai Motor India	₹2.21k	1.6% +₹28.3b	-21.4%	PE36.3x
532343 TVS Motor	₹4.16k	0.8% +₹15.9b	17.8%	PE57.7x
500182 Hero MotoCorp	₹5.30k	1.4% +₹15.0b	-2.0%	PE19.5x
500570 Tata Motors Passenger Vehicles	₹303.80	0.6% +₹6.6b	-57.1%	PS0.3x
544563 Zelio E-Mobility	₹852.60	0.8% +₹149.1m	n/a	PE63.5x

Announcement • Sep 11

TVS Motor Company Launches Next Generation Apache Motorcycle Range In Sri Lanka

TVS Motor Company launched its expanded TVS Apache motorcycle portfolio in Sri Lanka, comprising the Flagship TVS Apache RR 310, TVS Apache RTR 310, TVS Apache RTR 200 4V TFT and TVS Apache RTR 160 4V TFT. The launch marks the introduction of the globally celebrated TVS Apache brand to the customers in Sri Lanka. For over 20 years, TVS Apache has embodied TVS Motor Company's racing DNA and built a passionate community of more than 7 million riders worldwide. Developed on TVS Racing's "Track to Road" philosophy, the brand brings race-derived technology, performance, and innovation from the racetrack to the street, delivering motorcycles engineered for thrill, precision, and everyday rideability. Built on 44 years of TVS Racing heritage and inspired by the racetrack, TVS Apache represents the perfect blend of performance, agility, innovation, and rider-centric engineering. Every motorcycle in the TVS Apache lineup is designed and developed with insights gained from TVS Racing, delivering a truly exhilarating riding experience. The TVS Apache RR 310, the flagship supersport motorcycle in the TVS Apache line-up, brings TVS Racing's supersport DNA to Sri Lanka. Featuring an aggressive fully-faired design, race-focused ergonomics, and segment-first aerodynamic winglets, the motorcycle is powered by a 312.2 cc reverse-inclined DOHC engine, delivering 38 PS at 9,800 rpm and 29 Nm at 7,900 rpm. Engineered to deliver a race-inspired riding experience, the TVS Apache RR 310 comes equipped with a Bidirectional Quickshifter, Cruise Control, Tyre Pressure Monitoring System (TPMS), Transparent Clutch Cover, and four ride modes that allow riders to tailor performance to varying riding conditions. The motorcycle also features the advanced RT-DSC (Race Tuned Dynamic Stability Control) suite, comprising Launch Control, Cornering Drag Torque Control (CDTC), Cornering ABS, Cornering Traction Control, Cornering Cruise Control, Wheelie Control, Rear Lift-off Control, and Slope Dependent Control, delivering exceptional safety, precision, and rider confidence. Additional rider-focused features include a Gen-2 Race Computer with multi-language support, further elevating the riding experience. Together, these technologies make the TVS Apache RR 310 a true embodiment of TVS Racing's "Track to Road" philosophy, offering riders a supersport experience that seamlessly blends performance, technology, and control. The TVS Apache RTR 310 combines aggressive streetfighter styling with performance-focused engineering and advanced rider technology. Powered by a 312.2 cc reverse-inclined engine, the motorcycle delivers 35.6 PS at 9,700 rpm and 28.7 Nm at 6,650 rpm. Designed to redefine street performance, the TVS Apache RTR 310 comes loaded with segment-leading technologies, including a Bidirectional Quickshifter, Cruise Control, Tyre Pressure Monitoring System (TPMS), Transparent Clutch Cover, Keyless Ride, and five ride modes that offer a highly personalized riding experience. The motorcycle also features the advanced RT-DSC (Race Tuned Dynamic Stability Control) package with Cornering Drag Torque Control (DTC), Cornering ABS, Cornering Traction Control, Cornering Cruise Control, Wheelie Control, Rear Lift-off Control, and Slope Dependent Control, enabling enhanced control, stability, and confidence across varied riding conditions. These advanced electronic rider aids, combined with its aggressive streetfighter character and race-derived engineering, make the TVS Apache RTR 310 one of the most technologically advanced motorcycles in its segment. The TVS Apache RTR 200 4V TFT raises the benchmark in the premium performance motorcycle segment by combining race-derived engineering with advanced rider technology. Powered by a 197.75 CC Engine Delivering 20.82 PS power at 9000 RPM and 17.25 Nm at 7250 RPM, the motorcycle delivers exhilarating performance while ensuring superior rideability across conditions. Equipped with a segment-leading Class D projector headlamp, 37 mm Upside Down (USD) front suspension, and an advanced 5-inch TFT instrument cluster with TVS SmartXonnect™, it offers a perfect blend of style, connectivity, and control. Enhancing the riding experience further are three ride modes (Sport, Urban, and Rain), Dual-Channel ABS, Traction Control System, and TVS Racing's race-derived O3C engine technology, providing riders with exceptional performance, confidence, and precision on every ride. The TVS Apache RTR 160 4V TFT brings premium technology and performance to the entry level performance Motorcycle segment. Powered by a 159.7 cc engine delivering 17.55 PS power at 9,250 RPM and 14.73 Nm Torque at 7500 RPM, the motorcycle features a segment-first Class D projector headlamp, 37 mm Upside Down (USD) front suspension and a 5-inch TFT cluster with TVS SmartXonnect™. Complementing these features are dual-channel ABS, rider-focused technologies such as Traction Control System, Assist & Slipper Clutch and three ride modes – Sport, Urban and Rain, delivering enhanced control and an engaging riding experience. MODEL VARIANT PRICE COLOURS TVS Apache RR 310 Base LKR 2.55 million Racing Red | Bomber Grey TVS Apache RR 310 Plus LKR 2.60 million Racing Red | Bomber Grey | Race Replica TVS Apache RTR 310 Base LKR 2.45 million Black Red | Black Yellow | Racing Red TVS Apache RTR 310 Plus LKR 2.50 million Black Red | Black Yellow | Racing Red | Sepang Blue TVS Apache RTR 160 4V TFT LKR 0.96 million Matte Black | Racing Red | Marine Blue TVS Apache RTR 200 4V TFT LKR 1.1 million Matte Black | Granite Grey. The motorcycles will be available through the authorised TVS Motor Company dealer network across Sri Lanka. Beyond its motorcycles, TVS Apache has developed one of the world's most passionate riding communities. With more than 500,000 registered community members, the brand continues to foster a vibrant ecosystem of riders through curated rides, track experiences and immersive brand engagements that celebrate performance, adventure and fellowship. Celebrating 20 years of racing-inspired performance, the TVS Apache brand is trusted by over 7 million customers in more than 90 countries, reflecting its strong success and customer loyalty worldwide.

Announcement • Sep 05

Maruti Suzuki India Limited Introduces the Stunning New Baleno

Maruti Suzuki India Limited introduced the Stunning New Baleno, designed to captivate young, ambitious urban achievers who lead their lives with sophistication and elegance. Developed with the philosophy of ‘Dare to go Glam’, the Stunning New Baleno introduces a premium and progressive design language which elevates the striking appeal of the premium hatchback. The Stunning New Baleno features a distinct new identity with an all-new NEXWave grille design, establishing a new premium and progressive design language. The Stunning New Baleno introduces First-in-segment Level 2 ADAS, an intelligent driver support system featuring eight advanced safety and assistance functions. Designed for superior comfort, the Stunning New Baleno comes with First-in-segment ventilated front seats featuring plush leatherette upholstery for a cool and comfortable driving experience. Premium Sound System by Clarion#1 for an incredible acoustic experience. Powering the Stunning New Baleno is the Advanced Z12E powertrain, available with 5-speed manual and AGS automatic transmission options. The Stunning New Baleno offers a new level of safety and convenience with Level 2 ADAS featuring radar and camera combination and Ventilated Front Seats with plush leatherette upholstery. Bookings for the Stunning New Baleno are now open at INR 1.1 million, with prices starting at INR 6.099 million (ex-showroom~). The Stunning New Baleno’s new front facia features a premium and a new vision of the signature NEXWave grille that commands attention with its unmistakable design. The wide new grille is instrumental in defining the New Baleno’s road presence, featuring prominent 3D patterns with horizontal chrome slats that accentuate the stance and overall width of the Stunning New Baleno. Complementing the styling of the Stunning New Baleno is the new sculpted front bumper with a new lower grille design, adding a layer of NEXPression. Lending a touch of NEXA’s crafted futurism design is the new chrome accent fender garnish that adds sophistication to the design, while the NEXTre’ LED DRLs continue to ensure its distinct appeal. The Stunning New Baleno comes with a shark fin antenna, contributing to the premium appeal. The Stunning New Baleno is available in range of 7 colour options including the introduction of a new Enigmatic Teal colour shade inspired by the depths of the sea and digital fusion, to embody depth in shadows and brilliance under light. The Stunning New Baleno with NEXTech introduces a new level of driving convenience and safety for premium hatchback segment customers with the introduction of the Level 2 ADAS. Equipped with a radar and camera combination, the ADAS system offers advanced driver assistance features including Advanced Emergency Braking (AEB), Lane Keep Assist, Lane Departure Prevention, Lane Departure Warning, Adaptive Cruise Control, High Beam Assist (HBA), Vehicle Sway Warning and Forward Collision Warning. The Stunning New Baleno’s Level 2 ADAS suite acts as an intelligent driver assistance system for enhanced driving safety. Equipped with an array of standard NEXA Safety Shield features including 6 airbags, Electronic Stability Program (ESP®)*, Anti-lock Braking System (ABS) with Electronic Brakeforce Distribution (EBD), Emergency Stop Signal, Hill Hold Control, Reverse Parking Sensors, 3-Point Seat Belts, Seat Belt Reminders, and the introduction of Tyre Pressure Monitoring System (TPMS); the Stunning New Baleno offers enhanced protection for greater peace of mind. The Stunning New Baleno features a plush dual-tone interior design with piano black inserts to pamper occupants in a premium ambiance. Further enhancing the premium quotient are the segment-first ventilated front seats with plush leatherette upholstery that adds to the upmarket appeal. A host of new feature additions in the Stunning New Baleno include Premium Sound System by Clarion#1, Qi-certified wireless smartphone charger with active cooling function and more. The Stunning New Baleno continues to offer 360 View Camera system and Head Up Display (HUD) to drive up the ‘wow’ factor of India’s favourite premium hatchback. Taking centre stage inside the cabin is the 22.86 cm (9”) SmartPlay Pro+ Infotainment system featuring a high-definition display and an intuitive user interface, featuring wireless Apple CarPlay® and Android Auto™#2. The Stunning New Baleno also comes with Suzuki Connect telematics system with 40+ features for vehicle safety and security, trips and driving behaviour, status-alerts and remote operations through the Suzuki Connect App. Powering the Stunning New Baleno is the Advanced Z12E powertrain with a maximum power output of 61 kW @ 5700 rpm and 112.4 Nm of peak torque @ 4500 rpm. Equipped with Idle Start-Stop technology and Dual VVT, the powertrain is engineered to optimise driving pleasure with low CO2 emissions. Available with 5-speed manual (MT) and Auto Gear Shift (AGS) automatic transmission options, the Stunning New Baleno offers fuel-efficiency of 23.80 km/l^ for the MT model and 24.77 km/l^ for the AGS model, an improvement of 6.4% and 7.9% in fuel-efficiency respectively over its predecessor. The Baleno S-CNG is available with the Z12E engine and 5-speed manual transmission delivers a fuel efficiency of 33.61 km/kg^ in S-CNG (MT), an improvement of 9.8% over its predecessor. Personalise your New Baleno with Exclusive Accessory Packages: Elegrande Collection: Designed for customers who seek understated sophistication, the Elegrande Collection adds a suite of premium exterior elements that accentuate the elegance of the New Baleno. Novo-Spirit Collection: Styled for customers seeking a contemporary, spirited design language, the Novo-Spirit Collection lends the New Baleno a distinct and individual identity. Technical Specifications Overall Length (mm) 3990 Engine Specifications Z12E engine with Idle Start stop Z12E S-CNG with Idle Start stop Overall Height (mm) (unladen) 1530 Displacement 1197cc 1197cc Overall Width (mm) 1745 Max Power 61 kW @ 5700 rpm (82.93 PS @ 5700rpm) Petrol Mode: 61 kW @ 5700 rpm (82.93 PS @ 5700 rpm) CNG Mode: 51.3 kW @ 5700 rpm (69.75 PS @ 5700rpm) Wheelbase (mm) 2520 Max Torque 112.4 Nm @ 4500 rpm Petrol Mode: 112.4Nm @ 4500 rpm CNG Mode: 101.8 Nm @ 2900 rpm Tyre Size Sigma, Delta: 185/65 R15(Steel) Zeta, Alpha, Alpha(O): 195/55 R16 (Alloy) Fuel Efficiency MT: 23.80 km/l^ AGS: 24.77 km/l^ MT: 33.61 km/kg^ Fuel Tank Capacity Petrol – 37 L Petrol - 37L CNG - 55L (Water Equivalent) Suspension Front: Mac Pherson Strut & Coil Spring Rear: Torsion Beam Type & Coil Spring.

Indian (NIFTY) Auto Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

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Dividend increased to ₹0.12

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Now 20% overvalued