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Indian (NIFTY) Motorcycle Manufacturers Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.4%
  • 3M3.4%
  • 1Y18.8%
  • YTDn/a

Over the last 7 days, the Motorcycle Manufacturers industry has dropped 1.4%, driven by a pullback from Hero MotoCorp of 6.2%. In the past year, the industry has gained 19%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Indian Motorcycle Manufacturers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Dec 2025₹7.9t₹1.8t₹183.7b27.8x42.8x4.5x
Wed, 12 Nov 2025₹7.6t₹1.7t₹178.4b34.4x42.4x4.4x
Fri, 10 Oct 2025₹7.6t₹1.7t₹167.4b27.5x45.4x4.6x
Sun, 07 Sep 2025₹7.5t₹1.7t₹167.2b33.4x45.1x4.5x
Tue, 05 Aug 2025₹6.5t₹1.7t₹157.9b31.2x41x3.9x
Thu, 03 Jul 2025₹6.5t₹1.7t₹156.1b31.9x41.4x3.9x
Sat, 31 May 2025₹6.4t₹1.7t₹156.0b46.4x41.1x3.9x
Mon, 28 Apr 2025₹6.1t₹1.6t₹163.2b50.1x37.3x3.8x
Wed, 26 Mar 2025₹5.9t₹1.6t₹163.2b45.8x35.9x3.7x
Fri, 21 Feb 2025₹6.0t₹1.6t₹163.2b45.1x36.6x3.7x
Sun, 19 Jan 2025₹6.0t₹1.6t₹160.7b45.2x37.6x3.8x
Tue, 17 Dec 2024₹6.4t₹1.6t₹160.6b34.1x39.9x4.1x
Thu, 14 Nov 2024₹6.3t₹1.6t₹159.2b35.8x39.4x4x
Sat, 12 Oct 2024₹7.5t₹1.5t₹163.6b41.5x45.7x4.9x
Mon, 09 Sep 2024₹7.3t₹1.5t₹163.6b37.9x44.7x4.8x
Wed, 07 Aug 2024₹6.2t₹1.4t₹174.7b33x35.3x4.3x
Fri, 05 Jul 2024₹6.2t₹1.4t₹171.6b50.5x36.1x4.4x
Sun, 02 Jun 2024₹5.9t₹1.4t₹171.6b47.1x34.5x4.2x
Tue, 30 Apr 2024₹5.6t₹1.4t₹168.2b45.9x33.2x4.1x
Thu, 28 Mar 2024₹5.6t₹1.3t₹165.1b48.1x33.8x4.2x
Sat, 24 Feb 2024₹5.4t₹1.3t₹165.1b46.9x32.8x4x
Mon, 22 Jan 2024₹4.9t₹1.3t₹151.4b47.5x32.3x3.9x
Wed, 20 Dec 2023₹4.7t₹1.3t₹151.4b47.6x30.8x3.7x
Fri, 17 Nov 2023₹4.1t₹1.3t₹151.4b42.1x27x3.2x
Sun, 15 Oct 2023₹3.8t₹1.2t₹141.4b29.5x26.8x3.1x
Tue, 12 Sep 2023₹3.7t₹1.2t₹143.4b36.8x26x3x
Thu, 10 Aug 2023₹3.6t₹1.2t₹142.4b38.6x25.2x2.9x
Sat, 08 Jul 2023₹3.6t₹1.2t₹133.2b40.2x26.9x3x
Mon, 05 Jun 2023₹3.6t₹1.2t₹133.2b40.7x27.1x3x
Wed, 03 May 2023₹3.3t₹1.2t₹127.8b30.2x25.7x2.8x
Fri, 31 Mar 2023₹2.9t₹1.2t₹126.1b24.3x23.4x2.6x
Sun, 26 Feb 2023₹3.1t₹1.2t₹126.1b26.2x24.3x2.7x
Tue, 24 Jan 2023₹3.0t₹1.1t₹121.8b27.4x24.6x2.7x
Thu, 22 Dec 2022₹3.0t₹1.1t₹121.8b27.2x24.9x2.7x
Price to Earnings Ratio

24.9x


Total Market Cap: ₹3.0tTotal Earnings: ₹121.8bTotal Revenue: ₹1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Motorcycle Manufacturers Industry Price to Earnings3Y Average 34.4x202320242025
Current Industry PE
  • Investors are optimistic on the Indian Motorcycle Manufacturers industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 42.8x which is higher than its 3-year average PE of 34.4x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Motorcycle Manufacturers industry have grown 15% 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 Comparison

How does Indian Motorcycle Manufacturers compare with similar industries?

IN Market-0.34%
Consumer Discretionary-0.22%
Auto-0.37%
Motorcycle Manufacturers-1.42%
Automobile Manufacturers0.30%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
OLAELEC Ola Electric Mobility₹37.389.6%
+₹14.4b		-61.4%PS5.2x
532343 TVS Motor₹3.64k0.8%
+₹13.0b		44.0%PE66.4x
ATHERENERG Ather Energy₹685.251.0%
+₹2.5b		n/aPS9.2x
531795 Atul Auto₹438.902.5%
+₹298.3m		-29.2%PE45.1x
544428 Supertech EV₹70.9516.0%
+₹121.1m		n/aPE13.3x

Latest News

544428
₹70.95
Supertech EV
7D
16.0%
1Y
n/a
ATHERENERG
₹685.25
Ather Energy
7D
1.0%
1Y
n/a
BAJAJ-AUTO
₹8,940.00
Bajaj Auto
7D
-1.0%
1Y
-0.6%

We Like Bajaj Auto's (NSE:BAJAJ-AUTO) Returns And Here's How They're Trending

Dec 09
We Like Bajaj Auto's (NSE:BAJAJ-AUTO) Returns And Here's How They're Trending
532343
₹3,639.40
TVS Motor
7D
0.8%
1Y
44.0%

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

Analysts have modestly raised their price target on TVS Motor to ₹3,664.61 from ₹3,621.42, citing slightly stronger expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Launched refreshed TVS King three wheeler range, including Deluxe Plus and Deluxe Plus XL, aimed at strengthening market share in Western Africa with a larger fuel tank, a wider cabin and enhanced durability features (company announcement).
500182
₹5,959.85
Hero MotoCorp
7D
-3.3%
1Y
31.3%

500182: Global EV Push And Leadership Transition Will Shape Future Outlook

Narrative Update on Hero MotoCorp Analysts have nudged their fair value estimate for Hero MotoCorp higher to ₹5,843 from about ₹5,775, citing slightly stronger assumptions for long term revenue growth, profit margins and future valuation multiples. What's in the News Board approves up to INR 1,700 million investment to build Global Part Center 2.0 in Tirupati, with commercial operations targeted for fiscal 2027 to 2028 (Board Meeting, Business Expansions) Hero, through its VIDA brand, debuts the VIDA VX2 urban electric scooter in Europe and unveils multiple electric motorcycle concepts, underlining its global EV ambitions (Product Related Announcements) Company accelerates European expansion with official market entries in Italy, Spain and the UK, backed by local distribution partners and fast growing dealer networks (Client Announcements, Business Expansions) Launch of the new Destini 110 aims to capture India’s largest 110cc commuter scooter sub segment with a family focused, fuel efficient model (Product Related Announcements) Harshavardhan Chitale appointed Chief Executive Officer effective January 5, 2026, bringing over three decades of global leadership experience (Executive Changes) Valuation Changes Fair Value Estimate has risen slightly from about ₹5,775 to approximately ₹5,843 per share.
OLAELEC
₹37.38
Ola Electric Mobility
7D
9.6%
1Y
-61.4%

OLAELEC: In-House Battery Manufacturing Will Drive Future Performance And Margins

Analysts have slightly lowered their fair value estimate for Ola Electric Mobility from ₹46.63 to ₹45.88 per share, citing a tempered outlook on revenue growth, partly offset by expectations of improved profit margins and a marginally higher future earnings multiple. What's in the News Ola Electric has begun deliveries of its S1 Pro+ scooter powered by the indigenously manufactured 4680 Bharat Cell battery pack, making it the first Indian EV maker to fully own both battery pack and cell manufacturing in-house (company announcement).
505200
₹7,120.15
Eicher Motors
7D
-0.3%
1Y
47.2%

505200: Slight Fair Value Shift Will Support Balanced Long Term Performance

Analysts have slightly raised their fair value estimate for Eicher Motors to ₹6,995 from ₹6,952, citing marginally stronger long term revenue growth and valuation multiples that more than offset a modestly lower projected profit margin and slightly higher discount rate. What's in the News Board meeting scheduled for November 13, 2025, to consider and approve unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025 (company filing) Valuation Changes Fair Value Estimate has risen slightly to ₹6,995 from ₹6,952, reflecting a modest upward revision in intrinsic value.
544563
₹503.00
Zelio E-Mobility
7D
-5.9%
1Y
n/a
TUNWAL
₹36.00
Tunwal E-Motors
7D
-8.7%
1Y
-28.1%
538970
₹9.24
Wardwizard Innovations & Mobility
7D
-5.0%
1Y
-77.9%
DELTIC
₹46.20
Delta Autocorp
7D
-8.6%
1Y
n/a
531795
₹438.90
Atul Auto
7D
2.5%
1Y
-29.2%