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Indian (NIFTY) Auto Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies19
  • 7D0.2%
  • 3M0.5%
  • 1Y17.4%
  • YTD-3.0%

Over the last 7 days, the Auto industry has remained flat, although notably Eicher Motors gained 10%. The past year has been better, since the industry has gained 17% in that time. 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
Wed, 18 Feb 2026₹20.2t₹10.2t₹598.9b30.7x33.7x2x
Fri, 16 Jan 2026₹20.4t₹10.1t₹643.2b32.4x31.7x2x
Sun, 14 Dec 2025₹20.4t₹10.1t₹643.1b33.3x31.7x2x
Tue, 11 Nov 2025₹20.0t₹10.2t₹737.8b33.1x27x2x
Thu, 09 Oct 2025₹21.0t₹10.0t₹717.8b34.6x29.3x2.1x
Sat, 06 Sep 2025₹20.8t₹10.0t₹717.7b33.4x29x2.1x
Mon, 04 Aug 2025₹17.9t₹10.0t₹725.5b30.7x24.6x1.8x
Wed, 02 Jul 2025₹18.3t₹9.9t₹716.5b32x25.5x1.8x
Fri, 30 May 2025₹18.0t₹9.9t₹723.1b32x24.9x1.8x
Sun, 27 Apr 2025₹16.7t₹9.8t₹807.2b27.8x20.7x1.7x
Tue, 25 Mar 2025₹16.8t₹9.8t₹807.6b27.9x20.8x1.7x
Thu, 20 Feb 2025₹17.0t₹9.8t₹807.6b28.4x21x1.7x
Sat, 18 Jan 2025₹17.5t₹9.6t₹813.0b29.8x21.5x1.8x
Mon, 16 Dec 2024₹17.8t₹9.6t₹813.0b28.9x21.8x1.9x
Wed, 13 Nov 2024₹17.6t₹9.6t₹814.1b27.2x21.6x1.8x
Fri, 11 Oct 2024₹18.9t₹8.8t₹759.1b31.5x24.9x2.1x
Sun, 08 Sep 2024₹18.4t₹8.8t₹759.1b29.6x24.3x2.1x
Tue, 06 Aug 2024₹16.8t₹8.8t₹770.1b30.4x21.8x1.9x
Thu, 04 Jul 2024₹16.8t₹8.6t₹733.5b32.1x22.9x1.9x
Sat, 01 Jun 2024₹16.0t₹8.6t₹733.5b32.4x21.8x1.9x
Mon, 29 Apr 2024₹15.6t₹8.4t₹608.6b32.7x25.6x1.9x
Wed, 27 Mar 2024₹15.1t₹8.3t₹592.3b33x25.5x1.8x
Fri, 23 Feb 2024₹14.7t₹8.3t₹592.3b31.3x24.7x1.8x
Sun, 21 Jan 2024₹12.9t₹7.9t₹530.0b28.9x24.4x1.6x
Tue, 19 Dec 2023₹12.4t₹7.9t₹530.0b29.3x23.5x1.6x
Thu, 16 Nov 2023₹11.4t₹7.8t₹513.5b31x22.3x1.5x
Sat, 14 Oct 2023₹11.2t₹7.5t₹460.6b29.5x24.4x1.5x
Mon, 11 Sep 2023₹10.9t₹7.5t₹462.6b30.4x23.5x1.4x
Wed, 09 Aug 2023₹10.3t₹7.5t₹461.6b31.5x22.4x1.4x
Fri, 07 Jul 2023₹10.5t₹7.0t₹342.3b41.6x30.6x1.5x
Sun, 04 Jun 2023₹9.9t₹7.0t₹342.3b34.9x28.9x1.4x
Tue, 02 May 2023₹9.0t₹6.7t₹268.5b29.6x33.5x1.3x
Thu, 30 Mar 2023₹8.2t₹6.6t₹258.8b24.3x31.6x1.2x
Sat, 25 Feb 2023₹8.6t₹6.6t₹258.8b26.2x33.4x1.3x
Price to Earnings Ratio

33.4x


Total Market Cap: ₹8.6tTotal Earnings: ₹258.8bTotal Revenue: ₹6.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Industry Price to Earnings3Y Average 25.6x202420252026
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 33.7x which is higher than its 3-year average PE of 25.6x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Auto industry have grown 32% 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-1.04%
Consumer Discretionary-1.14%
Auto0.22%
Motorcycle Manufacturers2.73%
Automobile Manufacturers-1.47%
Industry PE
  • Investors are most optimistic about the Motorcycle Manufacturers industry which is trading above its 3-year average PE ratio of 35.5x.
    • Analysts are expecting annual earnings growth of 15.0%, 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 23.1x.
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 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
505200 Eicher Motors₹8.03k10.1%
+₹202.0b		70.2%PE41.1x
532343 TVS Motor₹3.88k3.1%
+₹54.8b		65.0%PE63.9x
BAJAJ-AUTO Bajaj Auto₹9.83k0.5%
+₹14.7b		16.3%PE30.9x
500570 Tata Motors Passenger Vehicles₹382.850.9%
+₹13.3b		-43.8%PE38.9x
MARUTI Maruti Suzuki India₹15.18k0.2%
+₹10.4b		18.7%PE32x

Latest News

532343
₹3,878.65
TVS Motor
7D
3.1%
1Y
65.0%

532343: Global Rollouts And EV Initiatives Will Support Steady Long-Term Prospects

Analysts have maintained their fair value estimate for TVS Motor at ₹3,905.63 per share. They explained the unchanged target by slightly adjusting underlying inputs such as a lower discount rate and a marginally different future P/E assumption, while keeping revenue growth and profit margin expectations broadly consistent.
OLAELEC
₹27.98
Ola Electric Mobility
7D
-10.3%
1Y
-53.6%

Earnings Release: Here's Why Analysts Cut Their Ola Electric Mobility Limited (NSE:OLAELEC) Price Target To ₹37.50

Feb 17
Earnings Release: Here's Why Analysts Cut Their Ola Electric Mobility Limited (NSE:OLAELEC) Price Target To ₹37.50
538970
₹7.18
Wardwizard Innovations & Mobility
7D
-7.8%
1Y
-74.8%
531357
₹37.50
Mercury Ev-Tech
7D
-2.8%
1Y
-42.7%
500570
₹382.85
Tata Motors Passenger Vehicles
7D
0.9%
1Y
-43.8%

500570: Leadership Changes And Revised Assumptions Will Shape Future Performance Consistency

The analyst fair value estimate for Tata Motors Passenger Vehicles has been revised from about ₹672.89 to about ₹381.40 as analysts now apply more modest assumptions on revenue growth, profit margins, and future P/E multiples. What's in the News A board meeting is scheduled for Feb 5, 2026 to consider and approve the audited standalone financial results and the unaudited consolidated financial results (with limited review) for the third quarter and nine months ended Dec 31, 2025 (Key Developments).
M&M
₹3,489.20
Mahindra & Mahindra
7D
-5.1%
1Y
25.1%
505200
₹8,032.50
Eicher Motors
7D
10.1%
1Y
70.2%
BAJAJ-AUTO
₹9,826.50
Bajaj Auto
7D
0.5%
1Y
16.3%

BAJAJ-AUTO: Electric Rickshaw Expansion And Upcoming Results Will Support Balanced Outlook

Analysts have raised their price target on Bajaj Auto from ₹9,775 to about ₹10,154, citing updated assumptions on fair value, a slightly lower discount rate, modestly adjusted revenue growth, stable profit margins, and a broadly similar future P/E multiple. What's in the News Bajaj Auto has scheduled a board meeting on Jan 30, 2026, to consider the unaudited standalone and consolidated financial results for the quarter and nine months ending Dec 31, 2025 (Key Developments).
MARUTI
₹15,179.00
Maruti Suzuki India
7D
0.2%
1Y
18.7%

MARUTI: New Gujarat Capacity Expansion Will Support Strong Long Term Outlook

Analysts have trimmed their price target for Maruti Suzuki India to ₹17,542 from ₹18,071, reflecting updated assumptions for slightly softer revenue growth, profit margins, and future P/E multiples in their models. What's in the News Maruti Suzuki India plans a new manufacturing facility in Khoraj, Gujarat, with an investment of ₹3,50,000 million, targeting annual capacity of 1 million vehicles and around 12,000 potential jobs on a 1,750 acre site allotted by GIDC, framed as part of the Make in India, Made for the World initiative (company announcement).
500182
₹5,577.30
Hero MotoCorp
7D
-3.0%
1Y
45.2%
531795
₹514.30
Atul Auto
7D
-0.7%
1Y
12.7%
DELTIC
₹38.70
Delta Autocorp
7D
-8.7%
1Y
-48.1%
HYUNDAI
₹2,191.20
Hyundai Motor India
7D
0.5%
1Y
21.0%

Hyundai Motor India Limited Just Missed Earnings - But Analysts Have Updated Their Models

Feb 05
Hyundai Motor India Limited Just Missed Earnings - But Analysts Have Updated Their Models
ATHERENERG
₹726.35
Ather Energy
7D
-0.2%
1Y
n/a