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Indian (NIFTY) Auto Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies19
  • 7D10.1%
  • 3M-8.0%
  • 1Y17.0%
  • YTD-9.2%

All of the companies in the Auto industry have been up over the last week, with the industry up 10%. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026₹18.9t₹10.2t₹598.9b29.8x31.6x1.9x
Mon, 09 Mar 2026₹19.3t₹10.2t₹598.9b29.8x32.2x1.9x
Wed, 04 Feb 2026₹19.8t₹10.3t₹654.9b30.2x30.2x1.9x
Fri, 02 Jan 2026₹20.8t₹10.1t₹643.1b32.8x32.4x2.1x
Sun, 30 Nov 2025₹20.3t₹10.1t₹643.1b33.1x31.5x2x
Tue, 28 Oct 2025₹20.4t₹10.0t₹717.8b35.1x28.4x2x
Thu, 25 Sep 2025₹21.5t₹10.0t₹717.7b36.6x29.9x2.2x
Sat, 23 Aug 2025₹19.7t₹10.0t₹717.7b31.9x27.5x2x
Mon, 21 Jul 2025₹18.1t₹9.9t₹715.8b30.5x25.4x1.8x
Wed, 18 Jun 2025₹17.8t₹9.9t₹716.5b29.5x24.8x1.8x
Fri, 16 May 2025₹18.1t₹9.9t₹723.9b29.5x25.1x1.8x
Sun, 13 Apr 2025₹15.9t₹9.8t₹807.6b26.9x19.6x1.6x
Tue, 11 Mar 2025₹15.9t₹9.8t₹807.6b26.2x19.7x1.6x
Thu, 06 Feb 2025₹18.2t₹9.7t₹802.3b31.5x22.7x1.9x
Sat, 04 Jan 2025₹18.1t₹9.6t₹813.0b30x22.3x1.9x
Mon, 02 Dec 2024₹17.6t₹9.6t₹813.0b27.9x21.7x1.8x
Wed, 30 Oct 2024₹17.7t₹9.6t₹816.7b27.7x21.6x1.8x
Fri, 27 Sep 2024₹19.8t₹8.8t₹759.1b32.4x26.1x2.2x
Sun, 25 Aug 2024₹18.2t₹8.8t₹759.1b30x24x2.1x
Tue, 23 Jul 2024₹17.0t₹8.6t₹736.6b32.9x23.1x2x
Thu, 20 Jun 2024₹17.1t₹8.6t₹733.5b33.4x23.3x2x
Sat, 18 May 2024₹16.1t₹8.7t₹733.2b32x21.9x1.9x
Mon, 15 Apr 2024₹15.5t₹8.3t₹592.3b32.9x26.2x1.9x
Wed, 13 Mar 2024₹15.0t₹8.3t₹592.3b31.2x25.2x1.8x
Fri, 09 Feb 2024₹13.9t₹8.2t₹586.3b29.6x23.6x1.7x
Sun, 07 Jan 2024₹12.7t₹7.9t₹530.0b29.3x24x1.6x
Tue, 05 Dec 2023₹12.2t₹7.8t₹513.5b32.5x23.9x1.6x
Thu, 02 Nov 2023₹10.8t₹7.5t₹463.6b27.9x23.3x1.4x
Sat, 30 Sep 2023₹11.1t₹7.5t₹462.6b31.2x24x1.5x
Mon, 28 Aug 2023₹10.3t₹7.5t₹462.6b29x22.3x1.4x
Wed, 26 Jul 2023₹10.7t₹7.1t₹343.6b40.5x31x1.5x
Fri, 23 Jun 2023₹10.1t₹7.0t₹342.3b34.6x29.4x1.4x
Sun, 21 May 2023₹9.5t₹7.0t₹338.5b33.5x28.1x1.4x
Tue, 18 Apr 2023₹8.9t₹6.6t₹258.8b26.1x34.3x1.3x
Price to Earnings Ratio

34.3x


Total Market Cap: ₹8.9tTotal 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 31.6x which is higher than its 3-year average PE of 25.6x.
  • 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 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 Market6.90%
Consumer Discretionary8.97%
Auto10.13%
Motorcycle Manufacturers12.39%
Automobile Manufacturers8.45%
Industry PE
  • Investors are most optimistic about the Motorcycle Manufacturers industry which is trading above its 3-year average PE ratio of 36.2x.
    • Analysts are expecting annual earnings growth of 15.4%, 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 22.5x.
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 9.5% 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
MARUTI Maruti Suzuki India₹13.71k8.5%
+₹338.9b		18.2%PE28.9x
BAJAJ-AUTO Bajaj Auto₹9.81k12.0%
+₹294.9b		26.3%PE30.9x
M&M Mahindra & Mahindra₹3.26k8.2%
+₹277.0b		26.3%PE23.1x
532343 TVS Motor₹3.84k13.2%
+₹213.0b		52.8%PE63.2x
505200 Eicher Motors₹7.42k11.6%
+₹212.3b		38.7%PE38x

Latest News

MARUTI
₹13,709.00
Maruti Suzuki India
7D
8.5%
1Y
18.2%
BAJAJ-AUTO
₹9,813.50
Bajaj Auto
7D
12.0%
1Y
26.3%

BAJAJ-AUTO: Electric Three Wheeler Expansion Will Support Balanced Long Term Prospects

Analysts have inched their fair value estimate for Bajaj Auto slightly lower to about ₹10,067 from roughly ₹10,107 as small tweaks to the discount rate, revenue growth assumptions and future P/E expectations offset each other. What's in the News Bajaj Auto launched the Bajaj WEGO P9018, described as India's biggest electric three-wheeler with the largest battery and range in the segment, aimed at urban, semi-urban and rural users (Key Developments).
505200
₹7,421.25
Eicher Motors
7D
11.6%
1Y
38.7%

505200: Trimmed Assumptions Will Support Bullish View Ahead Of Feb 10 Results

Analysts have trimmed their fair value estimate for Eicher Motors slightly, with the target moving from about ₹7,889 to roughly ₹7,879 as small adjustments in discount rate, long term revenue growth, profit margin and future P/E assumptions flow through their models. What's in the News Eicher Motors has scheduled a board meeting on Feb 10, 2026 to consider and approve its unaudited standalone financial results for the quarter and period ended Dec 31, 2025 (company filing).
500182
₹5,468.45
Hero MotoCorp
7D
9.1%
1Y
49.2%

500182: Rising Dividend And Capital Commitments Will Constrain Future Share Returns

Analysts now place Hero MotoCorp's fair value at approximately ₹4,372, up from around ₹4,214, citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E that they view as better aligned with the current outlook for the business. What's in the News The Board approved an interim dividend of ₹110 per equity share with a face value of ₹2 each for the financial year 2025-26, described as 5,500% of the share's nominal value.
532343
₹3,838.65
TVS Motor
7D
13.2%
1Y
52.8%

532343: EV Expansion And Africa Re Entry Will Support Strong Long Term Prospects

Analysts have nudged their TVS Motor price target slightly higher from about ₹3,906 to around ₹3,961, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that are broadly consistent with prior views. What's in the News The Board declared an interim dividend of ₹12 per share on 47,50,87,114 equity shares of ₹1 each, with a record date of 31 March 2026 and payment expected within 30 days of declaration, absorbing about ₹5,700m for FY26 (Board filing).
500570
₹342.55
Tata Motors Passenger Vehicles
7D
13.0%
1Y
-42.4%

500570: Green Hydrogen Rollout And Core Business Focus Will Support Future Performance

Analysts have trimmed their price target for Tata Motors Passenger Vehicles slightly to ₹378 from ₹381.40, citing updated assumptions related to discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Tata Motors Passenger Vehicles has scheduled an Analyst and Investor Day focused on the core passenger vehicle business, which may give you more detail on assumptions behind current earnings and valuation views (Key Developments).
M&M
₹3,259.80
Mahindra & Mahindra
7D
8.2%
1Y
26.3%

M&M: Maharashtra Auto Hub Expansion Will Define Next Phase Of Upside Potential

Analysts have made a very small downward tweak to the price target on Mahindra & Mahindra to around ₹4,312, reflecting slightly adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for May 5, 2026, to review audited standalone and consolidated financial results for the quarter and year ending March 31, 2026, consider a dividend on equity shares, and address matters related to the upcoming Annual General Meeting (Board Meeting).
HYUNDAI
₹1,796.40
Hyundai Motor India
7D
5.0%
1Y
10.2%

SUV Demand, Export Expansion And Capacity Investments Will Support Long Term Upside

Catalysts About Hyundai Motor India Hyundai Motor India manufactures and sells passenger vehicles in India and exports vehicles to multiple emerging markets. What are the underlying business or industry changes driving this perspective?