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Indian (NIFTY) Auto Industry Analysis

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies19
  • 7D-1.5%
  • 3M-5.9%
  • 1Y12.0%
  • YTD15.4%

Over the last 7 days, the Auto industry has dropped 1.5%, driven by a pullback from Hyundai Motor India of 5.0%. Over the past 12 months, the industry was up 12%. 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
Tue, 09 Dec 2025₹20.2t₹10.1t₹643.1b32.3x31.4x2x
Thu, 06 Nov 2025₹19.9t₹10.1t₹729.7b34x27.2x2x
Sat, 04 Oct 2025₹21.1t₹10.0t₹717.7b35.4x29.4x2.1x
Mon, 01 Sep 2025₹19.8t₹10.0t₹717.7b32x27.6x2x
Wed, 30 Jul 2025₹18.1t₹9.9t₹715.8b30.3x25.2x1.8x
Fri, 27 Jun 2025₹18.3t₹9.9t₹716.5b31.4x25.6x1.9x
Sun, 25 May 2025₹17.9t₹9.9t₹723.1b31.8x24.8x1.8x
Tue, 22 Apr 2025₹16.7t₹9.8t₹807.6b28x20.7x1.7x
Thu, 20 Mar 2025₹16.2t₹9.8t₹807.6b26.9x20.1x1.7x
Sat, 15 Feb 2025₹17.1t₹9.8t₹807.6b28.2x21.2x1.8x
Mon, 13 Jan 2025₹17.5t₹9.6t₹813.0b29.1x21.6x1.8x
Wed, 11 Dec 2024₹17.8t₹9.6t₹813.0b28.8x21.9x1.9x
Fri, 08 Nov 2024₹17.9t₹9.6t₹809.8b29.2x22.1x1.9x
Sun, 06 Oct 2024₹18.6t₹8.8t₹759.1b30.7x24.5x2.1x
Tue, 03 Sep 2024₹18.9t₹8.8t₹759.1b30.1x24.9x2.1x
Thu, 01 Aug 2024₹18.0t₹8.6t₹736.6b32.2x24.5x2.1x
Sat, 29 Jun 2024₹16.8t₹8.6t₹733.5b32x22.9x2x
Mon, 27 May 2024₹16.5t₹8.6t₹733.5b32.4x22.4x1.9x
Wed, 24 Apr 2024₹15.5t₹8.3t₹595.4b32.9x26.1x1.9x
Fri, 22 Mar 2024₹14.8t₹8.3t₹592.3b32.1x25x1.8x
Sun, 18 Feb 2024₹14.5t₹8.3t₹592.3b30.6x24.5x1.8x
Tue, 16 Jan 2024₹13.0t₹7.9t₹530.0b29.8x24.5x1.6x
Thu, 14 Dec 2023₹12.3t₹7.8t₹513.5b31.6x24x1.6x
Sat, 11 Nov 2023₹11.2t₹7.8t₹514.0b31.2x21.7x1.4x
Mon, 09 Oct 2023₹10.8t₹7.5t₹460.6b29.3x23.5x1.4x
Wed, 06 Sep 2023₹10.8t₹7.5t₹462.6b30.4x23.2x1.4x
Fri, 04 Aug 2023₹10.4t₹7.4t₹445.4b32.2x23.3x1.4x
Sun, 02 Jul 2023₹10.3t₹7.0t₹342.3b41.7x30.1x1.5x
Tue, 30 May 2023₹9.7t₹7.0t₹342.5b34.6x28.5x1.4x
Thu, 27 Apr 2023₹8.9t₹6.6t₹260.6b27.8x34x1.3x
Sat, 25 Mar 2023₹8.2t₹6.6t₹258.8b24.2x31.6x1.2x
Mon, 20 Feb 2023₹8.8t₹6.6t₹258.8b26.6x34.1x1.3x
Wed, 18 Jan 2023₹8.5t₹6.2t₹173.2b27.1x49.1x1.4x
Fri, 16 Dec 2022₹8.6t₹6.2t₹173.2b28.5x49.5x1.4x
Price to Earnings Ratio

49.5x


Total Market Cap: ₹8.6tTotal Earnings: ₹173.2bTotal Revenue: ₹6.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Industry Price to Earnings3Y Average 26.4x202320242025
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 31.4x which is higher than its 3-year average PE of 26.4x.
  • The 3-year average PS ratio of 1.7x 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 55% per year over the last three years.
  • Revenues for these companies have grown 18% 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-2.27%
Consumer Discretionary-2.82%
Auto-1.47%
Motorcycle Manufacturers-1.35%
Automobile Manufacturers-1.56%
Industry PE
  • Investors are most optimistic about the Motorcycle Manufacturers industry which is trading above its 3-year average PE ratio of 34.3x.
    • Analysts are expecting annual earnings growth of 15.0%, which is lower than the prior year's growth of 27.2% per year.
  • Investors are most pessimistic about the Automobile Manufacturers industry, which is trading close to its 3-year average of 26.9x.
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 27% 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₹7.12k0.1%
+₹2.5b		48.0%PE38.3x

Latest News

BAJAJ-AUTO
₹8,961.00
Bajaj Auto
7D
-1.4%
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
₹3,614.30
TVS Motor
7D
-1.5%
1Y
43.5%

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
₹6,000.30
Hero MotoCorp
7D
-4.3%
1Y
30.8%

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
₹34.74
Ola Electric Mobility
7D
-13.2%
1Y
-63.3%

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
₹7,123.55
Eicher Motors
7D
0.1%
1Y
48.0%

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.
MARUTI
₹16,020.00
Maruti Suzuki India
7D
-1.3%
1Y
43.1%

MARUTI: New Dealerships And Product Launches Will Offset Margins And Rate Concerns

Analysts have raised their price target for Maruti Suzuki India from ₹17,117 to ₹17,584, reflecting moderate improvements in revenue growth expectations and profit margin forecasts. What's in the News A board meeting is scheduled for October 31, 2025 to consider and approve unaudited financial results for the quarter ended September 30, 2025, and to review the Limited Review Report (Key Developments) The SUV VICTORIS has been launched, featuring advanced technology, safety features, multiple powertrain options, and a segment-first underbody CNG tank.
M&M
₹3,635.90
Mahindra & Mahindra
7D
-2.2%
1Y
18.6%

M&M: Future Partnerships And Board Moves Will Drive Upside Potential

Analysts have raised their price target for Mahindra & Mahindra from ₹3,994 to ₹4,132. The revision is attributed to slightly improved expectations for revenue growth and valuation multiples.
500570
₹344.65
Tata Motors Passenger Vehicles
7D
-4.7%
1Y
-56.9%
HYUNDAI
₹2,282.00
Hyundai Motor India
7D
-4.2%
1Y
24.5%

Hyundai Motor India (NSE:HYUNDAI) Knows How To Allocate Capital Effectively

Nov 01
Hyundai Motor India (NSE:HYUNDAI) Knows How To Allocate Capital Effectively