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Indian (NIFTY) Auto Industry Analysis

UpdatedAug 12, 2026
DataAggregated Company Financials
Companies19
  • 7D0.7%
  • 3M13.7%
  • 1Y13.4%
  • YTD0.2%

Over the last 7 days, the Auto industry has remained flat, although notably Ather Energy gained 6.7%. As for the the longer term, the industry is up 13% over the past 12 months. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026₹20.8t₹10.4t₹605.1b29.1x34.4x2x
Sat, 11 Jul 2026₹19.0t₹9.9t₹583.5b29.7x32.5x1.9x
Mon, 08 Jun 2026₹18.6t₹9.9t₹583.5b28x31.8x1.9x
Wed, 06 May 2026₹18.6t₹10.3t₹597.7b28.8x31.1x1.8x
Fri, 03 Apr 2026₹17.2t₹10.2t₹598.9b26.6x28.7x1.7x
Sun, 01 Mar 2026₹20.0t₹10.2t₹598.9b31.3x33.4x2x
Tue, 27 Jan 2026₹19.6t₹10.1t₹643.2b27.8x30.5x1.9x
Thu, 25 Dec 2025₹20.4t₹10.1t₹643.1b32.8x31.8x2x
Sat, 22 Nov 2025₹20.2t₹10.1t₹643.1b33.2x31.4x2x
Mon, 20 Oct 2025₹20.5t₹10.0t₹717.8b34.5x28.6x2.1x
Wed, 17 Sep 2025₹21.3t₹10.0t₹717.7b33.7x29.7x2.1x
Fri, 15 Aug 2025₹18.6t₹10.0t₹717.6b30.2x25.9x1.9x
Sun, 13 Jul 2025₹17.9t₹9.9t₹716.6b30.3x24.9x1.8x
Tue, 10 Jun 2025₹18.1t₹9.9t₹716.5b29.7x25.2x1.8x
Thu, 08 May 2025₹17.4t₹9.9t₹814.9b28.2x21.4x1.8x
Sat, 05 Apr 2025₹15.9t₹9.8t₹807.6b26.7x19.6x1.6x
Mon, 03 Mar 2025₹15.9t₹9.8t₹807.6b27.6x19.7x1.6x
Wed, 29 Jan 2025₹17.0t₹9.6t₹813.0b29.5x20.9x1.8x
Fri, 27 Dec 2024₹17.2t₹9.6t₹813.0b28x21.1x1.8x
Sun, 24 Nov 2024₹17.7t₹9.6t₹813.0b28.3x21.8x1.8x
Tue, 22 Oct 2024₹19.1t₹9.6t₹815.0b30.3x23.4x2x
Thu, 19 Sep 2024₹18.6t₹8.8t₹759.1b30.5x24.5x2.1x
Sat, 17 Aug 2024₹18.0t₹8.8t₹759.1b30.1x23.8x2x
Mon, 15 Jul 2024₹17.0t₹8.6t₹733.5b33.3x23.2x2x
Wed, 12 Jun 2024₹17.1t₹8.6t₹733.5b32.6x23.3x2x
Fri, 10 May 2024₹15.9t₹8.4t₹610.4b32.3x26x1.9x
Sun, 07 Apr 2024₹15.4t₹8.3t₹592.3b33x26x1.9x
Tue, 05 Mar 2024₹14.8t₹8.3t₹592.3b30.7x25x1.8x
Thu, 01 Feb 2024₹13.4t₹8.0t₹537.4b29.3x25x1.7x
Sat, 30 Dec 2023₹12.9t₹7.9t₹530.0b30.1x24.4x1.6x
Mon, 27 Nov 2023₹11.7t₹7.8t₹513.5b31.1x22.8x1.5x
Wed, 25 Oct 2023₹11.2t₹7.5t₹463.6b29.2x24.1x1.5x
Fri, 22 Sep 2023₹11.0t₹7.5t₹462.6b30.6x23.7x1.5x
Sun, 20 Aug 2023₹10.4t₹7.5t₹462.6b29x22.4x1.4x
Price to Earnings Ratio

22.4x


Total Market Cap: ₹10.4tTotal Earnings: ₹462.6bTotal Revenue: ₹7.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Industry Price to Earnings3Y Average 25.8x202420252026
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 34.4x which is higher than its 3-year average PE of 25.8x.
  • 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 9.4% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market0.30%
Consumer Discretionary1.36%
Auto0.69%
Motorcycle Manufacturers1.85%
Automobile Manufacturers-0.25%
Industry PE
  • Investors are most optimistic about the Motorcycle Manufacturers industry, which is trading close to its 3-year average PE ratio of 37.4x.
    • Analysts are expecting annual earnings growth of 16.5%, 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 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Automobile Manufacturers industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 5.8% per year.
  • In contrast, the Motorcycle Manufacturers industry is expected to see its earnings grow by 16% 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
ATHERENERG Ather Energy₹1.57k6.7%
+₹38.9b		280.6%PS14.6x
500182 Hero MotoCorp₹5.83k3.0%
+₹33.6b		22.2%PE21.4x
HYUNDAI Hyundai Motor India₹2.24k1.0%
+₹17.5b		-0.3%PE36.8x
505200 Eicher Motors₹8.02k0.4%
+₹8.0b		40.4%PE38.1x
544563 Zelio E-Mobility₹753.806.1%
+₹911.6m		n/aPE56.2x

Latest News

OLAELEC
₹39.86
Ola Electric Mobility
7D
-3.8%
1Y
-1.6%
Analysis Article • Aug 11

Ola Electric Mobility Limited (NSE:OLAELEC) Analysts Are Cutting Their Estimates: Here's What You Need To Know

As you might know, Ola Electric Mobility Limited ( NSE:OLAELEC ) recently reported its quarterly numbers. Revenues of...
531795
₹504.15
Atul Auto
7D
-13.3%
1Y
17.8%
500500
₹15.07
Hindustan Motors
7D
-3.9%
1Y
-35.0%
500182
₹5,828.00
Hero MotoCorp
7D
3.0%
1Y
22.2%
Narrative Update • Aug 07

500182: Higher Future P/E Will Likely Cap Long Term Share Returns

Analysts have lifted their price target on Hero MotoCorp from ₹4,433.93 to ₹4,700.00, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that slightly adjust the valuation framework. What's in the News for Hero MotoCorp Hero MotoCorp expanded its VIDA electric scooter lineup with the VIDA EVOOTER VX2 Go FB 3.1 kWh variant featuring direct plug charging and an IDC certified range of 128 km.
HYUNDAI
₹2,240.00
Hyundai Motor India
7D
1.0%
1Y
-0.3%
Narrative Update • Aug 07

HYUNDAI: Upcoming Quarterly Results And Margin Outlook May Support Re-Rating

Analysts have raised the price target for Hyundai Motor India from ₹2,475 to ₹2,530, citing updated assumptions for revenue growth, profit margins, a slightly lower discount rate, and a modest reduction in the future P/E multiple. What's in the News Hyundai Motor India has scheduled a board meeting for Jul 30, 2026.
505200
₹8,018.00
Eicher Motors
7D
0.4%
1Y
40.4%
Narrative Update • Aug 06

505200: Joint Financing Venture And New Capacity Will Shape Balanced Outlook

Analysts have lifted their price target for Eicher Motors from about ₹7,863 to roughly ₹8,358, citing updated assumptions on fair value along with modest adjustments to discount rates, revenue growth and profit margin estimates, as well as a slightly lower future P/E multiple. What's in the News Eicher Motors has a board meeting scheduled on May 21, 2026 to consider an investment of up to ₹750 crore for a 50% equity stake in Volvo Financial Services India, subject to Reserve Bank of India approval.
532343
₹4,342.75
TVS Motor
7D
-1.7%
1Y
43.8%
Narrative Update • Aug 05

532343: Elevated P/E Versus Modest Margin Outlook Will Likely Restrain Returns

Analysts have nudged their price target for TVS Motor higher from about ₹3,018 to roughly ₹3,083, citing updated assumptions for slightly stronger revenue growth, modestly improved profit margins, a marginally higher future P/E multiple, and a small adjustment to the discount rate. What's in the News for TVS Motor TVS Motor expanded its Marvel collaboration by adding a Doctor Doom inspired TVS Raider Super Squad Edition with a new spectral green multi tone finish, targeting younger riders through cinema based launches in India.
ATHERENERG
₹1,569.40
Ather Energy
7D
6.7%
1Y
280.6%
MARUTI
₹13,875.00
Maruti Suzuki India
7D
-2.2%
1Y
8.1%
500570
₹342.30
Tata Motors Passenger Vehicles
7D
-1.4%
1Y
-48.4%
Narrative Update • Jul 26

500570: Dividend Momentum And Price Hikes Will Support Future Performance

Analysts have trimmed their price target for Tata Motors Passenger Vehicles slightly from ₹378.00 to about ₹370.27, as updated assumptions reflect a different balance of revenue growth, profit margins and future P/E expectations. What's in the News Tata Motors Passenger Vehicles has scheduled a board meeting on May 14, 2026 to consider and approve audited standalone and consolidated financial results for the fourth quarter and full year ended March 31, 2026, and to recommend a dividend and a share-based long-term incentive scheme, subject to shareholder and regulatory approvals.
BAJAJ-AUTO
₹11,700.00
Bajaj Auto
7D
-0.8%
1Y
41.8%
Narrative Update • Jul 22

BAJAJ-AUTO: Buyback Completion And Governance Changes Will Support Balanced Long Term Outlook

Analysts have nudged their fair value estimate for Bajaj Auto higher from ₹10,842.61 to ₹11,352.60, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. What’s in the News for Bajaj Auto Bajaj Auto completed a share buyback program, repurchasing 4,694,000 shares, representing 1.68% of its share capital, for ₹56,328 million under the buyback announced on May 6, 2026.
544563
₹753.80
Zelio E-Mobility
7D
6.1%
1Y
n/a
VICTORYEV
₹16.90
Victory Electric Vehicles International
7D
2.1%
1Y
n/a
M&M
₹3,403.60
Mahindra & Mahindra
7D
-1.5%
1Y
3.7%
544428
₹38.33
Supertech EV
7D
7.6%
1Y
-24.1%
TUNWAL
₹26.30
Tunwal E-Motors
7D
0.8%
1Y
-6.1%