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Top 5 Automobile Stocks in Indian Stock Market

Top 5 Automobile Stocks in Indian Stock Market

The Indian automobile industry has grown from its humble beginnings to emerge as the fifth-largest automobile market in the world by 2020. It is expected that by 2026, India will jump up to the third position.

Automobile stocks in India

Many automobile companies are listed on Indian stock markets and are available for online trading. Let us look at the top five options available.

1) Maruti Suzuki

Maruti Suzuki has been the leading name in the passenger car industry. Having started with the iconic Maruti 800 model, their production facilities have increased tremendously along with the range of models.

Today, Maruti Suzuki caters to all segments of car-lovers. They produce models for the masses and high-end models with all the luxuries. Maruti Suzuki share price has risen significantly in the last few years, and it is considered a fundamentally strong company.

2) Tata Motors

Tata Motors has probably got the most diversified portfolio amongst all the Indian automakers – it has products in passenger cars, compact SUV models, commercial vehicles, sports vehicles, and defense automobiles.

Tata Motors share price has witnessed a turbulent history, but most analysts recommend it as a must-have in investor portfolios.

3) M & M

Mahindra and Mahindra produces an impressive line of passenger cars, commercial vehicles, tractors, and motorcycles. It has also adapted to EV technology and is expected to launch 16 EV models by 2027.

The M & M share price has seen strong traction and is considered a good bet by many analysts.

4) Eicher Motors

Any bike specialist in India would find his experience incomplete until he rides the Royal Enfield. The Bullet and other company models have been part of popular culture for decades. Not only Royal Enfield, but Eicher Motors also has a strong product line in buses, trucks, and tractors.

It has collaborated with various foreign auto companies and is one of the leading companies in its field. Eicher Motors share price has risen strongly along with the company’s fortunes and has given good returns to the investors.

5) Hero MotoCorp

Hero MotoCorp is the largest two-wheeler manufacturer in the world. It is renowned for introducing India to low-cost bikes. A joint venture with Honda enabled the company to produce resilient and fuel-efficient bikes.

Since going solo, Hero MoroCorp has launched several popular models and enjoys a strong patronage. Hero MotoCorp share price has given fantastic returns to its investors and is expected to perform well in the coming years as well.

Final takeaways

Right from passenger cars to commercial vehicles and from three-wheelers to two-Wheelers, the Indian auto industry has created many products. India produces vehicles of different brands, models, sizes, and shapes extensively. Many of the vehicles are also exported to various countries across the globe.

As we advance, one should weigh the pros and cons of the industry. Before investing in a company, it is suggested to conduct a detailed technical analysis and financial assessment of the organization.

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