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LTP
-2.27 (-0.97%)
Volume
35,23,954
Market Cap
₹68,786 Cr
52W Low
₹157.55
52W High
₹245.67
LTP
-24.70 (-3.09%)
Volume
3,70,235
Market Cap
₹2,207 Cr
52W Low
₹325.00
52W High
₹818.40
LTP
116.25 (1.24%)
Volume
70,564
Market Cap
₹2,62,386 Cr
52W Low
₹4,541.00
52W High
₹10,038.80
LTP
61.25 (1.32%)
Volume
82,787
Market Cap
₹1,26,763 Cr
52W Low
₹3,160.00
52W High
₹4,976.00
LTP
0.30 (0.01%)
Volume
36,263
Market Cap
₹45,560 Cr
52W Low
₹2,192.00
52W High
₹4,409.55
LTP
-35.55 (-0.39%)
Volume
15,037
Market Cap
₹12,108 Cr
52W Low
₹2,400.10
52W High
₹10,277.85
LTP
16.95 (0.30%)
Volume
77,766
Market Cap
₹1,11,242 Cr
52W Low
₹2,862.40
52W High
₹5,894.55
LTP
-0.07 (-0.21%)
Volume
2,70,003
Market Cap
₹694 Cr
52W Low
₹12.65
52W High
₹48.60
LTP
15.70 (0.55%)
Volume
4,35,783
Market Cap
₹3,56,514 Cr
52W Low
₹1,415.75
52W High
₹3,013.50
LTP
12.50 (0.10%)
Volume
2,08,550
Market Cap
₹3,78,519 Cr
52W Low
₹9,254.15
52W High
₹13,073.95
LTP
0.73 (1.04%)
Volume
47,303
Market Cap
₹1,234 Cr
52W Low
₹24.05
52W High
₹143.80
LTP
0.00 (0.00%)
Volume
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹0.00
LTP
4.25 (0.24%)
Volume
1,55,129
Market Cap
₹14,802 Cr
52W Low
₹958.15
52W High
₹2,221.95
LTP
7.16 (9.99%)
Volume
54,468
Market Cap
₹688 Cr
52W Low
₹28.70
52W High
₹91.28
LTP
-20.75 (-0.96%)
Volume
9,087
Market Cap
₹3,139 Cr
52W Low
₹991.05
52W High
₹2,480.00
LTP
-5.30 (-0.54%)
Volume
32,36,833
Market Cap
₹3,59,591 Cr
52W Low
₹584.95
52W High
₹1,065.60
LTP
-1.95 (-0.30%)
Volume
1,31,161
Market Cap
₹33,526 Cr
52W Low
₹306.05
52W High
₹712.60
LTP
25.00 (1.07%)
Volume
2,45,155
Market Cap
₹1,11,124 Cr
52W Low
₹1,293.50
52W High
₹2,519.00
LTP
-0.03 (-0.14%)
Volume
9,96,057
Market Cap
₹1,107 Cr
52W Low
₹8.80
52W High
₹41.65
LTP
0.00 (0.00%)
Volume
100
Market Cap
₹2 Cr
52W Low
₹0.00
52W High
₹4.20
LTP
7.45 (0.18%)
Volume
2,380
Market Cap
₹3,594 Cr
52W Low
₹2,810.00
52W High
₹4,392.00
LTP
1.15 (1.94%)
Volume
8,59,477
Market Cap
₹1,547 Cr
52W Low
₹33.21
52W High
₹86.50
LTP
0.00 (0.00%)
Volume
1,55,890
Market Cap
₹0 Cr
52W Low
₹6.80
52W High
₹25.85
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The automobile sector comprises companies that are engaged in the manufacture of motor vehicles and their components, including bodies and engines, but excluding batteries, tires and fuel. The key products of the industry are passenger automobiles, such as two-wheelers and four-wheelers, light trucks, commercial vehicles like delivery trucks, large transport trucks, etc.
The automobile sector plays an important role in macroeconomic expansion and technological advancement in India. In terms of volume, the two-wheeler segment plays a major role in the market due to a rise in the young and middle-class population in the country. In addition to this, companies also show interest in exploring rural markets, which further aids the growth of the sector. Now, looking into the commercial vehicles segment, the increase in logistics and passenger transportation industries is causing demand for these vehicles.
In 2021, the Indian passenger car market reached a value of US$ 32.70 billion, projected to grow at a CAGR of over 9% to reach US$ 54.84 billion by 2027. Simultaneously, the global electric vehicle (EV) market, valued at approximately US$ 250 billion in 2021, is expected to soar to US$ 1,318 billion by 2028. As of July 2023, the total production of vehicles, including passenger, three-wheelers, two-wheelers, and quadricycles, was 2.08 million units. The Indian EV market is anticipated to reach ₹50,000 crore (US$ 7.09 billion) by 2025. By 2030, the Government of India has committed that 30% of the new vehicle sales in the country will be electric. The Automotive Mission Plan 2016-26 is a mutual initiative by the Indian automotive industry and the Government to lay down the roadmap for the development of the industry.
Investing in automobile stocks via Angel One is easy. Simply follow these steps:
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
Automobile sector stocks are stocks of companies that are part of the automobile industry, i.e., the companies that are involved in the manufacturing and sale of cars, motorcycles, and other vehicles.
Based on the market cap, Maruti Suzuki India Ltd (₹3,14,031.58 crore), Tata Motors Ltd (₹2,96,789.33 crore), Bajaj Auto Ltd (₹2,04,253.31 crore) and Mahindra and Mahindra Ltd (₹1,94,942.55 crore) are the top automobile stocks in India. The data is as of January 25, 2024.
To evaluate automobile sector stocks, focus on Key Performance Indicators (KPIs) like Average Downtime, Utilization Rate, Inventory Turns, and EBITDA. These metrics provide insights into operational efficiency, safety practices, production effectiveness, inventory management, and financial performance.
The increase in middle-class income and a huge youth population are creating a strong demand for automobiles. The rise in demand and Government support are driving profits for companies, which can create potential investment opportunities for investors as well.
RACL Geartech Ltd is the best automobile stock in India. The company is into manufacturing gears, shafts and other automotive component parts. As of January 25, 2024, the company’s 5-year CAGR stood at ~79.18%.
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