Top 10 auto stocks to buy in India [2021]

We present you with India’s 10 best auto stocks to buy.

The automobile sector covers about 50% of the manufacturing GDP in India, 26% of the GDP (Gross Domestic Product) and 7.1% of overall GDP. It controls a lot of other sectors such as steel, iron, rubber, oil, glass, etc. The automotive sector keeps an account for about 15 per cent of the country’s total tax collections and employs 3.2 crore people, directly and indirectly. This tells us that how the automobile sector is important for the health of the economy. Now, will let you know India’s 10 best auto stocks to buy.

1. Maruti Suzuki Ltd

This company was established in 1981. The Government of India and Suzuki Motor Corporation (SMC), Japan signed a joint venture agreement in 1982. The company is the market leader in the passenger vehicle segment. SMC currently holds 56.28% of its equity stake. The main agendas of this company are manufacturing, purchase and sale of motor vehicles, components and spare parts. Its market capitalization is Rs 2,04,331 crores, stock P/E is 46.6% and total debt is Rs 538 crores. Their stock price is up by 7% since last month and 25% since last year.

2. Tata Motors Ltd

This group is a leading global automobile manufacturer. It offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses, and defence vehicles to the world. Tata Motors operates in India, the Uk, South Korea, South Africa, China, Brazil, Austria, and Slovakia through a strong global network of subsidiaries, associates companies and Joint Ventures (JVs), including Jaguar Land Rover in the Uk and Tata Daewoo in South Korea. The company’s market capitalization is 1,11,637 crores. The stock P/E of this company is 0%. The revenue of Tata Motors is Rs 2,19,682 crores with total debt of about Rs 1,15,374 crores. Their stock price is up by 5% since last month and 267% since last year.

3. Hero MotoCorp Ltd

This company was earlier known as Hero Honda. It is one of the first motorcycle manufacturers. The company was started in 1984 as a technological collaboration with Honda, Japan. In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. After the termination of JV, the name of the company was changed to Hero MotoCorp. Their market capitalization is Rs 56,756 crores, stock P/E is 19.4% with a revenue of Rs 25,850 crores. The company’s total debt is 572 crores. The stock price of this company is up by 3% since last month and 27% up since last year.

4. TVS Motor Company Ltd

This company is engaged in the business of manufacturing two-wheelers, three-wheelers, parts and accessories thereof. Their market capitalization is Rs 29,062 crores, stock P/E is 80.6% along with revenue of 16,065 crores. The total debt of this company is Rs 9,598 crores. Its stock price is down by -4% since last month and 85% up since last year.

5. Bajaj Auto Ltd

This company is a two-wheeler and three-wheeler manufacturing company that exports to 70+ countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India. It has acquired 48% of the KTM brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM. Their market capitalization is Rs 1,11,936 crores, the stock P/E is 23% along with revenue of Rs 24,691 crores. The total debt of this company is Rs 121 crores. The stock price of this company is up by 8% since the last month and 55% since last year.

6.  Eicher Motors Ltd

This company came into force in 1982. It is a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. The company has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commerical Vehicles Limited (VECV). VECV is filled in truck and bus operations, auto components business, and technical consulting services business. Their market capitalization is Rs 66,898 crores, the stock P/E is 59.5% along the revenue is Rs 7,531 crores. The total debt of this company is Rs 255 crores. The stock price of this company is up by 5% since last month and down by 0% since last year.

7. Ashok Leyland Ltd

This company has a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. It has a presence in 50 countries while it is one of the most fully integrated manufacturing companies. Ashok Leyland Ltd has trained over 8,00,000 drivers since its inception. Their market capitalization is Rs 34,052 crores, the stock P/E is 0% along with the revenue of Rs 15,635 crores. The total debt of this company is Rs 16,737 crores. The stock price of this company is up by 7% since last month and 194% since last year.

8. Mahindra & Mahindra Ltd (M&M)

This company is Indian-based mobility products and farm solutions, provider. It operates Automotive, Farm Equipment, Financial Services, Real Estate, Hospitality and others. Their market capitalization is Rs 97,057 crores, the stock P/E is 241 along with the revenue of Rs 85,090 crores. the total debt of this company is Rs 70,369 crores. The stock price of this company is up by 9% since last month and 94% up since last year.

9. Escorts Ltd

This company is set in the business of manufacturing agricultural tractors, engines for agricultural tractors, construction, earthmoving and material handling equipment, round and flat tubes, heating elements, double-acting hydraulic shock absorbers for railways coaches, centre buffer couplers, automobile shock absorbers and all type of brake used by railways. Their market capitalization is Rs 15,945 crores, the stock P/E is 21.7% along with the revenue of Rs 5,779 crores. The total debt of this company is Rs 60 crores. The stock price of this company is up by 2% since last month and 29% up since last year.

10. VST Trillers & Tractors Ltd

This company came into force in 1967. It is a well-known century-old business house in South India. The company was promoted by VST motors as a joint venture in 1966 with Mitsubishi heavy industries Ltd, Japan. VST Trillers holds 51% of the equity in the listed company that has recorded consistent growth. their market capitalization is Rs 1,568 crores, the stock P/E is 21.1%. Their earnings are Rs 53 crores with no total debt. The stock price of this company is up by 3% since last month and 109% up since last year.

 

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