Historically, the Indian automobile industry has been a good indicator of the economy’s performance, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement. The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 23,58,041 units in April 2024.
The Indian passenger car market was valued at US$32.70 billion in 2021, and it is expected to reach a value of US$54.84 billion by 2027 while registering a CAGR of over 9% between 2022 and 27. The global EV market was estimated at approximately US$250 billion in 2021, and by 2028, it is projected to grow by five times to US$1,318 billion. In this blog, we will explore the best automobile stocks in September 2024 based on 5Y CAGR.
Company Name | Market Cap (In ₹ Crore) | Net Margin (%) | 5Y CAGR (%) |
Tata Motors Ltd | 3,54,119.46 | 7.06 | 51.20 |
TVS Motor Company Ltd | 1,32,299.88 | 4.30 | 49.42 |
Mahindra and Mahindra Ltd | 3,36,486.49 | 7.91 | 39.74 |
Bajaj Auto Ltd | 3,28,536.80 | 16.55 | 33.47 |
Maharashtra Scooters Ltd | 13,561.31 | 89.16 | 24.04 |
Note: The above-mentioned automobile stocks are from the auto sector with a market capitalisation of over ₹10,000 Crore and sorted based on 5Y CAGR as of September 19, 2024.
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Investing in automobile stocks can be an interesting opportunity, as the sector has an optimistic outlook. However, it comes with its own set of risks and rewards.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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