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Automobile Stocks

India's automobile sector, a key player in the nation's economic growth, encompasses various vehicle types, from two-wheelers to commercial trucks. The industry is driven by rising income levels, urbanization, and demand from both urban and rural markets. With a positive outlook, the passenger car market is projected to grow steadily alongside the booming electric vehicle market. Government initiatives, like the Automotive Mission Plan 2016-26 and the push for electric vehicle adoption, further bolster growth prospects. Before investing, analyse market demand, regulatory changes, technological advancements, and environmental considerations. Top stocks like Maruti Suzuki and Tata Motors offer potential investment opportunities amidst this dynamic landscape. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 237.55

0.76 (0.32%)

Volume

44,81,576

Market Cap

₹69,535 Cr

52W Low

₹154.25

52W High

₹241.50

LTP

₹ 560.2

5.80 (1.05%)

Volume

77,158

Market Cap

₹1,539 Cr

52W Low

₹325.00

52W High

₹693.00

LTP

₹ 9,928.55

5.15 (0.05%)

Volume

1,88,514

Market Cap

₹2,76,995 Cr

52W Low

₹4,541.00

52W High

₹9,975.00

LTP

₹ 4,846.75

45.25 (0.94%)

Volume

1,90,363

Market Cap

₹1,31,557 Cr

52W Low

₹3,160.00

52W High

₹4,908.00

LTP

₹ 4,293

45.35 (1.07%)

Volume

1,75,880

Market Cap

₹46,951 Cr

52W Low

₹2,117.20

52W High

₹4,309.95

LTP

₹ 9,091.05

65.40 (0.72%)

Volume

7,352

Market Cap

₹11,897 Cr

52W Low

₹2,160.10

52W High

₹10,277.85

LTP

₹ 5,823.2

7.20 (0.12%)

Volume

2,56,999

Market Cap

₹1,16,251 Cr

52W Low

₹2,745.05

52W High

₹5,864.75

LTP

₹ 36.1

0.13 (0.36%)

Volume

6,07,492

Market Cap

₹751 Cr

52W Low

₹12.65

52W High

₹48.60

LTP

₹ 2,932

70.30 (2.46%)

Volume

17,84,091

Market Cap

₹3,56,153 Cr

52W Low

₹1,366.00

52W High

₹2,941.35

LTP

₹ 12,870.1

23.25 (0.18%)

Volume

92,511

Market Cap

₹4,03,734 Cr

52W Low

₹9,254.15

52W High

₹13,073.95

LTP

₹ 70.98

1.22 (1.75%)

Volume

83,803

Market Cap

₹1,225 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

₹ 1,758

8.35 (0.48%)

Volume

2,19,867

Market Cap

₹14,365 Cr

52W Low

₹898.20

52W High

₹2,221.95

LTP

₹ 78.8

7.16 (9.99%)

Volume

54,468

Market Cap

₹688 Cr

52W Low

₹28.70

52W High

₹91.28

LTP

₹ 2,120.95

7.85 (0.37%)

Volume

12,082

Market Cap

₹3,060 Cr

52W Low

₹991.05

52W High

₹2,480.00

LTP

₹ 989.4

3.55 (0.36%)

Volume

54,82,904

Market Cap

₹3,61,501 Cr

52W Low

₹557.70

52W High

₹1,065.60

LTP

₹ 665.45

-0.60 (-0.09%)

Volume

11,51,243

Market Cap

₹33,864 Cr

52W Low

₹294.40

52W High

₹712.60

LTP

₹ 2,471.45

29.80 (1.22%)

Volume

3,65,862

Market Cap

₹1,16,017 Cr

52W Low

₹1,289.00

52W High

₹2,487.70

LTP

₹ 22.11

0.08 (0.36%)

Volume

18,77,322

Market Cap

₹1,157 Cr

52W Low

₹8.80

52W High

₹41.65

LTP

₹ 4.2

0.00 (0.00%)

Volume

100

Market Cap

₹2 Cr

52W Low

₹0.00

52W High

₹4.20

LTP

₹ 3,951.9

-86.20 (-2.13%)

Volume

9,246

Market Cap

₹3,483 Cr

52W Low

₹2,716.60

52W High

₹4,196.00

LTP

₹ 66.16

-2.18 (-3.19%)

Volume

21,21,657

Market Cap

₹1,782 Cr

52W Low

₹33.21

52W High

₹86.50

LTP

₹ 11.77

0.00 (0.00%)

Volume

1,55,890

Market Cap

₹0 Cr

52W Low

₹6.80

52W High

₹25.85

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About the Automobile Sector

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.

Future Outlook of the Automobile Sector in India

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.

Things To Consider Before Investing in the Automobile Sector

  • Analyse the market demand: Analyse the current demand and trends in the automobile sector. Understand the demand for different types of vehicles. Consider factors such as consumer preferences, fuel efficiency, and emerging technologies. The market demand will boost sales for the companies, which can eventually generate profits.
  • Regulatory environment: Stay informed about the regulatory landscape governing the automobile industry. Changes in emission standards, safety regulations, and government incentives for electric vehicles can significantly impact the sector.
  • Technology and innovation: Assess the level of technological integration and innovation within companies. Advancements in electric vehicles, autonomous driving, and connectivity can influence a company’s competitiveness.
  • Environmental and social impact: Consider the environmental and social impact of the automobile sector. Increasing awareness of sustainability and corporate responsibility can influence consumer choices and regulatory decisions.

How To Invest in Automobile Stocks?

Investing in automobile stocks via Angel One is easy. Simply follow these steps:

  • Log in to your Angel One account.
  • Click on the search icon and look for your desired automobile stock.
  • Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  • To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are automobile sector stocks?

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.

Which are the top stocks from the automobile sector in terms of market cap?

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.

How to evaluate automobile sector stocks?

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.

Why should you invest in automobile stocks?

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.

Which are the best automobile sector stocks to invest in?

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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