India’s biggest automakers

Jan 31, 2024 Credit: Unsplash

Tata Motors

Tata Motors has emerged as the biggest automaker in terms of valuation in India with a combined market cap of ₹3.24 lakh crore. This is the first time in seven years that the company has reached the top spot. Credit: Tata Motors

Robust sales, surge in profits result in rally

The shares of Tata Motors have rallied over the past few days amid robust sales by its luxury vehicles arm Jaguar Land Rover. The company recently also announced a price hike from February 1, 2024. Credit: Tata Motors

While Tata Motors has taken the top spot, we look at some of India’s largest automakers. Credit: Unsplash

Maruti Suzuki

Maruti Suzuki is in the second spot with a market cap of ₹3.20 lakh crore. While the company has dropped to the second spot, it continues to lead the market in terms of sales, occupying over 50 percent market share. Credit: BCCL

Bajaj Auto

Indian two-wheeler and three-wheeler maker Bajaj Auto is next on the list with a market cap of ₹2.17 lakh crore. The company’s shares have provided a return of 101 percent in the last one year. Credit: Bajaj Auto

Mahindra & Mahindra

Popular automaker Mahindra and Mahindra is next on the list with a market cap of ₹2.06 lakh crore. The company’s shares have provided a return of 20 percent in the last one year. Credit: Mahindra and Mahindra

Eicher Motors

Eicher Motors, which manufactures motorcycles and commercial vehicles is next on the list with a market cap of ₹1.05 lakh crore. The company has provided a return of nearly 18 percent since last year. Credit: Royal Enfield

TVS Motor

Two-wheeler maker TVS Motor is India’s sixth biggest automaker and has a market cap of ₹95,008 crore. The company’s share price has increased by 92 percent in the last one year. Credit: TVS Motor

Hero MotoCorp

Hero MotoCorp, India’s biggest two-wheeler maker is next on the list with a market cap of ₹92,386 crore. The company’s share price has increased by 67 percent in the last one year. Credit: Hero MotoCorp