Jan 31, 2024
By: Sourabh JainTata 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
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.
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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
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
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, 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
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, 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