The Indian auto industry is amongst the largest in the world accounting for about 7.1 per cent of the country's Gross Domestic Product (GDP) The industry’s rapid growth can be seen from indicators such as the arrival of international brands in India and the financial gains being registered auto companies. The latest share market news showcases positive trends. Maruti Suzuki has reported that it was on course to achieve India sales of 2 million units earlier than the targeted timeline of 2020 on the other hand Hyundai is expected to hit the million mark by 2020-2021.The top gainers in the Automobiles sector, in the recent times were Tata Motors and Eicher Motors. On the other hand Escorts and M&M have been the top losers. We bring you a list of top 5 auto companies which are worth investing in.
1. Maruti Suzuki India
Current Maruti share price - Rs 9011
Maruti is arguably the top automobile manufacturer in India and has in the recent times launched successful vehicles like Vitara Brezza, Baleno and Alto K10. One of the most reputed and reliable automobile companies in India have had the distinction of having a reliable stock in the past few decades.
Current Mahindra Share Price - Rs 758
Mahindra and Mahindra is a hot favourite among the investors with the auto major having showcases sturdy stock returns. The homegrown auto company is the largest utility vehicle manufacturer in India and has made its name in the SUV market category with brands like Scorpio, XUV500 and KUV100.
Current Tata Motors Share Price - Rs 354
Tata has been a name synonymous with reliability. It needs no introduction. Amongst the most reputed business house in India, Tata Motors is amongst the blue chip funds of India. The stock news foretells a bright future for the company. Its focus on ‘smart mobility’ is expected to drive its future growth.
Current Eicher Share Price - Rs 28900
Analysts predict that icher Motors Limited is expected to register noticeable earnings growth of more than 30% in the current year. Market data suggests that there has been an expansion in Eicher Motors’s margin over the past five years. The stock has given great returns to investors amounting to around 11,000 percent returns in the last decade. This is the highest among India’s top 100 companies. Though in the recent times there were concerns regarding its growth stagnating on its inability to meet demand the recent announcement of increase of capacity has helped create positive market sentiment.
Current ISML Isuzu Share Price : 1641
After its association with CV maker Isuzu (a Japanese company) in 2006, the erstwhile Swaraj Mazda, now renamed SML Isuzu, is bolstering its presence in the medium & heavy commercial vehicle segment (M&HCV). As per market trends the future prospects of the M&HCV segment are perceived to be bright. Isuzu has benefitted from focusing energy as well as infrastructure on R&D.blog comments powered by Disqus