What are the popular automobiles in India?
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Automobile names like BAJAJ Auto, Mahindra & Mahindra, TATA Motors, Maruti Suzuki and TVS are popular in India.
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The automobile industry in India offers a wide range of securities for investors to explore and diversify their portfolios. The industry is proliferating and currently stands at 3rd position in the global automobile industry. Additionally, the industry was valued at US $108.10 Billion in 2022 reflecting the vast market size.
In this article, we will talk about the growing opportunities for investors in the industry and automobile stocks list that are worth exploring.
Automobile stocks are securities or shares offering an opportunity for investors to enter the market of designing, manufacturing and distributing automobiles across the globe. These stocks are worth exploring for their versatile nature and an ever-expanding market.
To give you an example- If you decide to put your money in TATA Motors or BAJAJ Auto, you are investing in automobile stocks. These companies are involved in manufacturing, designing and distributing automobiles and related products in India.
Now that you have a fundamental understanding of automobile stocks, let’s proceed with factors that you must keep in mind when you put your money in top automobile stocks:
Gauge the Market Condition
The demand for automobiles is greatly impacted by the market conditions and if you are to put your money, better gauge the market conditions through current charts and the latest news of the industry.
Analyse Customer’s Preferences
The automobile industry thrives on the customer’s demand making it crucial for investors to analyse the customer’s preferences. For instance- The demand for fuel-efficient or environmentally friendly vehicles is making news all across the country, so investing in companies that operate in these areas can be a smart choice.
Evaluate the Financial Stability
Automobile companies that might appear flashy on the streets might have crumbling financial figures. Make sure to read the company’s sales figures, cash flow and debt.
Potential for Growth and Competitiveness
Evaluating the company’s brand value, market share and industry position can help you predict potential for growth and competitiveness.
Here’s a list and overview of some of the top automobile stocks in India that have been showing promising figures making them worth exploring:
Maruti Suzuki
Since 1981, Maruti Suzuki India has been one of the most promising automobile companies. They have over 16 cars with more than 150 variants. Their manufacturing plant can produce around 1.5 million units every year.
TATA Motors
Investing in TATA Motors stocks provides an opportunity for diversification as they deal in two major segments of the automobile industry:
Manufacturing, designing, assembling, financing and distribution.
IT services, machines and tools.
BAJAJ Auto
BAJAJ Auto is a leading name that manufactures two and four-wheeler vehicles in India. Additionally, they have three subsidiaries abroad namely Bajaj Auto International Holdings BV, PT Bajaj Indonesia and Bajaj Auto (Thailand) Ltd. The company has introduced cutting-edge technology like never done before and it reflects in their line of vehicles.
Mahindra & Mahindra
Investing in Mahindra & Mahindra stocks is equivalent to putting money into innovation and technology. They produce a wide range of vehicles including four-wheelers, LCVs and MUVs. Additionally, with a global presence, the company opens up an international window for investors.
Eicher Motors
As an investor, you probably already know that the market for two-wheelers is ever-expanding and Eicher Motors is undoubtedly a pioneer in the field. They have introduced simple yet engaging and comfortable vehicles. Interestingly, Eicher Motors also has a joint venture with VOLVO AB, Sweden that emphasises modernisation and futuristic vehicles.
Investing in automobile stocks is similar to any investment made in the Indian stock market. All you need is a Demat Account and Trading account with a reliable platform like Bajaj Trading and you are set to invest.
While putting your money in top automobile stocks, make sure to evaluate the company’s position and growth potential. You can rely on the automobile stock list to get an overview of the options.
Before you leave, remember that while automobile stocks provide enticing opportunities they are not free from risks associated with the Indian stock market. As an investor, performing due diligence holds importance that you do not want to ignore.
To enter the automobile industry as an investor, make sure to choose a reliable trading platform to get daily insights and news updates on market trends.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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Automobile names like BAJAJ Auto, Mahindra & Mahindra, TATA Motors, Maruti Suzuki and TVS are popular in India.
Investing in the automobile sector in India requires you to open a Demat Account and Trading account with a Depository Participant. Once you have a trading account, you can begin investing in automobile stocks.
Yes. The Indian automobile industry has been introducing cutting-edge technology and futurist designs in their vehicles providing a promising opportunity for investors.
The growth in India’s GDP, as experts believe, is the main reason for the rise in automobile stocks in India. The Q3 FY24 GDP stands at 8.4% reflecting the increasing purchasing power of the country.
Yes, several automobile companies give dividends to their investors.
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