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Explore India’s auto manufacturing and ancillaries sector, a key contributor to growth and exports in the stock market.
Explore some of the leading listed companies in this space:
| Company Name | LTP (₹) | Market Cap (₹ Cr) |
|---|---|---|
Maruti Suzuki |
11,050 |
3,30,000 |
Tata Motors |
975 |
3,25,000 |
Mahindra & Mahindra |
2,560 |
3,10,000 |
Bajaj Auto |
7,650 |
2,25,000 |
Hero MotoCorp |
4,250 |
85,000 |
Bosch Ltd |
26,800 |
78,000 |
Motherson Sumi |
120 |
80,000 |
Note: Prices and market caps are indicative and subject to market movement.
These include publicly traded companies in two categories:
Automobile manufacturers – Producers of cars, bikes, trucks, buses, and electric vehicles (EVs).
Ancillary units – Companies that supply essential components such as engines, tires, batteries, electronics, and more.
Together, they form the backbone of India’s automotive industry and supply chains.
The automobile and ancillaries sector includes companies involved in manufacturing vehicles (2-wheelers, 4-wheelers, commercial vehicles, electric vehicles) as well as those supplying key components like batteries, engines, and braking systems. Investors generally follow a standardised approach to evaluate and track companies in this segment.
Investors typically open a demat and trading account with a SEBI-registered intermediary, completing KYC and linking a bank account to enable electronic transactions.
Log in to the broker’s trading platform or mobile application. Search for listed companies operating in the automobile sector, including both Original Equipment Manufacturers (OEMs) and component suppliers. Filters like market capitalisation, product segment (2W, 4W, EV), global presence, and export contribution can be useful when reviewing available stocks.
Once a company is selected, investors typically specify the number of shares to trade and choose between a market order, executed at the prevailing price, or a limit order, executed at a specified price. The transaction is then processed through the trading platform.
Diversified exposure to this sector is also available through mutual funds or exchange-traded funds (ETFs). These instruments may include:
Auto-themed funds that focus on OEMs and auto part suppliers
EV-focused ETFs that track companies involved in electric mobility
Consumption-oriented mutual funds that may include automobile companies as part of their broader holdings
These can typically be accessed through registered mutual fund distributors or digital investment platforms.
Keep track of updates related to automobile sales, EV adoption trends, government policies on mobility and emissions, input costs like steel or lithium, and quarterly earnings. These factors can impact the performance of both OEMs and ancillary businesses in the sector.
The automobile and ancillaries sector is a critical component of India’s manufacturing economy. With trends such as EV adoption, export growth, and demand recovery, it continues to be closely tracked by analysts and market participants for insights into industrial growth.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Key drivers include fuel prices, demand trends (rural vs urban), EV adoption, export opportunities, raw material costs, and government policies like PLI schemes.
Yes. Several mutual funds with themes like consumption, manufacturing, or electric vehicles offer indirect exposure. ETFs like Nifty Auto also include key auto stocks.
Auto stocks are cyclical, influenced by economic growth, consumer sentiment, and interest rates. Ancillary stocks often mirror OEM trends but can show resilience due to diversified supply chains.
Major players like Maruti Suzuki and Bosch have consistent dividend payout histories, while others may prioritise reinvestment depending on expansion plans.
Look at sales volumes, margin trends, product mix (EVs vs ICE), capacity utilisation, global presence, and dependency on OEMs. Ancillary companies with exports usually offer more resilience.
It refers to companies listed on stock exchanges that manufacture vehicles or supply critical components like engines, tires, seats, and electronics essential to vehicle production.
Ancillary stocks are shares of companies that supply parts and services to vehicle manufacturers—for example, tire makers, wiring harness manufacturers, or brake system producers.
Auto ancillary stocks have seen upward movements in certain periods, often linked to factors such as EV demand, export orders, government incentives (PLI), and higher domestic vehicle production. However, performance may vary depending on market and policy conditions.
Examples include Motherson Sumi (wiring and mirrors), Bosch (electronics & brakes), and Exide (automotive batteries).
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