Industry analysis
Passenger Cars & Utility Vehicles
Read from what its listed companies are showing. Valuations are compared within this industry.
Too few companies to judge
8 listed companies · ₹ 5,34,118 Cr. total market valueFewer than 8 companies here have results to compare, so the sector is not called either way. The figures below are still shown.
- ●71% of companies grew sales by more than 8% from a year earlier; the typical company's profit fell 2.6%.
- ●No credit rating changes in the last 90 days.
- –8 good and 2 bad company announcements (read since 6 Oct 2026; not counted until there is a month of them).
- ●The typical share is down 10% in 3 months; 0% of shares trade above their 200-day average (their usual level).
- –Typical P/E 28.9, close to these companies' usual level.
▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.
In charts
Share prices over the last year
The typical Passenger Cars & Utility Vehicles share against the typical share on the market, both starting at 100. Now 76 vs 83.
Is growth speeding up or slowing down?
The typical company's sales and profit growth against the same quarter a year earlier.
Price against growth
Each dot is a company: further left is cheaper (lower P/E), higher up grew profit faster. Red dots passed the cheaper-than-peers screen. Companies beyond the chart's edges sit on the edge.
Cheaper than peers
Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.
No company here passes every test right now.
Cheaper than peers across the whole market
Leaders and laggards
Good news
- Hyundai Motor IndiaExpansion or acquisition
- Tata Motors Passenger Vehicles LtdStrong results
Warning signs
No red flags in 90 days.
Best shares, 3 months
- Force Motors−4.3%
- Hyundai Motor India−4.8%
- Mercury Ev-Tech−7.4%
- Hindustan Motors−8.4%
- Mahindra & Mahindra Ltd−12%
Worst shares, 3 months
Companies
Click a column to sort.
| Signs (90 days) | |||||||
|---|---|---|---|---|---|---|---|
| Maruti Suzuki India MARUTI | Passenger Cars & Utility Vehicles | ₹ 3,53,984.28 Cr. | +35.9% | −9.1% | 27.1 | −19.5% | |
| Hyundai Motor India HYUNDAI | Passenger Cars & Utility Vehicles | ₹ 1,50,320.1 Cr. | −0.5% | −35.1% | 30.6 | −4.8% | Expansion or acquisition |
| Force Motors FORCEMOT | Passenger Cars & Utility Vehicles | ₹ 21,362.23 Cr. | +6.2% | +23.3% | 20.4 | −4.3% | |
| Olectra Greentech OLECTRA | Passenger Cars & Utility Vehicles | ₹ 7,833.43 Cr. | +66% | +3.8% | 45.6 | −26.5% | |
| Mercury Ev-Tech MERCURYEV | Passenger Cars & Utility Vehicles | ₹ 618.2 Cr. | +47.9% | +29.9% | 138.2 | −7.4% | |
| Hindustan Motors HINDMOTORS | Passenger Cars & Utility Vehicles | — | — | −94.7% | 64.7 | −8.4% | |
| Mahindra & Mahindra Ltd M&M | Passenger Cars & Utility Vehicles | — | +27.8% | +37% | 18.6 | −12% | |
| Tata Motors Passenger Vehicles Ltd TMPV | Passenger Cars & Utility Vehicles | — | +9.3% | −78.5% | 1.5 | −20.4% | Strong results |
Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.