This industry is expected to grow faster in the coming years due to many reasons, such as strong demand for commercial cars and trucks, inflating disposable incomes, and supportive government policies.
As the commercial vehicle industry grows, several stocks in this space are also becoming a big hit attracting investors’ attention.
This blog compiles the list of the top 5 commercial vehicle stocks in India for online investing. Keep reading to find out.
1. Tata Motors
Tata Motors is one of the oldest automotive manufacturing companies in India. It is a part of the TATA group and widely produces passenger cars, trucks, vans, coaches, and buses. Earlier, the company’s name was Tata Engineering and Locomotive Company (TELCO. The company has auto manufacturing and vehicle plants across the world.
- TATA Motors Share Price as of December 2023: Rs 725+
- Market Cap: Rs 2,63,861.00 Cr
2. Eicher Motors
Eicher Motors is a global automotive company based in India that produces commercial vehicles and motorcycles. It has its headquarters in New Delhi, India. The company is involved in designing, developing, producing, and local and global marketing buses, motorcycles, trucks, automotive gears, and components.
- Eicher Motors Share Price as of December 2023: Rs 4050+
- Market Cap: Rs 1,11,801.00 Cr
3. Ashok Leyland
Ashok Leyland is another popular automotive manufacturing company. It was established in 1948. It is the second-largest producer of commercial vehicles in the country. The company’s production facilities are based in Ennore, Bhandara, Hosur, Alwar, and Pantnagar. It has a worldwide presence and is also involved in philanthropic activities.
- Ashok Leyland Share Price as of December 2023: Rs 170+
- Market Cap: Rs 51,675.80 Cr
4. Mahindra
Mahindra is a famous company in India involved in the automotive, farm, and services businesses. It was established in 1945 and is headquartered in Mumbai, India. In 2018, the company was ranked 17th among top Indian companies by Fortune India 500.
- Mahindra Share Price as of December 2023: Rs 1714+3
- Market Cap: Rs 2,11,891 Cr
5. TVS Motors
TVS Motors is an Indian company headquartered in Chennai, India. It is the flagship brand of the TVS Group. The company was founded in 1978. It is the third-largest motorcycle company in revenue. The company is also one of the largest two-wheeler vehicle exporters in the country.
- TVS Motors Share Price as of December 2023: Rs 2000+
- Market Cap: Rs 97,331 Cr
It is important to note that investing in stocks is subjective and you should research stocks before making a decision. To start investing in stocks, you can opt for Dhan, a leading online investing and trading platform in India.
Conclusion
The automobile sector in India can be a promising avenue for investors in 2023. The companies mentioned above have performed well, and their stocks have also given good returns to investors. If you wish to do online investing in these stocks, download Dhan, one of the best online investment apps.
