The Nifty Auto Index is an index that represents the automobile sector of India. It comprises some of the top automobile companies in India.
The Indian automobile sector is growing rapidly with Nifty auto share price reaching above Rs. 22,000. In this article, we will cover the top companies of the Nifty Auto Index.
Top 5 Companies in Nifty Auto Index
The Nifty Auto Index consists of the top 15 automobile companies in India. Each of these companies carries a fixed weightage as per the market value in Nifty Auto Index. These companies are the top players in the automobile industry which consists of manufacturers of cars, motorcycles, heavy vehicles etc. Here is a list of the top 5 nifty auto companies.
1. Maruti Suzuki
Maruti Suzuki India Ltd is the Indian Unit of Japan’s Suzuki Motor Corp. The company started its operation in India in the year 1981 in a joint venture with the Indian Government. Presently it has manufacturing units in Gurgaon and Manesar in India.
The company has 16 car models in its portfolio in more than 150 variants. Apart from car manufacturing the company is also involved in pre-owned car sales and car financing.
- Maruti Suzuki Share Price as of 3rd July 2024: ₹12,075+
- Market Cap: ₹3,78,519.00 Cr
2. Tata Motors
Tata Motors is a global automobile manufacturing company which offers a wide range of cars. It is one of the largest automobile manufacturing companies in India. The company is a pioneer in India in bringing electric vehicles.
The company came into existence in September 1945. It has its headquarters in Mumbai city of India.
- Tata Motors Share Price as of 3rd July 2024: ₹979+
- Market Cap: ₹3,59,591.00 Cr
3. Bajaj Auto
Bajaj Auto Limited is part of Bajaj Group and is involved in the manufacturing of two-wheeler and three-wheeler vehicles. The company has an in-house government-recognised R&D centre which has brought into the market some models like Pulsar, Platina motorcycles, Discover and many more.
Bajaj Auto has manufacturing units in Uttarakhand and Maharashtra states of India. It exports vehicles to Africa, Asia Pacific, South Asia, Latin America, the Middle East and Europe.
- Bajaj Auto Share Price as of 3rd July 2024: ₹9,418+
- Market Cap: ₹2,62,386.00 Cr
4. Hero MotoCorp Ltd
Hero MotoCorp is the number 1 two-wheeler manufacturer in the world. The company has 115M+ customers and has a presence in 47+ countries. The company’s popular products are Karizma, Xtreme Sports, Glamour BS6, Xpulse etc.
Hero MotoCorp has manufacturing units in India, Germany, Bangladesh and Colombia. The company has headquarters in New Delhi city of India.
- Hero MotoCorp Share Price as of 3rd July 2024: ₹5,570+
- Market Cap: ₹1,11,242 Cr
5. Mahindra & Mahindra
Mahindra & Mahindra is a part of the Mahindra group and is involved in the manufacture of automotive vehicles. It is majorly involved in the manufacturing of sport utility vehicles, farm tractors and trucks. The company has a presence in domestic as well as international markets.
The company was founded in 1945 and presently has a presence in more than 100 nations. Mahindra & Mahindra is the largest tractor company in the world by volume.
- Mahindra & Mahindra Share Price as of 3rd July 2024: ₹2872+
- Market Cap: ₹3,56,514.00 Cr
Conclusion
There are many big players in the automobile sector. As an investor, you can expect good returns in the long run. In this article, we have listed 5 top companies in the Automobile sector which have a big weightage in the Nifty Auto Index. You can research about it if you are planning to invest. To start investing, open an account with Dhan.