Best Auto Stocks to Buy in 2023

Published : 31 Mar 2023

With the emergence of autonomous and electric vehicles and an increasing emphasis on sustainability, the auto industry has recently undergone considerable changes. These patterns are anticipated to persist as 2023 approaches, presenting new chances for automotive investors.

EPS

125.7

Suzuki Motor Corporation of Japan's subsidiary, Maruti Suzuki India Ltd, is the top automobile stocks in India of passenger vehicles. The company's headquarters are in New Delhi, India, where it was established in 1981.

P/E Ratio

33.8

4.5

Price to Book Ratio

Current Market Price

₹₹8305.00

250,773

Market Cap Cr

EPS

167.8

A significant player in the Indian two- and three-wheeler markets is Bajaj Auto Ltd. The company was established in 1945 and had its headquarters in Pune, Maharashtra, India. Bajaj Auto offers a wide range of products, from budget-friendly motorcycles to high-end models. It also makes commercial vehicles like autorickshaws.

P/E Ratio

18.8

3.7

Price to Book Ratio

Current Market Price

₹3890.9

110,392

Market Cap Cr

EPS

120.3

The largest two-wheeler producer in the world, Hero MotoCorp Ltd., is an Indian company with headquarters in New Delhi. The company was created in 1984 and had a wide range of products catering to diverse market areas. 

P/E Ratio

17.9

2.9

Price to Book Ratio

Current Market Price

₹2338.6

46,822

Market Cap Cr

EPS

-4.7

With its headquarters in Mumbai, Maharashtra, Tata Motors Ltd. is a global Indian automaker. The business was established in 1945 and is a component of the Tata Group. The company operates in multiple nations, giving it a substantial global footprint.

P/E Ratio

-39.7

2.8

Price to Book Ratio

Current Market Price

₹417.6

138,766

Market Cap Cr

EPS

41

Mumbai, India, is home to the international vehicle manufacturing company Mahindra & Mahindra Ltd. The company was started in 1945 and has since evolved into one of India's major vehicle manufacturers.

P/E Ratio

14.5

2.5

Price to Book Ratio

Current Market Price

₹1150.1

143,210

Market Cap Cr