Maruti Suzuki vs Mahindra & Mahindra vs Tata Motors PV: Side-by-Side Comparison of India’s Top Car Makers
- September 22, 2026
- Posted by: Harsh Piplani
- Category: Uncategorized
Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles compared on market cap, valuation, ROE, 52-week range and dividend yield. Data as of September 2026.
Quick Answer
Maruti Suzuki vs Mahindra & Mahindra vs Tata Motors Passenger Vehicles is a side-by-side comparison of three of India’s leading passenger vehicle makers. Maruti Suzuki carries the largest market cap of the three, Mahindra & Mahindra posts the highest ROE among profitable peers, and Tata Motors Passenger Vehicles reported a net loss in its trailing period following its 2025 demerger from Tata Motors’ commercial vehicle business, making its PE not meaningful. Each company’s numbers are presented here without a declared “better” pick, since the right stock depends on an investor’s own criteria.
Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles starts with the core numbers most investors compare across leading passenger vehicle makers: market capitalisation, valuation, profitability, and the 52-week trading range. Figures below are as of September 2026 and will shift with daily price moves.
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Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles: Key Metrics at a Glance
| Metric | Maruti Suzuki | Mahindra & Mahindra | Tata Motors Passenger Vehicles |
|---|---|---|---|
| Market Cap (approx.) | Rs 4,44,628 crore | Rs 4,28,209 crore | Rs 1,14,906 crore |
| PE Ratio (TTM) | 31.02 | 23.18 | Not meaningful (net loss) |
| PB Ratio | 4.15 | 4.60 | 1.02 |
| ROE (%) | 13.69% | 18.36% | -24.07% |
| 52-Week High | Rs 17,370.00 | Rs 3,839.90 | Rs 447.79 |
| 52-Week Low | Rs 12,201.00 | Rs 2,896.00 | Rs 294.30 |
| Dividend Yield | Not disclosed this period | 0.96% | 1% |
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Valuation Comparison: PE and PB Ratios
On valuation, Mahindra & Mahindra trades at a lower PE of 23.18 compared with Maruti Suzuki’s 31.02, while Tata Motors Passenger Vehicles’ PE is not meaningful given its reported net loss in the trailing twelve months. On price-to-book, Mahindra & Mahindra trades at 4.60 times book value, Maruti Suzuki at 4.15 times, and Tata Motors Passenger Vehicles at a much lower 1.02 times.
Profitability Comparison: Return on Equity
On return on equity, Mahindra & Mahindra leads the profitable pair at 18.36%, ahead of Maruti Suzuki at 13.69%. Tata Motors Passenger Vehicles posted a negative ROE of -24.07% in its trailing period, reflecting a net loss following the 2025 demerger that separated its passenger vehicle business from Tata Motors’ commercial vehicle operations.
52-Week Trading Range Comparison
Maruti Suzuki has traded in the widest absolute price band of the three over the past 52 weeks, between Rs 12,201.00 and Rs 17,370.00, given its considerably higher per-share price. Mahindra & Mahindra’s range spans Rs 2,896.00 to Rs 3,839.90, while Tata Motors Passenger Vehicles, trading at a much lower per-share price post-demerger, has moved between Rs 294.30 and Rs 447.79.
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Dividend Yield Comparison
Mahindra & Mahindra currently carries a dividend yield of around 0.96%, while Tata Motors Passenger Vehicles’ recent yield is around 1%; Maruti Suzuki’s dividend yield was not disclosed in this reporting period’s data and should be checked separately before relying on it.
What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three passenger vehicle makers should track monthly volume data, SUV and EV mix trends, and for Tata Motors Passenger Vehicles specifically, the post-demerger turnaround trajectory, since its current loss-making status makes near-term earnings visibility the key variable to watch.
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Snapshot: Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles is a widely searched comparison among investors tracking this sector. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles highlights differences in valuation. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles highlights differences in profitability. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles highlights differences in dividend yield. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles is best read as a factual snapshot rather than a recommendation.
In short: Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles remains one of the most-searched sector comparisons on Dalal Street. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles draws attention every earnings season. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles is tracked closely by retail and institutional investors alike. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles numbers should always be checked live before acting.
Quick recap: Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles. Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles data as of September 2026.
Conclusion
Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles highlights how differently three leading names in the same sector can score across valuation, profitability and dividend metrics, even when operating in the same space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Maruti Suzuki vs Mahindra and Mahindra vs Tata Motors Passenger Vehicles
What is the market cap difference between Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles?
Ans. As of September 2026, Maruti Suzuki has a market cap of approximately Rs 4,44,628 crore, Mahindra & Mahindra is at approximately Rs 4,28,209 crore, and Tata Motors Passenger Vehicles is at approximately Rs 1,14,906 crore.
Which of the three has the highest PE ratio?
Ans. Among Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles, the PE ratios stand at 31.02, 23.18 and Not meaningful (net loss) respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles post ROE of 13.69%, 18.36% and -24.07% respectively as of September 2026.
What is the 52-week range for Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles?
Ans. Maruti Suzuki has traded between Rs 12,201.00 and Rs 17,370.00, Mahindra & Mahindra between Rs 2,896.00 and Rs 3,839.90, and Tata Motors Passenger Vehicles between Rs 294.30 and Rs 447.79 over the past 52 weeks.
Which of these three stocks pays the highest dividend yield?
Ans. Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles carry dividend yields of Not disclosed this period, 0.96% and 1% respectively as of September 2026.
Why is Tata Motors Passenger Vehicles’ PE not meaningful?
Ans. Tata Motors Passenger Vehicles’ PE is not meaningful because the company reported a net loss in its trailing twelve-month period following its 2025 demerger from Tata Motors’ commercial vehicle business.
Which of the three car makers has the highest ROE among profitable peers?
Ans. Mahindra & Mahindra has the highest ROE among the profitable peers at 18.36%, ahead of Maruti Suzuki at 13.69%.
Is one of Maruti Suzuki, Mahindra & Mahindra or Tata Motors Passenger Vehicles better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
