3 Motorcycle and Three-Wheeler Maker, Utility Vehicle and Tractor Leader and Passenger Car Manufacturer Stocks With a Strong Future Roadmap: Bajaj Auto, Mahindra and Mahindra and Hyundai Motor India
- October 28, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Bajaj Auto, Mahindra and Mahindra and Hyundai Motor India: ROE of 18.4% to 27.7% and FY22 to FY26 revenue CAGR of 10.6% to 22.0%. Prices as of 27 Oct 2026.
Quick Answer
The three bike, SUV and passenger car maker stocks to watch are Bajaj Auto, Mahindra and Mahindra and Hyundai Motor India. Their return on equity ranges from 18.4% to 27.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 22.0%. Bajaj Auto has the highest return on equity at 27.7%, while Mahindra and Mahindra has the fastest revenue growth at 22.0% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Bike, SUV and passenger car maker stocks offer a focused view of a sector where demand keeps widening. Bajaj Auto, Mahindra and Mahindra and Hyundai Motor India cover a motorcycle and three-wheeler maker, a utility vehicle and tractor leader and a passenger car manufacturer.
This list covers three bike, SUV and passenger car maker stocks with complete current figures: Bajaj Auto, Mahindra and Mahindra and Hyundai Motor India. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
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What Are Bike, SUV and Passenger Car Maker Stocks?
Bike, SUV and passenger car maker stocks are listed vehicle makers that build motorcycles, three-wheelers, utility vehicles, tractors and passenger cars for Indian and export markets. Their earnings depend on vehicle demand, new launches, commodity costs and export conditions.
Bike, SUV and Passenger Car Maker Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Bajaj Auto | 10,390 | 277,002 | 24.0 | 23.4 | 27.7 | 0.58 |
| Mahindra and Mahindra | 2,858.4 | 354,157 | 17.5 | 23.4 | 18.4 | 1.44 |
| Hyundai Motor India | 1,861.3 | 150,645 | 30.4 | 23.4 | 27.1 | 0.05 |
On valuation, Mahindra and Mahindra trades at a P/E below the industry P/E, while Bajaj Auto and Hyundai Motor India trade above it, which reflects the growth the market already expects. Readers comparing bike, SUV and passenger car maker stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Bike, SUV and Passenger Car Maker Stocks Have a Strong Roadmap in India?
Bike, SUV and passenger car maker stocks have a strong roadmap in India because rising incomes, a shift toward utility vehicles and growing exports and electric models keep widening the market for Indian vehicle makers.
- Vehicle demand. Rising incomes lift two-wheeler and car sales.
- New launches. Fresh models refresh the product range.
- Exports and EVs. Overseas sales and electric models add growth.
Why Bajaj Auto Features Among These Bike, SUV and Passenger Car Maker Stocks
Among the bike, SUV and passenger car maker stocks on this list, Bajaj Auto makes motorcycles, three-wheelers and electric vehicles, and it sells a large share of its output to export markets across Africa, Latin America and Asia.
Revenue rose from Rs 34,429 crore in FY22 to Rs 65,087 crore in FY26, a compound annual growth rate of 17.3%. Net profit grew from Rs 6,166 crore in FY22 to Rs 10,574 crore in FY26, which works out to a compound annual growth rate of 14.4%.
The company has a return on equity of 27.7%, a debt to equity ratio of 0.58 and a market capitalisation of Rs 277,002 crore. The stock trades at a P/E of 24.0, above the industry P/E of 23.4.
Roadmap: The company is growing its premium motorcycle and electric three-wheeler ranges and widening its export reach. A strong presence in commercial three-wheelers adds steady demand.
What to watch: Follow export volumes, premium motorcycle mix and electric vehicle growth.
Why Mahindra and Mahindra Features Among These Bike, SUV and Passenger Car Maker Stocks
Among the auto maker shares on this list, Mahindra and Mahindra is a leading maker of utility vehicles, tractors and commercial vehicles in India, and it also has businesses in farm services, logistics and renewable energy.
In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore. Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%.
Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4.
Roadmap: The company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.
What to watch: Track utility vehicle bookings, tractor demand and progress on new electric platforms.
Why Hyundai Motor India Features Among These Bike, SUV and Passenger Car Maker Stocks
Among the three companies on this list, Hyundai Motor India is the country’s second largest passenger vehicle maker by volume, selling hatchbacks, sedans and sport utility vehicles from its plant near Chennai and a new facility in Pune.
The company has a return on equity of 27.1%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 150,645 crore. The stock trades at a P/E of 30.4, above the industry P/E of 23.4.
Revenue rose from Rs 47,966 crore in FY22 to Rs 71,752 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 2,902 crore in FY22 to Rs 5,432 crore in FY26, which works out to a compound annual growth rate of 17.0%.
Roadmap: A strong sport utility vehicle line-up, a growing exports business and new capacity at the Pune plant add to volumes. The company is also working on electric models and hybrid options for the Indian market.
What to watch: Follow monthly sales, new model launches and the ramp-up of the Pune plant.
Bajaj Auto vs Mahindra and Mahindra vs Hyundai Motor India on Key Financials
The table below sets the three bike, SUV and passenger car maker stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Bajaj Auto | 34,429 | 65,087 | 17.3% | 10,574 | 16.2% |
| Mahindra and Mahindra | 91,105 | 202,084 | 22.0% | 18,622 | 9.2% |
| Hyundai Motor India | 47,966 | 71,752 | 10.6% | 5,432 | 7.6% |
Bajaj Auto posts the highest return on equity in this group at 27.7%. Mahindra and Mahindra combines the largest FY26 revenue at Rs 202,084 crore with the fastest revenue growth, a 22.0% compound annual rate. A useful habit with bike, SUV and passenger car maker stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Bike, SUV and Passenger Car Maker Stocks
Every theme carries risks that deserve a check before any decision. For these bike, SUV and passenger car maker stocks, the main points are: Long-term auto maker shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Demand cycles. Vehicle sales can vary with festive seasons.
- Input costs. Metal and material prices can move margins.
- Competition. New models from rivals can shift market share.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter bike, SUV and passenger car maker stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Bike, SUV and Passenger Car Maker Stocks
Bike, SUV and passenger car maker stocks reward patient research into demand, execution and financial strength. Bajaj Auto, Mahindra and Mahindra and Hyundai Motor India each have a clear plan to grow. Based on the 27 October 2026 close, Bajaj Auto trades at Rs 10,390, Mahindra and Mahindra at Rs 2,858.4 and Hyundai Motor India at Rs 1,861.3.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).
What are bike, SUV and passenger car maker stocks?
Ans. Bike, SUV and passenger car maker stocks are listed vehicle makers that build motorcycles, three-wheelers, utility vehicles, tractors and passenger cars for Indian and export markets. Their earnings depend on vehicle demand, new launches, commodity costs and export conditions. This list looks at three of them, Bajaj Auto, Mahindra and Mahindra and Hyundai Motor India, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which bike, SUV and passenger car maker stocks are covered in this list?
Ans. This list covers Bajaj Auto, Mahindra and Mahindra and Hyundai Motor India. Based on the 27 October 2026 close, Bajaj Auto traded at Rs 10,390, Mahindra and Mahindra at Rs 2,858.4 and Hyundai Motor India at Rs 1,861.3. Their return on equity ranges from 18.4% to 27.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 22.0%.
Why do bike, SUV and passenger car maker stocks have a strong future roadmap in India?
Ans. Bike, SUV and passenger car maker stocks have a strong roadmap in India because rising incomes, a shift toward utility vehicles and growing exports and electric models keep widening the market for Indian vehicle makers. The main drivers are as follows. Vehicle demand. Rising incomes lift two-wheeler and car sales. New launches. Fresh models refresh the product range. Exports and EVs. Overseas sales and electric models add growth. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Bajaj Auto performed financially?
Ans. Revenue rose from Rs 34,429 crore in FY22 to Rs 65,087 crore in FY26, a compound annual growth rate of 17.3%. Net profit grew from Rs 6,166 crore in FY22 to Rs 10,574 crore in FY26, which works out to a compound annual growth rate of 14.4%. The company has a return on equity of 27.7%, a debt to equity ratio of 0.58 and a market capitalisation of Rs 277,002 crore. The stock trades at a P/E of 24.0, above the industry P/E of 23.4. Looking ahead, the company is growing its premium motorcycle and electric three-wheeler ranges and widening its export reach. A strong presence in commercial three-wheelers adds steady demand.
How has Mahindra and Mahindra performed financially?
Ans. Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore. The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4. Looking ahead, the company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.
How has Hyundai Motor India performed financially?
Ans. Revenue rose from Rs 47,966 crore in FY22 to Rs 71,752 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 2,902 crore in FY22 to Rs 5,432 crore in FY26, which works out to a compound annual growth rate of 17.0%. The company has a return on equity of 27.1%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 150,645 crore. The stock trades at a P/E of 30.4, above the industry P/E of 23.4. Looking ahead, a strong sport utility vehicle line-up, a growing exports business and new capacity at the Pune plant add to volumes. The company is also working on electric models and hybrid options for the Indian market.
What risks should investors check before buying bike, SUV and passenger car maker stocks?
Ans. Investors should check a few risks before buying bike, SUV and passenger car maker stocks. Demand cycles. Vehicle sales can vary with festive seasons. Input costs. Metal and material prices can move margins. Competition. New models from rivals can shift market share. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of bike, SUV and passenger car maker stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
