Nifty Auto Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 5, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
M&M Rs 2,962. Bajaj Auto Rs 10,608. Eicher Rs 7,420. Hero Rs 5,400. TVS Motor Rs 4,331. NSE closing prices, 4 Nov 2026.
Quick Answer
Five Nifty Auto stocks to buy on the November 2026 watchlist are Mahindra and Mahindra, Bajaj Auto, Eicher Motors, Hero MotoCorp and TVS Motor Company. All five grew revenue in their latest full year, and all five also grew net profit. Mahindra and Mahindra has the lowest P/E at 17.63, while Bajaj Auto leads on return on equity at 35.71%. Check each valuation against your own risk appetite before acting.
The Nifty Auto stocks to buy in November 2026 start with five listed names: Mahindra and Mahindra, Bajaj Auto, Eicher Motors, Hero MotoCorp and TVS Motor Company. The Nifty Auto index tracks vehicle makers and component suppliers, and these five companies are all part of it.
This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these Nifty Auto stocks to buy to a portfolio. All prices are NSE closing prices of 4 November 2026, and financials come from company filings.
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Which Are the Best Nifty Auto Stocks to Buy in November 2026?
The best Nifty Auto stocks to buy in November 2026 for a watchlist are Mahindra and Mahindra, Bajaj Auto, Eicher Motors, Hero MotoCorp and TVS Motor Company. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.
| Company | CMP (Rs) | Market Cap | P/E | ROE | Dividend Yield |
|---|---|---|---|---|---|
| Mahindra and Mahindra | 2,962 | Rs 3,56,893 crore | 17.63 | 18.37% | 1.11% |
| Bajaj Auto | 10,608 | Rs 2,87,994 crore | 22.47 | 35.71% | 1.46% |
| Eicher Motors | 7,420 | Rs 2,00,126 crore | 34.67 | 21.97% | 1.12% |
| Hero MotoCorp | 5,400 | Rs 1,06,086 crore | 19.33 | 26.57% | 3.49% |
| TVS Motor Company | 4,331 | Rs 2,01,389 crore | 50.50 | 31.56% | 0.28% |
On valuation, Mahindra and Mahindra and Hero MotoCorp trade below the industry P/E; Bajaj Auto sits close to it; Eicher Motors and TVS Motor Company carry a premium. Valuation is the first filter for any Nifty Auto stocks to buy list, and it is covered again in the risk section.
Why These Nifty Auto Stocks to Buy Are in Focus
In this list, FY26 net profit grew more than 16% and revenue grew more than 15% for every company. The list covers an SUV and tractor leader, an export-strong motorcycle maker, the owner of Royal Enfield, the largest two-wheeler maker by volume and a fast-growing two-wheeler maker. Investors comparing the best Nifty Auto stocks in India usually check monthly sales, export demand and how the shares are valued.
Mahindra and Mahindra: The SUV and Tractor Leader Among Nifty Auto Stocks to Buy
Mahindra and Mahindra is India’s leading SUV and tractor maker, with farm equipment, commercial vehicles and services arms. At Rs 2,962, the stock has a market capitalisation of Rs 3,56,893 crore and trades at 17.63 times earnings, while the industry P/E is 23.63.
Reported numbers show FY26 revenue of Rs 2,02,084 crore, up 25.2% year on year, with net profit at Rs 18,622 crore, up 32.3%. The June 2026 quarter added revenue of Rs 59,204 crore (up 27.5%) and net profit of Rs 5,998 crore (up 37.0%).
Return on equity is 18.37%, debt-to-equity is 1.44, and the dividend yield is 1.11%. Promoters hold 18.39%, foreign institutions 33.35% and domestic institutions 34.24% as of September 2026. Domestic institutional holding has risen from 29.96% to 34.24% over the last year. A point to keep in view: debt is higher than most names on this list.
Bajaj Auto: The Export-Strong Two-Wheeler Maker Among Nifty Auto Stocks to Buy
Bajaj Auto is a motorcycle and three-wheeler maker with a large export business and an electric scooter range. Its market capitalisation is Rs 2,87,994 crore, the share price is Rs 10,608 and the P/E of 22.47 compares with an industry P/E of 23.63.
Over FY26, net profit rose 44.4% to Rs 10,574 crore on revenue of Rs 65,087 crore, which was up 24.0%. The latest quarter, the September 2026 quarter, brought revenue of Rs 25,677 crore, up 57.4% year on year, and net profit of Rs 3,384 crore, up 59.5%.
Return on equity is 35.71%, debt-to-equity is 0.72, and the dividend yield is 1.46%. Promoters hold 55.95%, foreign institutions 8.87% and domestic institutions 13.31% as of September 2026.
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Eicher Motors: The Premium Motorcycle Name Among Nifty Auto Stocks to Buy
Eicher Motors is the owner of Royal Enfield motorcycles and a commercial-vehicle joint venture with Volvo. The stock trades at Rs 7,420 with a market capitalisation of Rs 2,00,126 crore and a P/E of 34.67, against an industry P/E of 23.63.
FY26 revenue rose 23.4% to Rs 24,894 crore and net profit rose 16.5% to Rs 5,515 crore. In the June 2026 quarter, revenue grew 29.4% year on year to Rs 7,099 crore, while net profit grew 21.3% to Rs 1,463 crore.
Return on equity is 21.97%, debt-to-equity is 0.02, and the dividend yield is 1.12%. Promoters hold 49.02%, foreign institutions 24.02% and domestic institutions 17.60% as of September 2026. Domestic institutional holding has risen from 14.72% to 17.60% over the last year.
Hero MotoCorp: The Volume Two-Wheeler Leader Among Nifty Auto Stocks to Buy
Hero MotoCorp is India’s largest two-wheeler maker by volume, with a broad commuter and scooter range. At Rs 5,400, the stock has a market capitalisation of Rs 1,06,086 crore and trades at 19.33 times earnings, while the industry P/E is 23.63.
Reported numbers show FY26 revenue of Rs 48,469 crore, up 15.5% year on year, with net profit at Rs 5,776 crore, up 32.0%. The September 2026 quarter added revenue of Rs 15,172 crore (up 21.8%) and net profit of Rs 1,861 crore (up 40.8%).
Return on equity is 26.57%, debt-to-equity is 0.04, and the dividend yield is 3.49%. Promoters hold 34.72%, foreign institutions 32.22% and domestic institutions 23.94% as of September 2026. Foreign institutional holding has risen from 28.76% to 32.22% over the last year.
TVS Motor Company: The Fast-Growing Two-Wheeler Name Among Nifty Auto Stocks to Buy
TVS Motor Company is a two-wheeler and three-wheeler maker with a growing export and electric vehicle portfolio. Its market capitalisation is Rs 2,01,389 crore, the share price is Rs 4,331 and the P/E of 50.50 compares with an industry P/E of 23.63.
Over FY26, net profit rose 35.6% to Rs 3,186 crore on revenue of Rs 56,092 crore, which was up 27.0%. The latest quarter, the September 2026 quarter, brought revenue of Rs 19,572 crore, up 39.4% year on year, and net profit of Rs 1,219 crore, up 46.4%.
Return on equity is 31.56%, debt-to-equity is 3.43, and the dividend yield is 0.28%. Promoters hold 50.27%, foreign institutions 21.39% and domestic institutions 20.29% as of September 2026. Domestic institutional holding has risen from 18.35% to 20.29% over the last year. A point to keep in view: debt is higher than most names on this list.
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Growth Snapshot: Latest Full Year and Latest Quarter
The table compares year-on-year growth in revenue and net profit for all five Nifty Auto stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Mahindra and Mahindra | 25.2% | 32.3% | Jun 2026 | 27.5% | 37.0% |
| Bajaj Auto | 24.0% | 44.4% | Sep 2026 | 57.4% | 59.5% |
| Eicher Motors | 23.4% | 16.5% | Jun 2026 | 29.4% | 21.3% |
| Hero MotoCorp | 15.5% | 32.0% | Sep 2026 | 21.8% | 40.8% |
| TVS Motor Company | 27.0% | 35.6% | Sep 2026 | 39.4% | 46.4% |
Factors That Move Nifty Auto Stocks to Buy
Four factors tend to drive Nifty Auto stocks, and each one is worth checking before a purchase.
- Monthly sales: Dispatch numbers show demand.
- Exports: Overseas sales add growth.
- Margins: Input costs shape profit.
- Valuation: P/E varies a lot in this group.
Risks to Keep in Mind Before Buying Nifty Auto Stocks
The first risk is that vehicle demand follows festive buying, fuel prices and interest rates. The second is that two of these names carry higher debt through their finance businesses. Check results every quarter.
On the numbers, TVS Motor Company trades at the highest P/E on this list at 50.50, so its earnings need to keep growing to support the price. Nifty Auto stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.
How to Choose Nifty Auto Stocks to Buy
- Track sales data: Monthly numbers are released early.
- Compare ROE: Returns are strong across the group.
- Check P/E: One name trades at a premium.
- Spread risk: Mix cars, tractors and two-wheelers.
How to Invest in Nifty Auto Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
Mahindra and Mahindra offers the lowest P/E on this list at 17.63, Bajaj Auto has the highest return on equity at 35.71%, and Bajaj Auto posted the fastest net profit growth in its latest full year at 44.4%. Among the best Nifty Auto stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these Nifty Auto stocks to buy.
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).
Frequently Asked Questions on Nifty Auto Stocks to Buy
Which are the best Nifty Auto stocks to buy in November 2026?
Ans. The five Nifty Auto stocks on the November 2026 watchlist are Mahindra and Mahindra, Bajaj Auto, Eicher Motors, Hero MotoCorp and TVS Motor Company. Mahindra and Mahindra has the lowest P/E at 17.63, Bajaj Auto has the highest ROE at 35.71%, and Bajaj Auto grew net profit 44.4% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Mahindra and Mahindra a good stock to buy from this Nifty Auto list?
Ans. Mahindra and Mahindra is the largest company on this list with a market capitalisation of Rs 3,56,893 crore and a P/E of 17.63 against an industry P/E of 23.63. Its FY26 revenue rose 25.2% and net profit rose 32.3%, with return on equity at 18.37%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.
Are these Nifty Auto stocks expensive right now?
Ans. Valuations vary across the group. Mahindra and Mahindra trades at a P/E of 17.63, Bajaj Auto trades at a P/E of 22.47, Eicher Motors trades at a P/E of 34.67, Hero MotoCorp trades at a P/E of 19.33, TVS Motor Company trades at a P/E of 50.50, against an industry P/E of 23.63. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these Nifty Auto stocks pay a dividend?
Ans. Dividend yields on this list are Mahindra and Mahindra 1.11%, Bajaj Auto 1.46%, Eicher Motors 1.12%, Hero MotoCorp 3.49%, TVS Motor Company 0.28%. Yields differ widely across the group, so check payout history and earnings cover before relying on any of them for income, since payouts can change with company profits.
Which stock on this list has the highest return on equity?
Ans. Bajaj Auto has the highest ROE on this list at 35.71%, followed by TVS Motor Company at 31.56% and Hero MotoCorp at 26.57%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.
What are the risks of investing in Nifty Auto stocks?
Ans. The main risks are festive-season dependence, fuel and interest rate effects and input cost pressure. On this list, TVS Motor Company trades at the highest P/E of 50.50, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in Nifty Auto stocks in India?
Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.
