Bajaj Auto vs TVS Motor vs Hero MotoCorp: Side-by-Side Comparison of India’s Top Two-Wheeler Stocks
- September 22, 2026
- Posted by: Harsh Piplani
- Category: Uncategorized
Bajaj Auto, TVS Motor and Hero MotoCorp compared on market cap, valuation, ROE, 52-week range and dividend yield. Data as of September 2026.
Quick Answer
Bajaj Auto vs TVS Motor vs Hero MotoCorp is a side-by-side comparison of three of India’s leading two-wheeler makers. Bajaj Auto carries the largest market cap of the three, TVS Motor posts the highest ROE and the richest valuation multiples, and Hero MotoCorp trades at the lowest PE alongside the highest dividend yield. Each company’s numbers are presented here without a declared “better” pick, since the right stock depends on an investor’s own criteria.
Bajaj Auto vs TVS Motor vs Hero MotoCorp starts with the core numbers most investors compare across leading two-wheeler 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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Bajaj Auto vs TVS Motor vs Hero MotoCorp: Key Metrics at a Glance
| Metric | Bajaj Auto | TVS Motor | Hero MotoCorp |
|---|---|---|---|
| Market Cap (approx.) | Rs 3,26,873 crore | Rs 2,09,357 crore | Rs 1,12,992 crore |
| PE Ratio (TTM) | 27.80 | 61.08 | 19.68 |
| PB Ratio | 8.42 | 21.89 | 5.23 |
| ROE (%) | 27.66% | 31.55% | 26.56% |
| 52-Week High | Rs 11,856.00 | Rs 4,455.20 | Rs 6,388.50 |
| 52-Week Low | Rs 7,858.50 | Rs 2,931.30 | Rs 4,422.30 |
| Dividend Yield | 1.28% | 0.27% | 3.28% |
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Valuation Comparison: PE and PB Ratios
On valuation, Hero MotoCorp trades at the lowest PE ratio of the three at 19.68, Bajaj Auto follows at 27.80, while TVS Motor commands a considerably richer PE of 61.08. The gap is even wider on price-to-book, where TVS Motor trades at 21.89 times book value against Bajaj Auto’s 8.42 times and Hero MotoCorp’s 5.23 times.
Profitability Comparison: Return on Equity
On return on equity, TVS Motor leads the trio at 31.55%, ahead of Bajaj Auto at 27.66% and Hero MotoCorp at 26.56%, a relatively tight spread compared with the wide gap seen in valuation multiples.
52-Week Trading Range Comparison
TVS Motor has traded in the widest absolute price band of the three over the past 52 weeks, between Rs 2,931.30 and Rs 4,455.20, followed by Hero MotoCorp between Rs 4,422.30 and Rs 6,388.50. Bajaj Auto’s range spans Rs 7,858.50 to Rs 11,856.00, reflecting its considerably higher per-share price.
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Dividend Yield Comparison
Hero MotoCorp offers by far the highest dividend yield among the three at 3.28%, well ahead of Bajaj Auto at 1.28% and TVS Motor at just 0.27%, making it the more income-oriented pick of the trio on this metric.
What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three two-wheeler makers should track monthly volume data, rural demand trends given two-wheelers’ heavier rural exposure than passenger cars, and each company’s electric two-wheeler strategy, since EV transition risk and opportunity varies meaningfully across the three.
Also read – TCS vs Infosys vs Wipro: Side-by-Side Comparison of India’s Top IT Services Stocks
Snapshot: Bajaj Auto vs TVS Motor vs Hero MotoCorp is a widely searched comparison among investors tracking this sector. Bajaj Auto vs TVS Motor vs Hero MotoCorp highlights differences in valuation. Bajaj Auto vs TVS Motor vs Hero MotoCorp highlights differences in profitability. Bajaj Auto vs TVS Motor vs Hero MotoCorp highlights differences in dividend yield. Bajaj Auto vs TVS Motor vs Hero MotoCorp is best read as a factual snapshot rather than a recommendation.
In short: Bajaj Auto vs TVS Motor vs Hero MotoCorp remains one of the most-searched sector comparisons on Dalal Street. Bajaj Auto vs TVS Motor vs Hero MotoCorp draws attention every earnings season. Bajaj Auto vs TVS Motor vs Hero MotoCorp is tracked closely by retail and institutional investors alike. Bajaj Auto vs TVS Motor vs Hero MotoCorp numbers should always be checked live before acting.
Quick recap: Bajaj Auto vs TVS Motor vs Hero MotoCorp. Bajaj Auto vs TVS Motor vs Hero MotoCorp. Bajaj Auto vs TVS Motor vs Hero MotoCorp data as of September 2026.
Conclusion
Bajaj Auto vs TVS Motor vs Hero MotoCorp 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 Bajaj Auto vs TVS Motor vs Hero MotoCorp
What is the market cap difference between Bajaj Auto, TVS Motor and Hero MotoCorp?
Ans. As of September 2026, Bajaj Auto has a market cap of approximately Rs 3,26,873 crore, TVS Motor is at approximately Rs 2,09,357 crore, and Hero MotoCorp is at approximately Rs 1,12,992 crore.
Which of the three has the highest PE ratio?
Ans. Among Bajaj Auto, TVS Motor and Hero MotoCorp, the PE ratios stand at 27.80, 61.08 and 19.68 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Bajaj Auto, TVS Motor and Hero MotoCorp post ROE of 27.66%, 31.55% and 26.56% respectively as of September 2026.
What is the 52-week range for Bajaj Auto, TVS Motor and Hero MotoCorp?
Ans. Bajaj Auto has traded between Rs 7,858.50 and Rs 11,856.00, TVS Motor between Rs 2,931.30 and Rs 4,455.20, and Hero MotoCorp between Rs 4,422.30 and Rs 6,388.50 over the past 52 weeks.
Which of these three stocks pays the highest dividend yield?
Ans. Bajaj Auto, TVS Motor and Hero MotoCorp carry dividend yields of 1.28%, 0.27% and 3.28% respectively as of September 2026.
Why does TVS Motor trade at a much higher PE than its peers?
Ans. TVS Motor trades at a considerably higher PE of 61.08 compared with Bajaj Auto and Hero MotoCorp, reflecting market expectations for its growth trajectory, including its premium and electric two-wheeler portfolio.
Which two-wheeler stock has the highest dividend yield?
Ans. Hero MotoCorp has the highest dividend yield among the three at 3.28%, compared with Bajaj Auto’s 1.28% and TVS Motor’s 0.27%.
Is one of Bajaj Auto, TVS Motor or Hero MotoCorp 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.
