3 Largest Car Maker, Braking and Control Systems Maker and Vehicle Lighting Maker Stocks With a Strong Future Roadmap: Maruti Suzuki, ZF Commercial Vehicle Control Systems India and Varroc Engineering
- October 30, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Maruti Suzuki, ZF Commercial Vehicle Control Systems India and Varroc Engineering: ROE of 13.7% to 14.3% and FY22 to FY26 revenue CAGR of 11.0% to 20.1%. Prices as of 29 Oct 2026.
Quick Answer
The three carmaker, braking and lighting parts stocks to watch are Maruti Suzuki, ZF Commercial Vehicle Control Systems India and Varroc Engineering. Their return on equity ranges from 13.7% to 14.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.0% to 20.1%. Varroc Engineering has the highest return on equity at 14.3%, while Maruti Suzuki has the fastest revenue growth at 20.1% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Carmaker, braking and lighting parts stocks bring together companies with a visible plan for the years ahead. Maruti Suzuki, ZF Commercial Vehicle Control Systems India and Varroc Engineering cover the largest car maker, a braking and control systems maker and a vehicle lighting maker.
This list covers three carmaker, braking and lighting parts stocks with complete current figures: Maruti Suzuki, ZF Commercial Vehicle Control Systems India and Varroc Engineering. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Carmaker, Braking and Lighting Parts Stocks?
Carmaker, braking and lighting parts stocks are listed companies that sell the most cars in India, supply braking and control systems for commercial vehicles and make lighting and body parts for vehicle brands. Their earnings depend on vehicle output, safety rules and input costs.
Carmaker, Braking and Lighting Parts Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Maruti Suzuki | 11,426 | 353,984 | 24.7 | 23.4 | 13.7 | 0.00 |
| ZF Commercial Vehicle Control Systems India | 2,103.4 | 24,345 | 48.8 | 36.9 | 14.0 | 0.01 |
| Varroc Engineering | 804.4 | 12,256 | 61.2 | 36.9 | 14.3 | 0.52 |
On valuation, all three trade at a P/E above their industry P/E, which reflects the growth the market already expects from them. Readers comparing carmaker, braking and lighting parts stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in carmaker, braking and lighting parts stocks can use the coming numbers to test whether growth is holding.
Why Do Carmaker, Braking and Lighting Parts Stocks Have a Strong Roadmap in India?
Carmaker, braking and lighting parts stocks have a strong roadmap in India because rising car sales, freight vehicle upgrades and stricter safety rules keep widening the market for these vehicle and parts makers.
- Market lead. A large car maker benefits from wide reach.
- Safety rules. New norms lift content per vehicle.
- Freight upgrades. Modern trucks need advanced braking systems.
Why Maruti Suzuki Features Among These Carmaker, Braking and Lighting Parts Stocks
Among the carmaker, braking and lighting parts stocks on this list, Maruti Suzuki is India’s largest passenger car maker, selling a wide range of hatchbacks, sedans and utility vehicles through a vast sales and service network, and it also exports cars to many countries.
In the June 2026 quarter, revenue grew 34.2% year on year to Rs 54,344 crore. Revenue rose from Rs 90,074 crore in FY22 to Rs 187,673 crore in FY26, a compound annual growth rate of 20.1%.
Net profit grew from Rs 3,880 crore in FY22 to Rs 14,680 crore in FY26, which works out to a compound annual growth rate of 39.5%. The company has a return on equity of 13.7%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 353,984 crore. The stock trades at a P/E of 24.7, above the industry P/E of 23.4.
Roadmap: The company is widening its utility vehicle range, adding hybrid and electric models and growing its exports from new capacity. A trusted brand and wide service reach support demand among first-time and repeat buyers.
What to watch: Follow monthly sales, utility vehicle mix, export volumes and progress on electric models.
Why ZF Commercial Vehicle Control Systems India Features Among These Carmaker, Braking and Lighting Parts Stocks
Among the vehicle and safety parts shares on this list, ZF Commercial Vehicle Control Systems India, earlier known as WABCO India, makes braking, stability and control systems for commercial vehicles as part of the ZF Group.
The company has a return on equity of 14.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 24,345 crore. The stock trades at a P/E of 48.8, above the industry P/E of 36.9.
Revenue rose from Rs 2,581 crore in FY22 to Rs 4,302 crore in FY26, a compound annual growth rate of 13.6%. Net profit grew from Rs 142 crore in FY22 to Rs 517 crore in FY26, which works out to a compound annual growth rate of 38.1%. In the June 2026 quarter, revenue grew 5.7% year on year to Rs 1,102 crore.
Roadmap: Safety rules that require advanced braking and stability systems increase content per truck and bus. The company also gains from its access to ZF’s global technology, which supports new product launches in India.
What to watch: Monitor commercial vehicle production and adoption of new safety systems.
Why Varroc Engineering Features Among These Carmaker, Braking and Lighting Parts Stocks
Among the three companies on this list, Varroc Engineering is a Maharashtra-based automotive component maker with a focus on exterior lighting systems, electrical and electronic parts and polymer products for two-wheeler, passenger car and commercial vehicle makers across the world.
Revenue rose from Rs 5,878 crore in FY22 to Rs 8,917 crore in FY26, a compound annual growth rate of 11.0%. Net profit for FY26 was Rs 230 crore, a net margin of 2.6%.
In the June 2026 quarter, revenue grew 29.9% year on year to Rs 2,640 crore. The company has a return on equity of 14.3%, a debt to equity ratio of 0.52 and a market capitalisation of Rs 12,256 crore. The stock trades at a P/E of 61.2, above the industry P/E of 36.9.
Roadmap: The company is growing its lighting business with advanced LED products and increasing content per vehicle in India and overseas. Orders from vehicle makers, including electric vehicle programmes, give visibility on future volumes.
What to watch: Monitor order wins in lighting and the growth of content per vehicle.
Maruti Suzuki vs ZF Commercial Vehicle Control Systems India vs Varroc Engineering on Key Financials
The table below sets the three carmaker, braking and lighting parts 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 |
|---|---|---|---|---|---|
| Maruti Suzuki | 90,074 | 187,673 | 20.1% | 14,680 | 7.8% |
| ZF Commercial Vehicle Control Systems India | 2,581 | 4,302 | 13.6% | 517 | 12.0% |
| Varroc Engineering | 5,878 | 8,917 | 11.0% | 230 | 2.6% |
Varroc Engineering posts the highest return on equity in this group at 14.3%. Maruti Suzuki combines the largest FY26 revenue at Rs 187,673 crore with the fastest revenue growth, a 20.1% compound annual rate. A useful habit with carmaker, braking and lighting parts stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Maruti Suzuki | 40,493 | 54,344 | 34.2% |
| ZF Commercial Vehicle Control Systems India | 1,042 | 1,102 | 5.7% |
| Varroc Engineering | 2,033 | 2,640 | 29.9% |
Key Risks to Check Before Investing in Carmaker, Braking and Lighting Parts Stocks
Every theme carries risks that deserve a check before any decision. For these carmaker, braking and lighting parts stocks, the main points are: Long-term vehicle and safety parts shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Production cycles. Vehicle output can vary with demand.
- Input costs. Metal and material prices can move margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
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 carmaker, braking and lighting parts stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Carmaker, Braking and Lighting Parts Stocks
Carmaker, braking and lighting parts stocks suit investors who prefer to study business strength before price moves. Maruti Suzuki, ZF Commercial Vehicle Control Systems India and Varroc Engineering each have a clear plan to grow. Based on the 29 October 2026 close, Maruti Suzuki trades at Rs 11,426, ZF Commercial Vehicle Control Systems India at Rs 2,103.4 and Varroc Engineering at Rs 804.4. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these carmaker, braking and lighting parts stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track carmaker, braking and lighting parts stocks, set price alerts and get research-backed stock ideas.
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 carmaker, braking and lighting parts stocks?
Ans. Carmaker, braking and lighting parts stocks are listed companies that sell the most cars in India, supply braking and control systems for commercial vehicles and make lighting and body parts for vehicle brands. Their earnings depend on vehicle output, safety rules and input costs. This list looks at three of them, Maruti Suzuki, ZF Commercial Vehicle Control Systems India and Varroc Engineering, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which carmaker, braking and lighting parts stocks are covered in this list?
Ans. This list covers Maruti Suzuki, ZF Commercial Vehicle Control Systems India and Varroc Engineering. Based on the 29 October 2026 close, Maruti Suzuki traded at Rs 11,426, ZF Commercial Vehicle Control Systems India at Rs 2,103.4 and Varroc Engineering at Rs 804.4. Their return on equity ranges from 13.7% to 14.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.0% to 20.1%.
Why do carmaker, braking and lighting parts stocks have a strong future roadmap in India?
Ans. Carmaker, braking and lighting parts stocks have a strong roadmap in India because rising car sales, freight vehicle upgrades and stricter safety rules keep widening the market for these vehicle and parts makers. The main drivers are as follows. Market lead. A large car maker benefits from wide reach. Safety rules. New norms lift content per vehicle. Freight upgrades. Modern trucks need advanced braking systems. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Maruti Suzuki performed financially?
Ans. Revenue rose from Rs 90,074 crore in FY22 to Rs 187,673 crore in FY26, a compound annual growth rate of 20.1%. Net profit grew from Rs 3,880 crore in FY22 to Rs 14,680 crore in FY26, which works out to a compound annual growth rate of 39.5%. In the June 2026 quarter, revenue grew 34.2% year on year to Rs 54,344 crore. The company has a return on equity of 13.7%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 353,984 crore. The stock trades at a P/E of 24.7, above the industry P/E of 23.4. Looking ahead, the company is widening its utility vehicle range, adding hybrid and electric models and growing its exports from new capacity. A trusted brand and wide service reach support demand among first-time and repeat buyers.
How has ZF Commercial Vehicle Control Systems India performed financially?
Ans. Revenue rose from Rs 2,581 crore in FY22 to Rs 4,302 crore in FY26, a compound annual growth rate of 13.6%. Net profit grew from Rs 142 crore in FY22 to Rs 517 crore in FY26, which works out to a compound annual growth rate of 38.1%. In the June 2026 quarter, revenue grew 5.7% year on year to Rs 1,102 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 24,345 crore. The stock trades at a P/E of 48.8, above the industry P/E of 36.9. Looking ahead, safety rules that require advanced braking and stability systems increase content per truck and bus. The company also gains from its access to ZF’s global technology, which supports new product launches in India.
How has Varroc Engineering performed financially?
Ans. Revenue rose from Rs 5,878 crore in FY22 to Rs 8,917 crore in FY26, a compound annual growth rate of 11.0%. Net profit for FY26 was Rs 230 crore, a net margin of 2.6%. In the June 2026 quarter, revenue grew 29.9% year on year to Rs 2,640 crore. The company has a return on equity of 14.3%, a debt to equity ratio of 0.52 and a market capitalisation of Rs 12,256 crore. The stock trades at a P/E of 61.2, above the industry P/E of 36.9. Looking ahead, the company is growing its lighting business with advanced LED products and increasing content per vehicle in India and overseas. Orders from vehicle makers, including electric vehicle programmes, give visibility on future volumes.
What risks should investors check before buying carmaker, braking and lighting parts stocks?
Ans. Investors should check a few risks before buying carmaker, braking and lighting parts stocks. Production cycles. Vehicle output can vary with demand. Input costs. Metal and material prices can move margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. 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 carmaker, braking and lighting parts stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 29 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.