3 Largest Motorcycle Maker, Tractors and Railway Equipment Producer and Largest Passenger Car Seller Stocks With a Strong Future Roadmap: Hero MotoCorp, Escorts Kubota and Maruti Suzuki
- October 26, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Hero MotoCorp, Escorts Kubota and Maruti Suzuki: ROE of 10.9% to 26.6% and FY22 to FY26 revenue CAGR of 12.6% to 20.1%. Prices as of 23 Oct 2026.
Quick Answer
The three motorcycle, tractor and passenger car stocks to watch are Hero MotoCorp, Escorts Kubota and Maruti Suzuki. Their return on equity ranges from 10.9% to 26.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.6% to 20.1%. Hero MotoCorp has the highest return on equity at 26.6%, while Maruti Suzuki has the fastest revenue growth at 20.1% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Motorcycle, tractor and passenger car stocks let investors follow companies that serve a growing part of the Indian economy. Hero MotoCorp, Escorts Kubota and Maruti Suzuki cover a largest motorcycle maker, a tractors and railway equipment producer and a largest passenger car seller.
This list covers three motorcycle, tractor and passenger car stocks with complete current figures: Hero MotoCorp, Escorts Kubota and Maruti Suzuki. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are Motorcycle, Tractor and Passenger Car Stocks?
Motorcycle, tractor and passenger car stocks are listed vehicle makers that sell motorcycles, scooters, tractors and cars across India and in export markets. Their earnings depend on rural demand, new launches, exports and input costs.
Motorcycle, Tractor and Passenger Car Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Hero MotoCorp | 5,047 | 100,778 | 18.4 | 23.4 | 26.6 | 0.04 |
| Escorts Kubota | 2,627 | 29,460 | 21.3 | 23.4 | 10.9 | 0.01 |
| Maruti Suzuki | 11,230 | 353,984 | 24.7 | 23.4 | 13.7 | 0.00 |
On valuation, Hero MotoCorp and Escorts Kubota trade at a P/E below the industry P/E, while Maruti Suzuki trades above it, which reflects the growth the market already expects. Readers comparing motorcycle, tractor and passenger car stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Motorcycle, Tractor and Passenger Car Stocks Have a Strong Roadmap in India?
Motorcycle, tractor and passenger car stocks have a strong roadmap in India because rising rural incomes, new model launches and electric vehicle plans keep lifting demand across vehicle segments.
- Rural demand. Farm incomes lift motorcycle and tractor sales.
- New launches. Fresh models widen the buyer base.
- Exports. Overseas sales add volume.
Why Hero MotoCorp Features Among These Motorcycle, Tractor and Passenger Car Stocks
Among the motorcycle, tractor and passenger car stocks on this list, Hero MotoCorp is one of the world’s largest two-wheeler makers by volume, selling motorcycles and scooters across India through a vast network of dealers and service points, and it also exports to several markets.
In the June 2026 quarter, revenue grew 35.4% year on year to Rs 13,586 crore. Revenue rose from Rs 30,106 crore in FY22 to Rs 48,469 crore in FY26, a compound annual growth rate of 12.6%.
Net profit grew from Rs 2,329 crore in FY22 to Rs 5,776 crore in FY26, which works out to a compound annual growth rate of 25.5%. The company has a return on equity of 26.6%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 100,778 crore. The stock trades at a P/E of 18.4, below the industry P/E of 23.4.
Roadmap: The company is widening its premium motorcycle range, building an electric vehicle presence and growing its exports. Its large rural and semi-urban reach supports demand when household spending improves.
What to watch: Track monthly volumes, premium mix, electric vehicle progress and rural demand.
Why Escorts Kubota Features Among These Motorcycle, Tractor and Passenger Car Stocks
Among the two-wheeler maker shares on this list, Escorts Kubota makes tractors, construction equipment and railway components, and it sells farm machinery under the Farmtrac, Powertrac and Kubota brands in India and overseas.
The company has a return on equity of 10.9%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 29,460 crore. The stock trades at a P/E of 21.3, below the industry P/E of 23.4.
Revenue rose from Rs 7,456 crore in FY22 to Rs 12,107 crore in FY26, a compound annual growth rate of 12.9%. Net profit grew from Rs 736 crore in FY22 to Rs 1,366 crore in FY26, which works out to a compound annual growth rate of 16.7%. In the June 2026 quarter, revenue grew 28.6% year on year to Rs 3,415 crore.
Roadmap: The company is expanding its tractor range and export reach and growing its construction equipment and railway segments. Farm mechanisation and infrastructure spending support demand.
What to watch: Track tractor volumes, monsoon trends and growth in construction equipment and railway components.
Why Maruti Suzuki Features Among These Motorcycle, Tractor and Passenger Car Stocks
Among the three companies 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.
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.
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.
Hero MotoCorp vs Escorts Kubota vs Maruti Suzuki on Key Financials
The table below sets the three motorcycle, tractor and passenger car 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 |
|---|---|---|---|---|---|
| Hero MotoCorp | 30,106 | 48,469 | 12.6% | 5,776 | 11.9% |
| Escorts Kubota | 7,456 | 12,107 | 12.9% | 1,366 | 11.3% |
| Maruti Suzuki | 90,074 | 187,673 | 20.1% | 14,680 | 7.8% |
Hero MotoCorp posts the highest return on equity in this group at 26.6%. 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 motorcycle, tractor and passenger car 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 |
|---|---|---|---|
| Hero MotoCorp | 10,038 | 13,586 | 35.4% |
| Escorts Kubota | 2,656 | 3,415 | 28.6% |
| Maruti Suzuki | 40,493 | 54,344 | 34.2% |
Key Risks to Check Before Investing in Motorcycle, Tractor and Passenger Car Stocks
Every theme carries risks that deserve a check before any decision. For these motorcycle, tractor and passenger car stocks, the main points are: Long-term two-wheeler maker shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Input costs. Steel and commodity prices affect margins.
- Demand cycles. Vehicle sales follow festive and rural spending.
- Competition. Many brands compete for buyers.
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 motorcycle, tractor and passenger car stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Motorcycle, Tractor and Passenger Car Stocks
Motorcycle, tractor and passenger car stocks reward investors who follow demand trends, order books and margins together. Hero MotoCorp, Escorts Kubota and Maruti Suzuki each have a clear plan to expand. Based on the 23 October 2026 close, Hero MotoCorp trades at Rs 5,047, Escorts Kubota at Rs 2,627 and Maruti Suzuki at Rs 11,230.
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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 motorcycle, tractor and passenger car stocks?
Ans. Motorcycle, tractor and passenger car stocks are listed vehicle makers that sell motorcycles, scooters, tractors and cars across India and in export markets. Their earnings depend on rural demand, new launches, exports and input costs. This list looks at three of them, Hero MotoCorp, Escorts Kubota and Maruti Suzuki, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which motorcycle, tractor and passenger car stocks are covered in this list?
Ans. This list covers Hero MotoCorp, Escorts Kubota and Maruti Suzuki. Based on the 23 October 2026 close, Hero MotoCorp traded at Rs 5,047, Escorts Kubota at Rs 2,627 and Maruti Suzuki at Rs 11,230. Their return on equity ranges from 10.9% to 26.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.6% to 20.1%.
Why do motorcycle, tractor and passenger car stocks have a strong future roadmap in India?
Ans. Motorcycle, tractor and passenger car stocks have a strong roadmap in India because rising rural incomes, new model launches and electric vehicle plans keep lifting demand across vehicle segments. The main drivers are as follows. Rural demand. Farm incomes lift motorcycle and tractor sales. New launches. Fresh models widen the buyer base. Exports. Overseas sales add volume. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Hero MotoCorp performed financially?
Ans. Revenue rose from Rs 30,106 crore in FY22 to Rs 48,469 crore in FY26, a compound annual growth rate of 12.6%. Net profit grew from Rs 2,329 crore in FY22 to Rs 5,776 crore in FY26, which works out to a compound annual growth rate of 25.5%. In the June 2026 quarter, revenue grew 35.4% year on year to Rs 13,586 crore. The company has a return on equity of 26.6%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 100,778 crore. The stock trades at a P/E of 18.4, below the industry P/E of 23.4. Looking ahead, the company is widening its premium motorcycle range, building an electric vehicle presence and growing its exports. Its large rural and semi-urban reach supports demand when household spending improves.
How has Escorts Kubota performed financially?
Ans. Revenue rose from Rs 7,456 crore in FY22 to Rs 12,107 crore in FY26, a compound annual growth rate of 12.9%. Net profit grew from Rs 736 crore in FY22 to Rs 1,366 crore in FY26, which works out to a compound annual growth rate of 16.7%. In the June 2026 quarter, revenue grew 28.6% year on year to Rs 3,415 crore. The company has a return on equity of 10.9%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 29,460 crore. The stock trades at a P/E of 21.3, below the industry P/E of 23.4. Looking ahead, the company is expanding its tractor range and export reach and growing its construction equipment and railway segments. Farm mechanisation and infrastructure spending support demand.
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.
What risks should investors check before buying motorcycle, tractor and passenger car stocks?
Ans. Investors should check a few risks before buying motorcycle, tractor and passenger car stocks. Input costs. Steel and commodity prices affect margins. Demand cycles. Vehicle sales follow festive and rural spending. Competition. Many brands compete for buyers. 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 motorcycle, tractor and passenger car stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 23 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.
