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Maruti Suzuki India vs Hyundai Motor India: Which Stock Should You Track

  • August 6, 2026
  • Posted by: Ankit Jaiswal
  • Category: News
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Maruti Suzuki India vs Hyundai Motor India: Which Stock Should You Track

Maruti Suzuki MCap Rs 4,43,653 Cr, PE 30.95x, ROE 13.70%, zero debt. Hyundai Motor India MCap Rs 1,78,109 Cr, PE 35.98x, ROE 27.14%, D/E 0.05.

Maruti Suzuki India vs Hyundai Motor India is a comparison passenger vehicle investors look up when evaluating India’s two largest car makers. Maruti Suzuki is India’s largest passenger vehicle company by volume with over 40 percent market share, selling hatchbacks, sedans, SUVs and vans across the Maruti and Suzuki brands, while Hyundai Motor India listed in 2024 and is India’s second largest carmaker by volume, selling mid-premium hatchbacks, sedans and SUVs including Creta and Verna.

This Maruti Suzuki India vs Hyundai Motor India article covers reach and market position, key products, latest declared results and stock valuation. The Maruti Suzuki India vs Hyundai Motor India data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

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  • Maruti Suzuki India vs Hyundai Motor India: Reach and Market Position
  • Maruti Suzuki India vs Hyundai Motor India: Key Products and Business Mix
  • Maruti Suzuki India vs Hyundai Motor India: Latest Results
  • Maruti Suzuki India vs Hyundai Motor India: Stock and Valuation
  • Maruti Suzuki India vs Hyundai Motor India: Quick Comparison Table
  • Conclusion
  • Frequently Asked Questions
    • What is the main difference between Maruti Suzuki and Hyundai Motor India?
    • Which company has the higher ROE?
    • Which stock trades at a lower P/E?
    • When did Hyundai Motor India list?
    • Which company carries zero debt?
    • What risks apply to passenger vehicle companies?
    • Should I invest in Maruti Suzuki or Hyundai Motor India?

Maruti Suzuki India vs Hyundai Motor India: Reach and Market Position

On the Maruti Suzuki India side of the Maruti Suzuki India vs Hyundai Motor India comparison, Maruti Suzuki distributes through over 4,000 outlets including Arena and Nexa dealerships, covering urban and rural India. Market capitalisation is Rs 4,43,653 Cr.

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On the Hyundai Motor India side of the Maruti Suzuki India vs Hyundai Motor India comparison, Hyundai Motor India distributes through over 1,400 dealerships across India with a focus on mid-premium segments. It listed on NSE and BSE in October 2024. Market capitalisation is Rs 1,78,109 Cr.

Maruti Suzuki India vs Hyundai Motor India: Key Products and Business Mix

In the Maruti Suzuki India vs Hyundai Motor India product comparison, Maruti Suzuki India offers: Maruti Suzuki makes Wagon R, Swift, Dzire, Brezza, Grand Vitara, Jimny, Eeco and Ertiga across hatchback, sedan, SUV and van segments. Zero debt. P/E is 30.95x, ROE 13.70 percent, dividend yield 0.99 percent.

For Hyundai Motor India in this Maruti Suzuki India vs Hyundai Motor India breakdown: Hyundai Motor India makes Creta, Alcazar, Venue, i20, i10, Verna and Aura across hatchback, sedan and SUV categories with a mid-premium focus. P/E is 35.98x, ROE 27.14 percent, debt to equity 0.05.

Maruti Suzuki India vs Hyundai Motor India: Latest Results

The Maruti Suzuki India vs Hyundai Motor India results for Maruti Suzuki India: Maruti Suzuki has a market cap of Rs 4,43,653 Cr and P/E of 30.95x. ROE is 13.70 percent with zero debt. The company is over 2.5 times larger than Hyundai India by market cap.

The Maruti Suzuki India vs Hyundai Motor India results for Hyundai Motor India: Hyundai Motor India has a market cap of Rs 1,78,109 Cr and P/E of 35.98x. ROE is 27.14 percent — significantly higher than Maruti — reflecting a more profitable premium product mix.

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Maruti Suzuki India vs Hyundai Motor India: Stock and Valuation

The Maruti Suzuki India vs Hyundai Motor India stock comparison uses the latest available market data from Groww. Investors tracking Maruti Suzuki India vs Hyundai Motor India should verify current prices on NSE or BSE before trading.

Maruti Suzuki trades at a market cap of Rs 4,43,653 Cr and P/E of 30.95x with zero debt and ROE of 13.70 percent. Hyundai Motor India trades at Rs 1,78,109 Cr market cap and P/E of 35.98x with a much higher ROE of 27.14 percent, reflecting its premium product mix and higher average selling prices.

Maruti Suzuki India vs Hyundai Motor India: Quick Comparison Table

The Maruti Suzuki India vs Hyundai Motor India comparison table below summarises the key metrics covered in this article side by side.

Parameter Maruti Suzuki India Hyundai Motor India
Sector Passenger vehicles: mass market and mid-premium Passenger vehicles: mid to premium segments
Market Cap Rs 4,43,653 Cr Rs 1,78,109 Cr
P/E Ratio 30.95x 35.98x
ROE 13.70% 27.14%
Debt to Equity 0.00 0.05
Market share ~40% of India PV market ~14% of India PV market
Key models Wagon R, Swift, Brezza, Grand Vitara Creta, i20, Verna, Alcazar
Listed since 1990s October 2024 (IPO)

Conclusion

The Maruti Suzuki India vs Hyundai Motor India comparison above covers the key data points on reach, products, results and valuation. Maruti Suzuki India vs Hyundai Motor India are India’s two largest passenger vehicle companies. Maruti is far larger with dominant market share and zero debt at a lower P/E. Hyundai has a much higher ROE from its premium product mix and higher average selling prices. Investors should review volume market share, ASP trends and EV roadmap and consult a SEBI-registered advisor before investing.

Download the Univest iOS App or Univest Android App to track Maruti Suzuki India and Hyundai Motor India live price and get daily stock recommendations.

Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. 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

What is the main difference between Maruti Suzuki and Hyundai Motor India?

Ans. Maruti Suzuki has over 40 percent India PV market share across mass market and mid-premium segments with a Suzuki Japan backing. Hyundai Motor India is India’s second largest carmaker with a mid-to-premium focus including Creta and i20.

Which company has the higher ROE?

Ans. Hyundai Motor India has an ROE of 27.14 percent, much higher than Maruti Suzuki at 13.70 percent.

Which stock trades at a lower P/E?

Ans. Maruti Suzuki trades at 30.95x trailing earnings, lower than Hyundai Motor India at 35.98x.

When did Hyundai Motor India list?

Ans. Hyundai Motor India held its IPO in October 2024, listing on NSE and BSE as a separately listed entity from its Korean parent Hyundai Motor Company.

Which company carries zero debt?

Ans. Maruti Suzuki carries zero financial debt. Hyundai Motor India has minimal debt at 0.05.

What risks apply to passenger vehicle companies?

Ans. Both companies face risk from input material cost changes, competition from MG, Tata Motors and Kia, and long-term disruption from electric vehicles.

Should I invest in Maruti Suzuki or Hyundai Motor India?

Ans. Maruti is larger with zero debt and a dividend at a lower P/E. Hyundai has a higher ROE from its premium mix. Consult a SEBI-registered advisor before investing.



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Author: Ankit Jaiswal
Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.

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