{"id":326246,"date":"2026-10-26T11:25:52","date_gmt":"2026-10-26T05:55:52","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326246"},"modified":"2026-10-26T11:25:52","modified_gmt":"2026-10-26T05:55:52","slug":"motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/","title":{"rendered":"3 Motorcycle and Three-Wheeler Exporter, Tractor and Equipment Maker and Utility and Cargo Vehicle Maker Stocks With a Strong Future Roadmap: Bajaj Auto, Escorts Kubota and Force Motors"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Bajaj Auto, Escorts Kubota and Force Motors: ROE of 10.9% to 27.7% and FY22 to FY26 revenue CAGR of 12.9% to 29.2%. Prices as of 23 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three three-wheeler, tractor and van maker stocks to watch are Bajaj Auto, Escorts Kubota and Force Motors. Their return on equity ranges from 10.9% to 27.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.9% to 29.2%. Bajaj Auto has the highest return on equity at 27.7%, while Force Motors has the fastest revenue growth at 29.2% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Three-wheeler, tractor and van maker stocks let investors follow companies that serve a growing part of the Indian economy. Bajaj Auto, Escorts Kubota and Force Motors cover a motorcycle and three-wheeler exporter, a tractor and equipment maker and a utility and cargo vehicle maker.<\/p>\n<p>This list covers three three-wheeler, tractor and van maker stocks with complete current figures: Bajaj Auto, Escorts Kubota and Force Motors. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#What_Are_Three-wheeler_Tractor_and_Van_Maker_Stocks\" title=\"What Are Three-wheeler, Tractor and Van Maker Stocks?\">What Are Three-wheeler, Tractor and Van Maker Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Three-wheeler_Tractor_and_Van_Maker_Stocks_at_a_Glance\" title=\"Three-wheeler, Tractor and Van Maker Stocks at a Glance\">Three-wheeler, Tractor and Van Maker Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Why_Do_Three-wheeler_Tractor_and_Van_Maker_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Three-wheeler, Tractor and Van Maker Stocks Have a Strong Roadmap in India?\">Why Do Three-wheeler, Tractor and Van Maker Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Why_Bajaj_Auto_Features_Among_These_Three-wheeler_Tractor_and_Van_Maker_Stocks\" title=\"Why Bajaj Auto Features Among These Three-wheeler, Tractor and Van Maker Stocks\">Why Bajaj Auto Features Among These Three-wheeler, Tractor and Van Maker Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Why_Escorts_Kubota_Features_Among_These_Three-wheeler_Tractor_and_Van_Maker_Stocks\" title=\"Why Escorts Kubota Features Among These Three-wheeler, Tractor and Van Maker Stocks\">Why Escorts Kubota Features Among These Three-wheeler, Tractor and Van Maker Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Why_Force_Motors_Features_Among_These_Three-wheeler_Tractor_and_Van_Maker_Stocks\" title=\"Why Force Motors Features Among These Three-wheeler, Tractor and Van Maker Stocks\">Why Force Motors Features Among These Three-wheeler, Tractor and Van Maker Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Bajaj_Auto_vs_Escorts_Kubota_vs_Force_Motors_on_Key_Financials\" title=\"Bajaj Auto vs Escorts Kubota vs Force Motors on Key Financials\">Bajaj Auto vs Escorts Kubota vs Force Motors on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Key_Risks_to_Check_Before_Investing_in_Three-wheeler_Tractor_and_Van_Maker_Stocks\" title=\"Key Risks to Check Before Investing in Three-wheeler, Tractor and Van Maker Stocks\">Key Risks to Check Before Investing in Three-wheeler, Tractor and Van Maker Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Final_Thoughts_on_Three-wheeler_Tractor_and_Van_Maker_Stocks\" title=\"Final Thoughts on Three-wheeler, Tractor and Van Maker Stocks\">Final Thoughts on Three-wheeler, Tractor and Van Maker Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#What_are_three-wheeler_tractor_and_van_maker_stocks\" title=\"What are three-wheeler, tractor and van maker stocks?\">What are three-wheeler, tractor and van maker stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Which_three-wheeler_tractor_and_van_maker_stocks_are_covered_in_this_list\" title=\"Which three-wheeler, tractor and van maker stocks are covered in this list?\">Which three-wheeler, tractor and van maker stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Why_do_three-wheeler_tractor_and_van_maker_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do three-wheeler, tractor and van maker stocks have a strong future roadmap in India?\">Why do three-wheeler, tractor and van maker stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#How_has_Bajaj_Auto_performed_financially\" title=\"How has Bajaj Auto performed financially?\">How has Bajaj Auto performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#How_has_Escorts_Kubota_performed_financially\" title=\"How has Escorts Kubota performed financially?\">How has Escorts Kubota performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#How_has_Force_Motors_performed_financially\" title=\"How has Force Motors performed financially?\">How has Force Motors performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#What_risks_should_investors_check_before_buying_three-wheeler_tractor_and_van_maker_stocks\" title=\"What risks should investors check before buying three-wheeler, tractor and van maker stocks?\">What risks should investors check before buying three-wheeler, tractor and van maker stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/motorcycle-and-three-wheeler-exporter-tractor-and-equipment-maker-and-utility-and-cargo-vehicle-maker-stocks-roadmap-lodestar-list\/#Is_this_list_of_three-wheeler_tractor_and_van_maker_stocks_investment_advice\" title=\"Is this list of three-wheeler, tractor and van maker stocks investment advice?\">Is this list of three-wheeler, tractor and van maker stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Three-wheeler_Tractor_and_Van_Maker_Stocks\"><\/span><strong>What Are Three-wheeler, Tractor and Van Maker Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three-wheeler, tractor and van maker stocks are listed companies that make three-wheelers, tractors, construction equipment and commercial vans. Their earnings depend on farm and freight demand, export orders and the share of newer products.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Three-wheeler_Tractor_and_Van_Maker_Stocks_at_a_Glance\"><\/span><strong>Three-wheeler, Tractor and Van Maker Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/bajaj\/bajaj-auto-ltd-share-price-today\">Bajaj Auto<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,072<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">277,002<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.58<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/escorts\/escorts-kubota-ltd-share-price-today\">Escorts Kubota<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,627<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29,460<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/forcemot\/force-motors-ltd-share-price-today\">Force Motors<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,400<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23,296<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Escorts Kubota and Force Motors trade at a P\/E below the industry P\/E, while Bajaj Auto trades above it, which reflects the growth the market already expects. Readers comparing three-wheeler, tractor and van maker stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Three-wheeler_Tractor_and_Van_Maker_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Three-wheeler, Tractor and Van Maker Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three-wheeler, tractor and van maker stocks have a strong roadmap in India because farm mechanisation, last-mile freight needs and strong export demand keep widening the market for commercial and farm vehicles.<\/p>\n<ul>\n<li><strong>Farm mechanisation.<\/strong> Farmers adopt tractors and equipment to raise productivity.<\/li>\n<li><strong>Last-mile freight.<\/strong> Three-wheelers and vans serve fast-growing delivery needs.<\/li>\n<li><strong>Export markets.<\/strong> Overseas buyers add steady orders.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Bajaj_Auto_Features_Among_These_Three-wheeler_Tractor_and_Van_Maker_Stocks\"><\/span><strong>Why Bajaj Auto Features Among These Three-wheeler, Tractor and Van Maker Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three-wheeler, tractor and van maker stocks on this list, Bajaj Auto makes motorcycles, three-wheelers and electric vehicles, and it sells a large share of its output to export markets across Africa, Latin America and Asia.<\/p>\n<p>Revenue rose from Rs 34,429 crore in FY22 to Rs 65,087 crore in FY26, a compound annual growth rate of 17.3%. Net profit grew from Rs 6,166 crore in FY22 to Rs 10,574 crore in FY26, which works out to a compound annual growth rate of 14.4%.<\/p>\n<p>The company has a return on equity of 27.7%, a debt to equity ratio of 0.58 and a market capitalisation of Rs 277,002 crore. The stock trades at a P\/E of 24.0, above the industry P\/E of 23.4.<\/p>\n<p><strong>Roadmap:<\/strong> The company is growing its premium motorcycle and electric three-wheeler ranges and widening its export reach. A strong presence in commercial three-wheelers adds steady demand.<\/p>\n<p><strong>What to watch:<\/strong> Follow export volumes, premium motorcycle mix and electric vehicle growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Escorts_Kubota_Features_Among_These_Three-wheeler_Tractor_and_Van_Maker_Stocks\"><\/span><strong>Why Escorts Kubota Features Among These Three-wheeler, Tractor and Van Maker Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the export-led vehicle company 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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Track tractor volumes, monsoon trends and growth in construction equipment and railway components.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Force_Motors_Features_Among_These_Three-wheeler_Tractor_and_Van_Maker_Stocks\"><\/span><strong>Why Force Motors Features Among These Three-wheeler, Tractor and Van Maker Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Force Motors, based in Pune, makes light commercial vehicles such as the Traveller and Gurkha, and supplies engines and axles to global carmakers.<\/p>\n<p>Revenue rose from Rs 3,292 crore in FY22 to Rs 9,168 crore in FY26, a compound annual growth rate of 29.2%. Net profit grew from Rs 801 crore in FY25 to Rs 1,212 crore in FY26, a rise of 51.3%.<\/p>\n<p>In the June 2026 quarter, revenue grew 6.7% year on year to Rs 2,478 crore, while net profit rose 22.8% to Rs 217 crore. The company has a return on equity of 25.2%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 23,296 crore. The stock trades at a P\/E of 18.6, below the industry P\/E of 24.1.<\/p>\n<p><strong>Roadmap:<\/strong> Its traveller and ambulance range, defence vehicle supply and contract manufacturing for international partners give it several growth routes. It has no debt on its books, which leaves room for investment in new models.<\/p>\n<p><strong>What to watch:<\/strong> Track order flow from state transport and defence customers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Auto_vs_Escorts_Kubota_vs_Force_Motors_on_Key_Financials\"><\/span><strong>Bajaj Auto vs Escorts Kubota vs Force Motors on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three three-wheeler, tractor and van maker stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Bajaj Auto<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34,429<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">65,087<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,574<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Escorts Kubota<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,456<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,107<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,366<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Force Motors<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,292<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,168<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,212<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Bajaj Auto posts the highest return on equity in this group at 27.7%. Bajaj Auto has the largest FY26 revenue at Rs 65,087 crore, and Force Motors shows the fastest revenue growth with a 29.2% compound annual rate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Three-wheeler_Tractor_and_Van_Maker_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Three-wheeler, Tractor and Van Maker Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these three-wheeler, tractor and van maker stocks, the main points are:<\/p>\n<ul>\n<li><strong>Monsoon.<\/strong> Weather can change tractor and farm equipment demand.<\/li>\n<li><strong>Input costs.<\/strong> Steel and component prices influence margins.<\/li>\n<li><strong>Freight cycle.<\/strong> Commercial vehicle demand follows economic activity.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter three-wheeler, tractor and van maker stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Three-wheeler_Tractor_and_Van_Maker_Stocks\"><\/span><strong>Final Thoughts on Three-wheeler, Tractor and Van Maker Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three-wheeler, tractor and van maker stocks reward investors who follow demand trends, order books and margins together. Bajaj Auto, Escorts Kubota and Force Motors each serve a clear mobility and farm need. Based on the 23 October 2026 close, Bajaj Auto trades at Rs 10,072, Escorts Kubota at Rs 2,627 and Force Motors at Rs 16,400.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track three-wheeler, tractor and van maker stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_three-wheeler_tractor_and_van_maker_stocks\"><\/span><strong>What are three-wheeler, tractor and van maker stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Three-wheeler, tractor and van maker stocks are listed companies that make three-wheelers, tractors, construction equipment and commercial vans. Their earnings depend on farm and freight demand, export orders and the share of newer products. This list looks at three of them, Bajaj Auto, Escorts Kubota and Force Motors, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_three-wheeler_tractor_and_van_maker_stocks_are_covered_in_this_list\"><\/span><strong>Which three-wheeler, tractor and van maker stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Bajaj Auto, Escorts Kubota and Force Motors. Based on the 23 October 2026 close, Bajaj Auto traded at Rs 10,072, Escorts Kubota at Rs 2,627 and Force Motors at Rs 16,400. Their return on equity ranges from 10.9% to 27.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.9% to 29.2%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_three-wheeler_tractor_and_van_maker_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do three-wheeler, tractor and van maker stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Three-wheeler, tractor and van maker stocks have a strong roadmap in India because farm mechanisation, last-mile freight needs and strong export demand keep widening the market for commercial and farm vehicles. The main drivers are as follows. Farm mechanisation. Farmers adopt tractors and equipment to raise productivity. Last-mile freight. Three-wheelers and vans serve fast-growing delivery needs. Export markets. Overseas buyers add steady orders. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Bajaj_Auto_performed_financially\"><\/span><strong>How has Bajaj Auto performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 34,429 crore in FY22 to Rs 65,087 crore in FY26, a compound annual growth rate of 17.3%. Net profit grew from Rs 6,166 crore in FY22 to Rs 10,574 crore in FY26, which works out to a compound annual growth rate of 14.4%. The company has a return on equity of 27.7%, a debt to equity ratio of 0.58 and a market capitalisation of Rs 277,002 crore. The stock trades at a P\/E of 24.0, above the industry P\/E of 23.4. Looking ahead, the company is growing its premium motorcycle and electric three-wheeler ranges and widening its export reach. A strong presence in commercial three-wheelers adds steady demand.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Escorts_Kubota_performed_financially\"><\/span><strong>How has Escorts Kubota performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Force_Motors_performed_financially\"><\/span><strong>How has Force Motors performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 3,292 crore in FY22 to Rs 9,168 crore in FY26, a compound annual growth rate of 29.2%. Net profit grew from Rs 801 crore in FY25 to Rs 1,212 crore in FY26, a rise of 51.3%. In the June 2026 quarter, revenue grew 6.7% year on year to Rs 2,478 crore, while net profit rose 22.8% to Rs 217 crore. The company has a return on equity of 25.2%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 23,296 crore. The stock trades at a P\/E of 18.6, below the industry P\/E of 24.1. Looking ahead, its traveller and ambulance range, defence vehicle supply and contract manufacturing for international partners give it several growth routes. It has no debt on its books, which leaves room for investment in new models.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_three-wheeler_tractor_and_van_maker_stocks\"><\/span><strong>What risks should investors check before buying three-wheeler, tractor and van maker stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying three-wheeler, tractor and van maker stocks. Monsoon. Weather can change tractor and farm equipment demand. Input costs. Steel and component prices influence margins. Freight cycle. Commercial vehicle demand follows economic activity. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_three-wheeler_tractor_and_van_maker_stocks_investment_advice\"><\/span><strong>Is this list of three-wheeler, tractor and van maker stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are three-wheeler, tractor and van maker stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Three-wheeler, tractor and van maker stocks are listed companies that make three-wheelers, tractors, construction equipment and commercial vans. Their earnings depend on farm and freight demand, export orders and the share of newer products. This list looks at three of them, Bajaj Auto, Escorts Kubota and Force Motors, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which three-wheeler, tractor and van maker stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Bajaj Auto, Escorts Kubota and Force Motors. Based on the 23 October 2026 close, Bajaj Auto traded at Rs 10,072, Escorts Kubota at Rs 2,627 and Force Motors at Rs 16,400. Their return on equity ranges from 10.9% to 27.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.9% to 29.2%.\"}},{\"@type\":\"Question\",\"name\":\"Why do three-wheeler, tractor and van maker stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Three-wheeler, tractor and van maker stocks have a strong roadmap in India because farm mechanisation, last-mile freight needs and strong export demand keep widening the market for commercial and farm vehicles. The main drivers are as follows. Farm mechanisation. Farmers adopt tractors and equipment to raise productivity. Last-mile freight. Three-wheelers and vans serve fast-growing delivery needs. Export markets. Overseas buyers add steady orders. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Bajaj Auto performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 34,429 crore in FY22 to Rs 65,087 crore in FY26, a compound annual growth rate of 17.3%. Net profit grew from Rs 6,166 crore in FY22 to Rs 10,574 crore in FY26, which works out to a compound annual growth rate of 14.4%. The company has a return on equity of 27.7%, a debt to equity ratio of 0.58 and a market capitalisation of Rs 277,002 crore. The stock trades at a P\/E of 24.0, above the industry P\/E of 23.4. Looking ahead, the company is growing its premium motorcycle and electric three-wheeler ranges and widening its export reach. A strong presence in commercial three-wheelers adds steady demand.\"}},{\"@type\":\"Question\",\"name\":\"How has Escorts Kubota performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has Force Motors performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 3,292 crore in FY22 to Rs 9,168 crore in FY26, a compound annual growth rate of 29.2%. Net profit grew from Rs 801 crore in FY25 to Rs 1,212 crore in FY26, a rise of 51.3%. In the June 2026 quarter, revenue grew 6.7% year on year to Rs 2,478 crore, while net profit rose 22.8% to Rs 217 crore. The company has a return on equity of 25.2%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 23,296 crore. The stock trades at a P\/E of 18.6, below the industry P\/E of 24.1. Looking ahead, its traveller and ambulance range, defence vehicle supply and contract manufacturing for international partners give it several growth routes. It has no debt on its books, which leaves room for investment in new models.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying three-wheeler, tractor and van maker stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying three-wheeler, tractor and van maker stocks. Monsoon. Weather can change tractor and farm equipment demand. Input costs. Steel and component prices influence margins. Freight cycle. Commercial vehicle demand follows economic activity. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of three-wheeler, tractor and van maker stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Three-wheeler, Tractor and Van Maker Stocks with a strong future roadmap: Bajaj Auto, Escorts Kubota and Force Motors. Compare price, valuation, return on equity and revenue growth as of 23 October 2026.<\/p>\n","protected":false},"author":34,"featured_media":326245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[7025,3803,6964,15786,15787,8969,15784,15785],"class_list":["post-326246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-bajaj-auto","tag-best-stocks","tag-escorts-kubota","tag-export-led-vehicle-company-shares","tag-farm-and-cargo-vehicle-stocks","tag-force-motors","tag-three-wheeler","tag-tractor-and-van-maker-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326245"],"rank_math_title":["Three-Wheeler, Tractor and Van Maker Stocks"],"rank_math_description":["Compare 3 three-wheeler, tractor and van maker stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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