3 Second Largest Car Maker, Leading Two Wheeler Brand and Suspension and Brake Systems Supplier Stocks With a Strong Future Roadmap: Hyundai Motor India, TVS Motor Company and Endurance Technologies

Hyundai Motor India, TVS Motor Company and Endurance Technologies: ROE of 13.9% to 31.6% and FY22 to FY26 revenue CAGR of 10.6% to 23.1%. Prices as of 28 Oct 2026.

Updated: 29 Oct 2026 • 12:56 pm

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The three car maker, two wheeler and parts stocks to watch are Hyundai Motor India, TVS Motor Company and Endurance Technologies. Their return on equity ranges from 13.9% to 31.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 23.1%. TVS Motor Company leads on both return on equity at 31.6% and revenue growth at 23.1% a year. Prices are based on the 28 October 2026 close, and this article is educational, not investment advice.

Car maker, two wheeler and parts stocks give investors a way to track businesses that sit close to everyday demand in India. Hyundai Motor India, TVS Motor Company and Endurance Technologies cover the second largest car maker, a leading two wheeler brand and a suspension and brake systems supplier.

This list covers three car maker, two wheeler and parts stocks with complete current figures: Hyundai Motor India, TVS Motor Company and Endurance Technologies. Every figure comes from the latest reported financials and the 28 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Car Maker, Two Wheeler and Parts Stocks?

Car maker, two wheeler and parts stocks are listed companies that make hatchbacks, sedans and sport utility vehicles, sell motorcycles, scooters and electric two wheelers, and supply suspension, braking and transmission parts to vehicle makers in India and Europe. Their earnings depend on vehicle demand, new launches and content per vehicle.

Car Maker, Two Wheeler and Parts Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Hyundai Motor India	1,866.9	150,645	30.4	23.4	27.1	0.05
TVS Motor Company	4,239.9	193,408	53.7	24.1	31.6	3.43
Endurance Technologies	2,298.6	33,317	34.4	36.9	13.9	0.19

On valuation, Endurance Technologies trades at a P/E below the industry P/E, while Hyundai Motor India and TVS Motor Company trade above it, which reflects the growth the market already expects. Readers comparing car maker, two wheeler and 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 car maker, two wheeler and parts stocks can use the coming numbers to test whether growth is holding.

Why Do Car Maker, Two Wheeler and Parts Stocks Have a Strong Roadmap in India?

Car maker, two wheeler and parts stocks have a strong roadmap in India because rising incomes, a steady shift toward utility vehicles and electric models and growing content per vehicle keep widening the market for these vehicle and parts makers.

Rising incomes. More households buy first vehicles and upgrades.
New launches. Fresh models widen the product range.
Parts content. Modern vehicles use more engineered components.

Why Hyundai Motor India Features Among These Car Maker, Two Wheeler and Parts Stocks

Among the car maker, two wheeler and parts stocks on this list, Hyundai Motor India is the country's second largest passenger vehicle maker by volume, selling hatchbacks, sedans and sport utility vehicles from its plant near Chennai and a new facility in Pune.

The company has a return on equity of 27.1%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 150,645 crore. The stock trades at a P/E of 30.4, above the industry P/E of 23.4.

Revenue rose from Rs 47,966 crore in FY22 to Rs 71,752 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 2,902 crore in FY22 to Rs 5,432 crore in FY26, which works out to a compound annual growth rate of 17.0%.

Roadmap: A strong sport utility vehicle line-up, a growing exports business and new capacity at the Pune plant add to volumes. The company is also working on electric models and hybrid options for the Indian market.

What to watch: Follow monthly sales, new model launches and the ramp-up of the Pune plant.

Why TVS Motor Company Features Among These Car Maker, Two Wheeler and Parts Stocks

Among the vehicle and supplier shares on this list, TVS Motor Company is a Chennai-based maker of motorcycles, scooters, mopeds, electric two-wheelers and three-wheelers, sold across India and in many international markets.

Revenue rose from Rs 24,388 crore in FY22 to Rs 56,092 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 731 crore in FY22 to Rs 3,186 crore in FY26, which works out to a compound annual growth rate of 44.5%.

In the June 2026 quarter, revenue grew 34.3% year on year to Rs 16,454 crore, while net profit rose 64.5% to Rs 1,058 crore. The company has a return on equity of 31.6%, a debt to equity ratio of 3.43 and a market capitalisation of Rs 193,408 crore. The stock trades at a P/E of 53.7, above the industry P/E of 24.1.

Roadmap: The company is widening its premium motorcycle and electric scooter range and growing exports to Africa, Latin America and Asia. A wide dealer and service network supports repeat demand across urban and rural markets.

What to watch: Follow monthly volumes, electric vehicle launches and export growth.

Why Endurance Technologies Features Among These Car Maker, Two Wheeler and Parts Stocks

Among the three companies on this list, Endurance Technologies is a Chhatrapati Sambhajinagar-based auto component maker that supplies suspension, brake systems, aluminium castings and transmission parts to two-wheeler, three-wheeler and car makers in India and Europe.

In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit rose 8.0% to Rs 245 crore. Revenue rose from Rs 7,590 crore in FY22 to Rs 14,720 crore in FY26, a compound annual growth rate of 18.0%.

Net profit grew from Rs 461 crore in FY22 to Rs 952 crore in FY26, which works out to a compound annual growth rate of 19.9%. The company has a return on equity of 13.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 33,317 crore. The stock trades at a P/E of 34.4, below the industry P/E of 36.9.

Roadmap: The company benefits from rising two-wheeler demand and from the move to anti-lock braking and premium suspension. Its European operations and growing business in electric vehicles widen its base.

What to watch: Track growth in braking and suspension content and the European business.

Hyundai Motor India vs TVS Motor Company vs Endurance Technologies on Key Financials

The table below sets the three car maker, two wheeler and 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
Hyundai Motor India	47,966	71,752	10.6%	5,432	7.6%
TVS Motor Company	24,388	56,092	23.1%	3,186	5.7%
Endurance Technologies	7,590	14,720	18.0%	952	6.5%

TVS Motor Company posts the highest return on equity in this group at 31.6%. Hyundai Motor India has the largest FY26 revenue at Rs 71,752 crore, and TVS Motor Company shows the fastest revenue growth with a 23.1% compound annual rate. A useful habit with car maker, two wheeler and parts stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Car Maker, Two Wheeler and Parts Stocks

Every theme carries risks that deserve a check before any decision. For these car maker, two wheeler and parts stocks, the main points are: Long-term vehicle and supplier 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 car maker, two wheeler and parts stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Car Maker, Two Wheeler and Parts Stocks

Car maker, two wheeler and parts stocks work best when investors track growth, valuation and return on equity side by side. Hyundai Motor India, TVS Motor Company and Endurance Technologies each have a clear plan to grow. Based on the 28 October 2026 close, Hyundai Motor India trades at Rs 1,866.9, TVS Motor Company at Rs 4,239.9 and Endurance Technologies at Rs 2,298.6. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these car maker, two wheeler and parts stocks to a watchlist.

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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 car maker, two wheeler and parts stocks?

Ans. Car maker, two wheeler and parts stocks are listed companies that make hatchbacks, sedans and sport utility vehicles, sell motorcycles, scooters and electric two wheelers, and supply suspension, braking and transmission parts to vehicle makers in India and Europe. Their earnings depend on vehicle demand, new launches and content per vehicle. This list looks at three of them, Hyundai Motor India, TVS Motor Company and Endurance Technologies, using reported FY22 to FY26 financials and the 28 October 2026 closing prices.

Which car maker, two wheeler and parts stocks are covered in this list?

Ans. This list covers Hyundai Motor India, TVS Motor Company and Endurance Technologies. Based on the 28 October 2026 close, Hyundai Motor India traded at Rs 1,866.9, TVS Motor Company at Rs 4,239.9 and Endurance Technologies at Rs 2,298.6. Their return on equity ranges from 13.9% to 31.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 23.1%.

Why do car maker, two wheeler and parts stocks have a strong future roadmap in India?

Ans. Car maker, two wheeler and parts stocks have a strong roadmap in India because rising incomes, a steady shift toward utility vehicles and electric models and growing content per vehicle keep widening the market for these vehicle and parts makers. The main drivers are as follows. Rising incomes. More households buy first vehicles and upgrades. New launches. Fresh models widen the product range. Parts content. Modern vehicles use more engineered components. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Hyundai Motor India performed financially?

Ans. Revenue rose from Rs 47,966 crore in FY22 to Rs 71,752 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 2,902 crore in FY22 to Rs 5,432 crore in FY26, which works out to a compound annual growth rate of 17.0%. The company has a return on equity of 27.1%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 150,645 crore. The stock trades at a P/E of 30.4, above the industry P/E of 23.4. Looking ahead, a strong sport utility vehicle line-up, a growing exports business and new capacity at the Pune plant add to volumes. The company is also working on electric models and hybrid options for the Indian market.

How has TVS Motor Company performed financially?

Ans. Revenue rose from Rs 24,388 crore in FY22 to Rs 56,092 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 731 crore in FY22 to Rs 3,186 crore in FY26, which works out to a compound annual growth rate of 44.5%. In the June 2026 quarter, revenue grew 34.3% year on year to Rs 16,454 crore, while net profit rose 64.5% to Rs 1,058 crore. The company has a return on equity of 31.6%, a debt to equity ratio of 3.43 and a market capitalisation of Rs 193,408 crore. The stock trades at a P/E of 53.7, above the industry P/E of 24.1. Looking ahead, the company is widening its premium motorcycle and electric scooter range and growing exports to Africa, Latin America and Asia. A wide dealer and service network supports repeat demand across urban and rural markets.

How has Endurance Technologies performed financially?

Ans. Revenue rose from Rs 7,590 crore in FY22 to Rs 14,720 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 461 crore in FY22 to Rs 952 crore in FY26, which works out to a compound annual growth rate of 19.9%. In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit rose 8.0% to Rs 245 crore. The company has a return on equity of 13.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 33,317 crore. The stock trades at a P/E of 34.4, below the industry P/E of 36.9. Looking ahead, the company benefits from rising two-wheeler demand and from the move to anti-lock braking and premium suspension. Its European operations and growing business in electric vehicles widen its base.

What risks should investors check before buying car maker, two wheeler and parts stocks?

Ans. Investors should check a few risks before buying car maker, two wheeler and 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 car maker, two wheeler and parts stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 28 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.