Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Auto - 2 & 3 Wheelers Stocks in India

Auto - 2 & 3 Wheelers: Bajaj Auto Ltd owns the largest revenue base; Ather Energy Ltd has the fastest current growth.

01 · the index people search for

Nifty Auto - 2 & 3 Wheelers Index — Constituents & Performance

The Auto - 2 & 3 Wheelers companies below are the listed Indian Auto - 2 & 3 Wheelers universe this page tracks — the same constituent set people search for as the Nifty Auto - 2 & 3 Wheelers index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading.

02 · the sector itself · before any single company

How has Auto - 2 & 3 Wheelers moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 20% ahead of NIFTY 500. Earnings across its companies grew 32% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.

LEADER · ahead 17w✓Price and the fundamentals both up5 of 8 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑17w · 8/8 >200d (+1) · 5/8 lead (−1) · EPS 7/8↑

20050020262025202420232022 642333 TRAILING 12-MONTH EPS · 100 AT THE START0100190Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 25.2% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 113, against 100 at the start · up 38.2% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 33.2% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 125, against 100 at the start · up 35.3% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 132, against 100 at the start · up 23.2% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 138, against 100 at the start · up 15.2% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 151, against 100 at the start · up 17.5% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 158, against 100 at the start · up 17.9% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 170, against 100 at the start · up 23.6% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 183, against 100 at the start · up 25.8% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 190, against 100 at the start · up 33.1% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 181, against 100 at the start · up 43.8% on a year ago · 3 reporting · thin coverageNot reported yet — earnings trail price by a quarter or two181No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 642333 TRAILING 12-MONTH EPS · 100 AT THE START0100190Jun 24Jun 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 25.2% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 113, against 100 at the start · up 38.2% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 33.2% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 125, against 100 at the start · up 35.3% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 132, against 100 at the start · up 23.2% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 138, against 100 at the start · up 15.2% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 151, against 100 at the start · up 17.5% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 158, against 100 at the start · up 17.9% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 170, against 100 at the start · up 23.6% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 183, against 100 at the start · up 25.8% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 190, against 100 at the start · up 33.1% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 181, against 100 at the start · up 43.8% on a year ago · 3 reporting · thin coverageNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Auto - 2 & 3 Wheelers, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 8 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Auto - 2 & 3 Wheelers outperforming NIFTY 500?

Auto - 2 & 3 Wheelers has outperformed NIFTY 500 by 35.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 12.4%. 6 of 8 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Ather Energy Ltd is the strongest against the sector itself at +44%.

+12.4%Sector vs NIFTY 500 · 13 weeks
+35.8%Sector vs NIFTY 500 · 52 weeks
6/8Stocks leading NIFTY 500
5/8Stocks leading sector

Sector metric: 48.6 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Auto - 2 & 3 Wheelers has outperformed NIFTY 500 by 35.8% over 52 weeks and 12.4% over 13 weeks. 6 of 8 covered companies beat NIFTY on Mansfield relative strength, while 5 of 8 beat the sector itself. Bajaj Auto Ltd leads with revenue of ₹71,460 crore, based on 8 of 8 comparable companies through Jun 2026.

Companies
8
complete canonical membership
Combined market value
₹9.1 L Cr
Bajaj Auto Ltd
Revenue growing
7/8
positive TTM year-on-year growth
Beating NIFTY 500
6/8
positive Mansfield relative strength
Comparing 5 of 8
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Hero MotoCorp Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 89.6% evidence confidence.
Eicher Motors Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Hero MotoCorp LtdHEROMOTOCO 69.5/100Favorable setup90% evidence TURNING 19.2/35 Revenue 15.8% · PAT 32% · OPM change 0 pp 88% evidence 21.4/25 ROCE 35.2% · OPM 14% 100% evidence 19.6/20 P/E 18.8× · PEG 0.56 100% evidence 9.3/20 RS sector 3.1% · RS bench -0.8% · 1Y 27.3%0 of 10 weeks ahead 70% evidence
Exact sum: 19.2 + 21.4 + 19.6 + 9.3 = 69.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Bajaj Auto LtdBAJAJ-AUTO 65.5/100Favorable setup82% evidence BREAKING OUT 21.7/35 Revenue 36.9% · PAT 52.1% · OPM change 0 pp 95% evidence 19.0/25 ROCE 28.2% · OPM 21% 76% evidence 8.6/20 P/E 26.9× · PEG — 50% evidence 16.2/20 RS sector 5.4% · RS bench 19.6% · 1Y 42.7%6 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 19 + 8.6 + 16.2 = 65.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Eicher Motors LtdEICHERMOT 62.3/100Mixed-positive evidence76% evidence TURNING 17.2/35 Revenue 28.1% · PAT 19.4% · OPM change 0 pp 95% evidence 20.4/25 ROCE 30.5% · OPM 24% 76% evidence 10.4/20 P/E 37× · PEG — 50% evidence 14.3/20 RS sector 5.7% · RS bench 8.6% · 1Y 44.2%1 of 9 weeks ahead 70% evidence
Exact sum: 17.2 + 20.4 + 10.4 + 14.3 = 62.3 · Decision use: Price leads the evidence: RS versus the benchmark is 8.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4TVS Motor Company LtdTVSMOTOR 62.0/100Mixed-positive evidence82% evidence TURNING 21.5/35 Revenue 30.5% · PAT 41.9% · OPM change -1 pp 95% evidence 15.6/25 ROCE 17.4% · OPM 14% 76% evidence 8.3/20 P/E 59.2× · PEG — 50% evidence 16.6/20 RS sector 5% · RS bench 19.3% · 1Y 55.5%2 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 15.6 + 8.3 + 16.6 = 62 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Atul Auto LtdATULAUTO 54.8/100Mixed-positive evidence76% evidence FADING 25.1/35 Revenue 14.1% · PAT 100% · OPM change 4 pp 83% evidence 12.8/25 ROCE 11.4% · OPM 11% 95% evidence 9.7/20 P/E 33.1× · PEG — 15% evidence 7.2/20 RS sector -3.7% · RS bench 9.3% · 1Y 12.7%4 of 12 weeks ahead 100% evidence
Exact sum: 25.1 + 12.8 + 9.7 + 7.2 = 54.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Ather Energy LtdATHERENERG 51.4/100Mixed-positive evidence68% evidence LEADER 26.4/35 Revenue 62.9% · PAT 36.3% · OPM change 19 pp 65% evidence 1.0/25 ROCE -19.8% · OPM -6% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 14.0/20 RS sector 44% · RS bench 62% · 1Y 277%12 of 12 weeks ahead 100% evidence
Exact sum: 26.4 + 1 + 10 + 14 = 51.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Munjal Showa LtdMUNJALSHOW 33.7/100Adverse evidence83% evidence BREAKING OUT 12.1/35 Revenue 5.2% · PAT -24.3% · OPM change -2.4 pp 83% evidence 7.3/25 ROCE 4.7% · OPM 0% 95% evidence 7.7/20 P/E 23.4× · PEG — 50% evidence 6.6/20 RS sector -8.1% · RS bench 4.6% · 1Y -8.4%5 of 12 weeks ahead 100% evidence
Exact sum: 12.1 + 7.3 + 7.7 + 6.6 = 33.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Ola Electric Mobility LtdOLAELEC 26.5/100Adverse evidence62% evidence TURNING 11.8/35 Revenue -50.1% · PAT 19.5% · OPM change 8 pp 65% evidence 1.7/25 ROCE -19.6% · OPM -106% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 3.0/20 RS sector -43.9% · RS bench -5.2% · 1Y -6.2%7 of 10 weeks ahead 70% evidence
Exact sum: 11.8 + 1.7 + 10 + 3 = 26.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Ather Energy Ltd has the strongest one-year price move in Auto - 2 & 3 Wheelers at +277%. It also leads on Mansfield relative strength against NIFTY at +62%. 6 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Bajaj Auto Ltd has the highest Revenue among the 8 Auto - 2 & 3 Wheelers companies compared here, at ₹71,460 crore. TVS Motor Company Ltd is next at ₹60,156 crore. Ather Energy Ltd has the highest Revenue growth at 62.9%, so level and change sit with different companies. Its Revenue series carries 15 reported observations across the 20-quarter window.

What the numbers say: Bajaj Auto Ltd is the scale leader at ₹71,460 crore, 18.8% ahead of TVS Motor Company Ltd. Ather Energy Ltd's growth is 62.9% from a ₹3,673 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderBajaj Auto Ltd · ₹71,460 crore
Gap18.8% versus #2 · TVS Motor Company Ltd
Persistence8/8 recent comparable periods
Coverage8/8 companies · 114 observations

Investor read: Bajaj Auto Ltd is the scale benchmark; Ather Energy Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Bajaj Auto Ltd's growth falls below Ather Energy Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Bajaj Auto Ltd BAJAJ-AUTO₹71.5K Cr
2TVS Motor Company Ltd TVSMOTOR₹60.2K Cr
3Hero MotoCorp Ltd HEROMOTOCO₹47.4K Cr
4Eicher Motors Ltd EICHERMOT₹25.0K Cr
5Ather Energy Ltd ATHERENERG₹3.7K Cr
Revenue growthfastest growers
1Ather Energy Ltd ATHERENERG63%
2Bajaj Auto Ltd BAJAJ-AUTO37%
3TVS Motor Company Ltd TVSMOTOR31%
4Eicher Motors Ltd EICHERMOT28%
5Hero MotoCorp Ltd HEROMOTOCO16%
Revenue · company comparison
8/8 level · 8/8 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Bajaj Auto Ltd BAJAJ-AUTO₹21.7K Cr65%Jun 2026
TVS Motor Company Ltd TVSMOTOR₹16.3K Cr33%Jun 2026
Hero MotoCorp Ltd HEROMOTOCO₹13.0K Cr30%Mar 2026
Eicher Motors Ltd EICHERMOT₹6.6K Cr32%Jun 2026
Ather Energy Ltd ATHERENERG₹1.2K Cr74%Mar 2026
Munjal Showa Ltd MUNJALSHOW₹347 Cr15%Mar 2026
Ola Electric Mobility Ltd OLAELEC₹265 Cr-57%Mar 2026
Atul Auto Ltd ATULAUTO⚠ unverified₹241 Cr14%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Ather Energy Ltd · ATHERENERG

—
—
—
—
—
—
—
—
—
—
₹523 Cr
₹360 Cr
₹584 Cr
₹635 Cr
₹676 Cr
₹645 Cr
₹899 Cr
₹954 Cr
₹1.2K Cr
—

Atul Auto Ltd · ATULAUTO⚠ unverified

—
—
—
—
—
₹133 Cr
₹150 Cr
₹60 Cr
₹153 Cr
₹154 Cr
₹160 Cr
₹135 Cr
₹182 Cr
₹195 Cr
₹211 Cr
₹153 Cr
₹200 Cr
₹231 Cr
₹241 Cr
—

Bajaj Auto Ltd · BAJAJ-AUTO

—
—
—
—
—
₹9.3K Cr
₹8.9K Cr
₹10.3K Cr
₹10.8K Cr
₹12.2K Cr
₹11.6K Cr
₹11.9K Cr
₹13.2K Cr
₹13.2K Cr
₹12.6K Cr
₹13.1K Cr
₹15.7K Cr
₹16.2K Cr
₹17.8K Cr
₹21.7K Cr

Eicher Motors Ltd · EICHERMOT

—
—
—
—
₹3.4K Cr
₹3.7K Cr
₹3.8K Cr
₹4.0K Cr
₹4.1K Cr
₹4.2K Cr
₹4.3K Cr
₹4.4K Cr
₹4.3K Cr
₹5.0K Cr
₹5.2K Cr
₹5.0K Cr
₹6.2K Cr
₹6.1K Cr
₹6.1K Cr
₹6.6K Cr

Hero MotoCorp Ltd · HEROMOTOCO

₹8.5K Cr
₹8.0K Cr
₹7.5K Cr
₹8.4K Cr
₹9.2K Cr
₹8.1K Cr
₹8.4K Cr
₹8.9K Cr
₹9.5K Cr
₹9.8K Cr
₹9.6K Cr
₹10.2K Cr
₹10.5K Cr
₹10.3K Cr
₹10.0K Cr
₹9.7K Cr
₹12.2K Cr
₹12.5K Cr
₹13.0K Cr
—

Munjal Showa Ltd · MUNJALSHOW

—
—
—
—
—
₹308 Cr
₹299 Cr
₹288 Cr
₹287 Cr
₹303 Cr
₹294 Cr
₹311 Cr
₹318 Cr
₹319 Cr
₹303 Cr
₹286 Cr
₹333 Cr
₹350 Cr
₹347 Cr
—

Ola Electric Mobility Ltd · OLAELEC

—
—
—
—
—
—
—
₹1.2K Cr
₹873 Cr
₹1.3K Cr
₹1.6K Cr
₹1.6K Cr
₹1.2K Cr
₹1.0K Cr
₹611 Cr
₹828 Cr
₹690 Cr
₹470 Cr
₹265 Cr
—

TVS Motor Company Ltd · TVSMOTOR

—
—
—
—
—
₹8.1K Cr
₹8.0K Cr
₹9.1K Cr
₹9.9K Cr
₹10.1K Cr
₹9.9K Cr
₹10.3K Cr
₹11.3K Cr
₹11.0K Cr
₹11.5K Cr
₹12.2K Cr
₹14.1K Cr
₹14.8K Cr
₹15.1K Cr
₹16.3K Cr

Revenue growth · reported quarter history

Ather Energy Ltd · ATHERENERG

—
—
—
—
—
—
—
—
—
—
—
—
—
—
29%
79%
54%
50%
74%
—

Atul Auto Ltd · ATULAUTO⚠ unverified

—
—
—
—
—
—
—
—
—
16%
6.7%
125%
19%
27%
32%
13%
9.9%
18%
14%
—

Bajaj Auto Ltd · BAJAJ-AUTO

—
—
—
—
—
—
—
—
—
31%
29%
16%
22%
8.3%
9.4%
10%
19%
23%
41%
65%

Eicher Motors Ltd · EICHERMOT

—
—
—
—
—
—
—
—
21%
12%
12%
10%
3.6%
19%
23%
15%
45%
23%
16%
32%

Hero MotoCorp Ltd · HEROMOTOCO

—
—
—
54%
7.3%
1.3%
13%
4.8%
4.1%
21%
14%
15%
10.0%
4.8%
3.7%
-4.7%
17%
22%
30%
—

Munjal Showa Ltd · MUNJALSHOW

—
—
—
—
—
—
—
—
—
-1.5%
-1.5%
8.0%
11%
5.2%
2.9%
-8.0%
4.7%
9.6%
15%
—

Ola Electric Mobility Ltd · OLAELEC

—
—
—
—
—
—
—
—
—
—
—
32%
39%
-19%
-62%
-50%
-43%
-55%
-57%
—

TVS Motor Company Ltd · TVSMOTOR

—
—
—
—
—
—
—
—
—
25%
24%
14%
14%
9.1%
16%
18%
24%
34%
30%
33%
07 · compare level, then change

Operating Economics & Margin Trend

Eicher Motors Ltd has the highest OPM among the 8 Auto - 2 & 3 Wheelers companies compared here, at 24%. Bajaj Auto Ltd is next at 21%. Ather Energy Ltd has the highest Margin change at +19 percentage points, so level and change sit with different companies. Its OPM series carries 20 reported observations across the 20-quarter window.

What the numbers say: Eicher Motors Ltd leads opm at 24%; Ather Energy Ltd leads margin change at +19 percentage points.

LeaderEicher Motors Ltd · 24%
Gap14.3% versus #2 · Bajaj Auto Ltd
Persistence2/8 recent comparable periods
Coverage8/8 companies · 138 observations

Investor read: Eicher Motors Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Eicher Motors Ltd EICHERMOT24%
2Bajaj Auto Ltd BAJAJ-AUTO21%
3Hero MotoCorp Ltd HEROMOTOCO14%
4TVS Motor Company Ltd TVSMOTOR14%
5Atul Auto Ltd ATULAUTO⚠ unverified11%
Margin changefastest expanders
1Ather Energy Ltd ATHERENERG+19.0 pp
2Ola Electric Mobility Ltd OLAELEC+8.0 pp
3Atul Auto Ltd ATULAUTO⚠ unverified+4.0 pp
4Bajaj Auto Ltd BAJAJ-AUTO0.0 pp
5Eicher Motors Ltd EICHERMOT0.0 pp
Operating margin · company comparison
8/8 level · 8/8 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Eicher Motors Ltd EICHERMOT24%0.0 ppJun 2026
Bajaj Auto Ltd BAJAJ-AUTO21%0.0 ppJun 2026
TVS Motor Company Ltd TVSMOTOR14%−1.0 ppJun 2026
Hero MotoCorp Ltd HEROMOTOCO14%0.0 ppMar 2026
Atul Auto Ltd ATULAUTO⚠ unverified11%+4.0 ppMar 2026
Munjal Showa Ltd MUNJALSHOW-0.0%−2.4 ppMar 2026
Ather Energy Ltd ATHERENERG-6.0%+19.0 ppMar 2026
Ola Electric Mobility Ltd OLAELEC-106%+8.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Ather Energy Ltd · ATHERENERG

—
—
—
—
—
—
—
—
—
—
-46%
-36%
-24%
-22%
-25%
-21%
-15%
-8.0%
-6.0%
—

Atul Auto Ltd · ATULAUTO⚠ unverified

-4.0%
-5.7%
-0.7%
1.5%
5.5%
10%
9.0%
-7.0%
11%
9.0%
8.0%
6.0%
7.0%
9.0%
7.0%
7.0%
9.0%
12%
11%
—

Bajaj Auto Ltd · BAJAJ-AUTO

16%
15%
17%
16%
17%
19%
19%
19%
20%
20%
20%
20%
16%
21%
19%
21%
18%
23%
17%
21%

Eicher Motors Ltd · EICHERMOT

21%
20%
24%
24%
24%
23%
25%
26%
26%
26%
27%
27%
26%
24%
24%
24%
24%
25%
25%
24%

Hero MotoCorp Ltd · HEROMOTOCO

12%
12%
11%
11%
12%
12%
13%
13%
14%
14%
14%
14%
14%
14%
14%
15%
14%
14%
14%
—

Munjal Showa Ltd · MUNJALSHOW

1.4%
0.1%
2.9%
1.0%
1.0%
3.0%
5.3%
2.5%
-0.6%
1.1%
2.3%
2.3%
-1.7%
2.4%
2.4%
0.6%
0.9%
3.5%
-0.0%
—

Ola Electric Mobility Ltd · OLAELEC

—
—
—
—
—
—
—
-18%
-50%
-23%
-20%
-12%
-31%
-44%
-114%
-29%
-29%
-58%
-106%
—

TVS Motor Company Ltd · TVSMOTOR

11%
12%
13%
12%
13%
13%
13%
13%
14%
15%
15%
14%
14%
15%
16%
15%
15%
15%
14%
14%

Margin change · reported quarter history

Ather Energy Ltd · ATHERENERG

—
—
—
—
—
—
—
—
—
—
—
—
—
—
+21.0 pp
+15.0 pp
+9.0 pp
+14.0 pp
+19.0 pp
—

Atul Auto Ltd · ATULAUTO⚠ unverified

−6.9 pp
−8.5 pp
+5.3 pp
+20.8 pp
+9.6 pp
+15.7 pp
+9.7 pp
−8.5 pp
+5.5 pp
−1.0 pp
−1.0 pp
+13.0 pp
−4.0 pp
0.0 pp
−1.0 pp
+1.0 pp
+2.0 pp
+3.0 pp
+4.0 pp
—

Bajaj Auto Ltd · BAJAJ-AUTO

−1.7 pp
−4.2 pp
−0.6 pp
+0.9 pp
+1.2 pp
+3.8 pp
+1.9 pp
+2.9 pp
+2.9 pp
+1.0 pp
+1.0 pp
+1.0 pp
−4.0 pp
+1.0 pp
−1.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
−2.0 pp
0.0 pp

Eicher Motors Ltd · EICHERMOT

−1.0 pp
−3.5 pp
+2.1 pp
+8.1 pp
+3.1 pp
+2.8 pp
+1.3 pp
+1.5 pp
+2.0 pp
+3.0 pp
+2.0 pp
+1.0 pp
0.0 pp
−2.0 pp
−3.0 pp
−3.0 pp
−2.0 pp
+1.0 pp
+1.0 pp
0.0 pp

Hero MotoCorp Ltd · HEROMOTOCO

−1.8 pp
−1.5 pp
−3.0 pp
+3.9 pp
−0.4 pp
−0.3 pp
+1.9 pp
+2.1 pp
+2.4 pp
+2.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp
—

Munjal Showa Ltd · MUNJALSHOW

−2.7 pp
−5.3 pp
+0.6 pp
+3.6 pp
−0.5 pp
+2.9 pp
+2.4 pp
+1.4 pp
−1.6 pp
−1.9 pp
−3.0 pp
−0.1 pp
−1.0 pp
+1.3 pp
+0.1 pp
−1.8 pp
+2.6 pp
+1.1 pp
−2.4 pp
—

Ola Electric Mobility Ltd · OLAELEC

—
—
—
—
—
—
—
—
—
—
—
+6.0 pp
+19.0 pp
−21.0 pp
−94.0 pp
−17.0 pp
+2.0 pp
−14.0 pp
+8.0 pp
—

TVS Motor Company Ltd · TVSMOTOR

−0.6 pp
−0.6 pp
−0.1 pp
+3.4 pp
+1.1 pp
+1.3 pp
+0.5 pp
+0.8 pp
+1.5 pp
+2.0 pp
+2.0 pp
+1.0 pp
0.0 pp
0.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
−2.0 pp
−1.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Bajaj Auto Ltd has the highest Net profit among the 8 Auto - 2 & 3 Wheelers companies compared here, at ₹11,553 crore. Hero MotoCorp Ltd is next at ₹5,776 crore. Atul Auto Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Bajaj Auto Ltd leads with ₹11,553 crore of TTM profit, 100% above Hero MotoCorp Ltd. Atul Auto Ltd shows ≥100% on the scoring scale (126.3% uncapped) growth from a ₹43 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderBajaj Auto Ltd · ₹11,553 crore
Gap100% versus #2 · Hero MotoCorp Ltd
Persistence6/8 recent comparable periods
Coverage8/8 companies · 114 observations

Investor read: Bajaj Auto Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Bajaj Auto Ltd BAJAJ-AUTO₹11.6K Cr
2Hero MotoCorp Ltd HEROMOTOCO₹5.8K Cr
3Eicher Motors Ltd EICHERMOT₹5.8K Cr
4TVS Motor Company Ltd TVSMOTOR₹3.6K Cr
5Atul Auto Ltd ATULAUTO⚠ unverified₹43 Cr
Profit growthfastest growers
1Atul Auto Ltd ATULAUTO⚠ unverified100%
2Bajaj Auto Ltd BAJAJ-AUTO52%
3TVS Motor Company Ltd TVSMOTOR42%
4Hero MotoCorp Ltd HEROMOTOCO32%
5Eicher Motors Ltd EICHERMOT19%
Net profit · company comparison
8/8 level · 6/8 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Bajaj Auto Ltd BAJAJ-AUTO₹3.2K Cr44%Jun 2026
Hero MotoCorp Ltd HEROMOTOCO₹1.5K Cr26%Mar 2026
Eicher Motors Ltd EICHERMOT₹1.5K Cr21%Jun 2026
TVS Motor Company Ltd TVSMOTOR₹1.1K Cr65%Jun 2026
Atul Auto Ltd ATULAUTO⚠ unverified₹18 Cr200%Mar 2026
Munjal Showa Ltd MUNJALSHOW₹-0 Cr-101%Mar 2026
Ather Energy Ltd ATHERENERG₹-100 Cr—Mar 2026
Ola Electric Mobility Ltd OLAELEC₹-500 Cr—Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Ather Energy Ltd · ATHERENERG

—
—
—
—
—
—
—
—
—
—
₹-283 Cr
₹-183 Cr
₹-197 Cr
₹-198 Cr
₹-234 Cr
₹-178 Cr
₹-154 Cr
₹-85 Cr
₹-100 Cr
—

Atul Auto Ltd · ATULAUTO⚠ unverified

—
—
—
—
—
₹4 Cr
₹3 Cr
₹-9 Cr
₹7 Cr
₹4 Cr
₹5 Cr
₹1 Cr
₹5 Cr
₹7 Cr
₹6 Cr
₹2 Cr
₹8 Cr
₹15 Cr
₹18 Cr
—

Bajaj Auto Ltd · BAJAJ-AUTO

—
—
—
—
—
₹1.5K Cr
₹1.7K Cr
₹1.6K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹1.9K Cr
₹1.4K Cr
₹2.2K Cr
₹1.8K Cr
₹2.2K Cr
₹2.1K Cr
₹2.8K Cr
₹3.5K Cr
₹3.2K Cr

Eicher Motors Ltd · EICHERMOT

—
—
—
—
₹615 Cr
₹741 Cr
₹906 Cr
₹918 Cr
₹1.0K Cr
₹996 Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.4K Cr
₹1.2K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr

Hero MotoCorp Ltd · HEROMOTOCO

₹746 Cr
₹704 Cr
₹611 Cr
₹590 Cr
₹688 Cr
₹721 Cr
₹811 Cr
₹701 Cr
₹1.0K Cr
₹1.1K Cr
₹943 Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.7K Cr
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
—

Munjal Showa Ltd · MUNJALSHOW

—
—
—
—
—
₹3 Cr
₹21 Cr
₹13 Cr
₹2 Cr
₹9 Cr
₹8 Cr
₹12 Cr
₹2 Cr
₹6 Cr
₹9 Cr
₹8 Cr
₹3 Cr
₹11 Cr
₹-0 Cr
—

Ola Electric Mobility Ltd · OLAELEC

—
—
—
—
—
—
—
₹-267 Cr
₹-524 Cr
₹-376 Cr
₹-416 Cr
₹-347 Cr
₹-495 Cr
₹-564 Cr
₹-870 Cr
₹-428 Cr
₹-418 Cr
₹-487 Cr
₹-500 Cr
—

TVS Motor Company Ltd · TVSMOTOR

—
—
—
—
—
₹304 Cr
₹336 Cr
₹441 Cr
₹416 Cr
₹510 Cr
₹412 Cr
₹485 Cr
₹588 Cr
₹609 Cr
₹698 Cr
₹643 Cr
₹833 Cr
₹891 Cr
₹820 Cr
₹1.1K Cr

Profit growth · reported quarter history

Atul Auto Ltd · ATULAUTO⚠ unverified

—
—
—
—
—
—
—
—
—
0.0%
67%
—
-29%
75%
20%
100%
60%
114%
200%
—

Bajaj Auto Ltd · BAJAJ-AUTO

—
—
—
—
—
—
—
—
—
38%
18%
18%
-31%
8.0%
-10%
14%
53%
25%
94%
44%

Eicher Motors Ltd · EICHERMOT

—
—
—
—
—
—
—
—
65%
34%
18%
20%
8.3%
17%
27%
9.5%
24%
21%
12%
21%

Hero MotoCorp Ltd · HEROMOTOCO

—
—
—
130%
-7.8%
2.4%
33%
19%
46%
51%
16%
47%
5.9%
1.6%
24%
65%
24%
15%
26%
—

Munjal Showa Ltd · MUNJALSHOW

—
—
—
—
—
—
—
—
—
188%
-63%
-6.6%
33%
-31%
14%
-31%
33%
82%
-101%
—

TVS Motor Company Ltd · TVSMOTOR

—
—
—
—
—
—
—
—
—
68%
23%
10.0%
41%
19%
69%
33%
42%
46%
17%
65%
09 · compare level, then change

Return On Capital Employed

Hero MotoCorp Ltd has the highest ROCE among the 8 Auto - 2 & 3 Wheelers companies compared here, at 35.2%. Eicher Motors Ltd is next at 30.5%. Ather Energy Ltd has the highest ROCE change at +63.5 percentage points, so level and change sit with different companies. Its ROCE series carries 15 reported observations across the 20-quarter window.

What the numbers say: Hero MotoCorp Ltd leads ROCE at 35.2%, 4.7 percentage points above Eicher Motors Ltd. Ather Energy Ltd has the strongest latest improvement at +63.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderHero MotoCorp Ltd · 35.2%
Gap15.4% versus #2 · Eicher Motors Ltd
Persistence7/8 recent comparable periods
Coverage8/8 companies · 47 observations

Investor read: Hero MotoCorp Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Hero MotoCorp Ltd HEROMOTOCO35%
2Eicher Motors Ltd EICHERMOT31%
3Bajaj Auto Ltd BAJAJ-AUTO28%
4TVS Motor Company Ltd TVSMOTOR17%
5Atul Auto Ltd ATULAUTO⚠ unverified11%
ROCE changefastest improvers
1Ather Energy Ltd ATHERENERG+63.5 pp
2Munjal Showa Ltd MUNJALSHOW+5.0 pp
3Atul Auto Ltd ATULAUTO⚠ unverified+4.7 pp
4TVS Motor Company Ltd TVSMOTOR+2.0 pp
5Hero MotoCorp Ltd HEROMOTOCO+1.6 pp
Return on capital · company comparison
8/8 level · 8/8 change

Withheld from this chart: Eicher Motors Ltd (EICHERMOT) — its two data sources disagree by up to 8% on reported income across 15 comparable periods, so its derived ratios are withheld; TVS Motor Company Ltd (TVSMOTOR) — its two data sources disagree by up to 7% on reported income across 13 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Hero MotoCorp Ltd HEROMOTOCO26%+1.6 ppMar 2026
Atul Auto Ltd ATULAUTO⚠ unverified12%+4.7 ppMar 2026
Ather Energy Ltd ATHERENERG-18%+63.5 ppMar 2026
Ola Electric Mobility Ltd OLAELEC-34%−3.2 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Ather Energy Ltd · ATHERENERG

—
—
—
—
—
—
—
—
—
—
-33%
—
—
-144%
-81%
-79%
-24%
-30%
-18%
—

Atul Auto Ltd · ATULAUTO⚠ unverified

-5.0%
—
-6.3%
—
-2.4%
—
4.9%
—
5.0%
5.3%
4.4%
7.5%
6.3%
7.2%
7.3%
7.6%
8.7%
11%
12%
—

Hero MotoCorp Ltd · HEROMOTOCO

21%
—
16%
—
18%
—
19%
—
21%
27%
24%
30%
24%
29%
25%
34%
24%
33%
26%
—

Ola Electric Mobility Ltd · OLAELEC

—
—
—
—
—
—
—
-8.8%
—
—
-43%
-43%
-19%
-26%
-30%
-35%
-34%
-24%
-34%
—

ROCE change · reported quarter history

Ather Energy Ltd · ATHERENERG

—
—
—
—
—
—
—
—
—
—
—
—
—
—
−48.4 pp
—
—
+114.4 pp
+63.5 pp
—

Atul Auto Ltd · ATULAUTO⚠ unverified

—
—
—
—
+2.6 pp
—
+11.2 pp
—
+7.4 pp
—
−0.5 pp
—
+1.3 pp
+1.9 pp
+2.9 pp
+0.1 pp
+2.4 pp
+3.7 pp
+4.7 pp
—

Hero MotoCorp Ltd · HEROMOTOCO

—
—
—
—
−3.1 pp
—
+2.9 pp
—
+2.7 pp
—
+4.7 pp
—
+3.3 pp
+1.6 pp
+0.7 pp
+3.4 pp
−0.4 pp
+4.4 pp
+1.6 pp
—

Ola Electric Mobility Ltd · OLAELEC

—
—
—
—
—
—
—
—
—
—
—
−34.3 pp
—
—
+12.7 pp
+8.2 pp
−14.6 pp
+2.4 pp
−3.2 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

Hero MotoCorp Ltd has the lowest PEG among the 8 Auto - 2 & 3 Wheelers companies compared here, at 0.56×. The same company also holds the lowest P/E, at 18.8×. 1 of 8 companies report a comparable reading, the latest through Mar 2026. Its PEG series carries 12 reported observations across the 20-quarter window.

What the numbers say: Hero MotoCorp Ltd has the lowest comparable PEG at 0.56×. Only 1 of 8 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderHero MotoCorp Ltd · 0.56×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/8 companies · 12 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Hero MotoCorp Ltd HEROMOTOCO0.6
P/Elowest P/E
1Hero MotoCorp Ltd HEROMOTOCO18.8
2Munjal Showa Ltd MUNJALSHOW23.4
3Bajaj Auto Ltd BAJAJ-AUTO26.9
4Atul Auto Ltd ATULAUTO⚠ unverified33.1
5Eicher Motors Ltd EICHERMOT37.0
Valuation · company comparison
1/8 level · 6/8 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Hero MotoCorp Ltd HEROMOTOCO0.618.6Mar 2026
Bajaj Auto Ltd BAJAJ-AUTO—25.5Jun 2026
Eicher Motors Ltd EICHERMOT—37.5Jun 2026
TVS Motor Company Ltd TVSMOTOR—55.6Jun 2026
Atul Auto Ltd ATULAUTO⚠ unverified—31.2Mar 2026
Munjal Showa Ltd MUNJALSHOW—14.2Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Hero MotoCorp Ltd · HEROMOTOCO

0.7
—
—
—
—
—
—
1.0
0.4
0.8
1.6
0.8
0.9
—
0.7
1.5
0.9
1.5
0.6
—

P/E · reported quarter history

Atul Auto Ltd · ATULAUTO⚠ unverified

—
—
—
—
—
-110.6
186.6
205.7
219.1
216.7
175.5
206.9
91.4
91.5
61.9
58.5
57.0
44.9
31.2
—

Bajaj Auto Ltd · BAJAJ-AUTO

19.6
15.5
18.3
20.0
18.6
18.7
19.8
22.1
22.0
28.1
35.0
34.4
44.5
34.0
29.2
32.2
32.0
30.4
27.8
25.5

Eicher Motors Ltd · EICHERMOT

48.9
42.5
40.1
46.9
49.0
37.8
30.8
33.6
29.3
31.6
28.7
32.0
33.1
31.3
33.0
32.8
39.9
39.3
34.6
37.5

Hero MotoCorp Ltd · HEROMOTOCO

18.2
16.9
18.4
23.8
19.2
21.1
17.9
20.7
20.1
24.6
25.3
28.9
29.2
20.5
17.9
19.7
21.1
21.3
18.6
—

Munjal Showa Ltd · MUNJALSHOW

16.9
17.8
37.5
33.0
20.5
19.9
14.7
18.6
16.1
18.0
17.6
19.8
21.9
19.5
15.7
18.3
21.8
19.3
14.2
—

TVS Motor Company Ltd · TVSMOTOR

32.6
35.3
35.5
48.6
45.6
42.3
40.2
48.5
49.6
66.0
62.5
67.0
82.6
61.5
58.8
63.1
68.4
66.3
56.1
55.6
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Auto - 2 & 3 Wheelers comparison names 7 specific ways its own evidence can mislead, all listed below. All 8 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 8 Auto - 2 & 3 Wheelers companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing3 cross-checked · 3 unverified · 2 withheld, of 8 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Auto - 2 & 3 Wheelers company comparison FAQs

These 24 answers restate the Auto - 2 & 3 Wheelers comparison above in question form. Every one is computed from the same 8 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Auto - 2 & 3 Wheelers sector outperforming NIFTY 500?

Auto - 2 & 3 Wheelers has outperformed NIFTY 500 by 35.8% over 52 weeks and 12.4% over 13 weeks. 6 of 8 covered companies beat NIFTY on Mansfield relative strength, while 5 of 8 beat the sector itself.

Which Auto - 2 & 3 Wheelers company is largest by revenue?

Bajaj Auto Ltd leads with revenue of ₹71,460 crore, based on 8 of 8 comparable companies through Jun 2026.

Which Auto - 2 & 3 Wheelers company is growing fastest?

Ather Energy Ltd has the fastest current revenue growth at 62.9%, across 8 of 8 comparable companies.

Which Auto - 2 & 3 Wheelers company has the strongest 4-Factor Sector Score?

Hero MotoCorp Ltd ranks first at 69.5/100 with 89.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Auto - 2 & 3 Wheelers company has the lowest comparable PEG?

Hero MotoCorp Ltd has the lowest comparable PEG at 0.56, among 1 of 8 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Auto - 2 & 3 Wheelers comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Auto - 2 & 3 Wheelers index?

The Nifty Auto - 2 & 3 Wheelers index tracks India's listed Auto - 2 & 3 Wheelers companies as a single basket. This page follows the same 8 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Auto - 2 & 3 Wheelers sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Auto - 2 & 3 Wheelers stocks in India?

Ranked by this page's four-factor score, Hero MotoCorp Ltd places first among 8 listed Auto - 2 & 3 Wheelers companies, followed by Bajaj Auto Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Auto - 2 & 3 Wheelers stocks are listed in India?

This comparison covers 8 listed Auto - 2 & 3 Wheelers companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Auto - 2 & 3 Wheelers company is the biggest?

Bajaj Auto Ltd is the largest, with trailing-twelve-month revenue of ₹71,460 crore, ahead of TVS Motor Company Ltd at ₹60,156 crore. That covers 8 of 8 companies with comparable reporting through Jun 2026.

Which Auto - 2 & 3 Wheelers company has the best profit margins?

Eicher Motors Ltd has the highest operating margin at 24%, from 8 of 8 comparable companies. Ather Energy Ltd shows the biggest recent improvement, at +19 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Auto - 2 & 3 Wheelers company makes the most profit?

Bajaj Auto Ltd earns the most, at ₹11,553 crore of trailing-twelve-month net profit, from 8 of 8 comparable companies. Atul Auto Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Auto - 2 & 3 Wheelers company earns the highest return on capital?

Hero MotoCorp Ltd leads on return on capital employed at 35.2%, across 8 of 8 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Auto - 2 & 3 Wheelers stock is the cheapest?

On PEG — where a LOWER number is cheaper — Hero MotoCorp Ltd screens cheapest at 0.56×. Only 1 of 8 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Auto - 2 & 3 Wheelers sector beating the market?

Auto - 2 & 3 Wheelers has outperformed NIFTY 500 by 35.8% over the last 52 weeks and 12.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 6 of 8 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Auto - 2 & 3 Wheelers stock has the strongest price momentum?

Ather Energy Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Auto - 2 & 3 Wheelers company scores highest for research priority?

Hero MotoCorp Ltd scores 69.5 out of 100 with 89.6% evidence confidence, from 19.2 points on growth and earnings, 21.4 on capital efficiency, 19.6 on valuation and 9.3 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Auto - 2 & 3 Wheelers companies does this comparison cover, and over what period?

It compares 8 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Auto - 2 & 3 Wheelers sector?

The 8 Auto - 2 & 3 Wheelers companies on this page carry ₹9,13,840 crore of combined market value. Bajaj Auto Ltd is the largest at ₹3,16,588 crore, about 35% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Auto - 2 & 3 Wheelers sector's P/E ratio?

The median price-to-earnings ratio across the 8 Auto - 2 & 3 Wheelers companies on this page is 33.1×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Auto - 2 & 3 Wheelers sector performing?

6 of the 8 covered Auto - 2 & 3 Wheelers companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 35.8% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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