Surpassing Tata Motors, This Becomes India's Second Most Valuable Auto Company, Who's Number One?

Mahindra & Mahindra (M&M) has become India's second most valuable auto company, surpassing Tata Motors. M&M's market capitalization closed at ₹3,63,980 crore on Friday.
Surpassing Tata Motors, This Becomes India's Second Most Valuable Auto Company
Surpassing Tata Motors, This Becomes India's Second Most Valuable Auto CompanyImage Credit: Reuters

Mahindra & Mahindra (M&M) has become India's second most valuable auto company, surpassing Tata Motors. M&M's market capitalization closed at ₹3,63,980 crore on Friday.

Meanwhile, Tata Motors' market cap closed at ₹3,30,204.07 crore. M&M's shares closed at ₹2927, up by 2.20% during trading. Earlier in the session, the stock had reached a 52-week high of ₹2945.

112% Return Given in 12 Months

Mahindra & Mahindra's stock has delivered an impressive return of 112% over the past 12 months. In the year 2024 so far, the stock has provided a return of 72%.

Notably, it has outperformed not only the sectoral index but also the Nifty-50 index during this period. The Nifty Auto index has grown by over 75% in the past year, and it has delivered a return of 38% year-to-date.

In March 2024, Mahindra & Mahindra, known for manufacturing vehicles like Scorpio EN, Bolero, and Thar, reported a net profit of ₹2,038 crore for the fourth quarter.

This marks a significant increase of 32% compared to the ₹1,549 crore profit recorded in the same quarter last year.

Maruti Suzuki Tops the Charts as India's Most Valuable Auto Company

When it comes to India's most valuable auto company, it is Maruti Suzuki. Maruti Suzuki India's market capitalization closed at ₹4,03,240.17 crore on the Bombay Stock Exchange (BSE) on Friday.

The company's share price closed at ₹12,825, down by 0.12% or ₹15.70.

Surpassing Tata Motors, This Becomes India's Second Most Valuable Auto Company
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