Commercial Vehicles stocks in India
Every listed commercial vehicles company on NSE and BSE in our database, largest first, with its valuation, profitability, latest quarterly growth, one-year return and next results date.
There are 7 listed companies in the Commercial Vehicles industry on NSE and BSE in our database, 5 of them with full financials.
The largest by market capitalisation are Tata Motors Limited (₹145,838 Cr), Ashok Leyland Limited (₹85,142 Cr), FORCE MOTORS LTD (₹21,609 Cr).
Among the 5 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 23.1 and the median return on equity is 26.3%.
Fastest sales growth in the latest quarter (year on year, above ₹500 Cr): Olectra Greentech +66%, Tata Motors +36%, SML Mahindra +21%.
Next to report results: FORCE MOTORS on 28 Oct.
Commercial Vehicles companies by market cap
| # | Company | Market cap | P/E | ROE | Qtr sales YoY | Qtr profit YoY | Return 1Y | Next results |
|---|---|---|---|---|---|---|---|---|
| 1 | Tata Motors LimitedTMCV | ₹145,838 Cr | 23.14 | 41.2% | +36.2% | +239.3% | — | — |
| 2 | Ashok Leyland LimitedASHOKLEY | ₹85,142 Cr | 22.82 | 26.2% | +11.6% | +1.5% | +5.6% | — |
| 3 | FORCE MOTORS LTDFORCEMOT | ₹21,609 Cr | 17.25 | 29.9% | +6.2% | +22.8% | -1.3% | 28 Oct |
| 4 | Olectra Greentech LimitedOLECTRA | ₹7,844 Cr | 43.63 | 14.6% | +65.7% | +2.4% | -33.8% | — |
| 5 | SML Mahindra LimitedSMLMAH | ₹7,009 Cr | 47.58 | 26.3% | +20.7% | -44.3% | — | — |
| 6 | SML ISUZUSMLISUZU | — | — | — | — | — | — | — |
| 7 | Tata MotorsTATAMOTORS | — | — | — | — | — | — | — |
P/E "n/m" means the company made a loss over the last four quarters. Quarterly growth compares the latest quarter with the same quarter a year earlier. "—" means the figure is not available.
Upcoming commercial vehicles results
Frequently asked questions
Which are the largest commercial vehicles stocks in India?
By market capitalisation: Tata Motors Limited (₹145,838 Cr), Ashok Leyland Limited (₹85,142 Cr), FORCE MOTORS LTD (₹21,609 Cr), Olectra Greentech Limited (₹7,844 Cr), SML Mahindra Limited (₹7,009 Cr).
How many commercial vehicles companies are listed in India?
7 companies listed on NSE and BSE are classified in the Commercial Vehicles industry on this page, which merges the exchanges' and data vendors' labels for the same business.
What is the average P/E of commercial vehicles stocks?
The median P/E of profitable commercial vehicles companies worth more than ₹500 Cr is 23.1, based on trailing-twelve-month profit and the latest close.
When do commercial vehicles companies announce their results?
Upcoming board meetings for results: FORCE MOTORS LTD on 28 Oct 2026.
