2/3 Wheelers sector
6 companies · ₹8.7 L cr · 6 with AI deep dives
5y revenue CAGR
median 19.81%(p25 15.57% · p75 22.28%)
5y avg ROCE
median 21.96%(p25 -4.34% · p75 24.87%)
Debt / equity
median 0.38x(p25 0.07x · p75 0.7x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-06-30headwindCommodity cost supercycle hitting all OEMs; price hikes only partially offsetting6 managements
Every management flagged unprecedented commodity cost inflation as the sector's most material near-term risk. Eicher/RE quantified it at ~3 - 3.5% additional material cost in Q1…
- TVSMOTOR (Q4FY26): “The commodity, I think this is unprecedented. I think it is around 3% to 5%... we were…”
tailwind5 managements🔒tailwind5 managements🔒mixed4 managements🔒tailwind4 managements🔒headwind4 managements🔒
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| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Bajaj Auto Ltd | ₹3.2 L cr | Unlock | latent operating leverageroce compounderearnings quality weakauto op leverage primed | |
| Eicher Motors Ltd | ₹2.2 L cr | Unlock | net cashgross block efficient | |
| TVS Motor Company Ltd | ₹1.9 L cr | Unlock | gross block efficient | |
| Hero MotoCorp Ltd | ₹1.0 L cr | Unlock | roce compounderearnings quality strongnet cashgross block efficient | |
| Ather Energy Ltd | ₹46,053 cr | Unlock | capex coming onlinegross block efficient | |
| Ola Electric Mobility Ltd | ₹17,176 cr | Unlock | capex coming online |