The automotive sector of India is responsible for 7.1% of the world’s GDP and ranks 4th in vehicle production as of 2025, which shows its enormous contribution to the global market. In order to speed up the adoption of electric vehicles and empower domestic manufacturing, the government has raised more than ₹66,000 crore through some important initiatives such as FAME, PM E-Drive, and PLI scheme.
Following the Vision 2030 roadmap, India plans to increase automotive production, increase exports, and provide millions of job opportunities. In this blog, we’ll take a look at the best automobile penny stocks in India.
Also Read: Best Auto Stocks to Invest in India for 2025
Top penny stocks in India
As of June 23, 2025, these automobile penny stocks are arranged by market capitalisation, from smallest to largest
| Name | Market capitalisation (₹ crores) | P/E ratio | ROE % | ROCE % | Debt to equity ratio | Interest coverage ratio |
| Naksh Precious Metals Ltd. | 7.36 | 16.4 | 7.25 | 6.63 | 0.03 | N/A |
| Resourceful Automobile Ltd. | 16.5 | 13.0 | 12.4 | 13.2 | 0.35 | 3.30 |
| Bikewo Green Tech Ltd | 29.2 | 44.3 | 2.39 | 3.95 | 0.01 | 3.38 |
| Delta Autocorp Ltd | 112 | 13.4 | 13.4 | 23.4 | 0.05 | 54.9 |
| Tunwal E-Motors Ltd | 186 | 15.7 | 19.3 | 19.9 | 0.32 | 7.74 |
Naksh Precious Metals Ltd
Naksh Precious Metals Limited was founded in 2003 and is a producer and distributor of jewellery made from gold, silver, diamonds, and other precious stones.
Besides being a jeweller, the company is also in the business of trading and manufacturing various types of base metals and steel products, like roofing sheets, pipes, coils, and fasteners.
Naksh Precious Metals supplies their customers across the energy, automotive, and construction sectors with both decorative and industrial metal solutions to match their diverse market needs in India and worldwide.
A company’s quarterly results can be a useful tool for uncovering potential investment opportunities.
| Particulars | March 2025 (₹ Crores) | March 2024 (₹ Crores) |
| Sales | 0.51 | 0.02 |
| Operating Profit | 0.06 | -0.04 |
| Net Profit | 0.05 | 0.05 |
| EPS (₹) | 0.05 | 0.05 |
Also Read: Top Semiconductor Penny Stocks in India
Resourceful Automobile Ltd
Resourceful Automobile Limited, a company incorporated in 2018, is an authorised Yamaha two-wheeler dealer operating in Delhi under the “Sawhney Automobiles” brand.
They provide the full range of Yamaha motorcycles and scooters which consist of commuter, sport, and cruiser models as well as genuine spare parts and maintenance services. The company operates two showrooms which include a Blue Square Premium outlet and the one that shows Yamaha’s full range and accessories.
Resourceful Automobile has been recognised with different awards for service and sales excellence and is still growing its presence in the highly competitive two-wheeler market.
The quarterly performance can aid in optimal decision-making.
| Particulars | March 2025 (₹ Crores) | March 2024 (₹ Crores) |
| Sales | 12.51 | 12.70 |
| Operating Profit | 1.73 | 2.59 |
| Net Profit | 1.95 | 1.51 |
| EPS (₹) | 7.34 | 1.51 |
Bikewo Green Tech Ltd
Bikewo Green Tech Limited is a Hyderabad-based electric two-wheeler retailer in India, incorporated in 2016. The firm is engaged in the operation of a multi-brand dealership network that provides electric scooters and motorcycles as well as leasing and resale of used vehicles.
To deliver its services, Bikewo utilises a network of stores, retail outlets, service centres, and charging points spread across several states. With its emphasis on expanding in Tier-II and Tier-III cities, the company aims to promote sustainable mobility through accessible and tech-driven electric vehicle solutions.
An overview of the quarterly performance below can offer valuable insights.
| Particulars | March 2025 (₹ Crores) | March 2024 (₹ Crores) |
| Sales | 14.44 | 16.91 |
| Operating Profit | 0.25 | 2.02 |
| Net Profit | 0.01 | 1.17 |
| EPS (₹) | 0.01 | 1.28 |
Delta Autocorp Ltd
Delta Autocorp Limited, a Bangalore-based company established in 2016, is a major brand for the ‘Deltic’ electric two and three-wheelers.
The company’s portfolio is packed with electric scooters, e-rickshaws, and e-loaders that serve both the urban and rural markets. With the strong distribution of over 300 showrooms in 25 states.
Delta Autocorp is dedicated to affordable, long-lasting, and innovative EV solutions that prioritise safety, local battery production, and green mobility penetration in India.
In January 2025, the company launched its Initial Public Offering (IPO), listing on the NSE SME platform to support its growth and expansion initiatives.
The quarterly performance can aid in optimal decision-making.
| Particulars | March 2025 (₹ Crores) |
| Sales | 52.34 |
| Operating Profit | 7.00 |
| Net Profit | 5.88 |
| EPS (₹) | 3.85 |
Tunwal E-Motors Ltd
Tunwal E-Motors Ltd, incorporated in 2018, is a manufacturer of electric two-wheelers in India, making, selling, and servicing electric scooters. Tunwal E-Motors is headquartered in Pune and has a very modern production setup in Rajasthan.
Fostering the idea of sustainable transportation, Tunwal E-Motors works to provide innovative and affordable solutions in the EV space through an ever-growing dealership network and is a major player in the development of eco-friendly transportation in India.
An overview of the quarterly performance below can offer valuable insights.
| Particulars | March 2025 (₹ Crores) | March 2024 (₹ Crores) |
| Sales | 104 | 60 |
| Operating Profit | 5 | 10 |
| Net Profit | 6 | 7 |
| EPS (₹) | 1.17 | 1.64 |
Conclusion
The automotive industry in India is evolving, aided by government programmes like FAME, PLI, and PM E-Drive that are aimed at promoting Innovation, Green Mobility, and Local Production. These initiatives have paved the way for new opportunities in automobile penny stocks, at the same time opening up some dangers and volatility. The sector is going through changes which include the rising need for electric vehicles and new technologies.
Also Read: Automobile industry in India
FAQs
What are the best automobile stocks in India?
Automobile stocks in India that are at the top include Maruti Suzuki India Ltd, Tata Motors Ltd, and Mahindra & Mahindra Ltd, which are known for their market presence, product innovation, financial stability, etc. Also, Bajaj Auto Ltd and Eicher Motors Ltd are prominent players in the market with a broad product range and operations. The sector trends, demand, and regulatory developments are the factors that influence the performance of these companies.
Automobile penny stocks seem to be the next multi-baggers, the automotive industry is on a roll, especially with the increasing need for EVs and smart technologies. Clean energy vehicle incentive programs like FAME, PLI, and PM E-Drive help the industry grow and boost local production, thus allowing small players to enter the game. Such stocks are characterised by high volatility and risks that arise as a result of their size and stock market fluctuations.
The PLI scheme aims to boost investment in local production, and the use of cutting-edge car technologies especially in electric and hydrogen-powered vehicles. By offering perks for domestic manufacturing and new ideas, the plan intends to make the car industry stronger and more competitive. How it affects auto sector stocks will depend on how companies take advantage of these chances and adapt to changing market trends.
It is not possible to identify the best time to buy automobile sector penny stocks globally, since their prices are highly volatile and affected by market trends, news and liquidity. A wide group of investors watches the progress of the sector, the performance of the companies and the economic situation in general. Some positive or hot news and good industry momentum may trigger a surge in activity, however, timing such moves is very risky and should be done carefully.
Penny stocks are low-cost shares of small businesses that may give the highest returns on investments but are also very risky. They are usually very volatile, have limited liquidity, and can be opaque and under-regulated. Even though some investors may see the opportunities in penny stocks, their erratic character and vulnerability to market changes make them a rather speculative investment option.
