India's passenger vehicle market is experiencing rapid growth, making it an attractive space for long-term investors. Two industry leaders, Maruti Suzuki and Hyundai Motor India, are at the forefront of this expansion, backed by strong fundamentals and established business models.
Maruti has outperformed Hyundai in various time frames, with a 43% gain over the past year compared to Hyundai's 24% rise. In the medium term, Maruti climbed 30% in the last six months, while Hyundai advanced 22%. The gap widens in shorter periods, with Maruti adding 6% in the past three months and 4.5% in the last month, whereas Hyundai slipped 11% and 2% respectively.
Maruti Suzuki India Ltd posted its highest-ever monthly sales in November 2025, with 2,29,021 units sold, driven by strong domestic demand and record exports. Domestic sales rose 21.0% to 1,74,593 units, while exports hit an all-time high of 46,057 units. Hyundai Motor India Ltd also reported strong growth, with total sales of 66,840 units in November 2025, up 9.1% year-on-year.
Both companies enjoy solid fundamentals and resilient demand visibility, but their near-term trajectories and technical setups are diverging. Analysts note that Maruti retains a structural edge, with a stronger market leadership and a more favorable technical structure.
Harshal Dasani, Business Head at INVasset PMS, argues that Maruti continues to justify its market leadership and remains better positioned for multi-year compounding. Mayank Jain, Market Analyst at Share.Market, says that both Maruti Suzuki and Hyundai Motor India are recognized as fundamentally strong automakers, supported by credible financial indicators.
Jigar S Patel, Senior Manager – Technical Research at Anand Rathi, observes that Maruti has displayed strong momentum, but the stock now looks stretched after a sharp multi-week rally. Hyundai, on the other hand, is displaying early signs of technical improvement, with a bullish MACD divergence and a potential move toward ₹2,650.
In the medium term, Maruti appears better positioned with strong fundamentals, while Hyundai's story is more nuanced. For long-term investors, the consensus leans toward Maruti as the steadier anchor allocation, while Hyundai may serve as a tactical or satellite bet during favorable technical windows.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Download the TradeKaizen app to practice F&O trading with real-time market data anytime, anywhere.
Get it on Google PlayConnect with fellow traders, share strategies, and improve your trading skills in our Telegram group.
Join Telegram