A fast-read primer on where the sector stands today and where it's headed — the backdrop against which we benchmark every company's cost structure in this category.
Of every 100 vehicles sold domestically, more than three in four are two-wheelers — passenger vehicles are a distant second.
FY26 (Apr–Dec 2025)
Market share, FY25
Overseas demand for Indian-made vehicles grew faster in early FY26 than it did across all of FY25.
Q1 FY25 vs Q1 FY26 — up 22% year-on-year
Demand, capital, and policy are all pointing the same direction — toward faster volumes and an accelerating EV transition.
A sample of the industry-wide and policy moves shaping the sector through early 2026.
Listed Indian Automobiles companies in tDoBe's cost-benchmarking coverage.
The market facts above are public background. What follows is tDoBe's own work: every "Other Expenses" line from these companies' own financial records, read by hand and sorted into one clear set of categories — not a keyword search, not each company's own way of reporting it.
Each mark is one company's total Other Expenses as % of net revenue. No company is named here.
Ranked from biggest to smallest.
General overheads and moving vehicles from factory to dealer are the two largest cost buckets, ahead of marketing and maintenance.
This sector spans mass-market two-wheeler and passenger-vehicle makers alongside newer electric-vehicle companies still scaling up production — that mix drives most of the spread, more than any efficiency gap.
We use each company's own standalone financial records — not group numbers, not each company's own labels. Every cost line is read by hand and placed into one common set of categories, so every company is compared the same way.
This is the free, sector-wide view. It tells you where Automobiles stands as a whole — not where your own company stands against it, category by category, in rupees.
A below-average number is a reason to call too — the benchmark keeps improving as we go.