5 Top Stocks With Massive Capex Plans of Up to ₹77,500 Crore to Keep on Your Radar

Several of India’s leading companies are preparing to spend heavily on their next phase of expansion. Automobiles, cement and metals are among the sectors seeing large investment commitments, with companies looking to add production capacity, develop new products and strengthen their existing operations.

Maruti Suzuki leads the pack with a planned investment of Rs. 77,500 crore over five years, while Tata Motors Passenger Vehicles, UltraTech Cement, Hindalco Industries and TVS Motor Company have also outlined sizable spending programmes.

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These investments offer a glimpse into where companies expect demand to grow in the coming years. Here is a closer look at five big-name stocks and what their capex plans mean for their businesses.

1. Maruti Suzuki India Ltd

Maruti Suzuki India Ltd, the largest passenger vehicle maker in the country, has planned a huge Capex of Rs 77,500 crore over the next five years from FY27 till FY31. At the 45th Annual General Meeting held in August 2026, Managing Director and Chief Executive Officer Hisashi Takeuchi stated that the company plans to spend around Rs 14,000 crore in FY27 compared to around Rs 10,000 crore the previous year.

A large chunk of the capital expenditure would go towards increasing production capacity, new model launches, R&D, plant modernisation and logistics. The company is also looking to increase production capacity to 40 lakh units per annum from around 29 lakh units through expansion at Kharkhoda (Haryana) and Gujarat. This investment would come as the company is looking to add new products, such as electric vehicles, and increase production for both domestic and export markets.

Shares of Maruti Suzuki India Ltd. were closed at Rs. 13,024.00, down 1.22 percent from previous close of Rs. 13,185.00. The stock opened at Rs. 13,184.00 and reached an intraday high of Rs. 13,215.00 and low of Rs. 12,900.00. The company currently has a market capitalization of Rs. 4,07,497 crores.

2. Tata Motors Passenger Vehicles Ltd

Tata Motors Passenger Vehicles Limited plans to invest between Rs. 33,000-35,000 crore over the next five-year period (FY26-FY30), with a significant chunk of investments going towards new products, electric vehicles and next-gen tech.

As per the details in the Investor Day 2025 presentation by Tata Motors, the investment will be made across various segments such as new product development, software-enabled vehicles, new powertrains, etc., to improve the passenger vehicle business.

Shares of Tata Motors Passenger Vehicles Ltd. were closed at Rs. 297.25, down 0.67 percent from previous close of Rs. 299.25. The stock opened at Rs. 300.00 and reached an intraday high of Rs. 301.85 and low of Rs. 293.60. The company currently has a market capitalization of Rs. 1,09,385 crores.

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3. UltraTech Cement Ltd

UltraTech Cement Limited, part of the Aditya Birla Group, is continuing its aggressive capacity expansion strategy, with capital commitments exceeding Rs. 16,000 crore towards projects scheduled for execution over the next three years.

According to the company’s Q4 FY26 financial results, released on April 27, 2026, the ongoing expansion projects are expected to take its consolidated cement manufacturing capacity beyond 240 million tonnes per annum (MTPA).

Shares of UltraTech Cement Ltd. were closed at Rs. 12,337.00, down 0.20 percent from previous close of Rs. 12,362.00. The stock opened at Rs. 12,350.00 and reached an intraday high of Rs. 12,381.00 and low of Rs. 12,279.00. The company currently has a market capitalization of Rs. 3,62,472 crores.

4. Hindalco Industries Ltd

Metals flagship of Aditya Birla Group, Hindalco Industries Limited plans to spend about Rs. 12,000 crore on capital expenditure in India for FY 27 as it works towards several expansion projects in Aluminium and Copper. This will help to strengthen the company’s upstream manufacturing capabilities and to expand its footprint in value-added metal sectors.

Key expansion projects include expanding the Aditya Aluminium Smelter, Alumina Refinery, Copper Smelting and Coal Mining. Investments are also being made in downstream segments like battery grade aluminium foils, flat rolled products and copper recycling.

Shares of Hindalco Industries Ltd. were closed at Rs. 964.00, up 0.18 percent from previous close of Rs. 962.30. The stock opened at Rs. 959.00 and reached an intraday high of Rs. 971.00 and low of Rs. 953.70. The company currently has a market capitalization of Rs. 2,16,678 crores.

5. TVS Motor Company Ltd

TVS Motor Company Limited has planned capital expenditure of around Rs. 3500 crore during FY27 to invest in new products, manufacturing and technology. In its May 2026 earnings conference call, management mentioned that they will be investing around Rs. 2000 crore for developing new products. Over a 1000 crore will be invested for increasing the manufacturing capacity.

The company is also investing in R&D and test facilities which will help launch new products. TVS is also planning to increase their manufacturing capacity by about 15 lakh units in two wheeler and three wheeler segments.

Shares of TVS Motors Ltd. were closed at Rs. 4,500.00, down 1.32 percent from previous close of Rs. 4,560.00. The stock opened at Rs. 4,550.00 and reached an intraday high of Rs. 4,583.90 and low of Rs. 4,456.00. The company currently has a market capitalization of Rs. 2,13,780 crores.

What Does This Mean for Investors?

The planned investments across these five companies point to a common theme: established Indian businesses are committing substantial capital to expand capacity and prepare for future demand. However, the size of a capex announcement alone does not indicate how much value a company will create for its shareholders.

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Investors will need to look at how quickly these projects become operational, whether additional capacity translates into higher sales, and how efficiently companies generate returns on the capital invested. Metrics such as return on capital employed (ROCE), operating margins, debt levels and free cash flow will become particularly important as these investment programmes progress.