Six Indian auto stocks among top 10 global peers based on value creation in 2022
Business

Six Indian auto stocks among top 10 global peers based on value creation in 2022

By Dan Neff

M&M expects the EV share in its sales volume to reach 20-30% by FY27.

Synopsis

According to the Bloomberg data, TVS Motor Company is ranked second with a stock return of 72% following 106% returns of Ford Otomotiv Sanayi, a Turkish unit of Ford, which holds 41% stake. Mahindra & Mahindra (M&M) and Eicher Motors ranked fourth and fifth with returns of 50% and 23%, respectively

ET Intelligence Group: As many as six Indian automobile stocks have made it to the list of top 10 global automakers based on their 2022 stock returns. Select domestic automakers were benefitted by a pent up demand and normalisation of supply during the year after a disruption due to the pandemic.

Of the 46 auto companies worldwide with a market cap above $5 billion, only 12 are able to generate a stock return in 2022 and a half of these are

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff