Auto Stocks India Rises In 2022
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While overall sales were down, the BSE Auto Index ended March 31, 2021 107 percent higher than April 1, 2020.
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It is the beginning of a new fiscal year in India. For most players, it has not been a particularly noteworthy fiscal year in terms of automotive sales.
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Tata Motors stock value increased over 300 percent in FY2021.
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Maruti Suzuki stock fell 8 percent in the last quarter, but gained nearly 60 percent in the fiscal.
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Eicher (Royal Enfield), Bajaj, Hero and TVS stock also post significant gain.
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Passenger vehicles and two-wheeler stocks were among the top gainers in the fourth quarter of FY2021.
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Tata Motors up nearly 62 percent and Mahindra and Mahindra up 12.44 percent.
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