tvs motor company: Six Indian auto stocks among top 10 global peers based on value creation in 2022
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
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