After a swift ride in FY23, will auto stocks maintain speed in FY24 or slow down?
Shares of automobile companies, particularly the four-wheeler makers, registered strong gains in FY23, as the outlook for earnings improved significantly with the strong demand for passenger as well as commercial vehicles. Mahindra & Mahindra topped the list among 4-wheeler makers, with the stock clocking 40% gains. Companies such as Maruti Suzuki, Ashok Leyland, and Eicher … Read more
