2024 Year Ender: Tata Motors, Mahindra & Mahindra, Along With Other Carmaker Stocks Set To Return Bumper Returns To Investors This Year

As 2024 comes to a close, many in the equity markets would look to close on a high, taking a quick glance at the investments that they have made this calendar year. Although the new year or the current fiscal year of FY25 is another 2.5 months away from culmination, the end of the year and the progress made have symbolic connotations.

The Year Of Change

One of the industries that has seen major developments and has rolled their sleeves up to change the gears on change is the auto industry.

The industry has had to switch gears from fossil fuel-based engines to its modern, sustainable means through new electric vehicles. However, given the fluctuating demand and unnourished infrastructure, these companies have also had to do the balancing act by working on hybrid cars as well.

Auto Stocks On Roll

Cutting to the chase, when we look at the major auto stocks listed on the market, the immediate attention goes to the top three carmakers listed on Dalal Street. These are Tata Motors, Mahindra & Mahindra, and Maruti Suzuki. Although Hyundai is also a listed company, its foray into NSE is fairly recent.

Amongst the three, Mahindra appears all set to award its investors with one of the biggest returns as the year comes to a close.

Mahindra And Mahindra Ltd

Mahindra and Mahindra shares have surged by a mammoth 78.86 per cent or Rs 1,349.10, in the past year of trade, bringing about merry to investors.

The price of the stock stood at Rs 3,059.90 per share at the time of writing.

Tata Motors Ltd

Another major name in the industry, Tata Motors also fared well in the calendar year.

As of Tuesday, December 17, just a fortnight before the end of 2024, the company shares rose in value by 7.93 per cent or Rs 57.95. This took the overall value of the company shares to Rs 788.75 per share.

Maruti Suzuki India Ltd

Another company, that is set to give positive returns to ist investors is the biggest automaker in the country, Maruti Suzuki.

Maruti Suzuki shares made gains of 8.33 per cent or Rs 859.20 in a years. This brings the overall price to Rs 11,178.80 for its investors.