Auto Stocks in Focus: Maruti Suzuki scales an all-time high; Tata Motors hits a 52-week high as auto stocks rally
Auto stocks are banking on a Federation of Automobile Dealers Associations (FADA) report released on Wednesday, which showed that auto sales in November 2023 touched a record high of 28.54 lakh, or 18 per cent. While Maruti Suzuki, Hyundai Motor and Tata Motors were among the top three sellers in the passenger vehicle category, Mahindra and Mahindra topped the chart in commercial vehicle sales.
Maruti Suzuki scaled an all-time high of Rs 10,930, while Tata Motors hit a 52-week high of Rs 727.45 on Thursday. Photo: PTI/Representational