3 Auto Stocks That Gave Returns Over 100% In The Past Year

The automobile industry is quite cyclical, which implies that during a booming economy, automakers will be able to raise their volumes at a rapid rate, while during a depression, volumes will suffer. This is because, unlike critical charges, discretionary expenses are easier to remove from a consumer's budget during difficult circumstances. By 2026, the Indian automobile sector is predicted to be worth Rs 16.16-18.18 trillion (US$ 251.4-282.8 billion). After recovering from the ravages of the COVID-19 pandemic, the Indian auto sector is predicted to rise rapidly in 2021-22.

Here are three NSE auto stocks that have outperformed the market in the previous year, returning over 100% to investors.

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