The growth of the auto and auto component manufacturing industry is experiencing a good pace in emerging markets such as India, China and Brazil. These countries are experiencing a growing middle class population which drives the demand for new and safe cars. As a result, these Emerging Markets are expected to have a substantial need for automobiles. In addition, the increasing penetration of the Internet and the ease of access to technology has increased the adoption of ride-sharing services such as Ola, Uber, etc. This has further boosted the demand for new cars among the middle class and upper class population. . This blog post will help you understand why investing in Auto Stocks is a good option and which stocks to buy in 2022 if you want to invest in this industry.
Ferrari is a manufacturer of luxury sports cars and an official sponsor of the Scuderia Ferrari Formula One racing team. Enzo Ferrari founded the company in 1939 in Modena, Italy. Ferrari is a rare example of a company that has maintained its reputation and financial success over a long period. Ferrari makes sports and GT cars, supercars, Formula One racing cars, and V8 engines for boats and motor homes. Compete against Mercedes, Porsche and Lamborghini as the most famous car brands in the world. Ferrari has been a part of the racing world and has been involved in the F1 circuit since the 1950s. The F1 racing team is the most successful in the history of the sport.
Thor Industries (THO)
The company designs, manufactures and distributes recreational vehicles, travel trailers, fifth wheels and camping trailers in the United States, Canada, Mexico, Brazil, China, Australia, New Zealand and Europe. The company also owns and operates RV-related websites. The company operates through two segments: Manufacturing and Retail. The manufacturing segment designs, manufactures, and distributes travel trailers, fifth wheels, camping trailers, and other specialty products. The Retail segment sells products under the Forest River brand and products manufactured by different manufacturers. The company has a market capitalization of $16.64 billion and is headquartered in Warren, Ohio.
Tata Motors (TTM)
Tata Motors is an Indian multinational automotive company headquartered in Mumbai, India. It is one of the largest automakers in India and sells its vehicles under the Tata Motors brand. Tata Motors is one of the largest automakers in India, with a product portfolio that includes trucks, buses, jeeps, and cars. In addition, it has two joint ventures in China, one in India and one in Bangladesh. The company’s global operations are divided into two distinct business units. The passenger vehicle unit includes cars and utility vehicles, and the commercial vehicle unit includes commercial vehicles, buses, and defense vehicles. The company has a market capitalization of $28.83 billion and is headquartered in MUMBAI, INDIA.
Ford Motor Company (F)
Ford Motor Company designs, manufactures, markets and services a variety of cars, trucks and other vehicles around the world. The company’s products are distributed to distributors and customers primarily in North America, South America, Europe, Africa, the Middle East, and Asia Pacific. Ford is one of the world’s most iconic brands, with a rich automobile manufacturing heritage dating back to 1903. It is also the world’s second largest automaker, with a strong presence in every region of the world. Ford’s global product portfolio includes automobiles, commercial vehicles, mobility and financial services. The company has a market capitalization of $44.45 billion and is headquartered in Dearborn, Michigan.
In the recent past, investing in the automobile sector has been a good option for many investors. The strong growth of the automotive industry and the increasing demand for new cars and insurance from emerging markets such as India, China and Brazil drive the development of this industry. If you want to invest in this industry, you can consider supporting Ferrari, Thor Industries, Tata Motors, and Ford Motor Company. These are the safest stocks to buy in 2022 as these companies are profitable and have a bright future.