India’s Tata Group (NYSE: TTM), producer of the “world’s cheapest car,” may soon claim the title of “world’s cheapest hybrid” or even the “world’s cheapest green car,” according to GreenMuze. Tata’s Nano currently goes for $2,155.
While there is no auto-specific ETF available, there are many ways investors can use ETFs to capitalize on the recovery of this industry. In particular, funds that hold platinum, steel and copper should benefit, while shipping ETFs should also get a boost when these new vehicles are delivered. (What ETFs to play as the auto industry recovers).
For more stories on the auto industry, visit our automobiles category.
Max Chen contributed to this article.