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TVS Motor revs up with strong outlook, market share gains, new launches

Two-wheeler company's margin gains among factors that should be monitored: Analysts

TVS
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Ram Prasad Sahu Mumbai

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TVS Motor Company has been one of the best-performing two-wheeler stocks in this Financial Year (FY24), enriching investors with gains of 24 per cent. Among listed two-wheeler stocks, only Hero MotoCorp has done better in this period. New launches, market share gains, steady margins and expectations that its performance will continue in FY24 are expected to support TVS Motor’s stock.

New launches in the internal combustion engine and electric vehicle (EV) segments could be a near-term trigger. The company recently launched the TVS X, a premium electric scooter. Given the price point of Rs 2.5 lakh, the product

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First Published: Aug 29 2023 | 3:00 PM IST

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