In a recent interview, Sudarshan Venu, MD of TVS Motor, emphasized that the two-wheeler industry is experiencing a strong recovery in the early weeks of January 2025. The resurgence in government infrastructure spending bodes well for the industry, with double-digit growth expected in FY25. TVS Motor aims to outperform the market by focusing on growth categories such as premium motorcycles and scooters. The company is set to launch a premium off-road motorcycle in 2025, alongside the successful introduction of the Jupiter 110 scooter.
Key export markets like Africa are showing signs of improvement, and TVS Motor plans to introduce new products in both electric two-wheelers and electric three-wheelers. With declining battery prices and ongoing innovations by OEMs, the company expects improved profitability in the EV segment. TVS Motor has also achieved leadership in the electric two-wheeler segment, capturing a 25% market share.
Despite a recent 23% decline in stock price, TVS Motor trades at 25 times the projected core earnings for December 2026. The company’s strong product portfolio, focus on margin improvement, and export recovery in key markets position it as a top performer in the industry.
Target Price: ₹2,800 Current Market Price: ₹2,292.45
(Source: The Hindu Businessline)
