TVS Motor July: Sales Beat, Strong Momentum

$TVSMOTOR TVS Motor July 2026 Sales Total Sales: 629,675 units vs 456,350 (YoY) ⬆️ Estimate: 510,000 units → Beat by ~23% Domestic Demand: Strong motorcycles & scooters Exports: Stable contribution 📊 Fundamentals & Ratios Revenue: ~₹320B+ Net Profit: ~₹18B+ Debt-to-Equity: ~0.6 P/E Ratio: ~28–30 ROE: ~22% Dividend Yield: ~1.3% 🏦 Projects EV expansion (iQube, infra) Premium motorcycle growth Export market push Digital retail initiatives Sustainability investments ⚠️ Risks Input cost pressures Export demand volatility Competitive intensity EV transition risks Regulatory challenges