TVSMOTOR

TVS Motor Company — 2W/3W Mobility

📌 Business TVS is a major two-wheeler and three-wheeler manufacturer with rising export share. 📌 Strengths Strong product portfolio: Apache, Jupiter, Raider Leadership in premium motorcycles & scooters Fast-growing EV division (iQube, future models) Exports to 60+ countries 📌 Why Investors Like It Premiumisation trend supports margins India mobility cycle improving EV transition leadership vs peers Good brand, strong dealer network ⚠️ Risks Input cost volatility Competition from Bajaj, Hero, Honda & EV players Macro demand sensitivity