Jefferies sees strong growth potential for TVS Motor in EV segment; maintains 'buy'

TVS is now the second largest player in the electric two-wheeler (E2W) market with a 20% market share in March, which is comparable to its 24% market share in ICE scooters. The company recorded its highest-ever EV sales of 15,522 units in February 2023.

TVS Motor jumps 5% after better-than-expected Q3 earnings; brokerages mixed on the stock

The stock surged as much as 5.1 percent to ₹1,036.70 in intraday deals. However, it has shed 4.5 percent in January so far. In the last 1 year, the stock surged 60 percent on the back of a revival in demand.

TVS Motor: From March lows, this stock has rallied 106%; this is what Jefferies and Prabhudas Lilladher has to say

TVS crossed the ₹1,000 level for the first time on September 01 this year and climbed further to reach an all-time high of ₹1,084.85. Following the rapid rise in the stock price, the market capitalization of stock surpassed ₹50,000 crore.

M&M or TVS Motor: Here's the one analysts prefer for the long term

Mahindra and Mahindra (M&amp;M) and TVS Motors, both have performed well in the past 1 year. While M&amp;M has risen 46 percent, TVS Motor has gained 40 percent.

TVS plans to raise up to ₹5,000 crore to expand EV arm: Report

<ul><li>Motilal Oswal expects TVS Motor's volume growth may be driven by new products (Raider and Jupiter 125) in the domestic market as well as a ramp-up in exports.</li></ul>

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Jefferies sees strong growth potential for TVS Motor in EV segment; maintains 'buy'

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