Research ReportsTVS Motor Q1 - Continuing To Move Up The Margin Curve; EV Portfolio Getting Enriched Further: ICICI Securities
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TVS Motor Q1 - Continuing To Move Up The Margin Curve; EV Portfolio Getting Enriched Further: ICICI Securities
The brokerage believes the company has the capability to deliver 12–12.5% Ebitdam in FY25–26E, despite e2W scaling in excess of ~30,000 units/month with 10% CAGR in overall volume in FY24–26E.
Image used for representational purpose (Source: TVS Motor website)
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