TVS Motor Gains on Orbiter Launch

  Published 10 months ago

TVS Motor shares rise as new Orbiter eScooter launches at a competitive price, boosting sales optimism significantly.

  • UBS expects Orbiter to sell ~15,000 units monthly, capturing ~5% of the domestic two-wheeler market.
  • TVS may introduce a delivery-focused electric scooter and new Ntorq, expanding offerings to a wider customer base.
  • Thirty-five analysts maintain a "buy" rating; the median price target is 3,020 rupees, stock up 37% YTD.

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