TVS Motor Company

Tighter liquidity means banks face higher funding costs, which compresses their margins.

On the bright side, Nifty Auto surged 0.90%, with Bajaj Auto gaining 2.62% and TVS Motor up 2%, riding strong September sales momentum.

Nifty Pharma also held up, gaining 0.45%.

Now, the stock that genuinely turned heads today was Bajaj Auto, closing at Rs 10,034, up 2.62%, making it a top Nifty 50 gainer even as the index fell.

We are expecting more cars coming in from Ceylanders side.

But apart from Ceylanders, I must say, you know, and we barely talk of component makers on this podcast, but the likes of Madhasan Sumi, Sona Comstar, Sundaram Vasanas, Sundaram, you know, the TVS group and some of the components that they make.

Bharat Forge, you know, and these are the groups that are Tata Autocomp, you know, I mean, they're exporting critical parts to all key global multinational corporations around the world.

So I think in terms of capability, in terms of engineering, we are there.

So I think that will give further legs to export story from India

in the future.

Kiran, you mentioned TVS from the component point of view, but I have to also ask you about exports as a brand because TVS does export as TVS full motorcycles, Rajaj as well.

So Indian brands are on the two-wheeler side also exporting.

Founder Bhavish Agarwal has pledged 20 crore shares to finance the subscription for the rights issue.

September registrations placed the company fifth in market share behind competitors like TVS Motor and Ather Energy.

Deliveries recovered slightly but remain below levels from a year ago.

The sharper stock decline suggests investors question if this capital infusion restores sales growth or postpones funding needs.

And if it meets those three criteria, then you invest.

And, you know, you talk so much about valuation.

I think, for example, a TVS Motors, another business or another company where investors really worry about valuation.

Yes, it's got the market share gains, the margin expansion, EV, all of that going for it.

But then valuation.

The big story this month is consolidation.

TVS Motor, Bajaj Auto and Hero Motor Corp backed Vida together accounted for 61.8% of electric two-wheeler registrations in the first 28 days of September.

signaling that the market is gradually consolidating around established manufacturers.

According to Vahan data, as of September 28, TVS Motor continued to lead the pack with a 26.4% market share.

Bajaj Auto followed at 23.6% while Vita came in at 11.7%.

Put together, these three players