BusinessPhoto: NDTV BusinessTVS Motor Q2 Sees Record Market Share, 47% EBITDA Growth
TVS Motor reported a 27% year-on-year increase in two- and three-wheeler sales, reaching approximately 1.9 million units in Q2. EBITDA rose significantly to Rs 2,219 crore from Rs 1,507 crore in the same quarter last year, driven by broad-based volume growth. Despite strong performance, Citi maintains a 'Sell' rating on the stock.
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