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Systematix Research Report
TVS Motor Company Ltd. has substantially improved its competitive positioning in the automotive industry during the prevailing downcycle, through-
multiple successful model launches,
expansion in exports,
robust profitability, and,
a sound electric vehicle strategy.
In its latest annual report, the company highlighted that it would focus on improving its EV portfolio (in India under the iQube brand), and also jointly develop options for the global markets in association with BMW.
Latest media reports indicate TVS Motor is looking to raise up to $650 million for its EV arm to quickly ramp up its product pipeline and global presence.
Over the last five years, the company reported compound annual growth rate of 3%/ 11%/ 17% in volume/ revenue/ Ebitda, respectively, versus 2% decline in the industry.
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