TVS Motor Q2 Review: Record Market Share, 47% EBITDA Growth Spur Target Hikes; Why Citi Still Says 'Sell'

TVS Motor's operating performance was supported by a broad-based increase in volumes. Total two- and three-wheeler sales rose 27% year-on-year to around 1.9 million units, while EBITDA increased to Rs 2,219 crore from Rs 1,507 crore in the year-ago quarter.