TVS Motor Shares in Focus after Hyper Scooter Launch and Nomura Upgrade

Shares of TVS motors are likely to be focused on Friday, while the company quoted a strong product pipeline in both electric and internal combustion engines (ICE) segments and the company has raised its target price on the stock by new performance scooters and brokerage numbers.

On Thursday, the TVS Motor announced the introduction of NTORQ 150, described as India’s first hyper sport scooter, designed for General Z Raiders. Early Rs. 1.19 lakh (former showroom, All India) priced, scooter race-tuned comes with a 149.7 cc engine, aggressive style and connected features with small, exhibitive buyers. The 150cc model is located to compete with the Aprilia SR 160 and Yamaha Aerox 155.

Bull

In a note on Thursday, Nomura reaffirmed its “buy” rating on TVS motor and increased its target price from Rs 3,949 to Rs 3,231. Brokerage said the NTORQ 150’s Ice scooter of TVS strengthens the lineup, while the next orbiter, the sub -100cc electric scooter, expands its urban EV portfolio.

Nomura expects the TV to move on to a wider two-wheeler industry, powered by new product launch, rising scooter market share and strong exports. It projects EV volume from 42% Yoy to 3.87 lakh units in FY 26 and 24% to 4.80 lakh units in the financial year. Ice scooter volumes are forecast to grow by 15% in FY 26 and 10% in the financial year 27.

Brokerage also sees domestic volume increasing 14% in FY 26 and 10% in FY 27, EBITDA margins range from 12.3% to 15.1% in the financial year from 12.3%.

Also read | Launches NTOR 150 Hyper scooter for TVS General Z Raiders: Check Range, Design and Price Details Here

Goods -work and technology

Shares of TVS motors have increased by 3% so far in 2025 but are down 2% in the last 12 months. From a technical point of view, the stock is trading all the eight key simple moving average (5-day to 200-day), indicating bullish underweight in both short and long-term charts.

Related strength index (RSI) is at 80.9, indicating excessive purchase status and near -term pullback. Meanwhile, the average convergence diversion (MACD) is at 127.7, which is above both center and signal lines, strengthening the current boom speed.

Also read | Profit in usage areas won’t finish the GST rally: analysts

(Connection: The recommendations, suggestions, views and views of the experts are their own. This does not represent opinions of economic time)