India's TVS jumps as UBS sees strong EV momentum after Orbiter launch

Ather Energy

29/08/2025 06:17

** Shares of TVS Motor TVSM.NS rise 1.35% to 3,299 rupees; set to snap three days of losses, if current trend holds

** The bike maker launches an eScooter, Orbiter, which is priced at 99,900 rupees

** UBS ("Buy", PT: 3,475 rupees) says Orbiter is well-positioned to compete with peers such as Ather's ATHR.NS Rizta and Bajaj's BAJA.NS Chetak, offering comparable specs at a more attractive price point

** Expects Orbiter to sell ~15,000 units every month post ramp-up, brokerage says, likely about ~5% share of co's 2025 April-July domestic 2-wheeler volumes

** Says may follow up with a delivery-focused electric two-wheeler at a more accessible price, and optimistic for the all-new Ntorq, possibly extending to 150cc

** Thirty-five analysts have "buy" rating on avg; median PT is 3,020 rupees - data compiled by LSEG

** Stock up ~37%, YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))