India's TVS Motor CEO transition to bolster global growth plans, analysts say

TVS Motor

31/08/2026 05:24

** Analysts say TVS Motor TVSM.NS naming international business head Peyman Kargar as new CEO will help guide international growth plans, next phase of growth
** Nomura ("Buy", TP at 4,594 rupees) believes expansion into premium, global segment portfolios will gain greater focus under new CEO, given his experience across luxury, global markets
** Nomura maintains positive stance and strong demand outlook for co despite leadership change leading to some near-term increase in perceived risk
** UBS ("Buy", TP: 4,925 rupees) says given significant growth opportunities that co sees in international markets, Kargar's elevation provides both strategic continuity, strong global perspective
** 27 out of 37 analysts rate stock "buy" or higher, median PT of 4,270 rupees - data compiled by LSEG
** Shares of co down 0.4% at 4,288.2 rupees; YTD, shares up 14.75%

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))