India's TVS Motor slides after naming Peyman Kargar as next CEO

TVS Motor

28/08/2026 06:59

** Shares of TVS Motor TVSM.NS down 2% to 4323 rupees 
** India's third-largest two-wheeler maker names Peyman Kargar as CEO, effective Jan 27, 2027
** Kargar will replace K N Radhakrishnan, who has held the role since 2008
** Stock set for its worst session since June 29
** Shares were nearly flat prior to the announcement
** Avg rating of 37 analysts covering the stock is "buy" and median PT is 4,270 rupees - data compiled by LSEG
** YTD, TVSM up ~16% 

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))