- Chennai-based TVS Motor Company has surpassed Hero MotoCorp in value.
- TVS Motor shares have rallied 71% in 2022, while Hero MotoCorp’s have gained 2.4% making it’s market worth exceed Hero MotoCorp’s at 51,078 crore.
- TVS Motor benefited from EV sales. TVS iQube Electric sales increased to 4,923 from 766 in September 2021.
- Hero MotoCrop, its rival, joined the EV party late. VIDA V1 was released in October. Ather Energy and Ola Electric are well-established.