Bajaj Auto and TVS Motor match growth momentum, but valuation gap stays wide
In Q1 FY27, Bajaj Auto and TVS Motor posted strong sales, revenue and profit growth on export demand. TVS led in vehicle volumes and electric two-wheeler growth, while Bajaj’s stronger export mix and profitability still came with a lower P/E multiple.
Bajaj Auto and TVS Motor posted strong Q1 FY27 sales, revenue and profit growth, supported by exports to Africa and Latin America. TVS led Bajaj in quarterly vehicle volumes and EV growth, while Bajaj traded at a roughly 37% valuation discount.
Why this matters
The comparison follows Bajaj and TVS driving India’s two-wheeler export rebound, while Bajaj Auto’s Q1 profit rose 42% on export-led volume growth and it targets an FY28 Pulsar electric motorcycle debut.
Retail-company is accelerating, up +1102600% QoQ.