Bajaj Auto vs TVS Motor: Growth and Valuation Gap

Bajaj Auto and TVS Motor Company are two major players in the two-wheeler industry.

Both companies have shown strong growth in their overseas sales, particularly in Africa and Latin America.

Bajaj Auto's exports jumped by 52% in the June 2026 quarter, while TVS Motor's overseas sales grew by 34% in the first quarter of FY27.

TVS Motor also saw a significant increase in electric vehicle sales, with an 86% growth.

Despite similar growth rates, the valuations of the two companies differ significantly.

Bajaj Auto trades at a P/E of 28.5 times, while TVS Motor trades at a higher P/E of 45.4 times.

Investors are watching both companies closely to see if they can sustain this growth momentum.