{"id":343129,"date":"2026-11-10T12:16:31","date_gmt":"2026-11-10T06:46:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=343129"},"modified":"2026-11-10T12:16:31","modified_gmt":"2026-11-10T06:46:31","slug":"tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/","title":{"rendered":"TVS Motor Share Price: 39.9% CAGR in 3 Years as the Chennai Maker Leaves Eicher, Bajaj Auto and Hero Behind"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#TVS_Motor_Share_Price_399_CAGR_in_3_Years_as_the_Chennai_Maker_Leaves_Eicher_Bajaj_Auto_and_Hero_Behind\" title=\"TVS Motor Share Price: 39.9% CAGR in 3 Years as the Chennai Maker Leaves Eicher, Bajaj Auto and Hero Behind\">TVS Motor Share Price: 39.9% CAGR in 3 Years as the Chennai Maker Leaves Eicher, Bajaj Auto and Hero Behind<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#How_Much_Has_the_TVS_Motor_Share_Price_Returned_in_3_Years\" title=\"How Much Has the TVS Motor Share Price Returned in 3 Years?\">How Much Has the TVS Motor Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#TVS_Motor_vs_Eicher_Motors_Bajaj_Auto_and_Hero_MotoCorp_3-Year_CAGR_Compared\" title=\"TVS Motor vs Eicher Motors, Bajaj Auto and Hero MotoCorp: 3-Year CAGR Compared\">TVS Motor vs Eicher Motors, Bajaj Auto and Hero MotoCorp: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#What_Is_Driving_the_TVS_Motor_Stock\" title=\"What Is Driving the TVS Motor Stock?\">What Is Driving the TVS Motor Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#How_to_Compare_Two-Wheeler_Stocks_Yourself\" title=\"How to Compare Two-Wheeler Stocks Yourself\">How to Compare Two-Wheeler Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#A_Growth_Leader_With_a_Strong_Return_on_Equity\" title=\"A Growth Leader With a Strong Return on Equity\">A Growth Leader With a Strong Return on Equity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#What_is_the_TVS_Motor_share_price_today\" title=\"What is the TVS Motor share price today?\">What is the TVS Motor share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#What_is_the_3-year_CAGR_of_the_TVS_Motor_stock\" title=\"What is the 3-year CAGR of the TVS Motor stock?\">What is the 3-year CAGR of the TVS Motor stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#Is_TVS_Motor_better_than_Hero_MotoCorp\" title=\"Is TVS Motor better than Hero MotoCorp?\">Is TVS Motor better than Hero MotoCorp?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#What_does_TVS_Motor_Company_do\" title=\"What does TVS Motor Company do?\">What does TVS Motor Company do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#Is_the_TVS_Motor_stock_debt_free\" title=\"Is the TVS Motor stock debt free?\">Is the TVS Motor stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#Is_TVS_Motor_expensive_compared_with_the_industry\" title=\"Is TVS Motor expensive compared with the industry?\">Is TVS Motor expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#Which_two-wheeler_stock_gave_the_highest_return_in_3_years\" title=\"Which two-wheeler stock gave the highest return in 3 years?\">Which two-wheeler stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/tvs-motor-share-price-3-year-cagr-vs-two-wheeler-peers-eicher-bajaj-auto-hero\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"TVS_Motor_Share_Price_399_CAGR_in_3_Years_as_the_Chennai_Maker_Leaves_Eicher_Bajaj_Auto_and_Hero_Behind\"><\/span><strong>TVS Motor Share Price: 39.9% CAGR in 3 Years as the Chennai Maker Leaves Eicher, Bajaj Auto and Hero Behind<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>TVS Motor previous close Rs 4,505.90. 3-year CAGR 39.9%. Up 2.7x since 9 Nov 2023. ROE 33.72%. Market cap Rs 2,13,362 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>TVS Motor share price<\/strong> closed at Rs 4,505.90 on 9 November 2026, a compounded annual return of 39.9% over three years. That compares with Eicher Motors at 29.1%, Bajaj Auto at 26.5% and Hero MotoCorp at 19.5%. The company has a market cap of Rs 2,13,362 crore and a P\/E of 53.50 against an industry P\/E of 25.70.<\/p>\n<\/p><\/div>\n<p>The <strong>TVS Motor share price<\/strong> has almost tripled in three years, and that makes TVS Motor Company the best performer among the large listed two-wheeler makers. The Chennai-based company has gained ground in scooters, motorcycles and exports at the same time.<\/p>\n<p>This article compares that run with Eicher Motors, Bajaj Auto and Hero MotoCorp. We calculate the three-year CAGR for all four and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=tvs-motor-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_TVS_Motor_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the TVS Motor Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The TVS Motor stock closed at Rs 1,646.90 on 9 November 2023 and at Rs 4,505.90 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.74 lakh, which is a CAGR of 39.9%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as TVS Motor can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>TVS Motor share price<\/strong> has also been helped by premium motorcycle demand, a growing electric scooter range and rising exports to Africa, Latin America and Asia.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TVS_Motor_vs_Eicher_Motors_Bajaj_Auto_and_Hero_MotoCorp_3-Year_CAGR_Compared\"><\/span><strong>TVS Motor vs Eicher Motors, Bajaj Auto and Hero MotoCorp: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 9 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (9 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">TVS Motor Company<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,646.90<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,505.90<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.7x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">39.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Eicher Motors<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,541.90<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 7,629.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.2x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">29.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Bajaj Auto<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 5,418.90<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 10,979.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.0x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">26.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Hero MotoCorp<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,173.90<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 5,410.50<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.7x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.5%<\/td>\n<\/tr>\n<\/table>\n<p>The TVS Motor stock leads the group at 39.9%, followed by Eicher Motors at 29.1%, Bajaj Auto at 26.5% and Hero MotoCorp at 19.5%. TVS Motor leads the group, followed by Eicher Motors, Bajaj Auto and Hero MotoCorp. Bajaj Auto is the largest of the four by market cap, so the TVS Motor return came from a business that is smaller than its biggest rival.<\/p>\n<p>Look at the <strong>TVS Motor share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Bajaj Auto<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,00,913 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.48<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.70<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">35.71%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.72<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/tvsmotor\/tvs-motor-company-ltd-share-price-today\">TVS Motor Company<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,13,362 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">53.50<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.70<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">33.72%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">3.48<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/eichermot\/eicher-motors-ltd-share-price-today\">Eicher Motors<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,09,186 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">36.24<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.70<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">21.97%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/heromotoco\/hero-motocorp-ltd-share-price-today\">Hero MotoCorp<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,08,288 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">17.97<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.70<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.64%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.06<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Bajaj Auto is the largest of the group at Rs 3,00,913 crore, while the TVS Motor stock stands at Rs 2,13,362 crore, about 71% of that size. On earnings, TVS Motor shares trade at a P\/E of 53.50 against an industry P\/E of 25.70, a premium of about 108%, which signals that the market expects faster earnings growth. Peer multiples are Eicher Motors at 36.24, Bajaj Auto at 23.48 and Hero MotoCorp at 17.97.<\/p>\n<p>Return on equity is 33.72% for the TVS Motor stock, which ranks second among the four, and debt to equity stands at 3.48. Trailing EPS is Rs 83.94. Auto stocks are valued on volume growth and margins, so the P\/E is best read next to return on equity and the share of premium products in the mix.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_TVS_Motor_Stock\"><\/span><strong>What Is Driving the TVS Motor Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TVS Motor makes motorcycles, scooters, mopeds and three-wheelers, and it has a growing range of electric two-wheelers. Its scooter brand is among the best known in India, and the Apache motorcycle range targets younger buyers.<\/p>\n<p>The company has also expanded its exports and its premium portfolio, which usually carries better margins than entry-level models. Strong festive demand and rural recovery add to volumes when conditions are favourable.<\/p>\n<p>Followers of the <strong>TVS Motor share price<\/strong> usually track monthly sales numbers, the share of premium models, electric vehicle volumes, export growth and operating margins.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Eicher Motors owns the Royal Enfield brand of mid-size motorcycles and has a joint venture in commercial vehicles with Volvo. It compounded at 29.1% a year, on a market cap of Rs 2,09,186 crore and an ROE of 21.97%.<\/p>\n<p>Bajaj Auto is a Pune-based maker of motorcycles and three-wheelers with a large export business. It compounded at 26.5% a year, on a market cap of Rs 3,00,913 crore and an ROE of 35.71%.<\/p>\n<p>Hero MotoCorp is India&#8217;s largest two-wheeler maker by volume, with strength in entry-level and commuter motorcycles. It compounded at 19.5% a year, on a market cap of Rs 1,08,288 crore and an ROE of 25.64%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>TVS Motor share price<\/strong>. First, monthly sales and market share in scooters. Second, the ramp-up of electric models. Third, export growth across emerging markets.<\/p>\n<p>At a P\/E of 54, expectations are high, and the multiple is the highest in the group. A premium valuation leaves less room if sales slow, so size any position with that in mind.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of auto stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Two-Wheeler_Stocks_Yourself\"><\/span><strong>How to Compare Two-Wheeler Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the TVS Motor stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>TVS Motor share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>TVS Motor share price<\/strong> and compare two-wheeler stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Growth_Leader_With_a_Strong_Return_on_Equity\"><\/span><strong>A Growth Leader With a Strong Return on Equity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>TVS Motor share price<\/strong> compounded at 39.9% a year over three years, ahead of Eicher Motors at 29.1%, Bajaj Auto at 26.5% and Hero MotoCorp at 19.5%. Its ROE of 33.72% is strong.<\/p>\n<p>Eicher brings the Royal Enfield premium franchise, Bajaj Auto brings export strength and the highest ROE, and Hero offers the lowest multiple. The choice depends on what you want from a two-wheeler stock.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_TVS_Motor_share_price_today\"><\/span><strong>What is the TVS Motor share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TVS Motor Company closed at Rs 4,505.90 on 9 November 2026, according to NSE data. It has a market cap of Rs 2,13,362 crore and a P\/E of 53.50. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_TVS_Motor_stock\"><\/span><strong>What is the 3-year CAGR of the TVS Motor stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TVS Motor Company delivered a price CAGR of 39.9% over three years, moving from Rs 1,646.90 on 9 November 2023 to Rs 4,505.90 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_TVS_Motor_better_than_Hero_MotoCorp\"><\/span><strong>Is TVS Motor better than Hero MotoCorp?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TVS Motor delivered a higher three-year CAGR at 39.9% than Hero MotoCorp at 19.5%. Hero trades at a lower P\/E of 17.97 against 53.50 and has a market cap of Rs 1,08,288 crore, while TVS Motor has a higher ROE at 33.72% against 25.64%. The better choice depends on your view of each business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_TVS_Motor_Company_do\"><\/span><strong>What does TVS Motor Company do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TVS Motor Company is a Chennai-based maker of motorcycles, scooters, mopeds, three-wheelers and electric two-wheelers, sold in India and in many export markets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_TVS_Motor_stock_debt_free\"><\/span><strong>Is the TVS Motor stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the TVS Motor stock is 3.48 and its return on equity is 33.72%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_TVS_Motor_expensive_compared_with_the_industry\"><\/span><strong>Is TVS Motor expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TVS Motor trades at a P\/E of 53.50 against an industry P\/E of 25.70. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_two-wheeler_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which two-wheeler stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, TVS Motor Company delivered the highest three-year CAGR at 39.9%, followed by Eicher Motors at 29.1%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the TVS Motor share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"TVS Motor Company closed at Rs 4,505.90 on 9 November 2026, according to NSE data. It has a market cap of Rs 2,13,362 crore and a P\/E of 53.50. 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See how it compares with Eicher Motors, Bajaj Auto and Hero MotoCorp on returns and ROE.<\/p>\n","protected":false},"author":34,"featured_media":343128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[21796,21798,21797,21799],"class_list":["post-343129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-tvs-motor-share-price","tag-tvs-motor-stock","tag-tvs-motor-vs-hero-motocorp","tag-two-wheeler-stocks-3-year-return"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["343128"],"rank_math_title":["TVS Motor Share Price: 39.9% CAGR vs Eicher, Hero"],"rank_math_description":["TVS Motor share price compounded at 39.9% a year over 3 years. See how it compares with Eicher Motors, Bajaj Auto and Hero MotoCorp on returns and ROE."],"rank_math_focus_keyword":["TVS Motor share price | Density Target: 1.2-1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/tvs-motor-share-price-39-9-cagr-in-3-years-as-the-chennai-maker-leaves-eicher.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=343129"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343129\/revisions"}],"predecessor-version":[{"id":343130,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/343129\/revisions\/343130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/343128"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=343129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=343129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=343129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}