Recently, the stock price of TVS Motor Company Ltd. (TVS Motor) corrected by ~22% from 52-week high of Rs.795 despite reporting good set of numbers in the recent quarters. TVS Motor is the 4th largest 2-wheeler manufacturer with a strong presence in the scooter segment. Its scooter segment has surpassed the growth of the motorcycles segment over the past couple of years and currently contributes 30% to the total 2-wheeler volume. Volume growth of TVS Motor attributed to good response to new products in domestic...