Weak mix pulls down realisations..: Total volumes grew 12.5% YoY (+9% QoQ) to 718k units, driven by ~19% YoY growth (-0.4% QoQ) in scooters and ~18% YoY growth (+14.3% QoQ) in mopeds. Exports declined by ~13.5% YoY. Realizations declined by 6% QoQ (-0.5% YoY) to ~INR40.1k (v/s est ~INR43.1k) due to lower contribution from exports. Net sales grew ~11.9% YoY (+2.3% QoQ) to INR28.8b (v/s ~INR30.9b).Motilal Oswal Maintain Buy with a target price of INR323 (~18x FY18E EPS + ~INR33/share for BMW alliance).Trendlyne has 5 reports on TVSMOTOR updated in the last year from 4 brokers with an average target of Rs . Brokers have a rating for TVSMOTOR with 1 price downgrade in past 6 months and 2 price downgrades,2 price upgrades in past 1 Year.