What are Motilal Oswal's target prices for TVS Motor and Bajaj Auto?

Motilal Oswal Wealth Management has set target prices of ₹4,817 for TVS Motor and ₹12,162 for Bajaj Auto. It highlighted TVS Motor's 27% year-on-year volume growth in the second quarter of FY27, compared with Bajaj Auto's 20%. The brokerage's preferred OEM picks were Mahindra & Mahindra, Maruti Suzuki and TVS Motor, citing their product positioning and growth opportunities.