![EV disruption: Hero most vulnerable, TVS has R&D benefit, says UBS](https://images.assettype.com/fortuneindia%2F2022-01%2Fcd19a19b-054c-4182-9fbe-f44acd872421%2FTVS_MG_7370_copy.jpg?w=300&q=95)
EV disruption: Hero most vulnerable, TVS has R&D benefit, says UBS
Hero MotoCorp needs to monetise its internal EV developments, or it will be dethroned once the market is fully electrified. TVS is poised to benefit from its strong R&D initiatives and brand building