New Delhi, April 6 -- TVS Motor Company share price rallied over 3% in early trade on Monday after global brokerage Goldman Sachs upgraded its rating on the stock and raised its target price. TCS Motors shares gained as much as 3.31% to Rs.3,502.95 apiece on the BSE.

Goldman Sachs upgraded TVS Motor Company shares to 'Buy' from 'Neutral', citing superior volume visibility compared to peers, driven by upcoming premium product launches. The brokerage believes the company is well positioned to pass on raw material cost inflation, with relatively limited volume impact from metal and Brent crude price fluctuations, as seen in previous cycles.

The brokerage firm also highlighted a potential 35 basis points margin tailwind from the Production-...