TVS Motor Company announced the appointment of Peyman Kargar as Director and Chief Executive Officer, effective January 27, 2027. The announcement was made through a regulatory filing submitted to BSE Limited and National Stock Exchange of India Ltd. on August 28, 2026 at 10:15 AM IST.
Leadership Transition Details
K. N. Radhakrishnan will continue as Director and Chief Executive Officer until January 27, 2027 to ensure a seamless transition. Following the transition, Radhakrishnan will serve as Non-Executive Director up to the date of the ensuing Annual General Meeting scheduled in July 2027.
Company Performance Context
The leadership transition comes as TVS Motor Company builds on strong business performance. In FY2025-26, the company achieved record performance, selling 5.9 million vehicles globally and delivering 30% revenue growth. The company is consolidating its position in India and expanding its global presence.
Background of New CEO
Peyman Kargar currently serves as President, International Business at TVS Motor Company. He brings more than three decades of global automotive leadership experience across Europe, Asia, Africa and the Middle East. Under his leadership, International Business has become an increasingly important contributor to TVS Motor Company's global expansion, currently contributing 29% of the company's sales volume and growing at 33%.
Future Strategy
In his new role, Kargar will lead the company as it focuses on further growing its business in India and globally through product innovation, premiumisation and expansion into developed markets.
Management Commentary
Sudarshan Venu, Chairman of TVS Motor Company, stated that the appointment marks an important step as the company prepares for the future. He expressed confidence in Kargar's ability to strengthen the company's position among the world's leading mobility companies.
Peyman Kargar acknowledged the privilege of his appointment and emphasized that the guiding principles of the TVS Way and its values will remain the North Star. He plans to focus on strengthening technology leadership, AI capabilities, commitment to quality, and customer centricity.
K. N. Radhakrishnan expressed gratitude for the opportunity to serve as CEO and confidence in Kargar's ability to lead the company with distinction.
Company Background
TVS Motor Company is part of TVS VENU and is a global manufacturer of two and three-wheelers with four manufacturing facilities in India and Indonesia. The company has won the prestigious Deming Prize and has been ranked No. 1 in the J.D. Power Customer Service Satisfaction Survey for four consecutive years.