Regulatory Disclosure Summary

Key Operational Details

Production Capacity Expansion:

  • Current annual production capacity in Brazil: approximately 110,000 units (2026)
  • Planned capacity increase to: 130,000 units by 2027

Retail Network Expansion:

  • Partnership with Mottu provides access to:
  • Over 500 points of sale across Brazil
  • 168 service locations nationwide
  • Plans to open three new exclusive dealerships during 2027
  • Initial focus on Southeast and Central-West regions of Brazil

Flagship Store Opening:

  • First TVS Motor Flagship Store opened at Avenida dos Bandeirantes, 1747, Vila Olímpia, São Paulo
  • Showroom area: 149 square meters
  • Total area: approximately 250 square meters
  • Designed to combine product displays, technology, and brand experience

Partnership Details

  • Collaboration with Mottu established four years ago
  • Combines TVS Motor's international expertise with Mottu's local distribution, sales, and support infrastructure
  • Authorized service locations will have specialized technical teams trained by TVS Motor
  • Local spare-parts availability ensured across the network

Product Portfolio

The expansion includes four motorcycle models targeting different consumer profiles:

  • TVS NTORQ 125: Sporty scooter with connectivity capabilities
  • TVS Raider 125: Urban mobility focus with efficiency and technology
  • TVS Apache 160: Combines performance and handling for everyday riding
  • TVS Apache 200: Racing-inspired technologies with focus on riding experience

Strategic Context

  • Brazil identified as strategically important market and key pillar of international growth ambitions
  • TVS Motor has operated in 18 Latin American markets for over 15 years
  • Company presence in more than 90 countries with over 50 million customers worldwide
  • Expansion part of broader international strategy to strengthen regional operations

Management Commentary

Peyman Kargar, President, International Business: "Brazil is a strategically important market for TVS Motor and a key pillar of our international growth ambitions. Through our partnership with Mottu, we are investing in our local capacity, expanding our retail footprint and strengthening the service ecosystem required to build a sustainable and enduring business for the years ahead."

Martin Corsunsky, Continental Business Head: "The Brazilian two-wheeler market is one of the most dynamic and significant in the world, closely aligned with our global expertise in mobility. We want to offer Brazilian riders products that combine technology, design, and performance, supported by a strong customer service and after-sales infrastructure."