Quarterly Financial Performance (Q2 FY2026-27)

Revenue:

  • Record quarterly revenue of ₹17,103 Crores, representing 44% growth compared to Q2 FY2025-26 revenue of ₹11,905 Crores

Profitability:

  • Highest-ever EBITDA of ₹2,219 Crores, showing 47% growth from ₹1,507 Crores in Q2 FY2025-26
  • EBITDA margin improved by 30 basis points to 13.0% from 12.7% in the same quarter previous year
  • Profit After Tax grew by 52% to ₹1,377 Crores from ₹904 Crores in Q2 FY2025-26

Sales Performance (Q2 FY2026-27)

Overall Sales:

  • Highest-ever quarterly sales of 1.9 million units, representing 27% growth from 1.5 million units in Q2 FY2025-26

Segment-wise Breakdown:

  • Motorcycles: 0.9 million units (28% growth from 0.7 million units)
  • Scooters: 0.8 million units (29% growth from 0.6 million units)
  • Two-wheeler electric vehicles: 186,186 units (133% growth from 80,009 units)
  • Three-wheelers: 78,475 units (47% growth from 53,449 units)
  • International Business: 0.5 million units (35% growth from 0.4 million units)

Half-Year Financial Performance (H1 FY2026-27)

Revenue:

  • Total revenue of ₹30,999 Crores, showing 41% growth compared to H1 FY2025-26 revenue of ₹21,986 Crores

Profitability:

  • Profit Before Tax of ₹3,454 Crores, representing 52% growth from ₹2,274 Crores in H1 FY2025-26
  • Profit After Tax of ₹2,551 Crores, showing 52% growth from ₹1,679 Crores in H1 FY2025-26
  • EBITDA margin improved by 30 basis points to 12.9% from 12.6% in the same period previous year

Half-Year Sales Performance:

  • Total two-wheeler sales: 3.4 million units (27% growth from 2.7 million units)
  • Total three-wheeler sales: 145,172 units (47% growth from 98,427 units)
  • International Business (two and three-wheelers): 1.0 million units (34% growth from 0.8 million units)
  • Total sales: 3.5 million units (28% growth from 2.8 million units)

Key Business Highlights

Leadership Changes:

  • Mr. Peyman Kargar appointed as Director & CEO effective January 27, 2027
  • Chairman Mr. Sudarshan Venu featured on Forbes Asia cover

Product Launches & Expansions:

  • All-new range of TVS Apache RTR launched
  • TVS Raider expanded to African market
  • TVS Jupiter introduced India's first spectral colour scooter
  • TVS Orbiter and NTORQ 150 launched in Sri Lanka
  • TVS Callisto 110 launched in Jakarta

Milestones Achieved:

  • TVS Orbiter reached 100,000 unit milestone in its first anniversary
  • TVS iQube electric scooter crossed one million units with MillionR Special Edition
  • TVS Raider Super Squad Edition: India's first motorcycle unveiled in cinema hall

Awards & Recognition:

  • TVS King Kargo HD won Electric Three-Wheeler of the Year award at Entrepreneur India EV awards

Company Background

TVS Motor Company is a global two and three-wheeler manufacturer with four manufacturing facilities in India and Indonesia. The company has won the Deming Prize and has been ranked No. 1 in J.D. Power Customer Service Satisfaction Survey for four consecutive years. The company operates in 90 countries.