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TVS Motors
SectorConsumer Discretionary
TVS Motor Company is an Indian two and three-wheeler manufacturer with global operations. It is the third largest two-wheeler manufacturer in India, with an annual production capacity of 4 million two-wheelers and 120,000 three-wheelers. The company operates manufacturing plants in India and Indonesia, exporting to over 60 countries. TVS Motor Company produces a range of vehicles including motorcycles, scooters, electric scooters, three-wheelers, and mopeds. Key product lines include TVS Apache, Jupiter, Ntorq, Raider, and iQube. The company also offers services such as vehicle maintenance, roadside assistance, and genuine parts. TVS Motor Company has expanded through acquisitions and partnerships, including the purchase of Norton Motorcycles and collaborations with BMW Motorrad. The company has diversified into electric vehicles and has made investments in related technologies and businesses.
In the news
TVS Group Restructuring: Two Inheritances, Unequal Outcomes
TVS Family Feud: When Succession Plans Hit a Market Cap Wall
TVS Motor's Venu Srinivasan: EVs not sole solution to emissions
TVS Motor Q2FY27: Two-wheeler sales rise 27% to 1.8 million units
Market Experts Share Buy, Hold, Sell Recommendations for 21 Stocks
TVS Motors shares fall 4% on crude oil fears despite 21% sales jump
Auto Sales Hit Record 4.5L Units in August Ahead of Festive Season
TVS Motor's CEO Transition: Strategic Evolution Under Peyman Kargar
TVS Motor ends KNR era as Radhakrishnan steps down after 18 years
TVS Motor Gets Multiple Buy Ratings: Emkay Sets ₹5,300 Target
Jefferies Names TVS, Eicher Top Auto Picks Among 9 Buy Ratings
TVS Motor posts record 6.30 lakh July sales, EVs surge 158%, shares gain 2%
Auto Sales Hit Record High: 26% Growth Across All Segments in July
TVS Motor's Electric Two-Wheeler Strategy: How Legacy Trust Won July 2026
Electric two-wheeler sales cross 1M milestone in record 6 months
TVS Motor raises stake in TVS Credit to 85.15% with ₹711-crore deal
Emkay Global bullish on TVS Motor, targets ₹5300; LKP sets ₹4508
Bajaj Auto, TVS Motor Hit 52-Week Highs on Strong Q1 Earnings
TVS Motor Q1 profit hits record ₹1,174 cr, stock up 4%
Regulatory Compliance, Capital Allocation, and Earnings Performance: A Cross-Sector Analysis
Company insights, generated from the most recent coverage.
Over FY23–FY26 revenue rose 75% to ₹56,091 crore while ROE climbed 26.4% to 35.3% and EBITDA margin 12.54% to 14.89%. Growth is not just top-line — returns on capital expanded alongside it, the signature of genuine operating leverage rather than share-buying scale.
TVS beat the industry on every engine in FY26: domestic ICE volumes +21/21/26% vs industry +8/16/24%, exports +31–35%, three-wheelers +65% in Q4, EVs +51% at 115,000 units in Q4 (~₹5,000 crore full-year EV revenue). Four independent growth engines, each outgrowing its market.
TVS Motor sits under TVS Holdings, not Sundaram-Clayton, so the two companies' profit trajectories are unrelated businesses rather than one funding the other. Comparing them as peers misreads the post-demerger structure.