TVS Motor delivered exceptional Q2FY27 results with total quarterly sales reaching 1.9 million units, driven by a 27% YoY increase in two-wheeler volumes to 1.8 million units. The company also reported a 24% YoY rise in September monthly sales to 672,790 units, outperforming the market estimate of 652,000 units. According to latest reports, the strong performance was primarily driven by robust demand in the two-wheeler segment and significant growth in the electric vehicle portfolio. The company's three-wheeler segment also saw robust growth with quarterly sales expanding 47% to 78,475 units, while international business sales grew significantly by 35% YoY to 539,000 units for the quarter.
The electric mobility segment emerged as the primary growth driver, with TVS Motor recording 186,000 units in EV sales for Q2FY27, representing a 133% YoY jump. September alone saw EV sales of 65,799 units, marking a 110% YoY increase from 31,266 units in the corresponding period last year. As reported by Business Standard, this divergence indicates that the electric portfolio is gaining traction at a significantly faster rate than the traditional internal combustion engine business. The strong EV performance aligns with broader market trends, as pure electric vehicle registrations more than doubled during the month, indicating sustained momentum in the EV segment.
The two-wheeler segment demonstrated strong momentum across both companies. According to CNBC TV18, TVS Motor's two-wheeler sales rose 23% YoY to 6.46 lakh units from 5.24 lakh units, while Hero MotoCorp's domestic internal combustion engine dispatches increased to 7,10,436 units from 6,32,253 units year-on-year. ICE scooter dispatches at Hero MotoCorp increased 60% YoY, helping drive overall growth momentum. Domestic ICE VAHAN registrations rose 29% YoY, indicating strong retail demand ahead of the festive season, with the broader two-wheeler segment showing 48% growth in registrations. As per Business Standard, TVS Motor's domestic two-wheeler sales rose 17% to 482,073 units in September 2026 from 413,279 units in the same month last year.
Both companies demonstrated strong international presence and growth. According to CNBC TV18, Hero MotoCorp's global business recorded dispatches of 27,330 units, up 5% sequentially, while the company also crossed one million customers in Latin America during the month. In September specifically, international sales at TVS Motor rose 48% to 180,700 units, while international business sales grew 35% YoY to 539,000 units for the quarter. As reported by Business Standard, TVS Motor's total international sales from business were up 48% at 180,700 units as against 122,108 units in September 2025, with two-wheeler sales rising 48% to 163,882 units in September as against 110,644 units in the month year ago. The robust September sales performance across both companies reflects the sustained strength in India's automotive market ahead of the festive season, with both manufacturers successfully expanding their global footprint.
The strong performance by both companies aligns with robust automotive market trends. As reported by CNBC TV18, VAHAN data showed vehicle registrations rising 45% YoY in September 2026 so far, with two-wheeler registrations increasing 48% and passenger vehicle and commercial vehicle registrations rising 41% and 44% respectively. Pure electric vehicle registrations more than doubled during the month, indicating sustained momentum in the EV segment. The strong September sales performance across both companies reflects the sustained strength in India's automotive market ahead of the festive season, with both manufacturers successfully expanding their global footprint.
