TVS Motors shares declined 4% following concerns over elevated crude oil prices, according to reports from Upstox Securities. The stock movement reflects investor anxiety about potential impact of rising fuel costs on the two-wheeler manufacturer's operations and margins. This decline mirrors broader market movements, as WTI crude oil reached $86.06 per barrel, up 3% over the past 24 hours, driven by geopolitical tensions between the United States and Iran over the weekend. Brent crude futures jumped nearly 1% to trade above $91 per barrel amid simmering US-Iran tensions, with oil price benchmarks reaching their highest levels since August 25. The Gift Nifty was trading around 24,207, indicating a discount of nearly 44 points to the previous close, signaling a negative start for the domestic stock market. As per Live Mint, the US and Iran have launched strikes against each other for the first time in about a month as US forces hit an island in the Strait of Hormuz and Iranian forces launched attacks on the United Arab Emirates and Jordan.
Despite the market concerns, TVS Motors delivered robust sales growth in August, selling 616,540 units compared to 509,536 units in the same period last year, as reported by The Economic Times. This represents a 21% year-on-year increase in monthly sales, demonstrating the company's strong market demand and operational efficiency. The company's electric vehicle two-wheeler sales surged 137% year-on-year to 59,453 units, while international sales expanded by 29% YoY to 174,452 units and three-wheeler sales increased 34% to 25,103 units. However, total sales moderated sequentially, experiencing a slight decline of approximately 2.09% compared to the record high of 629,675 units sold in July 2026.
According to The Economic Times, total two-wheeler sales grew 21% to 5,91,437 units last month, with domestic two-wheeler sales rising 18% to 4,33,796 units from 3,68,862 units in the same month last year. The two-wheeler EVs registered exponential growth of 137% with sales of 59,453 units in August 2026 as against 25,138 units in August 2025. The company's international business recorded 29% year-on-year growth, with sales rising to 1,74,452 units in August 2026 from the previous year. The marginal sequential decline from July 2026 suggests temporary inventory realignment ahead of the high-demand festive season, with the company's EV monthly two-wheeler volumes stabilizing at 59,453 units, down approximately 2.43% from the 60,934 units recorded in July 2026.
The Indian stock market is expected to open lower on Tuesday, September 1, amid weak global cues and elevated crude oil prices due to fresh escalations in US-Iran tensions. The Nifty 50 settled at 24,080, down 0.39% in the previous session, while the 30-share Sensex lost 0.40% to close at 76,957. Market experts have identified TVS Motor Company as a buy opportunity with a target price of ₹4,430 and stop loss at ₹4,250, citing the company's strong fundamentals despite current market volatility. The company's Non-Convertible Redeemable Preference Shares stood fully redeemed on September 1, 2026, while the multi-segment model spanning robust ICE commuters, high-performance premium models, and a rapidly expanding EV lineup secures its long-term positioning despite short-term sequential cooling being overshadowed by strong YoY trajectory and upcoming festive tailwinds.
