TVS Motor Company Ltd
NSE:TVSMOTOR
TVS Motor Company Ltd
In the bustling realm of the Indian auto industry, TVS Motor Company Ltd. stands as a pivotal player, weaving its narrative with a blend of innovation and tradition. Embodying the spirit of the TVS Group, a venerable conglomerate with over a century of industrial legacy, TVS Motor navigates the motor vehicle landscape with agility and foresight. The company primarily thrives on the manufacture and sale of two-wheelers, a segment that dominates the Indian market due to the pragmatic needs of its vast consumer base. From sporty motorcycles to efficient scooters, TVS targets a diverse customer demographic, offering products that meet the demands of both urban commuters and rural riders. Its success is largely attributed to a robust distribution network and a strong brand presence that has been meticulously built over decades.
Underlying its operations is a continuous drive to integrate technology with sustainability. TVS Motor has pivoted towards embracing electric mobility, signaling its responsiveness to global trends and environmental imperatives. The strategic introduction of electric scooters demonstrates its commitment to future-ready solutions while ensuring it remains at the forefront of innovation. Revenue is generated not just from the sales of its vehicles but also through the provision of extensive after-sales services, spare parts, and financing options, all of which enhance customer loyalty and drive recurring income. By focusing on a holistic customer experience and sustainable practices, TVS Motor Company not only insures itself against the volatility of market demand but also ensures its enduring relevance in the ever-evolving automotive narrative.
In the bustling realm of the Indian auto industry, TVS Motor Company Ltd. stands as a pivotal player, weaving its narrative with a blend of innovation and tradition. Embodying the spirit of the TVS Group, a venerable conglomerate with over a century of industrial legacy, TVS Motor navigates the motor vehicle landscape with agility and foresight. The company primarily thrives on the manufacture and sale of two-wheelers, a segment that dominates the Indian market due to the pragmatic needs of its vast consumer base. From sporty motorcycles to efficient scooters, TVS targets a diverse customer demographic, offering products that meet the demands of both urban commuters and rural riders. Its success is largely attributed to a robust distribution network and a strong brand presence that has been meticulously built over decades.
Underlying its operations is a continuous drive to integrate technology with sustainability. TVS Motor has pivoted towards embracing electric mobility, signaling its responsiveness to global trends and environmental imperatives. The strategic introduction of electric scooters demonstrates its commitment to future-ready solutions while ensuring it remains at the forefront of innovation. Revenue is generated not just from the sales of its vehicles but also through the provision of extensive after-sales services, spare parts, and financing options, all of which enhance customer loyalty and drive recurring income. By focusing on a holistic customer experience and sustainable practices, TVS Motor Company not only insures itself against the volatility of market demand but also ensures its enduring relevance in the ever-evolving automotive narrative.
Record Performance: TVS Motor delivered its highest ever quarterly sales, revenue, and profits in Q3 FY'26, with strong growth across all major metrics.
Revenue Growth: Revenue rose 37% year-on-year to INR 12,476 crores, outpacing industry growth rates both domestically and internationally.
Profitability: EBITDA increased 51% YoY to INR 1,634 crores, and margins improved by 120 bps to 13.1%. Profit after tax jumped to INR 940 crores, up from INR 618 crores last year.
Scooter & EV Momentum: Scooter and premium segment volumes, as well as EV sales, grew faster than the industry, with 2-wheeler EV volumes up 40% YoY.
Positive Outlook: Management expects continued strong growth in Q4, thanks to GST benefits, healthy rural and urban demand, and scale benefits.
Cost Strategy: The company is mitigating commodity inflation via cost reduction, premiumization, and selective price increases (~0.2–0.3%), with balanced approach to pricing.
CapEx & Investments: CapEx guidance raised to INR 1,700 crores and investments to INR 2,900 crores for the year, primarily for capacity expansion, Norton, TVS Credit, and new projects.
