TVS Motor Company delivered a strong start to FY27, reporting a 51% year-on-year rise in consolidated profit after tax for the first quarter, supported by robust domestic demand, export growth and accelerating electric vehicle (EV) sales. The company also crossed the milestone of one million EV customers, reinforcing its growing presence in India’s electric mobility market.
For the quarter ended June 2026, TVS Motor posted revenue from operations of ₹13,896 crore, up 38% from ₹10,081 crore in the corresponding quarter last year. Consolidated profit after tax rose to ₹1,174 crore, compared to ₹776 crore a year ago, while EBITDA increased 41% to ₹1,779 crore. The EBITDA margin improved to 12.8%, up from 12.5% in Q1 FY26.
The company’s overall two- and three-wheeler sales grew 28% year-on-year to 1.63 million units, driven by healthy demand across categories. Motorcycle sales rose 19% to 740,000 units, while scooter sales climbed 36% to 680,000 units during the quarter.
International operations also posted strong momentum, with exports increasing 33% to 470,000 units, compared to 350,000 units in the year-ago period.
TVS Motor’s EV business continued to be one of its fastest-growing segments. Electric two-wheeler sales surged 86% to 129,940 units, up from 70,060 units in the same quarter last year. The company said crossing the one-million EV customer milestone reflects rising consumer confidence in its electric mobility portfolio.
Three-wheeler sales also grew 48% year-on-year to 66,697 units.
Despite rising commodity prices and global market uncertainties, TVS Motor said it protected profitability through selective price revisions, cost optimisation initiatives and operating leverage, helping offset higher input costs while maintaining strong financial performance.
