TVS Motor Company, a prominent player in the two and three-wheeler manufacturing sector, has reported its highest-ever quarterly revenue and profit for the second quarter of the financial year 2026-27. The company announced a revenue of ₹17,103 crores, marking a significant 44% increase compared to ₹11,905 crores in the same period last year. This robust performance is attributed to strong sales figures and strategic market expansions.
The company achieved its highest-ever quarterly sales, with a total of 1.9 million units sold, reflecting a 27% growth from the 1.5 million units sold in the corresponding quarter of the previous year. This impressive sales growth was driven by a 28% increase in motorcycle sales, reaching 0.9 million units, and a 29% rise in scooter sales, amounting to 0.8 million units. Additionally, the company’s international business saw a 35% growth, with sales reaching 0.5 million units.
TVS Motor’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) also reached a record high of ₹2,219 crores, a 47% increase from ₹1,507 crores in the second quarter of 2025-26. The company’s EBITDA margin improved by 30 basis points to 13.0%, compared to 12.7% in the same quarter last year. Profit after tax surged by 52%, amounting to ₹1,377 crores, up from ₹904 crores in the previous year’s second quarter.
The company’s electric vehicle segment demonstrated remarkable growth, with two-wheeler electric vehicle sales increasing by 133%, reaching 186,186 units in the second quarter of 2026-27, compared to 80,009 units in the previous year. The three-wheeler segment also performed well, with sales growing by 47% to 78,475 units.
For the half-year ended September 2026, TVS Motor reported a total revenue growth of 41%, amounting to ₹30,999 crores, compared to ₹21,986 crores in the same period last year. The profit before tax for the half-year grew by 52%, reaching ₹3,454 crores.
Analysts view TVS Motor’s performance as a testament to its effective market strategies and expanding product portfolio, particularly in the electric vehicle segment. The company’s focus on sustainable mobility and international market expansion is expected to continue driving its growth trajectory in the coming quarters.
