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TVS Motor Q1 profit jumps 51 per cent on strong domestic and EV sales
Revenue climbs 38 per cent as exports, scooters and electric vehicles drive growth
MUMBAI: TVS Motor shifted into top gear this quarter, with every engine of growth firing in sync. The two- and three-wheeler maker reported a strong start to FY27, posting a 51 per cent year-on-year rise in consolidated profit after tax as robust domestic demand, surging exports and accelerating electric vehicle sales powered its performance.
The company reported revenue from operations of Rs 13,896 crore for the April-June quarter, up 38 per cent from Rs 10,081 crore in the corresponding period last year.
Profit after tax climbed to Rs 1,174 crore, compared with Rs 776 crore a year earlier, while EBITDA rose 41 per cent to Rs 1,779 crore. The company’s EBITDA margin improved by 30 basis points to 12.8 per cent, from 12.5 per cent in the year-ago quarter.
Demand remained strong across product categories, with overall two- and three-wheeler sales increasing 28 per cent year-on-year to 1.63 million units, up from 1.28 million units in Q1 FY26.
Within the portfolio, motorcycle sales grew 19 per cent to 740,000 units, while scooter sales surged 36 per cent to 680,000 units, reflecting healthy consumer demand in the domestic market.
The company’s international business also gathered momentum. Exports rose 33 per cent year-on-year to 470,000 units, compared with 350,000 units in the corresponding quarter last year, reinforcing TVS Motor’s expanding global presence.
Electric mobility remained the standout growth driver. Electric two-wheeler sales jumped 86 per cent to 129,940 units from 70,060 units a year earlier, while the company crossed the milestone of one million EV customers, highlighting the growing acceptance of its electric mobility portfolio.
The three-wheeler business also posted robust growth, with sales rising 48 per cent to 66,697 units, compared with 44,978 units in the first quarter of FY26.
The performance came despite rising input costs during the quarter. TVS Motor said commodity prices witnessed a sharp upward trend owing to global market uncertainties, increasing production costs. However, the company offset much of the impact through selective price increases, cost optimisation measures and operating leverage derived from higher volumes.
The results underline TVS Motor’s balanced growth strategy, with domestic demand, exports and electric mobility all contributing to its strongest quarterly performance. As EV adoption accelerates and overseas markets continue to expand, the company appears well positioned to sustain its momentum despite a volatile commodity environment.
