TVS and Bajaj ride EVs and exports to record Q1 profits
TVS Motor reported a 51% rise in Q1 FY27 profit to ₹1,174 crore as electric two-wheeler sales climbed 86%. Bajaj Auto’s standalone profit rose 42% to ₹2,983 crore, with EVs contributing nearly 30% of domestic revenue as it prepares launches and capacity expansion.
What happened
TVS Motor and Bajaj Auto reported record Q1 FY27 profits, driven by EVs, premium products and exports. TVS accelerated electric two-wheeler sales, while Bajaj
Key facts
- TVS Motor Q1 FY27 PAT rose 51% to ₹1,174 crore
- TVS Motor revenue rose 38% to ₹13,896 crore
- Bajaj Auto standalone Q1 FY27 profit rose 42% to ₹2,983 crore
- Bajaj Auto revenue rose 37% to ₹17,244 crore
- TVS electric two-wheeler sales rose 86% to 1,29,940 units
- TVS scooter sales rose 36%
- TVS international sales rose 33% to 4.68 lakh units
- TVS EBITDA margin expanded to 12.8% from 12.5%
- Bajaj EVs contribute nearly 30% of domestic revenue
- Bajaj export volumes exceeded 7 lakh units
- Bajaj plans to raise annual capacity from about 7 million units to over 9 million units
- Bajaj plans around 10 new or upgraded motorcycle launches
Why this matters
With Bajaj deriving nearly 30% of domestic revenue from EVs and both companies expanding launches and capacity, targets in batteries, charging, software and EV distribution could become strategically valuable.