TVS Motor profit jumps 41.8% in FY26, plans Rs1,900 cr capex for FY27
TVS Motor closed FY26 with record revenue of Rs47,270 cr (+30%) and net profit of Rs3,780 cr (+41.8%), driven by scooters (+27%), EVs (+33%) and exports (+33%). Volumes hit 58.89 lakh units. Capex of Rs1,800-1,900 cr lined up for FY27 alongside Orbiter V1 EV launch at Rs49,999.
What happened
TVS Motor posted record FY26 with revenue up 30% to Rs47,270 cr and profit up 41.8% to Rs3,780 cr, fueled by scooters, EVs and exports. Plans Rs1,800-1,900 cr
Key facts
- FY26 revenue Rs47,270 cr (+30% YoY)
- net profit Rs3,780 cr (+41.8%)
- Ebitda margin 12.9%
- FY27 capex Rs1,800-1,900 cr
- 58.89 lakh units sold (+24%)
- EV sales 371,000 (+33%)
- scooter sales 24.13 lakh (+27%)
- exports 15.8 lakh (+33%)
- Orbiter V1 priced Rs49,999
- Q4 revenue Rs12,808 cr
Why this matters
TVS's aggressive EV push (Orbiter V1 at Rs49,999) and Rs1,900 cr capex pipeline raise the stakes for partnership, supply-chain lock-in, and competitive EV launches before TVS cements category leadership.