TVS Motor profit surges 54% to record ₹3,524 cr as volumes hit 5.9M units
FY26 revenue rose 25% to ₹15,053 cr, with motorcycles up 24%, scooters 27%, EVs 33% and three-wheelers 63%. Company plans ₹3,500 cr capex to lift capacity to 8.3M units by FY27, riding strong African and Latin American export demand.
What happened
TVS Motor posted record FY26 results with profit up 54% to ₹3,524 crore on 25% revenue growth to ₹15,053 crore. Sales hit 5.9 million units across segments.
Key facts
- revenue ₹15,053 crore (+25%)
- profit ₹3,524 crore (+54%)
- Ebitda ₹8,393 crore (+26%)
- Ebitda margin 14.97%
- 5.9 million units sold
- motorcycles 2.7M (+24%)
- scooters 2.4M (+27%)
- EVs 371,000 (+33%)
- three-wheelers 219,000 (+63%)
- capex ₹3,500 crore FY27
- capacity to 8.3M units
Why this matters
The 63% three-wheeler surge and 33% EV growth highlight where bolt-on acquisitions or JVs in African/LatAm distribution and EV component supply could compound the ₹3,500 cr organic capex bet.