StockWatch
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2/3 Wheelers
Management Change28 Aug 2026, 10:37 am

TVS Motor Appoints Peyman Kargar as Director & CEO

AI Summary

TVS Motor Company has announced the appointment of Peyman Kargar as its new Director and Chief Executive Officer, effective January 27, 2027. Kargar will succeed K. N. Radhakrishnan, who will transition to a Non-Executive Director role until the July 2027 AGM. This leadership change is intended to support the company's next phase of growth and innovation. Kargar, currently President of International Business, brings over three decades of global automotive leadership experience. The company reported a record performance in FY2025-26 with 5.9 million vehicles sold and 30% revenue growth, with its International Business contributing significantly.

Key Highlights

  • Peyman Kargar appointed as new Director and CEO, effective Jan 27, 2027.
  • K. N. Radhakrishnan to transition to Non-Executive Director role.
  • Appointment aims to drive future growth and innovation.
  • Kargar brings extensive global automotive leadership experience.
  • Company achieved record sales and revenue growth in FY2025-26.