TVS MOTOR COMPANY LTD.

TVS Motor Company has expanded its global product portfolio by launching the TVS Callisto 110 scooter in Istanbul, Turkey. This launch is in partnership with Uğur Motorlu Araçlar (UMA). The Callisto 110 is designed for urban commutes, featuring a 113.3 cc fuel-injected engine with CVTi automatic transmission, silent start, and next-generation Stop-Go technology for improved fuel efficiency. Key features include a long seat, ample legroom, 12-inch alloy wheels, 33-litre under-seat storage, front-facing fuel filling, and a glove box with mobile charging. It also boasts a fully digital instrument cluster with Bluetooth connectivity and navigation. The scooter is available in Blue, White, and Red, priced at ₺ 132,600.

TVS Motor Company is strengthening its European presence by unveiling four production-ready models at EICMA 2026 in Milan. These models, including the TVS Orbiter, TVS M1-S, TVS X, and TVS RTR 125, cater to electric mobility, premium urban transportation, and lightweight sports motorcycling segments. This expansion is supported by dedicated engineering facilities, a strengthened retail network across Italy, Spain, and Portugal, and aims to increase the contribution of international business to over 30% of overall revenue by 2030. The company also announced the appointment of Peyman Kargar as Director and CEO effective January 27, 2027.

TVS Motor Company reported a 29% increase in total sales for October 2026, reaching 700,134 units compared to 543,557 units in October 2025. Two-wheeler sales grew by 28% to 670,679 units, with domestic sales up 22% and electric vehicle (EV) sales surging by 120% to 71,382 units. International business sales saw a significant rise of 51% to 175,350 units. Three-wheeler sales also performed strongly, increasing by 60% to 29,455 units. This robust performance indicates strong market demand and successful product offerings across segments.

TVS Motor Company has launched the TVS Ronin Agonda, a new variant in its modern-retro motorcycle lineup, inspired by the custom-modification style of Agonda Beach. The motorcycle is priced at IDR 37,080,000 in Indonesia and features safety and comfort enhancements like Single Channel ABS, Rain and Urban Modes, Glide Through Technology (GTT), and a Slipper Clutch. This launch is a strategic move to expand TVS's portfolio in Indonesia, building on the positive reception of the Ronin series. The Agonda variant aims to appeal to modern-retro motorcycle enthusiasts and adventure riders.

TVS Motor Company's Board of Directors has approved a Composite Scheme of Arrangement to demerge its consumer finance and related business undertaking into a separate holding company. This move aims to unlock shareholder value by creating a focused platform for the financial services segment, providing greater strategic autonomy and capital allocation flexibility. Shareholders will receive an equal number of shares in the new entity, allowing participation in both mobility and financial services growth. The demerger follows the earlier consolidation of the Group's consumer finance businesses into a single operating platform. Additionally, TVS Motor Services, a wholly-owned subsidiary, will be merged with the company to streamline the corporate structure. The company also approved acquiring a controlling interest in STPL Trading and Services Private Limited, which is merging with TVS Credit Services.

TVS Motor Company reported its highest ever revenue for the second quarter of FY2026-27, reaching ₹17,103 Crores, a 44% increase from ₹11,905 Crores in Q2 FY2025-26. Profit After Tax (PAT) grew by 52% to ₹1,377 Crores. The company also achieved its highest ever sales volume, selling 1.9 million units, a 27% increase year-on-year. EBITDA rose by 47% to ₹2,219 Crores, with EBITDA margins improving to 13.0%. Key growth drivers included strong performance in motorcycles, scooters, and international business, with electric vehicle sales seeing a significant 133% jump.

TVS Motor Company Limited has approved the acquisition of the entire stake in STPL Trading and Services Private Limited (STPL) for ₹530.08 Crore. This strategic move, approved by the Board of Directors on October 28, 2026, will make STPL a wholly owned subsidiary of TVS Motor. STPL is a trading and services company that holds a 7.5% stake in Home Credit India Finance Private Limited. The acquisition is part of TVS Motor's business consolidation and restructuring initiatives. Upon completion, it is expected to result in an additional holding of approximately 2.4% in TVS Credit Services Limited post-merger of Home Credit with TVSCS. The transaction is considered a related party transaction but will be conducted at arm's length based on a valuation report. The acquisition is anticipated to be completed by December 31, 2026.

TVS Motor Company's Board has approved the acquisition of the entire stake in Harita ARC Limited for ₹25,000. This move is part of a composite scheme of arrangement involving the amalgamation of TVS Motor Services Limited with TVS Motor Company and the demerger of the company's consumer finance business into Harita ARC. Harita ARC, with a paid-up capital of ₹25,000 and nil turnover, will undertake the consumer finance and related business post-demerger. The transaction is considered a related party transaction, as Harita ARC was acquired from TVS Credit Services Limited, a material subsidiary, but is conducted on an arm's length basis. The acquisition is expected to be completed by October 28, 2026, and is subject to various regulatory and statutory approvals.

TVS Motor Company's Board of Directors has approved a composite scheme of arrangement involving the acquisition of Harita ARC Limited (TVSM WOS) for ₹25,000. The scheme also includes the amalgamation of TVS Motor Services Limited with TVS Motor Company and the demerger of a specific undertaking into Harita ARC Limited. Harita ARC Limited will issue shares to TVS Motor Company shareholders post-demerger. The acquisition of TVSM WOS, a related party transaction, is on an arm's length basis and is intended to house the consumer finance business post-demerger. The scheme is subject to various regulatory and shareholder approvals.

TVS Motor Company Ltd's Board of Directors met on October 28, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. The board also approved a composite scheme of arrangement involving the amalgamation of TVS Motor Services Limited with the company and the demerger of an undertaking into Harita ARC Limited. Additionally, TVS Motor approved the acquisition of STPL Trading and Services Private Limited for ₹530.08 Cr, making STPL a wholly-owned subsidiary.