TVS MOTOR COMPANY LTD.

TVS Motor Company has expanded its global electric vehicle (EV) presence by launching its premium electric scooter, the TVS iQube, in Kenya. This marks the company's first entry into the African market and positions TVS Motor as the first Indian Original Equipment Manufacturer (OEM) to introduce a premium electric scooter on the continent. The launch aligns with TVS Motor's commitment to sustainable mobility and its vision to offer innovative electric solutions internationally. The TVS iQube will be available in two variants: TVS iQube 3.5 with a 3.5 kWh battery offering a 115 km range, and TVS iQube 2.2 with a 2.2 kWh battery providing a 75 km range. Both models feature a 4.6 kW motor, a top speed of 82 km/h, and advanced connectivity features through the TVS SMARTXONNECT platform. The company highlighted the growing EV market in Africa, with forecasts indicating significant CAGR growth through 2030-31.

TVS Motor Company Ltd has been informed by its subsidiaries, TVS Credit Services Limited and TVS Housing Finance Private Limited, that a composite scheme of amalgamation involving STPL Trading and Services Private Limited, Home Credit India Finance Private Limited, TVS Housing Finance Private Limited, and TVS Credit Services Limited has been approved by the respective boards. This scheme aims to simplify the group's corporate structure and consolidate entities under common control. The amalgamation is subject to various statutory, regulatory, and customary approvals, including those from the RBI, CCI, SEBI, and the NCLT. The transaction is considered an arm's length transaction, with consideration determined by an independent registered valuer.

TVS Motor Company reported its highest-ever monthly sales in July 2026, with a total of 629,675 units sold, marking a significant 38% year-on-year growth from 456,350 units in July 2025. This record performance was driven by strong sales across multiple segments. Two-wheeler sales grew by 38% to 603,138 units, with domestic two-wheeler sales up 42%. Electric vehicle (EV) two-wheeler sales saw an exceptional surge of 158%, reaching 60,934 units. International business also contributed significantly, with total sales increasing by 29% to 184,264 units. Three-wheeler sales also posted robust growth of 51%, with 26,537 units sold. The company highlighted record sales in international business, EV two-wheelers, and three-wheelers for the month.

TVS Motor Company has expanded its TVS Raider Super Squad Edition with a new variant inspired by Marvel's Doctor Doom. This new edition features a striking spectral green colorway with a multi-tone travel finish, a Connected Reverse LCD Cluster, and iGO Assist technology. The Doctor Doom variant builds on the success of previous Marvel-themed editions, including Iron Man, Black Panther, Deadpool, and Wolverine. The motorcycle is powered by a refined three-valve engine and offers advanced features like over 85 connected functions and safety features such as dual disc brakes with single-channel ABS in the top variant. The new variant will be available soon at an ex-showroom price of ₹95,320 in Delhi.

TVS Motor Company has launched the "TVS Apache Junior Programme" to nurture young racing talent in India. The initiative provides 10 TVS Apache RR 200 Mini Motorcycles to the Madras Motor Sports Club for a structured rider development program targeting aspiring racers aged 10-14 years. This program aims to build professional racing skills under expert guidance, fostering discipline, confidence, and safe riding practices. It forms part of a broader motorsport ecosystem that includes gaming and experiential events, creating a clear pathway from grassroots development to competitive racing, aligning with TVS Racing's "Track to Road" philosophy.

TVS Motor Company has launched its new electric scooter, the TVS Orbiter, in Nepal. This launch signifies the company's commitment to expanding its electric vehicle (EV) ecosystem internationally. The TVS Orbiter is designed for urban commuting, offering a range of 158 km IDC, cruise control, hill hold assist, and 34-litre boot space. Key features include an industry-first 14-inch front wheel for enhanced stability, connected mobile app functionality, and a colored LCD cluster. The scooter is powered by a 3.1 kWh battery and boasts enhanced aerodynamic efficiency. This launch, in partnership with Jagdamba Motors Pvt. Ltd., aims to strengthen TVS Motor's EV portfolio in Nepal and cater to the growing demand for sustainable mobility solutions.

TVS Motor Company has launched its TVS Raider motorcycle in Egypt, aiming to redefine the premium commuter segment for young and urban riders. This launch is a strategic move to strengthen TVS Motor's presence in North Africa and expand its premium commuter portfolio in Egypt. The TVS Raider features a 124.76cc engine, advanced technology like a full digital reverse LCD cluster, and rider-friendly features such as i-Touch Start and Synchronized Braking Technology. The company is confident that the motorcycle will appeal to Egypt's young riding community and contribute to its international growth. The TVS Raider will be available in two color options: Black & Yellow.

TVS Motor Company announced its unaudited financial results for the first quarter of FY27, reporting a record revenue of ₹13,896 Crores, a 38% increase year-on-year. The company also achieved its highest-ever profit after tax (PAT) of ₹1,174 Crores, marking a 51% growth. EBITDA surged by 41% to ₹1,779 Crores, with EBITDA margin improving to 12.8%. Sales volume grew by 28% to 1.63 million units, driven by strong performance in motorcycles, scooters, and international business. Electric vehicle sales saw an impressive 86% jump. The company successfully navigated rising commodity prices through price adjustments and cost optimization.

TVS Motor Company Ltd's Board of Directors met to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also sanctioned a proposal to raise funds up to ₹1,000 crore through the issuance of debt instruments, commercial papers, or other permissible borrowings. The company submitted various documents related to the financial results and fund-raising, including a limited review report and a statement on the utilization of issue proceeds.

TVS Motor opened FY27 with a record print: consolidated revenue rose 33% YoY to ₹16,296 Cr (+8% QoQ) and consolidated PAT for the period climbed 65% to ₹1,058 Cr (₹1,019 Cr attributable to owners, +67%), while the standalone auto business — the number the company headlines — posted its highest-ever revenue of ₹13,896 Cr (+38%) and PAT of ₹1,174 Cr (+51%). The reported bottom-line growth is flattered by a ₹149.60 Cr fair-valuation gain on investments (vs ₹28 Cr a year ago) and a low base; stripping the one-off out on both sides, underlying consolidated PAT growth is a still-strong ~48%. Note the basis divergence readers will see elsewhere: consolidated PAT (₹1,058 Cr) sits below standalone (₹1,174 Cr) because 21 largely EV/Norton subsidiaries collectively lost ₹307 Cr in the quarter — the group result is genuine but drag-adjusted. The quality of the print is in the margin bridge. Despite management's own flagged commodity-inflation headwind (guided at 3-5% of revenue on the Q4 concall), standalone EBITDA margin still expanded 30bps to 12.8% (₹1,779 Cr, +41%) and consolidated NPM widened to 6.5% from 5.3% a year ago — squeeze absorbed on the materials line via price adjustments and scale/cost optimisation, exactly the lever management said it would pull. This beats the Street: consensus looked for consolidated PAT near ₹1,011 Cr and, more tellingly, feared EBITDA margin would slip to ~12.1%; TVS delivered margin expansion instead. Against management's own FY27 guidance of 'good single-digit' industry growth with a commitment to outperform, a 28% volume quarter is a clear beat — EV volumes up 86% to 129,940 units, scooters +36%, three-wheelers +48% and exports +33% all confirm the demand breadth management projected as bullish on the last call. Alongside the result the board cleared raising up to ₹1,000 Cr via NCDs/commercial paper (₹500 Cr of 3-year NCDs already allotted on 17 July), funding the ~₹3,500 Cr FY27 capex programme for capacity and R&D behind Norton, the Hyundai JV and LatAm expansion. Management gives no formal revenue guidance but reiterated its intent to protect the upward margin trajectory; this quarter delivered on that word, with the caveat that the fair-value gain and subsidiary losses make the headline consolidated growth rate noisier than the ~48% adjusted underlying.