MUMBAI, JULY 24, 2026 — Addressing shareholders at the Annual General Meeting, Mr. Sudarshan Venu, Chairman of TVS Motor Company, announced that the company has delivered its highest-ever performance over the past year, registering an annual sales volume of 5.89 million vehicles, a 24% increase over the previous year. The company achieved record financial results, clocking ₹47,270 crore in revenue and an EBITDA of ₹6,079 crore. Highlighting the expanding international footprint, Mr. Venu shared that international markets now contribute over a quarter of total revenue, with sales volumes rising to 1.59 million units across more than 90 countries as TVS enters the European market and expands across Africa, Latin America, and Asia.
The company continues to accelerate its electric vehicle (EV) strategy, selling over 3.71 lakh electric two-wheelers—a 33% growth—backed by the expanded TVS iQube series and the newly launched Orbiter scooter. To support EV adoption, TVS has established over 1,000 electric vehicle dealerships and supported 5,000 public charging points. In the premium segment, new offerings like the TVS Apache RTX 300 and TVS NTORQ 150 received strong customer response, with the Apache RTX winning the Indian Motorcycle of the Year 2026 award. Globally, the iconic Norton brand has begun production of its all-new Manx R and Atlas models, which will be launched across key international markets including the UK, France, Italy, Spain, India, and the US.
To maintain its competitive edge, TVS Motor invested over ₹1,250 crore in R&D during the year, deploying over 2,000 engineers in areas such as connected platforms, electrification, and generative AI. The company also established a design hub in Bologna, Italy, through Engines Engineering. On the sustainability front, over 97% of energy used in Indian operations was sourced from renewables, avoiding 76,000 tons of carbon emissions. Additionally, financial services arm TVS Credit recorded 26% disbursement growth, ending the year with an asset base exceeding ₹30,000 crore. Guided by strategic considerations, the board approved an interim dividend of ₹12 per share (a 20% increase) and allotted bonus preference shares worth ₹1,900 crore, while evaluating future alternatives, including a potential separation of the financial services business to unlock shareholder value.
