TVS Motor Q2 FY27 Results: Revenue Rises 44% To ₹17,103 Crore, Profit Jumps 52%, And Vehicle Sales Reach A Record High

TVS Motor Company reported its highest-ever quarterly revenue of ₹17,103 crore for Q2 FY27, an increase of 44% from ₹11,905 crore a year earlier. Profit after tax (PAT) rose 52% to ₹1,377 crore from ₹904 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) grew 47% to ₹2,219 crore. The EBITDA margin improved to 13% from 12.7%.

The quarterly results included record sales of 1.9 million two-wheelers and three-wheelers. Electric two-wheeler sales more than doubled, while international business and three-wheeler sales also recorded strong growth.

After the earnings announcement, the TVS Motor share price closed at ₹4,239.90 on 28 October 2026, up 3.74% on the National Stock Exchange (NSE).

TVS Motor Q2 Results: Vehicle Sales Performance

Motorcycle sales increased 28% to 8,58,000 units, while scooter sales rose 29% to 8,25,000 units. Moped sales grew 12% to 1,57,000 units. Three-wheeler sales climbed 47% to 78,475 units, compared with 53,449 units a year earlier.

TVS Motor electric vehicle sales rose 133% to 1,86,186 units from 80,009 units. International business sales grew 35% to approximately 5,00,000 units, compared with 4,00,000 units in Q2 FY26.

What Do The Half-Year Results Show?

For the first half of the year, revenue increased 41% to ₹30,999 crore from ₹21,986 crore. Operating EBITDA grew 44% to ₹3,998 crore from ₹2,767 crore, and its margin expanded to 12.9% from 12.6%. PAT rose 52% to ₹2,551 crore, while profit before tax (PBT) increased 52% to ₹3,454 crore.

Total vehicle sales reached 3.55 million units, up 28%. Three-wheeler sales increased 48% to 145,172 units, while international two-wheeler and three-wheeler sales grew 34% to approximately one million units.

What Business Updates Did TVS Motor Announce?

Peyman Kargar was appointed Director and Chief Executive Officer, effective 27 January 2027.

Also, the company’s results presentation highlighted international product expansion, which includes the Apache RTR range, the Raider launch in Africa, and the Orbiter and NTORQ 150 debut in Sri Lanka. The TVS Jupiter also introduced a spectral-colour scooter, while the Callisto 110 launched in Jakarta.

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