TVS Motor Company Ltd

TVS Motor Company today launched the TVS Armado 200. Positioned as a gamechanger, this new three-wheeler is engineered to dominate Indonesia's rapidly growing commercial and logistics industries. First showcased digitally earlier this year, the TVS Armado 200 is powered by a robust 197.75 cc oil-cooled engine, purpose-built for long operating hours and high-demand applications. Featuring a 2-meter cargo bed with a best-in-class payload capacity of up to 840 kg, it is designed to support a vast range of business operations. Available in three colors - Blue, Red, and White - the TVS Armado 200 is offered at normal price IDR 35,900,000 but in the launching period, customer can purchase with introductory price of IDR 34,900,000 (OTR Jakarta). To support businesses of all sizes, flexible financing options are also available.

The brokerage has set a target price of Rs 4,100, implying an upside potential of about 18% from current levels. It highlighted superior volume visibility for the company compared to peers, driven by upcoming premium product launches across motorcycles and global brands. The brokerage expects TVS Motor to deliver volume growth of 14%, 11% and 10% over FY27 to FY29, outpacing broader industry growth estimates. It also pointed to the company's ability to pass on input cost pressures and benefit from margin tailwinds, including gains from the production-linked incentive (PLI) scheme. Electric vehicle growth remains a key driver, with the company expected to see improving profitability in its EV segment. A strong pipeline of premium launches and continued focus on product mix are seen supporting earnings growth. The upgrade comes alongside robust operating momentum. TVS Motor reported a 25% YoY increase in total sales for March 2026 at 5.19 lakh units, led by strong growth across segments. Electric vehicle sales surged 44% YoY during the month. However, risks flagged include commodity price volatility, regulatory changes and rising competition in the electric two-wheeler segment. TVS Motor Company is a reputed global manufacturer of two-wheelers and three-wheelers, with four manufacturing facilities located in India and Indonesia. The company's standalone net profit jumped 52.04% to Rs 940.37 crore on a 37.14% jump in revenue from operations to Rs 12,476.26 crore in Q3 FY26 over Q3 FY25.

TVS Motor Company Ltd gained 2.47% today to trade at Rs 3474.15. The BSE Auto index is up 0.52% to quote at 53509.11. The index is down 10.56 % over last one month. Among the other constituents of the index, Eicher Motors Ltd increased 1.52% and Balkrishna Industries Ltd added 1.51% on the day. The BSE Auto index went up 16 % over last one year compared to the 2.5% fall in benchmark SENSEX. TVS Motor Company Ltd has lost 8.13% over last one month compared to 10.56% fall in BSE Auto index and 6.89% drop in the SENSEX. On the BSE, 108 shares were traded in the counter so far compared with average daily volumes of 36607 shares in the past one month. The stock hit a record high of Rs 3970 on 26 Feb 2026. The stock hit a 52-week low of Rs 2221.05 on 07 Apr 2025.

The company's two-wheeler segment recorded a 25% growth, with sales climbing to 498,134 units in March 2026 compared to 400,120 units in the same month last year. Domestic two-wheeler sales also grew by 25% to 372,383 units in March 2026. Among key segments, motorcycle sales rose 18% to 232,788 units in March 2026, while scooter sales registered a strong 31% growth to 217,624 units in March 2026. EV registered a growth of 44% with sales increasing from 26,935 units in March 2025 to 38,877 units in March 2026. Three-wheeler segment registered a growth of 46% with sales increasing from 14,567 units in March 2025 to 21,224 units in March 2026. TVS Motor's international business posted a 25% rise, with total exports reaching 141,443 units in March 2026. Two-wheeler exports grew 23% to 125,751 units in March 2026. For the fourth quarter of FY26, the company recorded a 28% growth in total sales to 15.60 lakh units, up from 12.16 lakh units in the corresponding period last year. Two-wheeler sales during the quarter increased 27% to 15.00 lakh units, while three-wheeler sales jumped 65% to 0.60 lakh units. Exports for the quarter rose 24% to 4.22 lakh units. On a full-year basis, TVS Motor reported a 24% increase in total sales for FY26 at 58.89 lakh units, compared to 47.44 lakh units in FY25. Two-wheeler sales grew 23% to 56.70 lakh units, while three-wheeler sales surged 63% to 2.19 lakh units. Total exports for the year rose 33% to 15.85 lakh units. TVS Motor Company is a reputed global manufacturer of two-wheelers and three-wheelers, with four manufacturing facilities located in India and Indonesia. The company's standalone net profit jumped 52.04% to Rs 940.37 crore on a 37.14% jump in revenue from operations to Rs 12,476.26 crore in Q3 FY26 over Q3 FY25. The counter slipped 1.54% to Rs 3,372.05 on the BSE.

TVS Motor Company announced that during the financial year 2025-26, the company registered a growth of 24% with total sales increasing from 47.44 Lakh units in FY 2024-25 to 58.89 Lakh units. Two-wheeler sales of the company registered a growth of 23% with sales increasing from 46.09 Lakh units in FY 2024-25 to 56.70 Lakh units in FY 2025-26. Three-wheeler of the company registered a growth of 63% with sales increasing from 1.35 Lakh to 2.19 Lakh units in FY 2025-26. Total exports registered a growth of 33% with sales increasing from 11.95 Lakh units in FY 2024-25 to 15.85 Lakh units in FY 2025-26.

 TVS Motor Company announced that during the Q4 of 2025-26, the company registered a growth of 28% with total sales increasing from 12.16 Lakh units in FY 2024-25 to 15.60 Lakh units. During the fourth quarter of the financial year 2025-26, two-wheeler of the company registered a growth of 27% with sales increasing from 11.80 Lakh units to 15.00 Lakh units in the fourth quarter of the financial year 2025-26. Three-wheeler of the company registered a growth of 65% with sales increasing from 0.37 Lakh units in the fourth quarter of financial year 2024-25 to 0.60 Lakh units in the fourth quarter of the financial year 2025-26. Total exports registered a growth of 24% with sales increasing from 3.40 Lakh units in the last quarter of FY 2024-25 to 4.22 Lakh units in the current quarter.

 TVS Motor Company (TVSM) recorded monthly sales of 519,358 units in March 2026 with a growth of 25% as against 414,687 units in March 2025. Total two-wheelers registered a growth of 25% with sales increasing from 400,120 units in March 2025 to 498,134 units in March 2026. Domestic two-wheeler registered growth of 25% with sales increasing from 297,622 units in March 2025 to 372,383 units in March 2026. Motorcycle registered a growth of 18% with sales increasing from 196,734 units in March 2025 to 232,788 units in March 2026. Scooter registered a growth of 31% with sales increasing from 166,297 units in March 2025 to 217,624 units in March 2026. EV registered a growth of 44% with sales increasing from 26,935 units in March 2025 to 38,877 units in March 2026. The Company's total International Business sales registered a growth of 25% increasing from 113,464 units in March 2025 to 141,443 units in March 2026. Two-wheeler sales grew by 23% with sales increasing from 102,498 units in March 2025 to 125,751 units in March 2026. Three-wheeler registered a growth of 46% with sales increasing from 14,567 units in March 2025 to 21,224 units in March 2026.

TVS Motor Company has fixed 31 March 2026 as record date for payment of interim dividend of Rs 12 per equity share for FY 2025-26. Powered by Capital Market - Live

TVS Motor Company announced that the Board of Directors of the Company at its meeting held on 24 March 2026, has recommended a Interim Dividend of Rs.12 per share (i.e.1200%), subject to the approval of the shareholders.Powered by Capital Market - Live

TVS Motor Company will hold a meeting of the Board of Directors of the Company on 24 March 2026.Powered by Capital Market - Live