TVS Motor’s ledger for July‑September 2026 shows a 52 per cent rise in standalone net profit, taking the figure to ₹1,377 crore from ₹904 crore a year earlier. That jump is a direct result of a record 27 per cent increase in sales volume, with the company moving 19.19 lakh units in the quarter.
The 19.19 lakh figure is the highest quarterly haul in TVS’s history and puts it firmly ahead of rivals like Bajaj, Hero and Honda in the domestic two‑wheel segment. While Hero sold about 15.5 lakh units in the same period, TVS’s blend of affordable scooters, motorbikes and three‑wheelers is pulling the brand up the chain.
EV sales are the fastest growth engine: electric two‑wheelers leapt 133 per cent to 1.86 lakh units, nearly double the previous year’s tally. This momentum dovetails with the government’s push for low‑emission vehicles and the rising cost‑competitiveness of batteries, nudging buyers toward models like the TVS iQube and iQube 2.
Margins are also tightening in a positive way. EBITDA rose 47 per cent to ₹2,219 crore and the margin edged up to 13 per cent, thanks in part to better economies of scale and a higher proportion of premium‑priced models. Even as material costs climbed 45 per cent, the company’s pricing strategy helped keep the bottom line healthy.
In the first half of FY27, TVS’s revenue hit ₹30,999 crore, a 41 per cent increase, and net profit climbed to ₹2,551 crore. The company’s ability to grow both volume and profitability indicates a robust business model that can absorb rising input costs.
For buyers, the takeaway is clear: TVS’s strong sales trajectory and expanding EV portfolio mean more options at competitive price points. Investors see a resilient brand that can sustain growth even as the market shifts toward electrification. The next quarter will likely confirm whether the momentum holds as the company rolls out newer models and expands its dealer network across tier‑2 and tier‑3 cities.