TVS Motor Company reported its highest-ever annual revenue for the financial year ended March 31, 2026, driven by robust demand across motorcycles, scooters, electric vehicles, and international markets. The company posted revenue of ₹47,270 crore for FY26, registering a growth of 30% compared to ₹36,251 crore recorded in the previous financial year. The strong performance was supported by healthy sales volumes, improved operational efficiencies, and continued momentum across domestic and global businesses.
Operating EBITDA margin for the year stood at 12.9%, improving by 60 basis points over the previous year. Operating Profit Before Tax for FY26 rose 40% to ₹4,975 crore compared to ₹3,563 crore reported during FY25.
TVS Motor stated that the year reflected sustained growth across both conventional and electric mobility segments while strengthening its market position in India and overseas markets. During the quarter ended March 2026, overall two-wheeler and three-wheeler sales, including international business, grew 28% to 15.60 lakh units compared to 12.16 lakh units in the corresponding quarter of the previous year.
Motorcycle sales during the quarter increased 23% to 6.93 lakh units, while scooter sales rose 32% to 6.60 lakh units. The company’s electric vehicle segment maintained strong momentum with sales increasing 51% to 1.15 lakh units during the quarter compared to 0.76 lakh units in the same period last year.
Three-wheeler sales recorded one of the strongest growth rates within the portfolio, rising 65% to 0.60 lakh units during the quarter under review. The company noted that increasing consumer demand for premium mobility products, expanding EV adoption, and improved export performance contributed significantly to the year’s growth trajectory.
As part of shareholder returns, the Board of Directors declared an interim dividend of ₹12 per equity share during its meeting held on March 24, 2026. The dividend payout for FY26 amounted to ₹570 crore. In addition, the company allotted four fully paid bonus Non-Convertible Redeemable Preference Shares of face value ₹10 each for every equity share held. The total value of the allotment stood at ₹1,900 crore with a maturity date of September 1, 2026.
TVS Motor highlighted that its long-term strategy remains focused on sustainable mobility, global expansion, product innovation, and advanced manufacturing capabilities. The company operates four manufacturing facilities across India and Indonesia and continues to expand its presence across multiple international markets.
TVS Motor also emphasized the growing importance of electric mobility within its portfolio, supported by investments in connected technologies, product development, and sustainable transportation solutions. The company stated that its subsidiary, TVS Ebike Company AG, continues to strengthen its position in the European e-bike market, while Norton Motorcycles remains a key premium motorcycle brand within the group’s global portfolio.
TVS Motor reiterated its focus on delivering technologically advanced and environmentally responsible mobility solutions while expanding customer engagement across more than 90 countries. The company added that future growth will continue to be driven by innovation, customer-centric product development, premiumization, and sustainable manufacturing practices aligned with evolving global mobility trends.
