TVS Motor Company recorded its highest-ever quarterly performance in Q2 FY26, reporting an operating revenue of ₹11,905 crore, marking a 29% growth compared to ₹9,228 crore in Q2 FY25. The company also achieved its best-ever operating EBITDA of ₹1,509 crore, up 40% from ₹1,080 crore in the same period last year. Operating EBITDA margin improved by 100 basis points to 12.7%, reflecting better operational efficiency and product mix.
Profit Before Tax (PBT) rose by 37% to ₹1,226 crore for the quarter, compared to ₹897 crore in Q2 FY25. This includes a fair valuation loss of ₹31 crore on investments, against a gain of ₹23 crore in the same quarter last year. Despite this, TVS Motor delivered record profitability, driven by robust demand across product categories and markets.
The company registered its highest-ever quarterly sales of 15.07 lakh units, up 23% from 12.28 lakh units in Q2 FY25. Motorcycle sales rose 20% to 6.73 lakh units, while scooter sales surged 30% to 6.39 lakh units. International two-wheeler sales grew 31% to 3.63 lakh units, and three-wheeler sales climbed 41% to 0.53 lakh units. Electric vehicle (EV) sales also reached a record 0.80 lakh units, reflecting 7% growth over the previous year, though the company noted ongoing challenges in magnet availability.
For the first half of FY26, total revenue rose 25% to ₹21,986 crore, compared to ₹17,604 crore in H1 FY25. PBT for the period increased 36% to ₹2,279 crore from ₹1,680 crore last year. Total two-wheeler sales for H1 FY26 grew 20% to 26.86 lakh units, and three-wheeler sales expanded 43% to 0.98 lakh units. Exports across both categories increased 34% to 7.52 lakh units.
During the quarter, the company introduced four new products: the TVS Orbiter electric scooter, TVS King Kargo HD EV for commercial mobility, the TVS NTORQ 150 hyper-sport scooter, and the TVS Apache RTX adventure tourer. These launches have received an enthusiastic response, strengthening TVS Motor’s leadership in innovation and performance across segments.
TVS Motor Company (BSE:532343, NSE:TVSMOTOR) is a globally recognized manufacturer of two- and three-wheelers, committed to advancing sustainable mobility. With four modern manufacturing plants in India and Indonesia, TVS Motor combines a 100-year heritage of trust and innovation with world-class quality standards.
The company is the only two-wheeler manufacturer to receive the prestigious Deming Prize and has consistently achieved top rankings in J.D. Power IQS, APEAL, and Customer Service Satisfaction surveys. Its group company, Norton Motorcycles (UK), is an iconic global motorcycle brand, while TVS Ebike Company AG holds a leading position in Switzerland’s e-bike market. TVS Motor serves customers across 80 countries, aiming to deliver superior mobility solutions with safety, quality, and sustainability at the core.
