TVS Motor Company has appointed Peyman Kargar as Director and Chief Executive Officer, effective January 27, 2027. He will succeed KN Radhakrishnan, who will continue as Director and CEO until the transition date and thereafter serve as Non-Executive Director until the company’s ensuing Annual General Meeting in July 2027.The leadership change comes as TVS Motor prepares for its next phase of growth, with a focus on product innovation, premiumisation and expansion in international markets.
Mr Kargar currently serves as President, International Business at TVS Motor and brings more than 30 years of experience in the global automotive industry. His career has included senior leadership responsibilities across Europe, Asia, Africa and the Middle East, covering product development, research and development, manufacturing, quality, sales and marketing.
Under his leadership, TVS Motor’s international business has become an important part of the company’s global growth strategy. International operations now account for 29% of the company’s sales volume and are growing at 33%. TVS Motor recorded a strong performance in FY2025-26, selling 5.9 million vehicles globally and reporting 30% revenue growth. The company has continued to strengthen its position in India while expanding its presence across international markets.
Sudarshan Venu, Chairman, TVS Motor Company, said Mr Kargar’s global experience and understanding of customers and markets would support the company’s future growth. “Peyman is an accomplished global leader with deep industry experience and strategic vision. As President, International Business, he has already made a meaningful contribution to our business, and I am confident he is the right person to lead TVS Motor Company and further strengthen our position among the world’s leading mobility companies,” Mr Venu said.
Mr Kargar said the appointment was a privilege and that the company was entering a new phase of growth. “I will be focused on realising the company’s vision and strengthening our technology leadership, AI capabilities, commitment to quality and customer centricity,” he said.
Mr Radhakrishnan thanked employees and colleagues for their support during his tenure and expressed confidence in Kargar’s ability to lead the company. “It has been a privilege to serve TVS Motor Company as CEO and work alongside an exceptional team. I am confident Peyman will lead TVS Motor Company with distinction,” he said.
TVS Motor is a global manufacturer of two- and three-wheelers, with manufacturing facilities in India and Indonesia. The company operates across more than 90 countries and has a portfolio that includes motorcycles, scooters, electric vehicles and three-wheelers.
The company is part of TVS VENU and has a 100-year legacy. Its group company, Norton Motorcycles, is based in the United Kingdom. TVS Motor has also received the Deming Prize and has been recognised in JD Power quality and customer service surveys.
