TVS Motor Posts Record FY26 Revenue of Rs. 47,270 Crore, Achieves Highest-Ever Sales of 5.89 Million Units

The company’s operating EBITDA margin for FY26 improved to 12.9 percent, reflecting an increase of 60 basis points over the previous financial year. Operating Profit Before Tax for the year ended March 2026 surged 40 percent to Rs. 4,975 crore, compared to Rs. 3,563 crore reported in FY25.

During the financial year, the Board of Directors, at its meeting held on March 24, 2026, declared an interim dividend of Rs. 12 per equity share, equivalent to 1,200 percent, involving a total payout of Rs. 570 crore for the financial year ended March 31, 2026. The company also allotted four fully paid bonus Non-Convertible Redeemable Preference Shares with a face value of Rs. 10 each for every equity share held. The total value of the allotment stood at Rs. 1,900 crore, with a maturity date fixed for September 1, 2026.

TVS Motor’s total two-wheeler and three-wheeler sales during FY26 grew 24 percent to 58.89 lakh units, compared to 47.44 lakh units recorded in FY25. Motorcycle sales increased 24 percent to 27.13 lakh units against 21.95 lakh units in the previous financial year. Scooter sales registered a sharper rise of 27 percent, reaching 24.13 lakh units compared to 19.04 lakh units in FY25.

The company’s electric vehicle business also maintained strong momentum. Electric vehicle sales rose 33 percent during FY26 to 3.71 lakh units, compared to 2.79 lakh units in FY25. TVS Motor stated that it now has more than 9 lakh electric vehicle customers globally.

Three-wheeler sales posted one of the strongest performances during the fiscal year, recording 63 percent growth. The company sold 2.19 lakh three-wheelers in FY26 against 1.35 lakh units in FY25.

In the fourth quarter ended March 2026, TVS Motor reported its highest-ever quarterly revenue at Rs. 12,808 crore. The company stated that its operating EBITDA margin during the quarter stood at 13.1 percent, compared to the normalized EBITDA margin of 12.5 percent recorded in the corresponding quarter of FY25, resulting in a year-on-year improvement of 60 basis points.

The company clarified that in Q4 FY25, the Production Linked Incentive benefit related to the full financial year had been recognized during the quarter, resulting in reported revenue of Rs. 9,550 crore and an operating EBITDA margin of 14 percent. Excluding the impact of the earlier-quarter Production Linked Incentive benefit, the normalized revenue growth in Q4 FY26 stood at 36 percent.

Sales performance during the January-March 2026 quarter also remained strong across all segments. Total two-wheeler and three-wheeler sales, including international business operations, rose 28 percent to 15.60 lakh units from 12.16 lakh units recorded in the quarter ended March 2025.

Motorcycle sales during the quarter climbed 23 percent to 6.93 lakh units, compared to 5.64 lakh units in the same quarter of the previous financial year. Scooter sales registered 32 percent growth, increasing to 6.60 lakh units from 5.02 lakh units during Q4 FY25.

Electric vehicle sales during the quarter surged 51 percent to 1.15 lakh units, compared to 0.76 lakh units in the corresponding quarter of FY25. Three-wheeler sales also recorded significant momentum, rising 65 percent to 0.60 lakh units against 0.37 lakh units in the fourth quarter of FY25.

TVS Motor Company, a part of the TVS Venu Group, operates four manufacturing facilities across India and Indonesia and maintains business operations in 90 countries. The company stated that its growth strategy continues to focus on sustainable mobility, electric vehicle expansion, and internationally recognized manufacturing standards. The company also highlighted that its subsidiary Norton Motorcycles in the United Kingdom and TVS Ebike Company AG in Switzerland continue to strengthen its global mobility presence.

The record-breaking financial and operational performance in FY26 reinforces TVS Motor’s position as one of the fastest-growing mobility manufacturers in the global two-wheeler and three-wheeler industry, with expanding dominance in electric mobility and international markets.