TVS Motor Company posted its strongest-ever quarterly performance in the third quarter of FY26, reporting record sales volumes, revenue, and profitability, driven by robust domestic demand, strong international growth, and accelerating electric vehicle adoption.
The company’s operating revenue surged 37 percent year on year to Rs 12,476 crore for the quarter ended December 2025, compared with Rs 9,097 crore in the same period last year. Operating EBITDA rose 51 percent to Rs 1,634 crore, while EBITDA margin expanded to a record 13.1 percent, reflecting improved operating leverage and product mix.
Profit before tax before exceptional items climbed 57 percent to Rs 1,315 crore in Q3FY26, underlining the company’s sustained earnings momentum.
Total two-wheeler and three-wheeler sales, including international operations, grew 27 percent to an all-time quarterly high of 15.44 lakh units. Motorcycle sales rose 31 percent to 7.26 lakh units, while scooter sales increased 25 percent to 6.14 lakh units. International two-wheeler sales registered strong growth of 35 percent, reaching 3.66 lakh units. Three-wheeler sales more than doubled to 0.60 lakh units during the quarter.
Electric vehicle sales continued their sharp upward trajectory, rising 40 percent year on year to a record 1.06 lakh units, highlighting growing consumer acceptance of TVS Motor’s EV portfolio.
For the nine months ended December 2025, TVS Motor reported operating revenue of Rs 34,463 crore, a 29 percent increase over the same period last year. Operating EBITDA grew 41 percent to Rs 4,406 crore, while profit before tax rose 43 percent to Rs 3,594 crore. Profit after tax for the nine-month period stood at Rs 2,625 crore.
Cumulative vehicle sales for the nine months grew 23 percent to 43.28 lakh units. Motorcycle sales reached 20.19 lakh units, scooter sales rose to 17.52 lakh units, and international two-wheeler sales climbed 35 percent to 10.47 lakh units. Electric vehicle sales for the nine-month period grew 26 percent to 2.56 lakh units.
The strong performance reflects TVS Motor’s focus on premiumisation, technology-led products, electric mobility, and expanding global footprint. With record margins, rising EV penetration, and broad-based volume growth, the company continues to strengthen its position in the global two- and three-wheeler market.