TVS Motor to issue bonus preference shares after record sales

TVS Motor Company's Scheme Implementation Committee has approved the allotment of 190,03,48,456 Bonus 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) on September 1, 2025. Shareholders will receive four NCRPS of face value INR 10 each for every one equity share held as of the August 25, 2025 record date. These NCRPS, with an ISIN of INE494B04019, mature on September 1, 2026, and will be listed on the BSE Limited and National Stock Exchange of India Limited.

This announcement follows the company's disclosure of achieving its highest-ever sales in August 2025, with 509,536 units sold, marking a 30% increase from August 2024. Two-wheeler sales grew by 30% to 490,788 units, while motorcycle and scooter sales increased by 30% and 36%, respectively. Electric vehicle sales reached 25,138 units.

Exports also saw significant growth, with total exports up 35% to 135,367 units, and three-wheeler sales surged by 47% to 18,748 units. The company will apply for relaxation from Rule 19 (2) (b) of SCRR for the listing of the NCRPS.