TVS Motor Company reports strong Q2 and half-year financial growth

TVS Motor Company reported a 29% increase in operating revenue to ₹11,905 Crores for the quarter ended September 30, 2025, compared to ₹9,228 Crores in the same quarter last year. Operating EBITDA grew by 40% to ₹1,509 Crores, with margins improving to 12.7%. Profit Before Tax (PBT) rose 37% to ₹1,226 Crores, despite a fair valuation loss of ₹31 Crores on investments. For the half-year, revenue climbed 25% to ₹21,986 Crores, and PBT increased 36% to ₹2,279 Crores.

Overall two-wheeler and three-wheeler sales for the quarter reached a record 15.07 Lakh units, up 23%. This included a 20% rise in motorcycle sales to 6.73 Lakh units, a 30% increase in scooter sales to 6.39 Lakh units (with EV sales growing 7% to 0.80 Lakh units), and a 41% surge in three-wheeler sales to 0.53 Lakh units. International business two-wheeler sales grew 31% to 3.63 Lakh units. For the half-year, total sales were 27.8 Lakh units, marking a 20% growth.

TVS Motor Company also introduced four new products, including the TVS Orbiter EV, TVS King Kargo HD EV, TVS NTORQ 150 scooter, and the TVS Apache RTX adventure rally tourer, which have been well-received. The company continues to face challenges with magnet availability in the short to medium term for its EV sales.