TVS and Bajaj post record Q1 revenue as EV demand drives capacity plans
TVS Motor and Bajaj Auto reported record first-quarter revenue and strong profit growth, supported by domestic demand, exports and accelerating EV sales. Both are adding capacity, though an uneven monsoon remains a risk for rural two-wheeler demand.
TVS Motor and Bajaj Auto posted record Q1 revenue and strong profit growth, citing GST-led domestic demand and exports. Both reported surging EV demand and are expanding manufacturing capacity, while warning that an uneven monsoon could pressure rural two-wheeler sales.
Why this matters
The results follow TVS Motor's recent Q2 price-hike signal and plans to expand vehicle, premium-model and EV capacity. TVS Motor also recently reported Q1 FY27 consolidated PAT up 65% to ₹1,058 crore.
retail-company is accelerating, up 968800% QoQ.
Also reported by
- Mint — Same time