TVS and Bajaj ride EVs and exports to record Q1 profits
TVS Motor reported a 51% rise in Q1 FY27 profit to ₹1,174 crore as electric two-wheeler sales climbed 86%. Bajaj Auto’s standalone profit rose 42% to ₹2,983 crore, with EVs contributing nearly 30% of domestic revenue as it prepares launches and capacity expansion.
TVS Motor and Bajaj Auto reported record Q1 FY27 profits, driven by EVs, premium products and exports. TVS accelerated electric two-wheeler sales, while Bajaj faces Chetak capacity constraints and plans new launches plus capacity expansion beyond nine million units annually.
Why this matters
TVS Motor’s Q1 earnings extend its record Q1 sales and 86% EV-volume growth. The company is also building its Paddock premium retail network and shifting Norton Atlas production to Hosur for higher-capacity motorcycles.
retail-company is accelerating, up 971500% QoQ.