TVS Motor posts record Q1 sales as profit rises 51% and EV volumes jump 86%
TVS Motor’s June-quarter revenue rose 37.8% year-on-year to Rs 13,896 crore, while net profit reached Rs 1,174 crore. Two- and three-wheeler volumes grew 28% to 1.63 million units, led by scooters, exports and electric two-wheelers.
TVS Motor posted record quarterly sales and strong Q1 earnings, aided by domestic, international and EV demand. It raised prices and optimized costs to partly offset commodity inflation, while EV sales surged 86% and its EV customer base crossed one million.
Why this matters
The quarter extends TVS Motor’s premium push: it launched TVS Paddock, moved Norton Atlas production to Hosur and entered the above-500cc motorcycle segment, while a recent signal flagged valuation as a limit on upside.
Retail-company signals are accelerating, up 955100% QoQ.