TVS Motor posts record Q1FY27 sales but rich valuation caps upside
TVS Motor logged 1.63M units in Q1FY27, up 28% YoY across domestic, exports and EVs, with June sales at 590,000 units (up 47%) and EV sales at 130,000 (up 86%). It holds 24% e-scooter share, but at 32x FY28 earnings analysts flag a demanding valuation amid intensifying EV competition from Ola, Ather and Bajaj.
TVS Motor reported record Q1FY27 sales of 1.63M units, up 28% YoY, driven by domestic, exports and EVs. It holds 24% India e-scooter share, but analysts flag demanding valuation and intensifying competition.
Why this matters
The record quarter builds on June momentum, where TVS sales jumped 47% and beat estimates alongside Bajaj Auto. Yet a demanding 32x FY28 valuation and rising EV competition temper the growth story.
Retail-company signals are accelerating, up 544200% QoQ.