TVS Motor profit hits record ₹3,524 cr, up 54% as volumes and EVs accelerate
Q2 revenue rose 25% to ₹15,053 cr on 5.9M units sold, with EV volumes up 33% to 371,000. Margins held at 14.97%. TVS plans ₹3,500 cr capex and 1.5M unit capacity addition to 8.3M by FY27, betting GST rationalization fuels above-industry growth.
TVS Motor posted record FY26 profit of ₹3,524 cr (+54%) on revenue of ₹15,053 cr, selling 5.9M two/three-wheelers. Plans 1.5M capacity addition, ₹3,500 cr capex, expects to outpace single-digit industry growth aided by GST rationalization.