TVS Motor’s June-quarter profit jumps 51% as EV two-wheeler sales rise 86%
TVS Motor reported June-quarter net profit of Rs 1,174 crore, up 51.3% year on year, while revenue rose 37.8% to Rs 13,896 crore. Total vehicle sales grew 28% to 1.63 million units, led by scooters, exports and electric two-wheelers.
TVS Motor reported strong June-quarter earnings and record sales, aided by higher volumes, calibrated price hikes and cost optimisation. EV two-wheeler sales jumped 86%, international sales rose 33%, and the company said it has crossed one million EV customers.
Why this matters
The result extends TVS Motor’s recent run of record Q1 sales, 86% EV volume growth and broker target upgrades, while reinforcing the pattern of TVS and Bajaj using EVs and exports to lift Q1 profits.
Retail-company signals are accelerating, up 984200% quarter on quarter.