# TVS Motor Company (TVSMOTOR) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/tvsmotor

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹4,491.7
- Change: +0.94%
- As of: 2026-11-06
- 1D return: +0.94%
- 5D return: +7.07%
- 1M return: +16.99%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

TVS Motor (₹4,491.70) is trading at the upper extreme of its recent range (+99.5% in the 20-day and +99.7% in the 252-day window), reflecting a strong daily uptrend supported by price action above all key moving averages and the Supertrend indicator. The daily ADX of 24.33 suggests the trend is developing rather than fully established, while the monthly ADX of 80.8 indicates significant underlying momentum despite a bearish monthly Supertrend signal. Recent anomalies highlight high participation without clear directional conviction on both daily and monthly timeframes, suggesting potential exhaustion or consolidation near resistance levels at ₹4,507.93 and ₹4,565.87. A Morning Star pattern has formed on the monthly chart, signaling a potential long-term reversal context, though this conflicts with the immediate daily structure. Volatility remains elevated at 27.9%, with an ATR of 2.6%, implying wider price swings. Support is located at ₹4,432.07 (pivot) and ₹4,374.13 (low).

- Price Position: Trading at +99.5% of the 20-day range and +99.7% of the 252-day range, indicating proximity to recent highs.
- Trend Structure: Daily trend is bullish with price above all MAs and Supertrend; Monthly trend shows strong momentum (ADX 80.8) but conflicting Supertrend direction.
- Key Levels: Immediate resistance at ₹4,507.93 (+0.36%) and ₹4,565.87 (+1.65%); Support at ₹4,432.07 (-1.33%) and ₹4,374.13 (-2.62%).
- Risk & Volatility: Annualized volatility is 27.9% with an ATR of 2.6%; Maximum drawdown observed is -17.0%.

- Morning Star
- Harami
- Bullish Engulfing Reversal
- Outside Bar
- Doji
- Hammer

### News Context

TVS Motor Company reported a 94.66% year-on-year increase in electric two-wheeler sales for October 2026, leading the segment as EV retail sales rose 48.49% to 2,24,064 units (FADA data). Concurrently, TVS-owned Norton unveiled its new 450cc Urban model at EICMA 2026 and announced plans to enter Indian and US markets, supporting TVS’s strategy to raise international revenue contribution to over 30% by 2030. However, governance risks persist: family members Mallika and Lakshmi Venu have contested a 2024 settlement memorandum via Chennai courts, creating uncertainty regarding promoter control and strategic direction, a concern highlighted by proxy advisory firm InGovern. Separately, IDBI Capital included TVS Motor among its top large-cap recommendations for Samvat 2083, citing resilient domestic demand and attractive valuations.

- {'detail': "TVS led India's EV two-wheeler segment with 94.66% YoY growth in October 2026, outperforming the sector's 48.49% rise to 2,24,064 units.", 'metric': 'EV Sales Leadership'}
- {'detail': 'Norton unveiled its 450cc Urban model at EICMA 2026 and plans entry into India and the US, advancing TVS’s goal of 30% international revenue by 2030.', 'metric': 'International Expansion'}
- {'detail': 'Caveats filed by Mallika and Lakshmi Venu contest a 2024 family settlement, introducing uncertainty on promoter continuity and control per InGovern.', 'metric': 'Governance Risk'}
- {'detail': 'IDBI Capital listed TVS Motor as a top large-cap pick for Samvat 2083, attributing the view to bullish technical indicators and earnings outlooks.', 'metric': 'Analyst Sentiment'}

- [EV two-wheeler sales jump 48% in October, electric car registrations surge 76%; TVS leads market](https://www.businesstoday.in/auto/story/ev-two-wheeler-sales-jump-48-in-october-electric-car-registrations-surge-76-tvs-leads-market-566204-2026-11-06)
- [TVS-owned Norton to enter India, US markets in coming months; unveils new 450cc motorcycle](https://www.businesstoday.in/auto/story/tvs-owned-norton-to-enter-india-us-markets-in-coming-months-unveils-new-450cc-motorcycle-565508-2026-11-04)
- [Norton 450 makes world premiere at EICMA 2026, TVS Motor also showcases four production-ready models](https://www.thehindubusinessline.com/companies/norton-450-makes-world-premiere-at-eicma-2026-tvs-motor-also-showcases-four-production-ready-models/article71661034.ece)
- [TVS succession: A question of who gets what](https://www.businesstoday.in/latest/corporate/story/tvs-succession-a-question-of-who-gets-what-565459-2026-11-03)
- [Diwali stock picks: TechM, Dr Reddy's, Kotak Bank among top largecap bets for Samvat 2083](https://www.businesstoday.in/markets/trending-stocks/story/diwali-stock-picks-techm-dr-reddys-kotak-bank-among-top-largecap-bets-for-samvat-2083-565354-2026-11-03)

### What Changed

On November 6, 2026, TVS Motor Company demonstrated significant momentum in the electric vehicle segment, leading a broader market surge. According to Federation of Automobile Dealers Associations (FADA) data for October 2026, retail sales of electric two-wheelers jumped 48.49% year-on-year to 2,24,064 units. Within this expanding category, TVS Motor recorded a 94.66% increase in sales, outpacing the overall sector growth and establishing a dominant position ahead of competitors like Bajaj Auto and Hero MotoCorp. This performance coincides with a rise in the company's share price on the NSE, which closed at ₹4,491.70 on November 6, up from ₹4,450.00 in the previous session.

Despite the strong absolute growth in EV volumes, penetration rates for both electric two-wheelers and passenger vehicles declined month-on-month to 9.7%. This indicates that while the EV segment is accelerating rapidly, it still represents a small fraction of total auto sales, and traditional internal combustion engine vehicles continue to dominate the volume landscape. The sharp double-digit growth in TVS's EV sales suggests successful execution of its electrification strategy, but investors should monitor whether this trend sustains as the base effect normalizes and competition intensifies.

- TVS Motor led India's electric two-wheeler market in October 2026 with a 94.66% year-on-year sales increase, contributing to a sector-wide 48.49% growth to 2,24,064 units.
- The company's NSE share price rose to ₹4,491.70 on November 6, 2026, following the release of positive EV sales data.
- Electric vehicle penetration remained low at 9.7% month-on-month, highlighting that EVs still constitute a minor portion of total auto sales despite rapid growth.
- Tata Passenger Electric Mobility retained leadership in the electric car segment with 14,669 units sold, up 76.47% year-on-year.

- [EV two-wheeler sales jump 48% in October, electric car registrations surge 76%; TVS leads market](https://www.businesstoday.in/auto/story/ev-two-wheeler-sales-jump-48-in-october-electric-car-registrations-surge-76-tvs-leads-market-566204-2026-11-06)

### Official Filings

TVS Motor Company Limited reported strong operational and financial momentum for Q2 FY27, with standalone revenue rising 44% to ₹17,103.41 crore and net profit after tax increasing 52% to ₹1,377.15 crore. This growth is supported by robust sales volumes, including a 29% year-on-year increase in October 2026 to 700,134 units. The company is simultaneously executing significant structural changes through a composite scheme of arrangement: acquiring STPL Trading and Services Private Limited for ₹530.08 crore, amalgamating its wholly owned subsidiary TVS Motor Services Limited into the parent, and demerging its consumer-finance undertaking (including TVS Credit Services) into Harita ARC Limited. Under this demerger, existing shareholders will receive mirror-image shares in the new entity, which remains subject to statutory, regulatory, and shareholder approvals.

- Q2 FY27 Financial Performance: Standalone revenue grew 44% YoY to ₹17,103.41 crore; PAT increased 52% YoY to ₹1,377.15 crore.
- Sales Momentum: October 2026 domestic/international sales reached 700,134 units, up 29% from 543,557 units in October 2025.
- Corporate Restructuring: Board approved acquisition of STPL Trading for ₹530.08 crore and a composite scheme to amalgamate TVS Motor Services Ltd and demerge consumer-finance business into Harita ARC Ltd.
- Shareholder Impact: Demerger scheme proposes issuing equal shares in the resulting company to existing TVS Motor shareholders; pending regulatory and shareholder approvals.

- [TVS Motor Company Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TVSMOTOR_04112026174008_NSEBSEInvestorcalltranscript.pdf)
- [TVS Motor Company Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1900_WebXMLFile_20261104_175408568.xml)
- [TVS Motor Company Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "TVS MOTOR COMPANY STRENGTHENS ITS EUROPEAN PRESENCE WITH FOUR PRODUCTION-READY MODELS AT EICMA 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TVSMOTOR_03112026143108_NSEBSEEICMA_sd.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding Monthly Business Updates for the month of October 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/TVSMOTOR_01112026144636_TVSM_SalesupdateSD.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding a press release dated October 29, 2026, titled "TVS STRENGTHENS ITS MODERN-RETRO LINE WITH THE LAUNCH OF THE LATEST RONIN SERIES, INSPIRED BY AGONDA BEACH". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TVSMOTOR_29102026164847_NSEBSERoninAgoda.pdf)
- [TVS Motor Company Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102026145930_TVSMQ2FY27ResultsoutcomeSD.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026150637_TVSMQ2FY27ResultsoutcomeSD.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026150536_TVSMQ2FY27ResultsoutcomeSD.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding Outcome of Board Meeting held on October 28, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102026150348_TVSMQ2FY27ResultsoutcomeSD.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026150741_TVSMQ2FY27ResultsoutcomeSD.pdf)

### Fundamentals

TVS Motor Company demonstrates a robust operating trajectory with accelerating growth and improving earnings quality. For the quarter ended September 2026, sales surged 39% year-on-year to ₹19,474 crore, while net profit rose 46% to ₹1,219 crore, reflecting strong operational leverage. Earnings conversion remains solid, with Cash from Operating Activity at ₹1,867 crore for FY2026 (Mar 2026), representing 42% of operating profit. The balance sheet shows active expansion, with borrowings increasing to ₹39,453 crore as of Sep 2026 and fixed assets growing to ₹11,075 crore, supported by a reduction in Capital Work-in-Progress (CWIP) from ₹2,072 crore to ₹1,362 crore, indicating asset capitalization. Working capital efficiency has improved significantly, with Inventory Days falling to 26 days and the Cash Conversion Cycle deepening to -60 days as of Mar 2026. Return on Capital Employed (ROCE) also improved to 17% in FY2026. Promoter holding remains stable at 50.27%, while Foreign Institutional Investors (FIIs) increased their stake to 21.39%.

- Sales grew 39% YoY to ₹19,474 crore in Q2 FY2026-27, with Net Profit rising 46% to ₹1,219 crore.
- Cash from Operating Activity was ₹1,867 crore in FY2026 (42% of operating profit); ROCE improved to 17%.
- Borrowings rose to ₹39,453 crore (Sep 2026) alongside Fixed Assets growth to ₹11,075 crore; CWIP declined to ₹1,362 crore.
- Inventory Days fell to 26 (Mar 2026) and Cash Conversion Cycle reached -60 days; FII holding increased to 21.39%.

### Bull Case

TVS Motor Company presents a conditional upside case anchored by robust operational momentum in the electric vehicle segment and strategic expansion into premium markets. In October 2026, EV two-wheeler sales surged 48.49% year-on-year to 2,24,064 units, with TVS leading the segment through a 94.66% increase in its own EV retail sales. This rapid adoption supports long-term revenue diversification as India’s EV penetration reaches 9.7%. Concurrently, the company is advancing its international growth strategy, targeting an international revenue contribution of 30% or more by 2030. The unveiling of the Norton 450cc Urban model at EICMA 2026 signals progress in entering high-margin premium segments in India and the US, following over £200 million in investment. Technically, the stock has demonstrated resilience, posting a +12.8% return over the last month and a +30.3% return over the past year, despite a bearish monthly supertrend signal. These factors suggest underlying strength in brand execution and product pipeline, provided governance uncertainties are resolved.

- EV Momentum: TVS led the Indian EV two-wheeler market in October 2026 with a 94.66% sales increase, contributing to a sector-wide 48.49% YoY rise to 2,24,064 units.
- International Expansion: The company aims for 30% international revenue by 2030, highlighted by the Norton 450 premiere at EICMA 2026 and planned entry into US/Indian premium markets.
- Technical Resilience: The stock recorded a +12.8% one-month return and +30.3% one-year return, with daily and weekly trends showing bullish supertrend directions despite monthly bearish signals.
- Governance Monitor: A family succession dispute regarding economic interests and promoter control remains a key risk factor that could impact strategic continuity.

- [EV two-wheeler sales jump 48% in October, electric car registrations surge 76%; TVS leads market](https://www.businesstoday.in/auto/story/ev-two-wheeler-sales-jump-48-in-october-electric-car-registrations-surge-76-tvs-leads-market-566204-2026-11-06)
- [TVS-owned Norton to enter India, US markets in coming months; unveils new 450cc motorcycle](https://www.businesstoday.in/auto/story/tvs-owned-norton-to-enter-india-us-markets-in-coming-months-unveils-new-450cc-motorcycle-565508-2026-11-04)
- [Norton 450 makes world premiere at EICMA 2026, TVS Motor also showcases four production-ready models](https://www.thehindubusinessline.com/companies/norton-450-makes-world-premiere-at-eicma-2026-tvs-motor-also-showcases-four-production-ready-models/article71661034.ece)
- [TVS succession: A question of who gets what](https://www.businesstoday.in/latest/corporate/story/tvs-succession-a-question-of-who-gets-what-565459-2026-11-03)
- [Diwali stock picks: TechM, Dr Reddy's, Kotak Bank among top largecap bets for Samvat 2083](https://www.businesstoday.in/markets/trending-stocks/story/diwali-stock-picks-techm-dr-reddys-kotak-bank-among-top-largecap-bets-for-samvat-2083-565354-2026-11-03)
- [TVS Motor Company Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TVSMOTOR_04112026174008_NSEBSEInvestorcalltranscript.pdf)
- [TVS Motor Company Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1900_WebXMLFile_20261104_175408568.xml)
- [TVS Motor Company Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "TVS MOTOR COMPANY STRENGTHENS ITS EUROPEAN PRESENCE WITH FOUR PRODUCTION-READY MODELS AT EICMA 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TVSMOTOR_03112026143108_NSEBSEEICMA_sd.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding Monthly Business Updates for the month of October 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/TVSMOTOR_01112026144636_TVSM_SalesupdateSD.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding a press release dated October 29, 2026, titled "TVS STRENGTHENS ITS MODERN-RETRO LINE WITH THE LAUNCH OF THE LATEST RONIN SERIES, INSPIRED BY AGONDA BEACH". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TVSMOTOR_29102026164847_NSEBSERoninAgoda.pdf)

### Bear Case

TVS Motor faces significant governance uncertainty stemming from a public dispute within the Venu Srinivasan family regarding the division of economic interests. This conflict challenges a 2024 memorandum of understanding intended to settle business boundaries, with key family members filing caveats in Chennai courts. Proxy advisory firm InGovern highlights that such succession disputes create material uncertainty for minority investors concerning promoter control, management continuity, and strategic direction. While the company reports strong EV sales growth and international expansion plans, these operational positives are counterbalanced by the risk of leadership instability. Technically, the stock trades near resistance levels with a monthly trend showing bearish signals despite daily bullishness, indicating potential volatility as the market digests governance risks.

- Governance Risk: A family dispute over economic interests has led to court filings challenging a 2024 settlement memo, creating uncertainty around promoter control and strategic continuity per proxy advisory InGovern.
- Technical Divergence: The monthly trend is bearish (Supertrend: bearish, ADX: 80.8) while the daily trend remains bullish, suggesting conflicting momentum signals at current price levels.
- Resistance Proximity: The stock closed at ₹4,491.70, sitting just 0.36% below immediate resistance at ₹4,507.93, limiting short-term upside before testing higher barriers.
- Volatility Context: Annualized volatility stands at +27.9% with a maximum drawdown of -17.0%, reflecting elevated price swings that may intensify during governance developments.

- [EV two-wheeler sales jump 48% in October, electric car registrations surge 76%; TVS leads market](https://www.businesstoday.in/auto/story/ev-two-wheeler-sales-jump-48-in-october-electric-car-registrations-surge-76-tvs-leads-market-566204-2026-11-06)
- [TVS-owned Norton to enter India, US markets in coming months; unveils new 450cc motorcycle](https://www.businesstoday.in/auto/story/tvs-owned-norton-to-enter-india-us-markets-in-coming-months-unveils-new-450cc-motorcycle-565508-2026-11-04)
- [Norton 450 makes world premiere at EICMA 2026, TVS Motor also showcases four production-ready models](https://www.thehindubusinessline.com/companies/norton-450-makes-world-premiere-at-eicma-2026-tvs-motor-also-showcases-four-production-ready-models/article71661034.ece)
- [TVS succession: A question of who gets what](https://www.businesstoday.in/latest/corporate/story/tvs-succession-a-question-of-who-gets-what-565459-2026-11-03)
- [Diwali stock picks: TechM, Dr Reddy's, Kotak Bank among top largecap bets for Samvat 2083](https://www.businesstoday.in/markets/trending-stocks/story/diwali-stock-picks-techm-dr-reddys-kotak-bank-among-top-largecap-bets-for-samvat-2083-565354-2026-11-03)
- [TVS Motor Company Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TVSMOTOR_04112026174008_NSEBSEInvestorcalltranscript.pdf)
- [TVS Motor Company Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1900_WebXMLFile_20261104_175408568.xml)
- [TVS Motor Company Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "TVS MOTOR COMPANY STRENGTHENS ITS EUROPEAN PRESENCE WITH FOUR PRODUCTION-READY MODELS AT EICMA 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TVSMOTOR_03112026143108_NSEBSEEICMA_sd.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding Monthly Business Updates for the month of October 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/TVSMOTOR_01112026144636_TVSM_SalesupdateSD.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding a press release dated October 29, 2026, titled "TVS STRENGTHENS ITS MODERN-RETRO LINE WITH THE LAUNCH OF THE LATEST RONIN SERIES, INSPIRED BY AGONDA BEACH". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TVSMOTOR_29102026164847_NSEBSERoninAgoda.pdf)

### FAQs

**What is the status of TVS Motor's proposed demerger of its consumer finance business?**

The Board approved a scheme to demerge its consumer-finance and related business into a separate company. Existing shareholders will receive mirror-image shareholdings in the new entity, while TVS Motor will not retain shares in it. The undertaking includes the investment in TVS Credit Services and other non-core investments. The scheme remains subject to statutory, regulatory, shareholder, and other applicable approvals.

**How has TVS Motor performed in October 2026 compared to the previous year?**

TVS Motor reported total sales of 700,134 units in October 2026, representing a 29% year-on-year increase from 543,557 units in October 2025. In the electric two-wheeler segment specifically, retail sales rose 48.49% year-on-year to 2,24,064 units, with TVS leading the market with a 94.66% increase in EV sales.

**What governance risks are currently associated with TVS Motor Company?**

A dispute has emerged within the Venu Srinivasan family over the division of economic interests, challenging a 2024 memorandum of understanding intended to settle business boundaries. Mallika and Lakshmi Venu have contested claims of a completed settlement by filing caveats in Chennai courts. Proxy advisory firm InGovern warns that such succession disputes create uncertainty for minority investors regarding promoter control, management continuity, and strategic direction.

**What are the current technical support and resistance levels for TVS Motor stock?**

As of November 6, 2026, the stock closed at ₹4,491.70. Immediate resistance is noted at ₹4,507.93 (0.36% above), followed by ₹4,565.87 and ₹4,641.73. Key support levels are located at ₹4,432.07 (pivot), ₹4,374.13, and ₹4,311.75. The daily trend is bullish, while the monthly trend is bearish.

- [EV two-wheeler sales jump 48% in October, electric car registrations surge 76%; TVS leads market](https://www.businesstoday.in/auto/story/ev-two-wheeler-sales-jump-48-in-october-electric-car-registrations-surge-76-tvs-leads-market-566204-2026-11-06)
- [TVS-owned Norton to enter India, US markets in coming months; unveils new 450cc motorcycle](https://www.businesstoday.in/auto/story/tvs-owned-norton-to-enter-india-us-markets-in-coming-months-unveils-new-450cc-motorcycle-565508-2026-11-04)
- [Norton 450 makes world premiere at EICMA 2026, TVS Motor also showcases four production-ready models](https://www.thehindubusinessline.com/companies/norton-450-makes-world-premiere-at-eicma-2026-tvs-motor-also-showcases-four-production-ready-models/article71661034.ece)
- [TVS succession: A question of who gets what](https://www.businesstoday.in/latest/corporate/story/tvs-succession-a-question-of-who-gets-what-565459-2026-11-03)
- [Diwali stock picks: TechM, Dr Reddy's, Kotak Bank among top largecap bets for Samvat 2083](https://www.businesstoday.in/markets/trending-stocks/story/diwali-stock-picks-techm-dr-reddys-kotak-bank-among-top-largecap-bets-for-samvat-2083-565354-2026-11-03)
- [TVS Motor Company Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TVSMOTOR_04112026174008_NSEBSEInvestorcalltranscript.pdf)
- [TVS Motor Company Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1900_WebXMLFile_20261104_175408568.xml)
- [TVS Motor Company Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "TVS MOTOR COMPANY STRENGTHENS ITS EUROPEAN PRESENCE WITH FOUR PRODUCTION-READY MODELS AT EICMA 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TVSMOTOR_03112026143108_NSEBSEEICMA_sd.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding Monthly Business Updates for the month of October 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/TVSMOTOR_01112026144636_TVSM_SalesupdateSD.pdf)
- [TVS Motor Company Limited has informed the Exchange regarding a press release dated October 29, 2026, titled "TVS STRENGTHENS ITS MODERN-RETRO LINE WITH THE LAUNCH OF THE LATEST RONIN SERIES, INSPIRED BY AGONDA BEACH". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TVSMOTOR_29102026164847_NSEBSERoninAgoda.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹4,432.07
- Risk regime: Price Risk Currently Contained

### Support levels
- 4311.75
- 4064.9
- 3743.4

### Resistance levels
- 4507.933333333333
- 4565.866666666667
- 4641.733333333334

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.94% |
| return_10 | +12.85% |
| return_1m | +12.83% |
| return_1y | +30.32% |
| return_20 | +16.99% |
| return_3m | +2.67% |
| return_5 | +7.07% |
| return_6m | +24.15% |
| return_since_start | +86.64% |
| return_ytd | +18.38% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -16.96% |
| annualized_volatility | +27.91% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# TVS Motor Company Limited FY2026-27 Q2: Revenue grows 39% year on year

TVS Motor reported consolidated revenue from operations of ₹19,474 crore for the quarter ended 30 September 2026, up 38.6% year on year and 19.5% from FY2026-27 Q1. Profit before tax rose 45.3% year on year to ₹1,796 crore, while profit for the period increased 46.4% to ₹1,219 crore. At 30 September, total assets and borrowings were higher than at 31 March 2026.

## Revenue and profitability

Revenue from operations increased from ₹16,296 crore in FY2026-27 Q1 to ₹19,474 crore in Q2, a sequential rise of ₹3,179 crore. Compared with ₹14,051 crore in FY2025-26 Q2, revenue was higher by ₹5,423 crore, or 38.6%. Total income was ₹19,572 crore, including ₹98 crore of other income.

Expenses rose 19.4% sequentially to ₹17,777 crore, slightly less than the 19.5% increase in revenue from operations. Profit before tax increased 15.1% from ₹1,560 crore in Q1 to ₹1,796 crore in Q2; compared with ₹1,236 crore in FY2025-26 Q2, it was up 45.3%. Tax expense rose 17.3% sequentially to ₹572 crore. Profit for the period was ₹1,219 crore, up 15.3% from Q1 and 46.4% year on year. Of Q2 profit, ₹1,195 crore was attributable to owners of the parent and ₹24.9 crore to non-controlling interests.

Basic earnings per share was ₹25.14, compared with ₹21.46 in Q1 and ₹16.74 in FY2025-26 Q2. Comprehensive income was ₹1,252 crore, versus ₹1,036 crore in Q1.

## Balance sheet and liquidity

Total assets stood at ₹66,871 crore on 30 September 2026, up from ₹56,501 crore on 31 March 2026. Current assets were ₹38,118 crore, including inventories of ₹3,031 crore and trade receivables of ₹3,072 crore. Cash and cash equivalents were ₹4,968 crore, while other bank balances were ₹1,619 crore.

Total liabilities were ₹54,575 crore. Current borrowings were ₹20,200 crore and non-current borrowings ₹17,686 crore; trade payables stood at ₹12,319 crore. Equity attributable to owners of the parent increased to ₹11,348 crore from ₹9,564 crore at 31 March 2026. The increase in borrowings alongside the expansion in assets is a material balance-sheet development to monitor alongside earnings growth.

## Key Takeaway

TVS Motor delivered strong year-on-year growth in revenue and profit in Q2, with profit rising faster than revenue. Assets and borrowings also increased substantially from the March year-end position, making the balance-sheet expansion an important counterpart to the quarter’s earnings growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +50.27%
- FII holding: +20.45%
- DII holding: +21.12%
- Mutual fund holding: +16.29%
- Retail holding: +6.45%
- Promoter pledged: +0.00%

### Major reported shareholders

- TVS HOLDINGS LIMITED (Formerly known as Sundaram Clayton Limited) — +50.26% (Bodies Corporate)
- ICICI Mutual Fund — +6.81%
- NPS Trust — +1.66%
- Axis Mutual Fund — +1.43%
- Government of Singapore — +1.01%
- MALLIKA SRINIVASAN — +0.01%

## Official filings

- 2026-11-04 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_04112026174008_NSEBSEInvestorcalltranscript.pdf)
- 2026-11-04 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1900_WebXMLFile_20261104_175408568.xml)
- 2026-11-03 — Press Release: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_03112026143108_NSEBSEEICMA_sd.pdf)
- 2026-11-01 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_01112026144636_TVSM_SalesupdateSD.pdf)
- 2026-10-29 — Press Release: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_29102026164847_NSEBSERoninAgoda.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102026145930_TVSMQ2FY27ResultsoutcomeSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026150637_TVSMQ2FY27ResultsoutcomeSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026150536_TVSMQ2FY27ResultsoutcomeSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102026150348_TVSMQ2FY27ResultsoutcomeSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026150741_TVSMQ2FY27ResultsoutcomeSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102026151355_TVSM_SchemeSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102026152125_STPL_AcquisitionSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026152238_STPL_AcquisitionSD.pdf)
- 2026-10-28 — Press Release: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102026152658_TVSM_PRESSRELEASESD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026153656_TVSMQ2FY27ResultsoutcomeSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026154031_NSEBSEUtilizationSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026154617_NSEBSESecuritycoverSD.pdf)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/TVSMOTOR_28102026163759_TVSMQ2FY27ResultsoutcomeSD.pdf)
- 2026-10-28 — Press Release: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TVSMOTOR_28102026194328_TVSM_PRESSRELEASESD.pdf)
- 2026-10-28 — Financial Results Filing: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748255_28102026082531_WEB.xml)
- 2026-10-28 — Financial Results Filing: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748258_28102026082728_WEB.xml)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1900_WebXMLFile_20261028_204413226.xml)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1900_WebXMLFile_20261028_205220725.xml)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1900_WebXMLFile_20261028_205000482.xml)
- 2026-10-28 — Generic Announcement: TVS Motor Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1900_WebXMLFile_20261028_205540100.xml)

## News and market events

- 2026-11-07 — Economic Times: **Diwali Muhurat Trading 2026: Samco Securities picks 12 stocks and ETFs for investors; BSE, Adani Power among top bets** — Samco Securities has unveiled a basket of 12 investment picks for the Diwali Muhurat Trading session on November 8, 2026, comprising 10 Indian stocks and two US-listed ETFs. The recommendations span sectors including power, IT services, aerospace, and commodities, with specific technical entry levels, stop-losses, and target prices provided for each asset. The international ETF selections are intended to offer exposure to energy and healthcare while hedging against risks such as rising crude oil prices and a weakening rupee. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/diwali-muhurat-trading-2026-samco-securities-picks-12-stocks-and-etfs-for-investors-bse-adani-power-among-top-bets/articleshow/135627545.cms)
- 2026-11-07 — Mint: **Muhurat Trading 2026 Diwali stocks to buy for upto 109% upside: BSE, Adani Power, HFCL, TechM - SAMCO's 10 shares | List** — Samco Wealth has recommended 10 stocks across sectors such as power, IT, and defense for Muhurat Trading on November 7, emphasizing diversification following a volatile market year. The brokerage highlighted companies including Azad Engineering, Adani Power, HFCL, Tech Mahindra, and BSE, citing strong quarterly earnings growth and order book visibility as key drivers for the new Samvat. — [Source](https://www.livemint.com/market/stock-market-news/muhurat-trading-2026-diwali-stocks-to-buy-for-upto-109-upside-bse-adani-power-hfcl-techm-samcos-10-shares-list-11794024034171.html)
- 2026-11-06 — BUSINESSTODAY: **EV two-wheeler sales jump 48% in October, electric car registrations surge 76%; TVS leads market** — India's electric vehicle market showed strong growth in October 2026, with electric two-wheeler retail sales rising 48.49% year-on-year to 2,24,064 units and electric passenger vehicle registrations surging 76.47% to 37,049 units, according to data from the Federation of Automobile Dealers Associations (FADA). TVS Motor Company led the two-wheeler segment with a 94.66% increase, while Tata Passenger Electric Mobility retained its leadership in the electric car category with 14,669 units sold. Despite these gains, EV penetration rates declined month-on-month for both segments, falling to 9.7% i — [Source](https://www.businesstoday.in/auto/story/ev-two-wheeler-sales-jump-48-in-october-electric-car-registrations-surge-76-tvs-leads-market-566204-2026-11-06)
- 2026-11-03 — BUSINESSTODAY: **TVS-owned Norton to enter India, US markets in coming months; unveils new 450cc motorcycle** — TVS Motor-owned Norton is preparing to enter the Indian and US markets in the coming months, marking a significant expansion for the British motorcycle manufacturer following over £200 million in investment. The company unveiled its new 450cc Urban model at EICMA 2026, which features a 454cc engine and advanced technology, as it shifts from product launches to commercial deliveries across multiple segments. — [Source](https://www.businesstoday.in/auto/story/tvs-owned-norton-to-enter-india-us-markets-in-coming-months-unveils-new-450cc-motorcycle-565508-2026-11-04)
- 2026-11-03 — The Hindu: **Norton 450 makes world premiere at EICMA 2026, TVS Motor also showcases four production-ready models** — TVS Motor-owned Norton Motorcycles unveiled the all-new Norton 450 at EICMA 2026, marking a new generation of accessible urban commuting models. Separately, TVS Motor showcased four production-ready models for the European market, reinforcing its strategy to increase international revenue contribution to 30% or more by 2030. — [Source](https://www.thehindubusinessline.com/companies/norton-450-makes-world-premiere-at-eicma-2026-tvs-motor-also-showcases-four-production-ready-models/article71661034.ece)
- 2026-11-03 — BUSINESSTODAY: **TVS succession: A question of who gets what** — A dispute has emerged within the Venu Srinivasan family over the division of economic interests, challenging a 2024 memorandum of understanding that was intended to settle business boundaries. Mallika and Lakshmi Venu have contested claims of a completed settlement, filing caveats in Chennai courts as the disagreement highlights significant governance risks for listed entities like TVS Motor Company. Proxy advisory firm InGovern warns that such succession disputes create uncertainty for minority investors regarding promoter control, management continuity, and strategic direction. — [Source](https://www.businesstoday.in/latest/corporate/story/tvs-succession-a-question-of-who-gets-what-565459-2026-11-03)
- 2026-11-03 — BUSINESSTODAY: **Diwali stock picks: TechM, Dr Reddy's, Kotak Bank among top largecap bets for Samvat 2083** — IDBI Capital has recommended Tech Mahindra, Dr Reddy's Laboratories, Kotak Mahindra Bank, TVS Motor Company, and Indian Hotels Company as top large-cap stock picks for the Samvat 2083 period. The firm cites a constructive outlook for Indian equities driven by resilient domestic demand, improving corporate earnings, and attractive valuations following recent market corrections. These recommendations are based on technical indicators suggesting bullish momentum and potential uptrends in the selected stocks. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/diwali-stock-picks-techm-dr-reddys-kotak-bank-among-top-largecap-bets-for-samvat-2083-565354-2026-11-03)
- 2026-11-03 — Mint: **TVS October 2026 sales jump 28.8% YoY to 7 lakh units; electric scooter sales more than double | Mint** — TVS Motor Company reported a 28.81% year-on-year increase in October 2026 sales, reaching 700,134 units driven by strong domestic and export volumes across its two- and three-wheeler segments. Electric two-wheeler sales surged 120.40% to 71,382 units, while total exports rose 51.42% to 175,350 units, accounting for 25.05% of the company's total sales. — [Source](https://www.livemint.com/auto-news/tvs-october-2026-sales-jump-28-8-yoy-to-7-lakh-units-electric-scooter-sales-more-than-double-11793677418925.html)
- 2026-11-02 — Economic Times: **TVS-owned Norton unveils 450 cc urban bike to win a new generation of riders** — TVS Motor-owned Norton has unveiled a new 450 cc urban motorcycle featuring a liquid-cooled engine and advanced connectivity, with sales scheduled to begin in 2027. This launch follows the introduction of four new-generation models at EICMA 2025 and supports Norton's strategy to expand its international retail network, including planned entries into India and the United States. — [Source](https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/tvs-owned-norton-unveils-450-cc-urban-bike-to-win-a-new-generation-of-riders/articleshow/135469732.cms)
- 2026-11-02 — The Hindu: **Norton Motorcycles announces its new 450 cc urban motorcycle** — Norton Motorcycles has announced a new 450 cc urban motorcycle featuring a 454 cc engine and advanced connectivity, with sales scheduled to begin in 2027. This launch is part of the British brand's resurgence supported by TVS Motor Company’s long-term investment and global engineering capabilities. The model forms a key component of Norton’s international expansion strategy, which includes preparations for entry into India and the US. — [Source](https://www.thehindubusinessline.com/news/norton-motorcycles-announces-its-new-450-cc-urban-motorcycle/article71657203.ece)
- 2026-11-02 — Economic Times: **TVS family succession dispute raises governance questions for listed companies, says InGovern** — Governance advisory firm InGovern reported that a public succession dispute within the Venu Srinivasan family over asset distribution and economic settlement poses governance risks for listed companies TVS Holdings Ltd and TVS Motor Company. The disagreement centers on whether a March 2024 memorandum of understanding constitutes a final settlement, with family members disputing the clarity of succession rights and management arrangements despite formal corporate transitions having been implemented. — [Source](https://cfo.economictimes.indiatimes.com/news/governance-risk-compliance/tvs-family-succession-dispute-raises-governance-questions-for-listed-companies-says-ingovern/135443228)
- 2026-11-01 — The Hindu: **Festive cheer lifts electric two-wheeler retail to all-time peak of 2.24 lakh** — India’s electric two-wheeler sector recorded a record monthly retail volume of 2,23,886 units in October 2026, marking the third consecutive month exceeding two lakh units, while total two-wheeler registrations surged 28.7% year-on-year. Despite the volume growth, electric vehicle penetration fell from 11.58% in September to 9.65% in October because non-electric registrations grew at a faster rate of 31.5%. — [Source](https://www.thehindubusinessline.com/news/festive-cheer-lifts-electric-two-wheeler-retail-to-all-time-peak-of-224-lakh/article71652655.ece)
- 2026-11-01 — Economic Times: **TVS family succession dispute raises governance questions for listed companies, says InGovern** — Governance advisory firm InGovern reported that a public succession dispute within the Venu Srinivasan family poses governance risks to listed companies TVS Holdings Ltd and TVS Motor Company due to unresolved questions regarding economic settlements and management transparency. While formal ownership transfers and management appointments have been disclosed to exchanges, the core family disagreement over asset distribution remains unsettled, raising concerns about long-term promoter control stability. — [Source](https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/tvs-family-succession-dispute-venu-srinivasan-raises-governance-questions-for-listed-companies-says-ingovern/articleshow/135425114.cms)
- 2026-11-01 — Economic Times: **TVS Motor sales rise 29% to 7 lakh units in October; EV sales jump 120%** — TVS Motor Company reported a 29% year-on-year increase in total sales to 7,00,134 units in October 2026, driven by strong growth in two-wheeler and electric vehicle segments. International business sales grew by 51%, while domestic two-wheeler sales rose 22% and electric two-wheeler sales jumped 120%. — [Source](https://economictimes.indiatimes.com/industry/auto/cars-uvs/tvs-motor-sales-rise-29-to-7-lakh-units-in-october-ev-sales-jump-120/articleshow/135425109.cms)
- 2026-11-01 — BUSINESSTODAY: **TVS family feud could put listed companies at risk, warns governance firm InGovern** — Governance advisory firm InGovern warned that an ongoing succession dispute within the Venu Srinivasan family poses governance risks to listed entities TVS Holdings Ltd and TVS Motor Company due to unresolved questions over promoter control and management arrangements. The firm highlighted that while formal ownership transitions have occurred, the lack of transparent disclosure regarding the settlement of economic interests creates uncertainty for minority shareholders. — [Source](https://www.businesstoday.in/latest/corporate/story/tvs-family-feud-could-put-listed-companies-at-risk-warns-governance-firm-ingovern-564987-2026-11-01)
- 2026-11-01 — The Hindu: **Reopening family pacts after ownership transfers will hurt TVS minority shareholders: InGovern** — InGovern warns reopening family pacts after TVS ownership changes could undermine promoter control and hurt minority shareholders. — [Source](https://www.thehindubusinessline.com/companies/reopening-family-pacts-after-ownership-transfers-will-hurt-tvs-minority-shareholders-ingovern/article71652430.ece)
- 2026-11-01 — The Hindu: **Differences at TVS Motor must be resolved as per MoU terms, trust arrangements, law: InGovern** — Proxy advisory firm InGovern Research Services warned that reopening documented family arrangements regarding ownership transfers at TVS Holdings could unsettle promoter control and harm minority shareholders. The advisory firm stated that differences over a March 2024 Memorandum of Understanding (MoU) among family members should be resolved according to its terms, trust arrangements, and applicable law rather than through public statements. — [Source](https://www.thehindubusinessline.com/companies/differences-at-tvs-motor-must-be-resolved-as-per-mou-terms-trust-arrangements-law-ingovern/article71652430.ece)
- 2026-10-29 — Mint: **Tata Group’s November test: Chandrasekaran’s reappointment row and Mehli Mistry’s November 5 hearing | Company Business News** — A governance dispute has escalated within the Tata Group as Noel Tata challenges the validity of N Chandrasekaran’s reappointment as executive chairman of Tata Sons, citing procedural irregularities and lack of proper committee constitution. Simultaneously, former trustee Mehli Mistry has challenged the governance of Tata Trusts and Noel Tata’s eligibility as a trustee, with a hearing scheduled for November 5. — [Source](https://www.livemint.com/companies/news/tata-group-s-november-test-chandrasekaran-s-reappointment-row-and-mehli-mistry-s-november-5-hearing-11793292372289.html)
- 2026-10-29 — Economic Times: **TVS Motor to make 80,000 electric two-wheelers a month as EVs capture over 20% of India's scooter market** — TVS Motor Company announced plans to raise its electric two-wheeler manufacturing capacity to 80,000 units per month by March 2027, citing that EV penetration in the Indian scooter segment has exceeded 20% and domestic EV sales more than doubled in Q2. Competitors Bajaj Auto and Ather Energy are also expanding their respective production capacities to address rising market demand. — [Source](https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/tvs-motor-to-make-80000-electric-two-wheelers-a-month-as-evs-capture-over-20-of-indias-scooter-market/articleshow/135301923.cms)
- 2026-10-29 — MONEYCONTROL: **Buy TVS Motor; target of Rs 5600: Emkay Global Financial** — Buy TVS Motor; target of Rs 5600: Emkay Global Financial Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Kiren Rijiju MLC Election Results Moon Rise Time Today Silver Price Nagpur MLC Election Result Amazon Layoffs US Fed Rates Varanasi MLC Polls News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loa — [Source](https://www.moneycontrol.com/news/business/stocks/buy-tvs-motor-target-of-rs-5600-emkay-global-financial-14063365.html)
- 2026-10-29 — MONEYCONTROL: **Buy TVS Motor; target of Rs 5050: Anand Rathi** — Buy TVS Motor; target of Rs 5050: Anand Rathi Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Kiren Rijiju MLC Election Results Moon Rise Time Today Silver Price Nagpur MLC Election Result Amazon Layoffs US Fed Rates Varanasi MLC Polls News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 — [Source](https://www.moneycontrol.com/news/business/stocks/buy-tvs-motor-target-of-rs-5050-anand-rathi-14063291.html)
- 2026-10-29 — MONEYCONTROL: **TVS Motor shares in focus after Q2 profit jumps 50%; CLSA, Nomura see up to 15% upside** — TVS Motor shares in focus after Q2 profit jumps 50%; CLSA, Nomura see up to 15% upside Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal — [Source](https://www.moneycontrol.com/news/business/markets/tvs-motor-shares-in-focus-after-q2-profit-jumps-50-clsa-nomura-see-up-to-15-upside-14063118.html)
- 2026-10-29 — MONEYCONTROL: **Buy TVS Motor Company; target of Rs 4900: Choice Institutional Equities** — Buy TVS Motor Company; target of Rs 4900: Choice Institutional Equities Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more H — [Source](https://www.moneycontrol.com/news/business/stocks/buy-tvs-motor-company-target-of-rs-4900-choice-institutional-equities-14063139.html)
- 2026-10-29 — MONEYCONTROL: **TVS Motor Q2 FY27: Strong growth across markets keeps earnings momentum intact** — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/tvs-motor-q2-fy27-strong-growth-across-markets-keeps-earnings-momentum-intact-14063110.html)
- 2026-10-29 — FEEDS: **TVS Motor Q2 Review: Record Market Share, 47% EBITDA Growth Spur Target Hikes; Why Citi Still Says 'Sell'** — TVS Motor's operating performance was supported by a broad-based increase in volumes. Total two- and three-wheeler sales rose 27% year-on-year to around 1.9 million units, while EBITDA increased to Rs 2,219 crore from Rs 1,507 crore in the year-ago quarter. — [Source](https://www.ndtvprofit.com/markets/tvs-motor-q2-results-review-record-market-share-47-percent-ebitda-growth-brokerages-target-hikes-citi-sell-jefferies-auto-stocks-sensex-today-12251547)

## Business profile

**Strategic vision:** Manufacturer of two-wheelers, three-wheelers, and mobility solutions.

### Business segments
- **Motorcycles:** Offers a range of motorcycles from performance-oriented models to commuter bikes.
- **Scooters:** Provides a variety of scooter models for personal transportation.
- **Electric Vehicles:** Features electric scooters and other electric mobility solutions.
- **Mopeds:** Serves the moped market with specific models.
- **Three-wheelers:** Manufactures three-wheelers for both passenger and cargo applications.
- **Related Products:** Generates revenue through the sale of accessories, merchandise, spare parts, and lubricants.

### Competitive strengths
- Extensive dealership network for sales and after-sales service.
- Global manufacturing footprint.
- Acquisition of established international brands like Norton Motorcycles.
- Subsidiaries focused on emerging e-mobility markets.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/tvsmotor
Markdown representation: https://faxioms.com/stocks/tvsmotor?render=md