TVS Motor Sales Rise 27% in Q2 FY2026-27 on Strong Demand

TVS Motor Company recorded strong sales growth in the second quarter of FY2026-27, with two-wheeler volumes increasing 27% to 1.8 million units from 1.5 million units in the corresponding quarter a year earlier. Three-wheeler sales also expanded significantly, rising 47% to 78,475 units from 53,449 units in Q2 FY2025-26. Combined quarterly sales reached 1.9 million units. The results highlight broad-based volume growth across the company's core vehicle categories, with both domestic and international operations contributing to the overall increase. The company also reported particularly strong momentum in electric two-wheelers during the quarter.

TVS Motor Electric Two-Wheeler Sales Accelerate

The electric vehicle business delivered the strongest percentage growth during Q2 FY2026-27. Electric two-wheeler sales increased 133% to 186,000 units, reflecting accelerating demand for electric mobility across domestic and international markets. The substantial increase came alongside overall two-wheeler volume growth, indicating that electric models accounted for an increasingly important part of the company's quarterly sales performance. The results also show that the company's EV momentum extended beyond a single monthly period, with triple-digit growth continuing into the September quarter-end sales figures. This performance strengthens the role of electric two-wheelers within the company's broader product and volume mix.

TVS Motor Exports Increase 35% in Q2

International operations were another significant contributor to the quarterly performance. Export volumes rose 35% to 539,000 units in Q2 FY2026-27, compared with approximately 400,000 units during Q2 FY2025-26. The increase indicates stronger demand across the company's overseas markets and contributed materially to total quarterly volumes. India remained an important part of the company's overall business, while its international footprint continued to support growth. TVS Motor Company operates manufacturing facilities in India and Indonesia and sells products across 90 countries, giving export performance an important role in its overall sales development.

TVS Motor September 2026 Sales Reach 672,790 Units

In September 2026, TVS Motor Company recorded total sales of 672,790 units, representing a 24% increase from 541,064 units in September 2025. Domestic two-wheeler sales rose 17% to 482,073 units, while total two-wheeler volumes including exports increased 23% to 645,955 units. Electric two-wheeler sales more than doubled, climbing 110% to 65,799 units from 31,266 units a year earlier. International sales increased 48% to 180,700 units, while three-wheeler sales rose 57% to 26,835 units from 17,141 units in September 2025. The September results therefore extended growth across multiple operating categories.

August Growth Sets Up Strong Festive-Season Momentum

The September performance followed a strong August for the company. Two-wheeler sales increased 21% to 591,437 units in August 2026 from 490,788 units in August 2025. Electric two-wheeler sales surged 137% during the month, while exports increased 29% year over year. The progression from 21% two-wheeler growth in August to 24% in September indicates that demand remained resilient during the festive-season buildup. Electric two-wheelers maintained triple-digit growth across both months, reinforcing the acceleration already visible in the quarterly results. The combined performance provides a consistent picture of strengthening volumes across conventional, electric, and international sales channels.

About TVS Motor Company

TVS Motor Company is part of the TVS VENU group and operates manufacturing facilities in Indonesia as well as India. The company sells its products across 90 countries, giving it a broad international presence across two-wheeler and three-wheeler markets. Its UK subsidiary, Norton Motorcycles, operates in the premium motorcycle segment. The company's latest sales performance combines growth across its established two-wheeler business, electric mobility portfolio, three-wheeler operations, and international markets. These areas together provide the foundation for the volume gains reported during Q2 FY2026-27 and the monthly results for August and September 2026.

Industry Impact & Outlook

The results indicate that TVS Motor Company's growth is being supported by a combination of strong two-wheeler demand, rapidly expanding electric volumes, and higher international sales rather than a single market driver. The 133% quarterly increase in electric two-wheeler sales and continued triple-digit monthly EV growth could increase the strategic importance of electrification within the company's portfolio, while higher exports broaden the contribution from overseas markets. The immediate focus will likely remain on sustaining EV momentum, maintaining overall two-wheeler volumes, and converting international demand into continued growth as the company moves beyond the festive-season period.

Frequently Asked Questions

How did TVS Motor Company perform in Q2 FY2026-27?
TVS Motor Company delivered strong growth in Q2 FY2026-27, with two-wheeler sales increasing 27% to 1.8 million units from 1.5 million units a year earlier. Three-wheeler sales rose 47% to 78,475 units, while combined quarterly sales reached 1.9 million units. Electric two-wheeler sales recorded the strongest percentage increase, rising 133% to 186,000 units. Export volumes also increased 35% to 539,000 units. September continued the positive trend, with total sales reaching 672,790 units and electric two-wheeler sales increasing 110% year over year.