TVS Motor Company achieved its highest-ever annual sales of 5.89 million units and operating EBITDA of ₹6,079 crore in FY26. Revenue grew 30.4% to ₹47,270 crore, with PAT rising to ₹3,615 crore. An interim dividend of ₹12 per share was declared.
TVS Motor Company: Record FY26 Performance with Highest-Ever Sales and EBITDA
TVS Motor Company has announced a landmark fiscal year 2025-26, achieving its highest-ever annual sales of 5.89 million units and an operating EBITDA of ₹6,079 crore.
Reader Takeaway: Record sales and EBITDA driven by EV growth and premiumisation, but watch geopolitical risks and supply chains.
What just happened
TVS Motor Company reported record-breaking financial and operational results for the fiscal year ended March 31, 2026. The company sold a total of 5.89 million vehicles, its highest ever, and achieved an operating EBITDA of ₹6,079 crore. Revenue surged by 30.4% year-on-year to ₹47,270 crore. Profit After Tax (PAT) grew to ₹3,615 crore from ₹2,634 crore in the previous fiscal year.
Why this matters
These record numbers demonstrate strong market demand and effective strategic execution by TVS Motor, particularly in its electric vehicle (EV) segment and international business. The improved operating EBITDA margin of 12.9% from 12.3% indicates enhanced operational efficiency and a successful focus on premium products.
The backstory
In FY 2024-25, TVS Motor had reported revenues of ₹36,251 crore and a PAT of ₹2,634 crore. The company has been strategically investing in its EV portfolio and expanding its global footprint. The acquisition of Engines Engineering S.p.A. and the partnership with Hyundai Motor Company for electric three-wheelers are key recent developments.
What changes now
With these strong results, the company has declared an interim dividend of ₹12 per share, amounting to ₹570 crore. This performance is expected to boost investor confidence and reinforce TVS Motor's market position.
Risks to watch
Global geopolitical risks, such as the US-Iran-Israel conflict, could impact supply chains and energy prices. Additionally, temporary shortages of rare-earth magnets have been cited as a constraint for the EV segment.
Peer comparison
While specific peer numbers are not detailed in the filing, TVS Motor's strong EV growth of 33% YoY and 30.4% overall revenue growth suggests it is outperforming in key segments compared to broader industry trends. Its focus on premiumisation is a key differentiator.
Context metrics (time-bound)
- FY 2025-26 Sales: 5.89 million units (Highest Ever)
- FY 2025-26 Operating EBITDA: ₹6,079 crore (Highest Ever)
- FY 2025-26 Revenue: ₹47,270 crore (up 30.4% YoY)
- FY 2025-26 PAT: ₹3,615 crore (up 37.2% YoY)
- EV Segment Sales: 3.71 lakh units (up 33% YoY)
- International Business Volumes: 1.43 million units (up 30% YoY)
- Operating EBITDA Margin: 12.9% (up 60 bps YoY)
- Earnings Per Share (EPS): ₹76.09 (up from ₹55.44)
- Interim Dividend: ₹12 per share
What to track next
Investors will be keen to see how TVS Motor navigates global supply chain disruptions and inflationary pressures while maintaining its growth trajectory, particularly in the EV segment. Management's outlook for continued growth in line with market expectations will also be closely monitored.