TVS Motor Company reported a strong performance for September 2026, with total sales reaching 672,790 units—a 24% increase from the same period last year. The growth was led by a massive 110% spike in electric vehicle sales and robust international demand, which grew by 48%. For the second quarter of FY27, the company delivered 1.9 million units in total sales, signaling healthy demand across its two-wheeler, three-wheeler, and international business segments.
TVS Motor September Sales Jump 24% to 6.72 Lakh Units
Total sales hit 672,790 units in September 2026, marking a 24% growth over September 2025. Electric two-wheeler sales surged 110% YoY, driving overall performance.
Reader Takeaway: EV adoption and international market expansion are primary growth drivers, offsetting domestic market competition.
What just happened
TVS Motor Company has released its sales volume report for September 2026. The company moved 672,790 units, a significant jump from 541,064 units in September 2025. Growth was broad-based, with domestic two-wheelers rising 17%, international two-wheelers jumping 48%, and three-wheelers climbing 57%.
Why this matters
The standout figure is the 110% growth in electric two-wheelers, which reached 65,799 units. This indicates that TVS is successfully capturing market share in the EV space. Additionally, the 48% growth in international business suggests that TVS is gaining meaningful traction in key export markets, providing a buffer against domestic demand fluctuations.
Q2 Performance
For the second quarter of FY27, TVS recorded 1.9 million units in total sales. Two-wheeler volumes hit 1.8 million units, up 27% year-on-year, while the three-wheeler segment saw a 47% increase, reflecting a recovery and sustained demand for commercial vehicles.
What to track next
Investors should monitor whether these high growth rates, particularly in the EV segment, can be sustained as the base effect normalizes and as regulatory or subsidy environments in the electric space evolve.