Revenue from operations surged 25.5% YoY to Rs 14,051 crore, up from Rs 11,197 crore in the same period last year.
The company also reported its highest-ever operating EBITDA of Rs 1,509 crore for the quarter ended September 2025, marking a 40% increase from Rs 1,080 crore in the same quarter of FY2024–25. The operating EBITDA margin improved by 100 basis points, rising to 12.7% from 11.7% in the corresponding quarter of the previous year.
TVS Motor reported its highest-ever quarterly sales for the quarter ended September 2025, with total two-wheeler and three-wheeler sales, including international markets, rising 23% year-on-year (YoY) to 15.07 lakh units, compared with 12.28 lakh units in the same quarter last year.
Segment-wise performance:
– Motorcycles: Sales grew 20% YoY to 6.73 lakh units, up from 5.61 lakh units in Q2 FY25.
– Scooters: Posted a robust 30% YoY growth, with sales at 6.39 lakh units, compared to 4.90 lakh units in the corresponding period last year.
– International two-wheelers: Jumped 31% YoY to 3.63 lakh units in Q2 FY26 versus 2.78 lakh units a year ago.
– Three-wheelers: Maintained strong momentum, with sales up 41% YoY to 0.53 lakh units, against 0.38 lakh units in Q2 FY25.
The company also reported its highest-ever electric vehicle (EV) sales for the quarter ended September 2025, registering a 7% year-on-year (YoY) growth. Total EV sales stood at 0.80 lakh units, compared to 0.75 lakh units in the same period last year.
Despite the growth, the company flagged ongoing supply-side challenges, stating, “Magnet availability continues to pose challenges in the short to medium term,” hinting at potential constraints on future production and deliveries.
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