TVS Motor Company, one of India’s leading two-wheeler and three-wheeler manufacturers, reported a stellar performance for the second quarter ended September 2025 (Q2 FY26) on October 28, 2025. The Chennai-based automaker achieved its highest-ever quarterly sales, revenue, and profit, driven by strong demand across domestic and international markets, along with a robust product lineup expansion.
Financial Highlights
TVS Motor’s consolidated net profit soared 41.6% year-on-year (YoY) to ₹833 crore, compared with ₹588 crore in the same quarter of the previous year. On a standalone basis, the company reported a 36.6% increase in net profit to ₹906 crore, against ₹663 crore in Q2 FY25.
Revenue from operations climbed 25.5% YoY to ₹14,051 crore, up from ₹11,197 crore in the same period last year. At the operating level, EBITDA rose 40% YoY to ₹1,509 crore, compared to ₹1,080 crore in Q2 FY25. The EBITDA margin improved by 100 basis points to 12.7%, reflecting operational efficiency and better product mix despite higher input costs.
For the half-year ended September 2025, total revenue stood at ₹21,986 crore, marking a 25% YoY rise, while profit before tax (PBT) jumped 36% to ₹2,279 crore, up from ₹1,680 crore in the same period last year.
Record Sales Performance
The company achieved its highest-ever quarterly sales, with total two-wheeler and three-wheeler volumes, including exports, rising 23% YoY to 15.07 lakh units, compared with 12.28 lakh units a year ago.
Segment-Wise Growth:
- Motorcycles: Sales increased 20% YoY to 6.73 lakh units, up from 5.61 lakh units in Q2 FY25.
- Scooters: Delivered strong 30% YoY growth, reaching 6.39 lakh units, compared with 4.90 lakh units last year.
- Three-Wheelers: Maintained momentum with 41% growth, selling 0.53 lakh units against 0.38 lakh units in Q2 FY25.
- International Business: Two-wheeler exports jumped 31% YoY to 3.63 lakh units, reflecting strong demand across key global markets.
Electric Vehicle (EV) Segment
TVS Motor also recorded its highest-ever electric vehicle (EV) sales in Q2 FY26. EV volumes grew 7% YoY to 0.80 lakh units, compared to 0.75 lakh units in the same period last year. The company further strengthened its EV portfolio with new product launches, including the TVS Orbiter, while expanding into the adventure tourer segment with the TVS Apache RTX.
Half-Yearly Overview
For the six months ended September 2025, two-wheeler sales rose 20% YoY to 26.86 lakh units, while three-wheeler sales surged 43% to 0.98 lakh units. Combined exports of two- and three-wheelers climbed 34% YoY to 7.52 lakh units.
The strong sales growth across categories underpinned TVS Motor’s consistent financial performance, reaffirming its leadership in the two-wheeler and EV segments.
Operational Outlook
While the company continues to enjoy strong market momentum, it highlighted supply-side challenges, particularly the limited availability of magnets, which could affect EV production in the short to medium term. Despite these constraints, TVS Motor remains confident in sustaining its growth trajectory through innovation and an expanded product lineup.
Also Read:
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- Kotak Mahindra Bank Q2 FY26 Results: Net Profit Slips 2.7% While NII Rises 4% YoY
- Dr Reddy’s Laboratories Q2 FY26 Results: Profit Up 14%, Revenue Climbs Nearly 10%
- Coforge Q2 FY26 Results: Profit Surges 86% YoY, Revenue Up 32%
Conclusion
TVS Motor’s Q2 FY26 performance marks a significant milestone, setting new benchmarks in sales, profitability, and operational excellence. The company’s strong domestic demand, growing export footprint, and continuous innovation in the electric vehicle space underscore its strategic strength and adaptability in a competitive market.
With record earnings and consistent growth across segments, TVS Motor is well-positioned for continued success in FY26 and beyond.
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