TVS Motor

TVS Motor delivered a record Q4 FY26 with revenue of ₹12,880 croreCurrent reported value: ₹12,880 crore. No comparable prior figure is available in the source record. (+36Current reported value: 36. No comparable prior figure is available in the source record.% YoY) and EBITDA margin of 13.1%Current reported value: 13.1%. No comparable prior figure is available in the source record. (+60bps YoY), driven by strong volume growth across segments. Total volumes reached 5.9 million unitsCurrent 5.9 million units. Reported change: +24% YoY. (+24% YoY), with two-wheeler domestic ICE growing 26% (industry +24%), EV two-wheelers surging 51% to 115,000Current 115,000. Reported change: +51% YoY. units, and three-wheelers up 65%. International business revenue was ₹2,999 croreCurrent ₹2,999 crore. Reported change: +33% YoY. (+33% YoY). Management guided for industry single-digit growth in FY27 but expects TVS to outperform, supported by a strong product pipeline (Norton, new EV variants) and capacity expansion to 8.3 million units. Key risks include commodity inflation (3-5% of revenue), supply chain disruptions, and geopolitical headwinds in export markets.