TVS Motor Company registered a record quarterly performance in the third quarter of the 2025–26 financial year, reporting total sales of 1.544 million units — the highest ever for the company and a 27% increase year‑on‑year. The surge was broad‑based, driven by robust domestic demand, a strong international showing and accelerating electric vehicle adoption.
TVS Motor sales growth India and key drivers
Domestic two‑wheeler sales climbed significantly, with the company recording a 25% rise in two‑wheeler volumes for the quarter to 1.484 million units compared with the prior year. Motorcycles and scooters enjoyed particularly strong demand, contributing directly to the overall uplift. In December 2025 alone, TVS sold 481,389 units — a 50% increase year‑on‑year — underscoring the momentum in the domestic market.
The three‑wheeler business delivered an especially notable performance, with volumes rising 106% from 29,000 units in Q3 2024–25 to 60,000 units in Q3 2025–26. The company attributed the jump to higher demand in commercial segments and last‑mile mobility, where three‑wheelers remain a cost‑effective solution for urban deliveries and small businesses.
Electric vehicles also contributed strongly to the quarter’s results. December EV sales surged 77% to 35,605 units from 20,171 units a year earlier, reflecting rising consumer acceptance and an expanding product mix. TVS’s growing EV volumes suggest the company is capturing market share in a segment that is increasingly important to both domestic policy objectives and urban transport needs.
International markets were another bright spot. Exports increased 40% year‑on‑year to 410,000 units for the quarter, compared with 294,000 units in the equivalent period last year. The outward push helped offset cyclical weakness in some markets and demonstrated TVS’s strengthened global footprint.
Looking at monthly performance, domestic two‑wheeler sales in December rose 54% to 330,362 units, while total two‑wheeler domestic sales for the month were up 48% at 461,071 units. Motorcycle sales increased by 50% to 216,867 units and scooters recorded 198,017 units, representing a combined uplift that underpinned the company’s strong month.
On exports, total shipments for the month were also healthy, with overall exports for the period rising 40% to 146,022 units. Three‑wheeler exports more than doubled, up 110% to 20,318 units, adding to the quarter’s positive narrative.
Company officials said the results reflect sustained investments in product development, distribution and after‑sales service, alongside favourable market conditions in both India and overseas markets. The broad‑based nature of the recovery — spanning conventional two‑wheelers, three‑wheelers and electric vehicles — points to resilient demand across customer segments.
For the wider Indian auto sector, TVS’s performance signals continued domestic consumption strength and growing competitiveness abroad. As manufacturers intensify focus on electrification and last‑mile commercial solutions, companies that scale production and distribution efficiently are likely to benefit. TVS’s record volumes this quarter position it well to capitalise on these trends while supporting export‑led growth from India within the BRICS economic grouping.
Key Takeaways:
- TVS Motor sales growth India reached a record 1.544 million units in Q3 2025–26, up 27% year‑on‑year.
- Domestic demand and international exports both strengthened, with exports rising 40% to 410,000 units.
- Three‑wheeler sales jumped 106% and electric vehicle volumes rose 77% in December, underlining broad‑based gains.
- Strong motorcycle and scooter demand plus last‑mile commercial mobility drove overall growth.
