TVS Motor Q3FY26 Sales Hit Record 1.54 Million Units

Record-Breaking Quarter for TVS Motor

TVS Motor Company has announced its highest-ever quarterly sales for the third quarter of the fiscal year 2026 (Q3FY26), reporting a total sales volume of 1.54 million units. This performance marks a substantial 27% growth compared to the same period in the previous fiscal year, underscoring the company's robust market demand and successful operational strategies. The strong results were driven by significant gains across all major business segments, including two-wheelers, three-wheelers, and international markets.

Broad-Based Growth Across Segments

The company's core two-wheeler segment, which forms the bulk of its sales, registered a solid 25% increase in volume. Sales grew from 1.18 million units in Q3FY25 to 1.48 million units in Q3FY26. This growth reflects sustained consumer interest in its motorcycle and scooter portfolios. The three-wheeler segment delivered an exceptional performance, with sales growing by an impressive 106%. The company sold 60,000 units in Q3FY26, a significant jump from the 29,000 units sold in the corresponding quarter of the previous year. This surge indicates a strong recovery and expansion in the commercial vehicle space.

International Business Fuels Expansion

TVS Motor's global operations also contributed significantly to its record-breaking quarter. The international business witnessed a 40% increase in sales, with volumes rising from 294,000 units in Q3FY25 to 410,000 units in Q3FY26. This highlights the company's strengthening footprint in overseas markets and the growing acceptance of its products globally. The consistent expansion in exports is a key pillar of TVS Motor's long-term growth strategy, providing diversification and tapping into new revenue streams.

Strong Momentum in December 2025

The company closed the quarter on a high note, with monthly sales for December 2025 growing by 50% year-on-year. Total sales for the month reached 481,389 units, compared to 321,687 units in December 2024. This strong monthly performance provided the final push for the record quarterly numbers. Total two-wheeler sales in December 2025 grew by 48%, increasing from 312,002 units to 461,071 units. Domestic two-wheeler sales were particularly strong, rising by 54% to 330,362 units from 215,075 units in the previous year.

Motorcycle and Scooter Sales Detail

Within the two-wheeler category, both motorcycles and scooters posted healthy growth in December 2025. Motorcycle sales increased by 50%, from 144,811 units in December 2024 to 216,867 units. The scooter segment also performed well, with sales growing by 48% to 198,017 units from 133,919 units in the same month last year. This balanced growth across its product lines demonstrates the wide appeal of TVS Motor's offerings to different consumer segments.

Electric Vehicle Segment Continues to Surge

The electric vehicle (EV) segment remains a standout performer for TVS Motor. In December 2025, EV sales experienced a remarkable growth of 77%, with volumes increasing from 20,171 units in December 2024 to 35,605 units. This rapid adoption of its electric models, particularly the TVS iQube, positions the company as a key player in India's transition to electric mobility. The consistent triple-digit growth in this segment highlights the success of its EV strategy and product development.

Export Growth Remains Robust

The company's total exports continued their upward trajectory in December, growing by 40% year-on-year. Export sales increased from 104,393 units in December 2024 to 146,022 units in December 2025. Two-wheeler exports were a major contributor, rising by 35% from 96,927 units to 130,709 units. The strong export performance complements the domestic growth and reinforces the company's global ambitions.

Market and Stock Performance

Reflecting its strong operational performance, TVS Motor's stock has delivered significant returns to investors. Over the past year, the stock has provided a return of 57.71%, with three-year and five-year returns standing at an impressive 249.68% and 673.39%, respectively. The company, a Large Cap entity in the auto sector with a market capitalization of over ₹1.76 lakh crore, continues to attract positive attention from analysts, many of whom maintain a 'Buy' recommendation based on its strong product pipeline and expanding market share.

Outlook and Future Direction

TVS Motor Company's record-breaking performance in Q3FY26 sets a positive tone for the remainder of the fiscal year. The sustained growth across domestic, international, and electric vehicle segments demonstrates a well-rounded and resilient business model. With new product launches on the horizon and a continued focus on expanding its global and EV presence, the company is well-positioned to maintain its growth momentum in the coming quarters.