TVS Motor Company logo

TVS Motor Company share price

NSE: TVSMOTORBSE: 532343AutomobilesLarge Cap

TVS Motor Company Limited · Formerly TVS Suzuki · Face value ₹1 · Listed Jul 2000 on BSE, Aug 2000 on NSE
Last close ₹4,087.00up ₹91.00 (2.28%)BSE ₹4,078.80

Share price at the NSE close on 27 Oct 2026. Previous close ₹3,996.00.

27 Oct: open ₹4,008.90, high ₹4,116.20, low ₹3,987.10

52-week range of traded prices to 27 Oct 2026
₹3,228.00Low, 19 May 2026₹4,484.50High, 26 Aug 2026
Market cap
₹1,94,168 Cr49th largest listed
P/E
56.65
P/B
20.30
Dividend yield
0.29%
ROE
37.9%
ROCE
18.0%
Debt to equity
2.95
Volume, NSE
7,53,34250.9% delivered

TVS Motor Company share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+12.3%over a year · Nifty Auto −7.1% · Nifty 500 −8.8%

ResultsDividend20-session average 6,84,184 shares a day, 52.7% delivered

About TVS Motor Company

TVS Motor Company Limited makes motorcycles, scooters, mopeds, electric scooters and three-wheelers, with their parts and accessories.12 It sells them to commuters, daily riders and performance enthusiasts, and its cargo three-wheelers to drivers, fleet operators and urban logistics businesses, in India and across Asia, Africa, Latin America and Europe.345

Its brands include Apache and Raider motorcycles, Jupiter and NTORQ scooters, iQube and Orbiter electric scooters and King three-wheelers.678 It owns Norton Motorcycles, a British maker of premium motorcycles whose design, engineering and manufacturing base is at Solihull; the first Norton Atlas models were rolled out at its Hosur plant in Jun 2026.91011 Its subsidiary TVS Credit Services is a non-banking finance company (a lender that is not a bank) that finances two-wheelers, three-wheelers, used cars, tractors and consumer durables and offers personal, gold and business loans, mainly to self-employed borrowers in semi-urban and rural India.12 Another subsidiary, DriveX, buys, refurbishes and sells used motorcycles and scooters of all brands.13

In India it makes its vehicles at plants in Hosur in Tamil Nadu, Mysuru in Karnataka and Nalagarh in Himachal Pradesh.2 On 3 Oct 2025 its Singapore subsidiary acquired all of Engines Engineering S.p.A., an Italian design and engineering company.145

It was incorporated in 1992.3 TVS Holdings Limited is its holding company, and its promoter and promoter group held 50.27% of its equity shares at 31 Mar 2026.1516 Sudarshan Venu is its chairman and managing director; his father, Venu Srinivasan, is chairman emeritus and managing director.17

TVS Motor Company key points

Results

  • In the quarter to Jun 2026, revenue rose 38% to ₹13,896 crore from ₹10,081 crore; operating EBITDA (earnings before interest, tax, depreciation and amortisation) rose 41% to ₹1,779 crore from ₹1,260 crore and profit after tax 51% to ₹1,174 crore from ₹776 crore.18
  • In the quarter to Jun 2026, the company's operating EBITDA margin was 12.8%, against 12.5% a year earlier; profit before tax of ₹1,589 crore included about ₹150 crore of gains from revaluing investments, against about ₹28 crore a year earlier.19
  • On a standalone basis (the company alone), revenue for the year to Mar 2026 was a record ₹47,270 crore; operating EBITDA rose 37% to ₹6,079 crore from ₹4,450 crore and profit after tax was ₹3,615 crore.20
  • On a consolidated basis (including subsidiaries and associates), profit before tax was ₹4,822 crore in the year to Mar 2026, against ₹3,505 crore a year earlier.21

Sales volumes

  • In the quarter to Jun 2026 it sold 1.63 million vehicles, up 28% from 1.28 million; electric two-wheeler sales grew 86% and three-wheeler sales 48%, to 67,000 units from 45,000.22
  • It sold a record 5.89 million two- and three-wheelers in the year to Mar 2026, against 4.74 million a year earlier: 5.67 million two-wheelers, up 23%, and 0.22 million three-wheelers, up 62.7% from 0.14 million.23
  • In the year to Mar 2026 its Indian sales of two-wheelers with combustion engines rose 19% to 3.87 million units, against 9% growth for the whole two-wheeler industry, electric included.2425
  • Its share of the electric three-wheeler segment crossed 11% in the year to Mar 2026.26

International business

  • Exports made up 24% of its turnover in the year to Mar 2026, and it sells in more than 90 countries.27
  • In the year to Mar 2026 its two-wheeler exports rose 30% to 1.43 million units from 1.09 million, driven by Africa, Latin America and Asia, and its three-wheeler exports rose 50% to 0.16 million units.28
  • Its Indonesian subsidiary, PT TVS Motor Company Indonesia, sold 0.20 million two-wheelers and 11,500 three-wheelers in the year to Mar 2026, with operating EBITDA of $8 million.29

Customers and partners

  • Its partnership with BMW Motorrad, more than a decade old, has produced motorcycles on a single-cylinder 310 cc platform with more than 206,000 customers.30
  • In Dec 2025 the 200,000th BMW motorcycle came off its production line at Hosur, and it designs, develops and industrialises (readies for mass production) upcoming BMW Motorrad models.31

TVS Credit

  • TVS Credit's loan book was ₹32,053 crore at the end of Jun 2026, up 19% from ₹26,898 crore a year earlier, and its profit before tax for the quarter rose 16% to ₹283 crore from ₹243 crore.32
  • In the year to Mar 2026 TVS Credit's disbursements (new loans paid out) grew 26%.33

Research and development

  • Research and development spending was ₹1,254 crore in the year to Mar 2026, and more than 2,000 engineers work on electrification, connected platforms and AI-driven design.3435
  • Its research centres are in Bologna in Italy, Jakarta in Indonesia, Hosur in India and Solihull in the UK.36

What the company expects

  • On its earnings call of 21 Jul 2026, the company said it expected at least double-digit two-wheeler industry growth in the quarter to Sep 2026 and international growth at the Jun 2026 quarter's rate or slightly better; its documents give no outcome.37
  • On its earnings call of 21 Jul 2026, the company said Norton's 4 new models had been launched in the UK, France, Italy, Germany, Spain and India, with a US launch later in the year.38
  • The company stated in its annual report for the year to Mar 2026 that it expects India's two-wheeler and three-wheeler demand in the year to Mar 2027 to broadly track the previous year's, subject to external developments.39

Recent events

  • On 19 Oct 2026 CARE Ratings reaffirmed its AAA rating on long-term bank facilities, upgraded from AA+ on 25 Jun 2026 (a credit rating is an agency's view of how likely a borrower is to repay on time).404142
  • On 5 Aug 2026 the company reported that the boards involved had approved a scheme merging Home Credit India Finance, a non-banking lender, STPL Trading and Services and TVS Housing Finance into TVS Credit Services, subject to approvals including the Reserve Bank of India's.4344
  • On 27 Jul 2026 it bought 4.39% of TVS Credit Services from Lucas-TVS for ₹711 crore, raising its holding to 85.15% from 80.76% (on a fully diluted basis, counting shares that could still be issued).45
  • Sundaram Auto Components merged into the company with effect from 12 May 2026, under a scheme approved by the National Company Law Tribunal, Chennai Bench, on 6 May 2026.46

Last updated

All 46 sources, each with its page
  1. 1. Annual report, 29 Jun 2026, page 11
  2. 2. Annual report, 29 Jun 2026, page 132
  3. 3. Annual report, 29 Jun 2026, page 79
  4. 4. Annual report, 29 Jun 2026, page 28
  5. 5. Annual report, 29 Jun 2026, page 17
  6. 6. Annual report, 29 Jun 2026, page 60
  7. 7. Annual report, 29 Jun 2026, page 61
  8. 8. Annual report, 29 Jun 2026, page 62
  9. 9. Annual report, 29 Jun 2026, page 54
  10. 10. Annual report, 29 Jun 2026, page 27
  11. 11. Earnings call, 21 Jul 2026, page 6
  12. 12. Annual report, 29 Jun 2026, page 36
  13. 13. Annual report, 29 Jun 2026, page 35
  14. 14. Annual report, 29 Jun 2026, page 70
  15. 15. Annual report, 29 Jun 2026, page 104
  16. 16. Annual report, 29 Jun 2026, page 113
  17. 17. Annual report, 29 Jun 2026, page 103
  18. 18. Earnings call, 21 Jul 2026, page 3
  19. 19. Earnings call, 21 Jul 2026, page 4
  20. 20. Annual report, 29 Jun 2026, page 54
  21. 21. Annual report, 29 Jun 2026, page 72
  22. 22. Earnings call, 21 Jul 2026, page 3
  23. 23. Annual report, 29 Jun 2026, page 59
  24. 24. Annual report, 29 Jun 2026, page 54
  25. 25. Annual report, 29 Jun 2026, page 59
  26. 26. Annual report, 29 Jun 2026, page 20
  27. 27. Annual report, 29 Jun 2026, page 79
  28. 28. Annual report, 29 Jun 2026, page 59
  29. 29. Annual report, 29 Jun 2026, page 70
  30. 30. Annual report, 29 Jun 2026, page 63
  31. 31. Annual report, 29 Jun 2026, page 63
  32. 32. Earnings call, 21 Jul 2026, page 4
  33. 33. Annual report, 29 Jun 2026, page 36
  34. 34. Annual report, 29 Jun 2026, page 33
  35. 35. Annual report, 29 Jun 2026, page 22
  36. 36. Annual report, 29 Jun 2026, page 10
  37. 37. Earnings call, 21 Jul 2026, page 6
  38. 38. Earnings call, 21 Jul 2026, page 6
  39. 39. Annual report, 29 Jun 2026, page 65
  40. 40. Exchange filing, 20 Oct 2026, page 1
  41. 41. Exchange filing, 20 Oct 2026, page 2
  42. 42. Exchange filing, 25 Jun 2026, page 1
  43. 43. Exchange filing, 5 Aug 2026, page 1
  44. 44. Exchange filing, 5 Aug 2026, page 3
  45. 45. Exchange filing, 27 Jul 2026, page 1
  46. 46. Annual report, 29 Jun 2026, page 70

Results

Consolidated; ₹ crore.TVS Motor Company quarterly results

Revenue growth, 12 months
+30.2%
Net profit growth, 12 months
+43.7%

Quarter to Jun 2026, against the quarter before

Revenue
₹16,296 Crup 8.26%
Net profit
₹1,058 Crup 29.05%
Net margin
6.5%

Revenue by quarter

₹11,302 CrSep 24₹11,135 CrDec 24₹11,542 CrMar 25₹12,210 CrJun 25₹14,051 CrSep 25₹14,756 CrDec 25₹15,053 CrMar 26₹16,296 CrJun 26
Peak revenue ₹16,296 Cr, quarter to Jun 2026; lowest ₹11,135 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹588 CrSep 24₹609 CrDec 24₹698 CrMar 25₹643 CrJun 25₹833 CrSep 25₹891 CrDec 25₹820 CrMar 26₹1,058 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue11,30211,13511,54212,21014,05114,75615,05316,296
Net profit5886096986438338918201,058
Net margin5.2%5.5%6.0%5.3%5.9%6.0%5.4%6.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Automotive Vehicles & Parts₹48,907 Crup 29.72%87.2%
  • Financial services₹7,202 Crup 9.80%12.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.TVS Motor Company PE ratio and valuation

Price to earnings

At or below today's level on 65% of 2,478 trading days over the last 10 years.

LowestHighest
Its median48.26Industry median17.01
Price to book

At or below today's level on 92% of 1,985 trading days since Oct 2018.

LowestHighest
Its median9.86Industry median2.29
Dividend yield

At or below today's level on 13% of 2,440 trading days over the last 10 years.

LowestHighest
Its median0.44%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+39.4%+35.0%+2.9%0.4%
3 years+46.5%+31.5%+11.2%0.4%
5 years+42.3%+38.4%+2.5%0.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.TVS Motor Company shareholding pattern

Shareholding by group

  • Promoters50.27%
  • Foreign institutions21.39%
  • Indian institutions20.29%
  • Individuals and others8.03%
  • Employee trusts0.02%
Holder
TVS HOLDINGS LIMITED (Formerly known as Sundaram Clayton Limited)Promoter50.26%
NPS TrustProvident and pension funds1.69%
MALLIKA SRINIVASANPromoter0.01%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.94 pts, Indian institutions −0.84 pts, mutual funds −0.71 pts.

Mutual fund holdings

402 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 142 of the 208 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 402 funds holding TVS Motor Company

Bought for the first time
4
Bought again
7
Added
100
Cut
108
Held unchanged
181
Sold out
8
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.TVS Motor Company insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 16 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

TVS Motor Company competitors and peers

2/3 Wheelers, 13 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to TVS Motor Company in market cap.Automobile companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Bajaj Auto logoBajaj AutoBAJAJ-AUTO2,85,52121.847.80+47.9%+56.9%36.9%23.6%1.44%
Eicher Motors logoEicher MotorsEICHERMOT1,96,69534.077.84+28.1%+19.3%24.9%20.7%1.14%
Hero MotoCorp logoHero MotoCorpHEROMOTOCO1,04,44419.174.83+25.6%+8.2%26.7%29.2%3.55%
Ather Energy logoAther EnergyATHERENERG66,391–15.49––−6.7%−6.5%0.00%
Ola Electric Mobility logoOla Electric MobilityOLAELEC17,395––−49.2%–−41.0%−26.9%0.00%
Zelio E Mobility logoZelio E MobilityZELIO2,15775.9719.34––25.5%–0.00%
Mercury Ev-Tech logoMercury Ev-TechMERCURYEV636–2.29+4.2%––0.7%0.00%
Tunwal E-Motors logoTunwal E-MotorsTUNWAL13710.681.09+55.0%+8.8%11.2%–0.42%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.TVS Motor Company dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.5Mar 173.3Mar 183.5Mar 193.5Mar 203.5Mar 213.8Mar 225Mar 238Mar 2410Mar 2512Mar 26
Highest ₹12.00 a share, year to Mar 2026.
Ex-dateTypePer share
30 Mar 2026Interim₹12.00
26 Mar 2025Interim₹10.00
19 Mar 2024Interim₹8.00
2 Feb 2023Interim₹5.00
25 Mar 2022Interim₹3.75
30 Mar 2021Interim₹1.40
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.TVS Motor Company announcements

TVS Motor Company share price by year

Each calendar year to 2025.TVS Motor Company share price history

YearClose at year endChangeHighest closeLowest close
20253,719.80+57.1%3,719.802,176.60
20242,368.50+16.9%2,949.701,899.05
20232,025.80+86.6%2,048.75969.90
20221,085.40+73.1%1,171.45530.10
2021627.00+29.3%753.50488.15
2020485.00+3.5%510.85252.95
2019468.45−18.0%564.55344.50
2018571.25−25.9%774.85494.70
2017770.70+113.8%785.05367.65
2016360.50+24.4%412.10264.40
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20263,962.203,998.403,875.103,996.003,954.483,00,07539.4%
23 Oct 20263,978.003,987.903,898.103,980.203,937.857,47,86052.3%
22 Oct 20263,950.204,006.603,915.003,974.003,962.716,11,07056.9%
21 Oct 20264,079.004,093.603,931.303,992.603,978.044,88,52054.6%
19 Oct 20264,094.104,138.004,055.004,074.004,095.844,72,08442.0%
16 Oct 20264,050.004,110.004,012.204,095.104,081.454,71,48250.6%
15 Oct 20263,969.704,064.003,942.404,020.004,024.365,86,53751.9%
14 Oct 20264,011.004,011.003,941.503,969.703,967.014,87,86459.1%
13 Oct 20263,875.004,012.703,821.204,011.503,963.926,15,23443.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
8 Sep 2010Bonus0.5000Holders received 1 bonus share for every 1 held.
23 Apr 2009Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
21 Jan 2008Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director
SUDARSHAN VENU
At the end of the quarter to Sep 2026
Managing director
VENU SRINIVASAN
At the end of the quarter to Sep 2026
Chief executive
KUNNATH NARAYANAN RADHAKRISHNAN
At the end of the quarter to Sep 2026
NSE symbol
TVSMOTOR
BSE code
532343
ISIN
INE494B01023
Industry
Automobiles
Former symbols
TVS-SUZUKI
CIN
L35921TN1992PLC022845
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
"Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600034, Tamil Nadu
Share registrar
Integrated Registry Management Services Pvt. Ltd (Integrated Enterprises (India) Ltd)
Keeps the register of shareholders and handles transfers and dividend payments