TVS Motor Q3 Revenue Rises 37%, EBITDA Margin at 13.1%

29 Jan 2026 CW Team

TVS Motor Company reported a 37 per cent rise in operating revenue to Rs 124.76 billion for the quarter ended December 2025, compared to Rs 90.97 billion in the corresponding quarter last year. Operating EBITDA grew 51 per cent to Rs 16.34 billion, with margins improving to a record 13.1 per cent. Profit before tax (before exceptional items) increased 57 per cent to Rs 13.15 billion.

Overall two- and three-wheeler sales, including international operations, rose 27 per cent to an all-time high of 15,44,00 lakh units. Motorcycle sales grew 31 per cent, scooter sales increased 25 per cent, while three-wheeler volumes more than doubled. EV sales climbed 40 per cent to 1,06,000 units, marking the company’s highest-ever quarterly EV performance.

For the nine months ended December 2025, operating revenue rose 29 per cent to Rs 344.63 billion, supported by strong domestic and overseas demand.

Infrastructure Urban

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