TVS Motor Posts Record Q3FY26 Performance - Bikes, Scooters And EVs Lead The Charge

TVS Motor Company has delivered its strongest financial performance yet, posting record sales, revenue and profits for the third quarter of FY26. For readers new to the auto industry, this means TVS sold more vehicles, earned more money from its operations and improved its profitability, all at the same time.

For the quarter ended December 2025, TVS Motor’s operating revenue jumped by an impressive 37 per cent to Rs 12,476 crore, compared to Rs 9,097 crore in the same period last year. This sharp rise reflects strong demand across motorcycles, scooters, three-wheelers and electric vehicles, both in India and overseas.

Profitability also improved significantly as the company’s operating EBITDA which is a key measure of how efficiently a business

runs, grew by 51 per cent to Rs 1,634 crore, up from Rs 1,081 crore a year ago. Even more important is the EBITDA margin, which stood at a record 13.1 per cent, which means TVS is earning more profit from every rupee of revenue than it did earlier. Profit before tax (PBT), excluding exceptional items, rose by 57 per cent to Rs 1,315 crore, highlighting strong cost control and healthier operations.

Sales volumes tell an equally strong story. TVS recorded its highest-ever quarterly sales of 15.44 lakh two-wheelers and three-wheelers, a growth of 27 per cent over last year. Motorcycle sales rose by 31 per cent to 7.26 lakh units, while scooter sales grew by 25 per cent to 6.14 lakh units. This shows that TVS is doing well across both sporty motorcycles and everyday family scooters.

International markets played a big role too. Two-wheeler exports increased by 35 per cent to 3.66 lakh units, underlining TVS Motor’s growing presence outside India. Three-wheeler sales more than doubled, rising by 106 per cent to 0.60 lakh units, driven by demand for last-mile transport solutions.

Electric vehicles were another highlight as TVS’s EV sales grew by 40 per cent during the quarter, reaching a record 1.06 lakh units. This reflects rising consumer interest in electric mobility and TVS’s expanding EV portfolio.

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Looking at the bigger picture, the nine-month results paint a similarly positive picture. Operating revenue for the first nine months of FY26 grew by 29 per cent to Rs 34,463 crore. EBITDA rose by 41 per cent to Rs 4,406 crore, while PBT increased by 43 per cent to Rs 3,594 crore. Net profit after tax stood at Rs 2,625 crore, compared to Rs 1,858 crore last year.

Overall sales for the nine-month period reached 43.28 lakh units, with strong growth across motorcycles, scooters, three-wheelers and electric vehicles. For TVS Motor Company, these numbers underline a period of sustained growth, improving margins and rising global relevance, which marks FY26 as a milestone year so far.