/images/ppid_59c68470-image-178030255373548763.webp)
/images/ppid_59c68470-image-178038012640950339.webp)
What is the story about?
Shares of TVS Motor Company gained nearly 2% on Monday, June 1, after the two- and three-wheeler manufacturer reported record monthly sales for May, driven by strong growth across domestic, export and electric vehicle segments.
The company reported total sales of 566,585 units in May 2026, up 31.4% from 431,275 units in the same month last year and well ahead of the CNBC-TV18 poll estimate of 500,000 units. According to the company, May 2026 marked its highest-ever monthly sales performance.
Total two-wheeler sales rose 30.5% year-on-year to 543,111 units from 416,166 units a year ago. Domestic two-wheeler sales increased 24.3% to 384,565 units from 309,287 units in May 2025.
Motorcycle sales grew 29.5% to 273,802 units from 211,505 units a year ago, while scooter sales rose 32.4% to 220,740 units from 166,749 units in the corresponding period last year.
Also read: May Auto Sales: Maruti Suzuki reports highest every figures for the month, beats expectations
Electric vehicle sales continued to see strong traction, rising 56% year-on-year to a record 43,632 units from 27,976 units in May 2025. The company said this was its highest-ever monthly EV sales performance.
International business was another key contributor to growth. Total international sales increased 48.6% to 175,991 units from 118,437 units a year ago, marking the highest-ever monthly sales for the segment. International two-wheeler sales rose 48.3% to 158,546 units.
The three-wheeler business also posted robust growth, with sales increasing 55.4% to 23,474 units from 15,109 units in the year-ago period.
TVS Motor, which operates in over 90 countries, said the strong performance was driven by sustained demand across product categories and markets. The company manufactures motorcycles, scooters, electric vehicles and three-wheelers from facilities in India and Indonesia.
Shares of TVS Motor gained about 2% following the May business update, but have since pared some gains and are trading about 0.5% up at ₹3,373.30. The stock has fallen 11% so far this year, while delivering a return of 22% over the last 12 months.
The company reported total sales of 566,585 units in May 2026, up 31.4% from 431,275 units in the same month last year and well ahead of the CNBC-TV18 poll estimate of 500,000 units. According to the company, May 2026 marked its highest-ever monthly sales performance.
Total two-wheeler sales rose 30.5% year-on-year to 543,111 units from 416,166 units a year ago. Domestic two-wheeler sales increased 24.3% to 384,565 units from 309,287 units in May 2025.
Motorcycle sales grew 29.5% to 273,802 units from 211,505 units a year ago, while scooter sales rose 32.4% to 220,740 units from 166,749 units in the corresponding period last year.
Also read: May Auto Sales: Maruti Suzuki reports highest every figures for the month, beats expectations
Electric vehicle sales continued to see strong traction, rising 56% year-on-year to a record 43,632 units from 27,976 units in May 2025. The company said this was its highest-ever monthly EV sales performance.
International business was another key contributor to growth. Total international sales increased 48.6% to 175,991 units from 118,437 units a year ago, marking the highest-ever monthly sales for the segment. International two-wheeler sales rose 48.3% to 158,546 units.
The three-wheeler business also posted robust growth, with sales increasing 55.4% to 23,474 units from 15,109 units in the year-ago period.
TVS Motor, which operates in over 90 countries, said the strong performance was driven by sustained demand across product categories and markets. The company manufactures motorcycles, scooters, electric vehicles and three-wheelers from facilities in India and Indonesia.
Shares of TVS Motor gained about 2% following the May business update, but have since pared some gains and are trading about 0.5% up at ₹3,373.30. The stock has fallen 11% so far this year, while delivering a return of 22% over the last 12 months.
/images/ppid_59c68470-image-178046761237782932.webp)
