TVS Motor rises 3% on record quarterly sales of 16.31 lakh units

Shares of TVS Motor Company climbed as much as 3.03% to Rs 3,494 during Thursday’s trading session after the company reported its highest-ever quarterly sales of 16.31 lakh units for the first quarter of FY2026-27, driven by robust demand across domestic, export, and electric vehicle segments.

According to the company’s regulatory filing, total two-wheeler sales surged 27% to 15.64 lakh units in Q1 FY2026-27 from 12.32 lakh units in the corresponding quarter last year. Three-wheeler sales jumped 48% to 0.67 lakh units, while the overall international business grew 33% to 4.68 lakh units, highlighting strong momentum in export markets.

June sales deliver strong growth

TVS Motor Company reported a 47% year-on-year increase in total sales for June 2026, with volumes rising to 590,003 units from 402,001 units in the same month last year.

Total two-wheeler sales climbed 47% to 565,417 units, compared with 385,698 units a year earlier. Domestic two-wheeler sales also grew 46% to 411,014 units from 281,012 units. Motorcycle sales rose 42% year-on-year to 267,096 units, while scooter sales surged 53% to 247,950 units.

The company’s electric two-wheeler segment recorded a sharp jump in sales, nearly tripling to 48,537 units from 14,400 units in June 2025. The sharp rise in EV volumes and sustained export growth contributed to the company’s strong monthly performance.

TVS Motor’s international business posted a 47% increase in sales to 172,355 units from 117,145 units a year ago. Overseas two-wheeler sales rose 48% to 154,403 units, compared with 104,686 units in the corresponding period last year.

Three-wheeler sales increased 51% year-on-year to 24,586 units from 16,303 units in June 2025.

Stock Performance and Technical Outlook

TVS Motor has delivered solid long-term returns, with the stock gaining around 21% over the past year and an impressive 163% over the last three years. The company currently commands a market capitalization of Rs 1.66 lakh crore, while its 52-week high stands at Rs 3,970.

From a technical perspective, the stock’s 14-day Relative Strength Index (RSI) stands at 51.6, indicating neutral momentum, as an RSI below 30 is considered oversold while above 70 is viewed as overbought.

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The stock is also trading above five of its eight key simple moving averages (SMAs), suggesting that the broader trend remains constructive despite near-term volatility.

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