TVS Motor Reports 19 Lakh Unit Sales in Q2 FY27 Driven by Robust EV and Export Demand

TVS Motor Company logged total wholesales of 1.9 million (19 lakh) units in the second quarter of FY27 (June–September 2026), marking a strong volume uptick across both domestic and overseas channels. The expansion was steered by double-digit gains across two-wheelers, three-wheelers, and electric vehicles (EVs).

During the quarter, two-wheeler dispatches rose 27% year-on-year to 1.8 million units, up from 1.5 million units in Q2 FY26. The company's three-wheeler division also expanded rapidly, climbing 47% to 78,475 units compared to 53,449 units in the corresponding quarter of the previous financial year.

Electric Vehicles and International Markets Accelerate

Electric two-wheelers emerged as the fastest-growing vertical for the Hosur-based manufacturer. The company dispatched 1.86 lakh EV units in Q2 FY27, recording a steep 133% year-on-year increase.

Global markets showed sustained appetite for the company's offerings, with TVS Motor's international business reporting a 35% expansion in shipments to 5.39 lakh units in Q2 FY27, up from around 4 lakh units in Q2 FY26.

September Monthly Dispatches Cross 6.72 Lakh Units

The quarterly performance was anchored by an exceptionally strong finish in September 2026, where total vehicle wholesales rose 24% year-on-year to 6,72,790 units compared with 5,41,064 units in September 2025.

Key Highlights of September 2026 Wholesales:

• Total two-wheeler volumes increased 23% to 6,45,955 units against 5,23,923 units in September 2025.
• Domestic two-wheeler dispatches reached 4,82,073 units, reflecting a 17% growth from 4,13,279 units a year earlier.
• Two-wheeler exports surged 48% to 1,63,882 units from 1,10,644 units in September 2025.
• Electric two-wheeler sales rose 110% to 65,799 units compared with 31,266 units in the prior-year period.
• Three-wheeler sales grew 57% to 26,835 units from 17,141 units in the year-ago month.

Implications for Investors

The comprehensive volume performance across entry-level, premium, and electric offerings comes ahead of peak retail demand during the festive season in India. With international business rebounding sharply and EV penetration scaling rapidly, TVS Motor is demonstrating resilience against inflationary pressures and competitive headwinds in the domestic automotive space. Investors will closely monitor operating margins and average selling prices when the automaker reports its detailed financial results for Q2 FY27.

Tags: TVS Motor Company NSE: TVSMOTOR Auto Sector Electric Vehicles Two-Wheelers