TVS Motor Company Limited — Investor Meet, 31-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TVS Motor reported a strong Q2 & H1 FY'26. Q2 Revenue grew 29% to INR 11,905 Cr, with EBITDA up 40% to INR 1,509 Cr, and margins at 12.7%. Sales volume increased 23%, outperforming industry growth in domestic and international markets, including significant gains in 3-wheeler EV share.

New product launches like TVS Orbiter EV, King Kargo HD EV, Ntorq 150, and Apache RTX bolster the portfolio. Management is confident in sustained growth, anticipating an ~8% ICE segment growth for H2, boosted by GST benefits and festive momentum. Strategic investments in technology, international expansion (Norton, Dubai office), and new products are ongoing, targeting continued EBITDA improvement through scale and cost efficiency.