TVS Motor Company Limited — Investor Meet, 19-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

TVS Motor achieved record FY26 performance with sales volume up 24% to 5.9 million units and revenue growing 30% to ₹47,270 Cr. Operating PBT surged 40%, and EBITDA margin improved to 12.9% for the year, hitting 13.1% in Q4. Growth drivers included 2W ICE (+19%), international business (+31%), EV 2W (+33%), and 3W (+63%). Management anticipates continued single-digit industry growth for FY27, targeting outperformance driven by a strong product portfolio across EV, scooters, and premium segments. The company is expanding capacity by 1.5 million units and launching new models, including from Norton and a Hyundai EV 3W joint venture. While monitoring supply chain and geopolitical risks, TVS is confident in demand and its trajectory for sustained top-line growth and EBITDA margin improvement.