TVS Motor Company says it is closely monitoring how the ongoing West Asia conflict may ripple into its business, citing rising input costs and supply chain disruptions. After its quarterly results, CEO K N Radhakrishnan pointed to pressure across commodity-linked items such as steel, aluminium and crude oil derivatives, alongside challenges like labor availability, gas supply and delays in on-time raw material deliveries in April. Still, he expects improvements in May and confidence of strong Q1 growth that could outpace the industry.
TVS Motor has appointed Ravindran Shanmugam as an independent director, effective May 13, bringing deep experience in technology and consumer-focused businesses. The company says his expertise in digital transformation and AI-led platforms will back its growth ambitions. The move will also need shareholder approval, with his insights expected to shape TVS’s strategic direction.
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TVS Motor posted a 19% year-on-year rise in consolidated net profit to Rs 772 crore for Q4 FY26, while revenue grew 30% to Rs 15,053 crore. Morgan Stanley and Goldman Sachs kept positive calls, pointing to strong growth prospects. Citi countered with a Sell rating, citing valuation concerns and possible cost headwinds despite the profit rebound.
TVS Motor Company reported a 7% year-on-year rise in total sales for April 2026, reaching 4,73,970 units. Two-wheeler demand improved, led by a sharp increase in scooter sales. EV sales and three-wheeler sales also grew substantially, while international business added momentum—pointing to a strong month overall.
TVS Motor’s CMD Sudarshan Venu says the company is readying ethanol powered models, with rollouts planned in phases. He points to India’s E20 blending milestone as proof of benefits like foreign exchange savings and rural support, but warns that E25 and later require ecosystem alignment. Ethanol, he argues, can complement EVs in a multi-technology transition.
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