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TVS Motor to ramp up capacity as EV, 3W demand accelerates

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TVS Motor to ramp up capacity as EV, 3W demand accelerates

The company recorded its highest-ever quarterly sales volume, revenue and profits in Q2 FY27, with total two- and three-wheeler sales rising 27% year-on-year to a record 1.9 million units.

The company said it remains focused on expanding its EV portfolio and strengthening its position in the electric three-wheeler segment.

TVS Motor Company is prioritising capacity expansion across two-wheelers, three-wheelers and electric vehicles as demand continues to grow across key segments, according to the company's management. The company recorded its highest-ever quarterly sales volume, revenue and profits in Q2 FY27, with total two- and three-wheeler (3W) sales rising 27 per cent year-on-year to a record 1.9 million units. TVS Motor 's domestic two-wheeler EV sales grew 129 per cent in Q2, significantly ahead of the industry's 84 per cent growth. The company said EVs are expected to sustain their growth momentum, supported by accelerating adoption and its established EV portfolio. Advt

The domestic three-wheeler business also recorded strong growth, with ICE and EV sales increasing 65 per cent to around 26,300 units in Q2 from approximately 16,000 units a year earlier. This compared with industry growth of 23 per cent. Electric three-wheelers continued to gain traction, with EV penetration in the three-wheeler segment reaching approximately 44 per cent in Q2 and nearly 48 per cent in September. The company said it remains focused on expanding its EV portfolio and strengthening its position in the electric three-wheeler segment. 39 lakh units, up 35 per cent YoY. International two-wheeler EV sales also increased to around 6,932 units in Q2 from 1,726 units in the corresponding quarter last year.


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