TVS Motor Company Limited stands as one of India's largest and most respected two-wheeler manufacturers, having established itself as a global leader in the automotive industry. TVS Motor Company Ltd. is one of India's largest two-wheeler manufacturers and among the top 10 in the world. It is also India's second-largest exporter, with exports to more than 60 countries. It was established in 1978 with its headquarters in Chennai, Tamil Nadu.
The company has built a formidable presence in the global market. TVS Motor Company Limited (TVSM) is a globally recognized manufacturer of two and three-wheelers, present in 80+ countries. This extensive international footprint demonstrates the company's commitment to serving diverse markets and establishing itself as a truly global automotive manufacturer.
TVS Motor Co. has a Market Capitalization of ₹1,36,830 Crore (up 18.5% in 1 year) as of the latest available data. The company's market capitalization reflects its strong position in the Indian automotive sector and the confidence investors have in its growth trajectory. Promoter holding in TVS Motor Company Ltd has remained stable at 50.27% as of March 2025 (unchanged from June 2024).
TVS Motor Company has demonstrated exceptional financial performance in recent quarters. Net profit of TVS Motor Company rose 67.49% to ₹648.16 Crore in the quarter ended March 2025, as against ₹386.98 Crore during the previous quarter ended March 2024. Sales rose 16.09% to ₹11,542.00 Crore in the quarter ended March 2025, as against ₹9,942.48 Crore during the previous quarter ended March 2024.
For the full financial year FY25, the company posted impressive results: Net profit rose 32.57% to ₹2,235.56 Crore in the year ended March 2025, as against ₹1,686.37 Crore during the previous year ended March 2024. Sales rose 13.69% to ₹44,089.01 Crore in the year ended March 2025, as against ₹38,778.82 Crore during the previous year ended March 2024.
Key Financial Metrics (FY25):
- Revenue: ₹44,089 Crore (up 13.69% YoY)
- Net Profit: ₹2,235.56 Crore (up 32.57% YoY)
- Q4 FY25 Net Profit: ₹648.16 Crore (up 67.49% YoY)
- Q4 FY25 Revenue: ₹11,542 Crore (up 16.09% YoY)
TVS Motor Company operates across multiple segments within the automotive industry, with a comprehensive product portfolio that caters to various customer needs. The company's primary business segments include motorcycles, scooters, three-wheelers, and electric vehicles.
The two-wheeler segment forms the backbone of TVS Motor's business operations. Total two-wheelers registered a growth of 16%, with sales increasing to 416,166 units in May 2025 from 359,590 units in May 2024. Motorcycle sales added up to 211,505 units (up 22% YoY) and Scooter sales aggregated to 166,749 units (up 15% YoY) in May 2025.
For the quarter ended March 2025, the company showed robust performance: The overall two-wheeler and three-wheeler sales, including exports, grew by 14% at 12.16 Lakh units in Q4 FY25 as against 10.63 lakh units registered in Q4 FY24. Motorcycle sales for Q4 FY25 grew by 10%, registering 5.64 lakh units as against 5.11 lakh units in Q4 FY24. Scooter sales for Q4 FY25 grew by 27%, registering 5.02 lakh units as against 3.96 lakh units in Q4 FY24.
TVS Motor Company has made significant strides in the electric vehicle segment, positioning itself as a key player in India's EV transformation. Electric vehicles sales grew by 50% to 27,976 units in May 2025 from 18,674 units in May 2024. The company's EV portfolio has gained substantial market traction, with TVS Motor Company's iQube e-scooter, launched in FY20, has seen significant growth, increasing its market share to 11% in FY23, making it the second-largest player in the market.
For Q4 FY25, in the electric vehicle (EV) segment, TVS registered a 54% jump in quarterly sales to 76,000 units. The company has established a strong customer base in the EV segment, with TVS Motor now having more than five lakh satisfied EV customers.
The three-wheeler segment represents another important growth area for TVS Motor. Three-wheeler of the company registered a growth of 46% YoY to 15,109 units in May 2025. Three-wheeler EV registered sales of 1,829 units during the period under review. The company has also launched innovative products in this segment, including TVS Motor Company has launched the TVS King EV MAX, an electric three-wheeler priced at ₹2.95 lakh, offering a range of 179 km and quick charging.
TVS Motor Company has established itself as a significant player in the global automotive market through its strong export performance. The company's total exports increased by 22% to 118,437 units in May 2025 from 96,966 units in May 2024. This impressive export growth demonstrates the company's ability to compete effectively in international markets and diversify its revenue streams beyond the domestic market.
With cutting-edge manufacturing facilities in India and Indonesia, it offers world-class products and delivers unparalleled customer experiences through its extensive network. The company's manufacturing capabilities are substantial, with its two-wheeler annual production capacity at 4.95 million, while the three-wheeler annual production capacity is 1.2 lakhs.
TVS Motor Company's management remains optimistic about future growth prospects. The company anticipates growth momentum in the domestic market, supported by seasonal demand and favorable economic conditions. TVS Motor Company expects sustained growth in two-wheeler sales for FY26, driven by income tax relief, infrastructure spending, and a normal monsoon. Overall sales rose 13% in FY25.
The company is also focusing on expanding its product portfolio, with TVS Motor Company preparing to launch a more powerful 150cc version of the Ntorq scooter, expected to arrive in showrooms during the festive season of 2025. This development follows ongoing reports since 2018 about a 150cc Maxi-style scooter, marking a significant step in their product lineup.
TVS Motor Company has maintained a consistent approach to rewarding shareholders. The company said that it has allocated a total amount of of ₹475.09 Crore from its FY25 profits to pay an interim dividend of ₹10 per share. In the quarter ending December 2024, TVS Motor Company Ltd declared a dividend of ₹10, translating to a dividend yield of 0.36%.
TVS Motor Company continues to strengthen its position as a leading automotive manufacturer in India and globally, with strong fundamentals, diverse product portfolio, and strategic focus on emerging technologies like electric vehicles. The company's consistent financial performance, robust export growth, and commitment to innovation make it a significant player in the evolving automotive landscape.
