TVS Motor Company – November 2025 Sales Performance

Executive Summary TVS Motor Company has reported a robust operational performance for November 2025, registering total sales of 5.19 lakh units. This represents a significant 30% Year-on-Year (YoY) growth compared to 4.01 lakh units in November 2024. Notably, the company has outperformed consensus estimates, beating the CNBC-TV18 poll projection of 4.9 lakh units. Segmental Performance Breakdown Two-Wheeler Segment: The core segment witnessed strong momentum with total sales reaching 4.98 lakh units, a 27% increase from 3.92 lakh units in the previous year. Motorcycles: Contributed 2.42 lakh units. Scooters: Contributed 2.10 lakh units. Electric Vehicles (EV): The company continues to gain traction in the green mobility space. EV sales surged by 46% YoY to 38,307 units (up from 26,292 units), reflecting growing acceptance of the EV portfolio. Three-Wheeler Segment: This segment recorded exponential growth, with sales jumping to 21,667 units compared to 8,777 units in the corresponding period last year. International Business: Export markets demonstrated stellar recovery and growth, with international sales increasing by 58% to 1.48 lakh units. Financial Context (Q2 FY26 Reference) This volume growth aligns with the company's strong financial trajectory witnessed in Q2. The automaker recently reported a 37% YoY rise in Net Profit (₹906 crore) and a 29% increase in Revenue (₹11,905 crore). Operational efficiency remains a key strength, with Q2 EBITDA margins expanding by 100 basis points to 12.7%. Market Reaction & Stock Performance Driven by the sales beat, TVS Motor shares traded approximately 3.08% higher intraday at ₹3,640.30. The stock has demonstrated sustained value creation for shareholders, delivering a Year-to-Date (YTD) return of 51.3%.