TVS vs Hero MotoCorp fundamental details

TVS delivered a particularly strong Q1 FY27: revenue rose 38% to ₹13,896 crore, EBITDA increased 41% to ₹1,779 crore, and PAT jumped 51% to ₹1,174 crore. Two/three-wheeler volumes grew 28%, while EV volumes increased 86% YoY. The momentum continued in August: TVS sold 6.17 lakh vehicles, up 21% YoY. Domestic two-wheeler sales rose 18%, international sales 29%, and its EV sales surged 137% YoY to 59,453 units. Hero also had a strong Q1: standalone revenue increased 36% to ₹12,999 crore, PAT rose 29% to ₹1,454 crore, and volumes grew 23% to 16.77 lakh units. Its premiumisation, VIDA EV business and international expansion are important future growth drivers. 🔋 Biggest difference: EV This is where TVS currently has the edge. In August 2026, TVS was the leading electric 2-wheeler brand with roughly 48,938 retail sales and ~26.7% market share, almost doubling YoY. Hero's VIDA also grew strongly, but its scale remains lower.