TVSMOTOR

r Company Ltd — Fundamental Overview

Company Ltd — Fundamental Overview Sector: Two-Wheelers & Mobility Headquarters: Chennai, Tamil Nadu Parent Group: TVS Group (One of India’s oldest industrial groups) 1️⃣ Company Profile TVS Motor is India’s third-largest two-wheeler manufacturer and a strong exporter of motorcycles, scooters, and three-wheelers. It has built a reputation for engineering excellence, premiumization, and strong customer loyalty. The company is also investing aggressively in electric mobility (EV scooters and upcoming EV motorcycles) to strengthen its future-readiness. 2️⃣ Business Strengths ✔ Strong Portfolio Across Segments Motorcycles: Apache series, Raider, Ronin Scooters: NTorq, Jupiter, iQube (EV) Three-wheelers: Stable export demand The company has leadership in 125cc+ premium motorcycles and is improving market share in scooters. ✔ Rapid Growth in EV Segment The TVS iQube is one of India’s best-selling electric scooters. TVS is building a dedicated EV architecture, battery management systems, and smart connectivity platforms, positioning itself as a major EV competitor to Ola, Ather & Bajaj. ✔ Strong Export Presence A large chunk of revenue comes from international markets (Africa, LATAM, ASEAN), giving diversification beyond domestic cycles. ✔ Consistent Financial Performance Stable revenue growth Improving operating margins due to premium product mix Strong free cash flows Healthy balance sheet supporting future investments