TVS Motor stock fell 1.24 percent as Q2 sales rose 27 percent?? no

Published on 10/07/2026 at 03:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TVS Motor stock fell to INR 3,981 on October 6, 2026, while Q2 FY27 sales reached 1.9 million units. September EV sales rose 110 percent to 65,799 units.

TVS Motor, INE494B01023, Illustration mit AI erstellt.

TVS Motor Company Limited stock (ISIN INE494B01023) was last at INR 3,981 on the NSE on October 6, 2026, down 1.24 percent on the session. The company entered the next results phase with Q2 FY27 sales of 1.9 million units, up 27 percent year over year, according to The Economic Times on October 1, 2026.

Q2 volumes accelerate

Two-wheeler sales reached 1.8 million units in Q2 FY27, compared with 1.5 million units in Q2 FY26, a 27 percent increase. Three-wheeler sales rose 47 percent to 78,475 units from 53,449 units, while international business grew 35 percent to 0.5 million units from 0.4 million units, The Economic Times reported.

The September monthly result sharpened that trend. Total sales rose 24 percent to 672,790 units from 541,064 units a year earlier, while two-wheeler sales increased 23 percent to 645,955 units, according to Business Standard on October 1, 2026.

EV growth outpaces core sales

Electric two-wheeler sales more than doubled to 65,799 units in September 2026 from 31,266 units in September 2025, a 110 percent increase. International sales also climbed 48 percent to 180,700 units from 122,108 units, giving the quarter a second growth engine beyond domestic demand, The Economic Times reported.

The market is nevertheless pricing TVS Motor for sustained execution. Motilal Oswal Financial Services retained its Buy recommendation on July 21, 2026, and set a INR 4,470 target after the Q1 FY27 update, according to DSIJ. The report cited premiumization, electric vehicles and market-share gains, while its Q1 FY27 figures included 16.3 lakh units of quarterly sales and a 12.8 percent EBITDA margin.

Stock remains below yearly high

TVS Motor was last at INR 3,981 on the NSE on October 6, 2026, with volume of 791,062 shares. Its 52-week range was INR 3,228 to INR 4,484.50, placing the latest price 11.23 percent below the high; market capitalization stood at INR 1.9 trillion on the same date.