Key Points

TVS Motors has smashed records with 12.77 lakh units sold in Q1 FY26, marking its best-ever quarterly performance. While two-wheeler and export segments drove 20% June growth, EV sales dipped slightly due to magnet supply issues. The company's international business flourished with 54% export growth, particularly in two-wheelers. Despite EV challenges, TVS maintains strong demand for its iQube model alongside booming three-wheeler sales.

Key Points: TVS Motors Hits Record 12.77 Lakh Sales in Q1 FY26 Despite EV Dip

  • TVS Motors posts 20% growth in June 2025 with 402,001 units sold
  • Two-wheeler exports surge 58% as global demand strengthens
  • EV sales drop to 14,400 units due to magnet supply shortages
  • Three-wheeler sales jump 42% contributing to record quarterly performance
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TVS Motors sold record 12.77 lakh units in April-June FY26; EV sales decline amid magnets shortage

TVS Motors achieves highest-ever quarterly sales of 12.77 lakh units in Q1 FY26, though EV sales decline due to magnet shortages amid strong exports.

"Demand for our iQube remains strong despite supply chain challenges - TVS Motors"

Bengaluru, July 1

TVS Motor Company has recorded its highest-ever quarterly sales in the first quarter of the financial year 2025-26, achieving total sales of 12.77 lakh units.

According to company release, in June 2025 alone, the company sold 402,001 units, registering a 20 per cent growth compared to 333,646 units sold in June 2024. This increase was driven largely by strong performance in the two-wheeler and export segments.

Two-wheeler sales saw a robust 20 per cent growth in June 2025, with sales rising from 322,168 units in June 2024 to 385,698 units. Within this category, domestic two-wheeler sales grew by 10 per cent, reaching 281,012 units.

Motorcycles witnessed a 24 per cent jump in sales, from 152,701 units to 188,774 units. Scooters also performed well, growing by 26 per cent with 162,291 units sold in June 2025 compared to 128,986 units in the previous year.

Electric vehicle (EV) sales, however, showed a slight dip. The company sold 14,400 EV units in June 2025, down from 15,859 units in June 2024.

TVS attributed this decline to ongoing challenges in the EV supply chain, particularly due to limited availability of magnets, though it noted that demand for its iQube model remains strong.

The company's international business posted remarkable growth. Total exports grew by 54 per cent, with sales increasing from 76,074 units in June 2024 to 117,145 units in June 2025. Two-wheeler exports alone surged by 58 per cent, from 66,434 units to 104,686 units, indicating strong global demand.

Three-wheeler sales also contributed to the company's strong performance. In June 2025, TVS sold 16,303 three-wheelers, marking a 42 per cent increase from 11,478 units in June 2024.

For the first quarter of FY26, TVS Motor sold 12.32 lakh two-wheelers, reflecting a 17 per cent increase from 10.56 lakh units in the same period last year. Three-wheeler sales rose by 46 per cent, reaching 0.45 lakh units.

Total exports during the quarter grew by 39 per cent, climbing from 2.54 lakh units in Q1 FY25 to 3.52 lakh units in Q1 FY26.

- ANI

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Reader Comments

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Priya S
I own a TVS Jupiter and it's been very reliable. Good to see the scooter segment growing so well. But disappointed about the EV sales decline - was planning to buy an iQube next month. Should I wait?
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Arjun K
The 54% export growth is phenomenal! Shows how 'Make in India' is working. But TVS needs to focus more on EV infrastructure - charging stations are still very limited in tier 2 cities.
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Sarah B
While the numbers look good, I wonder about the quality control. My friend's TVS bike had multiple issues within first year. Maybe they're focusing too much on quantity over quality?
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Karthik V
Three-wheeler sales up by 42% is great news for last-mile connectivity! Auto drivers prefer TVS because of good mileage and low maintenance. Hope they introduce electric autos soon too.
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Nisha Z
The magnets shortage affecting EV production is concerning. India should develop its own rare earth mineral processing capabilities instead of depending on imports. #AtmanirbharBharat

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