Shares of , one of the country’s leading two- and three-wheeler manufacturers, are expected to attract investor interest in Thursday’s trade (April 2) after the company reported double-digit sales growth for March.
In a regulatory filing after-market hours on Wednesday, the company said it recorded monthly sales of 5,19,358 units in March 2026, marking a 25% increase from 4,14,687 units in March 2025.
Two-wheelers, the company’s main growth driver, registered a 25% rise in sales, increasing from 4,00,120 units in March 2025 to 4,98,134 units in March 2026, supported by strong demand in both domestic and international markets.
Sales from the EV segment performed even better, jumping 44% year-on-year to 38,877 units in March 2026, its regulatory filing showed.
During the of FY26, the company reported a 28% growth in total sales, which rose from 12.16 lakh units in FY25 to 15.60 lakh units. Two-wheeler sales grew 27% during the quarter to 15.00 lakh units.
The company’s three-wheeler segment registered a robust 65% growth, with sales increasing from 0.37 lakh units in Q4 FY25 to 0.60 lakh units in Q4 FY26. Total exports rose 24%, from 3.40 lakh units in the corresponding quarter last year to 4.22 lakh units in the current quarter.
For the full financial year FY26, the company reported a 24% growth in total sales, which increased from 47.44 lakh units in FY25 to 58.89 lakh units.
Two-wheeler sales for the year rose 23%, from 46.09 lakh units in FY25 to 56.70 lakh units in FY26.
TVS Motor share price trend
The company’s shares witnessed a sharp sell-off in March, dropping 13% as broader market sentiment remained weak amid . The decline also marked the biggest monthly fall since March 2020, when the stock had tumbled 32%.
Although the stock’s short-term trend remains weak, its long-term performance continues to look impressive, given the strong gains accumulated over the years. Between March 2022 and September 2024, the stock witnessed a one-way rally, delivering a cumulative gain of 163%.
Even after a prolonged period of pressure, the stock later showed renewed momentum, recovering all its losses and moving higher to hit a record high, most recently in February, when it reached ₹3,970 apiece.
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