TVS Motor shares to be in focus on Thursday as March sales jump 25% to 5.19 lakh units
TVS Motor Company saw March 2026 sales grow by 25%, driven by two-wheelers and a 44% increase in EV sales. Despite a significant drop in share prices in March, the company has shown impressive long-term gains, with shares reaching a record high in February.
Shares of TVS Motor Company, 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 fourth quarter 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 elevated tensions in West Asia. 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.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
About the Author
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
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