TVS Motor Company Limited has informed the Exchange regarding Monthly Business Updates for the month of April 2026
TVSMOTOR · price
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TVS Motor Company reported total sales of 473,970 units in April 2026, up 7% from 443,716 units in April 2025. While overall volumes grew, the motorcycle segment specifically declined to 200,039 units from 220,347 units in the prior year period, marking a roughly 9% drop. However, scooters surged 24% to 211,158 units, EVs jumped 36% to 37,771 units, and three-wheelers rose 37% to 18,637 units. The company noted that retail demand remains robust, but dispatch volumes were impacted by supply chain constraints including workforce availability issues, raw material shortages at tier-1 and tier-2 suppliers, and limited container availability for exports. The company expects production to recover in May 2026. Domestic two-wheeler sales grew 8% while international business grew 3%.
The motorcycle segment decline is a concern despite strong overall growth driven by scooters and EVs. The supply chain issues appear temporary and management expects recovery in May, which should be positive for investors if resolved as indicated.