TVS Motor stock fell 1.24 percent as Q2 sales surged
Published on 10/06/2026 at 14:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
TVS Motor stock (ISIN INE491A01021) was last at INR 3,981 on the NSE on October 6, 2026, down 1.24 percent from the previous close. The immediate operating trigger is a 24 percent rise in September sales to 672,790 units, reported by Business Standard on October 1, 2026.
EV sales lead the volume growth
The September sales mix gives the story more depth than the headline total. Electric two-wheeler sales reached 65,799 units, up 110 percent from 31,266 units in September 2025, according to CNBC TV18 on October 1, 2026. International sales rose 48 percent to 180,700 units, adding an export component to the growth.
For Q2 FY27, total sales reached 1.9 million units, while two-wheeler volumes increased 27 percent to 1.8 million units. Electric two-wheeler sales for the quarter rose 133 percent to 186,000 units, according to ScanX in its October 1, 2026 report.
Margins now face the next test
The volume momentum arrives as TVS Motor expands its electric and premium product mix. The company reported INR 16,296 crore in consolidated sales and INR 1,058 crore in net profit for the quarter ended June 30, 2026, with EPS of INR 21.46, according to figures published by Screener. The investor-relations page identifies the June 30, 2026 financial results as the latest report listed by the company itself.
That combination makes margins the key operating checkpoint. Higher EV volumes can expand the addressable market, but the shift also places product pricing, battery costs and manufacturing efficiency at the center of the next quarterly update.
Motilal Oswal target stays above the stock
Motilal Oswal Financial Services retained a Buy recommendation and a target price of INR 4,470 in its July 21, 2026 update after the Q1 FY27 performance, according to DSIJ. The target lies 12.3 percent above the October 6 price of INR 3,981, while the broker cited a 12.8 percent EBITDA margin for Q1 FY27 against a 12.2 percent estimate.
The counter-factor is valuation sensitivity. TVS Motor's latest quoted 52-week range is INR 3,228 to INR 4,484.50, so the October 6 price stood 11.2 percent below the yearly high while the business enters its next results cycle with elevated volume expectations.
TVS Motor stock stays below its yearly high
TVS Motor stock was last at INR 3,981 on the NSE at 3:15 p.m. IST on October 6, 2026, with market capitalization of INR 1.9 trillion and volume of 791,062 shares.
TVS Motor stock facts
- Company: TVS Motor Company Limited
- ISIN: INE491A01021
- Ticker: TVSMOTOR
- Trading venue: NSE
- Price (as of October 6, 2026, 3:15 p.m. IST): INR 3,981
- Market capitalization: INR 1.9 trillion (as of October 6, 2026)
- 52-week range: INR 3,228-4,484.50 (as of October 6, 2026)
- Sector / Industry: Automobile and Auto Components / Automobiles two and three wheelers
