TVS Motor appoints Peyman Kargar as CEO for five-year term
- Peyman Kargar appointed Director and CEO of TVS Motor, effective January 27, 2027
- Kargar succeeds K. N. Radhakrishnan for a five-year term as Whole Time Director
- TVS Motor sold 5.9 million vehicles globally in FY26 with 30% revenue growth
- Operating profit before tax rose 40% to ₹4,975 crore in FY26
- International sales grew 33% to 1.58 million units, contributing 29% of total volume
*this image is generated using AI for illustrative purposes only.
TVS Motor Company has appointed Peyman Kargar as its new Director and Chief Executive Officer, effective January 27, 2027. The appointment was approved by the Board of Directors on August 28, 2026.
Leadership transition details
Kargar will serve in the rank of Whole Time Director and Key Managerial Personnel for a period of five years. He succeeds K. N. Radhakrishnan, who will continue as Director and CEO until the transition date. Following this, Radhakrishnan will serve as a Non-Executive Director until the ensuing Annual General Meeting scheduled in July 2027.
| Appointment detail | Information |
|---|---|
| Name | Peyman Kargar |
| Role | Director and CEO |
| Effective date | January 27, 2027 |
| Term | Five years |
| Predecessor | K. N. Radhakrishnan |
Profile and experience
Kargar currently serves as the President of International Business at TVS Motor Company. He brings over three decades of global automotive leadership experience across Europe, Asia, Africa, and the Middle East. His background includes roles in engineering, manufacturing, project management, quality, sales, marketing, and business development.
Prior to joining TVS Motor, Kargar was the Global Chairman and President of Infiniti, the luxury brand of Nissan. During his tenure there, which lasted until March 2023, he led the full value chain of the brand globally. Under his leadership, Infiniti achieved a 20% increase in volume and set a trajectory toward $1 billion in annual profit.
His previous roles include:
- Chairman and Senior Vice President for Nissan's Africa, Middle East, and India region
- CEO of the Datsun brand, overseeing operations in more than 80 countries
- Vice President of Sales and Marketing at Renault Group (2014–2017), managing 50 countries with responsibility for €4 billion turnover and 400,000 vehicle sales annually
- Managing Director of Renault Middle East and Country Manager Director in Iran
Kargar holds a Master of Business Administration from the London Business School and is a Mechanical Engineer from INSA de LYON.
Strategic context
The leadership transition occurs as TVS Motor Company consolidates its position in India and expands globally. In FY25-26, the company sold 5.9 million vehicles globally and delivered 30% revenue growth. The operating profit before tax rose 40% to ₹4,975 crore, while operating Ebitda margin improved to 12.9%.
International business currently contributes 29% of the company's sales volume and is growing at 33%. International sales reached a record 1.58 million units in FY26. Kargar's appointment aims to further grow the business through product innovation, premiumisation, and expansion into developed markets.
What the Numbers Show
TVS Motor's financial performance in FY26 underscores the momentum Kargar inherits. With revenue reaching ₹47,270 crore and operating profit rising 40%, the company is demonstrating strong profitability alongside volume growth. The international segment, which grew 33% to account for 29% of total sales, represents a critical growth engine. Kargar's prior success in scaling global operations, such as leading Infiniti's volume increase by 20%, positions him to potentially accelerate this international contribution further.
Management comments
Sudarshan Venu, Chairman of TVS Motor Company, stated that the appointment marks an important step for the company's future. He highlighted Kargar's deep industry experience and strategic vision.
Kargar expressed confidence in building on the company's momentum to enter a new phase of growth. He emphasized focusing on technology leadership, AI capabilities, quality, and customer centricity.
Radhakrishnan thanked the team for their support and expressed confidence in Kargar's ability to lead the company with distinction.
How might Peyman Kargar's background in premium automotive brands like Infiniti influence TVS Motor's strategy for product premiumisation and entry into developed markets?
What specific operational or cultural challenges could arise during the transition period between K. N. Radhakrishnan's departure in January 2027 and the subsequent AGM?
Given the 33% growth in international sales, which specific emerging or developed markets is TVS Motor prioritizing for expansion under Kargar's five-year tenure?
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