TVS Motor Company Ltd announced that its step-down subsidiary, TVS EBike Company AG, has completed the transfer of identified assets and liabilities to Callista Asset Management 33 GmbH. The transaction was finalized on July 2, 2026, pursuant to an asset transfer agreement dated May 14, 2026. The agreement was entered into amongst TVS Motor (Singapore) Pte. Ltd., TVS EBike Company AG, and Callista Asset Management 33 GmbH.

The transfer was executed in accordance with the terms of the Asset Transfer Agreement and details mentioned in the company's earlier disclosure dated May 15, 2026. The company clarified that there has been no change in the shareholding of TVS Motor (Singapore) Pte. Ltd. in TVS EBike Company AG. Consequently, TVS EBike Company AG continues to remain a wholly owned subsidiary of TVS Motor (Singapore) Pte. Ltd. and a step-down wholly owned subsidiary of TVS Motor Company Ltd.

Transaction Details

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Ltd. under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The event occurred on July 2, 2026, at 3:00 PM IST.

TVS Motor Company , part of TVS VENU, registered its highest-ever quarterly sales of 16.31 lakh units during the first quarter of FY 2026-27, driven by robust demand across its two-wheeler, three-wheeler, and international business segments. The company also recorded its highest monthly sales at 5.90 lakh units in June 2026, marking a 47% growth over June 2025. Additionally, TVS Motor achieved its highest international sales at 4.68 lakh units and highest two-wheeler EV sales at 1.30 lakh units in Q1 FY27.

Q1 FY27 Performance Highlights

The first quarter of FY 2026-27 delivered broad-based growth across all segments. The two-wheeler segment grew by 27% to 15.64 lakh units, compared to 12.32 lakh units in Q1 FY 2025-26. Three-wheelers registered a 48% growth, reaching 0.67 lakh units from 0.45 lakh units in the same period last year. Total international business grew by 33% to 4.68 lakh units, up from 3.52 lakh units in Q1 FY 2025-26.

June 2026 Sales Breakdown

TVS Motor Company recorded total sales of 590,003 units in June 2026, up from 402,001 units in June 2025. Total two-wheeler sales rose 47% to 565,417 units, while domestic two-wheeler sales grew 46% to 411,014 units from 281,012 units. Within the two-wheeler category, motorcycles sales increased 42% to 267,096 units, and scooters surged 53% to 247,950 units. Three-wheelers registered a 51% growth with sales of 24,586 units in June 2026, compared to 16,303 units in June 2025.

Electric Vehicle and International Growth

Two-wheeler EVs recorded significant growth, with sales reaching 48,537 units in June 2026 compared to 14,400 units in June 2025. Total international business sales increased 47% to 172,355 units in June 2026, with international two-wheeler sales growing 48% to 154,403 units from 104,686 units in June 2025. TVS Motor Company operates across 90 countries and is the only two-wheeler company to have won the prestigious Deming Prize.