TVS Motor Company shares are likely to be in focus following the company's announcement of its highest-ever quarterly sales in Q3FY26, alongside strong December performance. The two-wheeler manufacturer has demonstrated exceptional growth across all business segments, positioning itself favorably in the competitive automotive market.

Record-Breaking Q3FY26 Performance

The company registered unprecedented quarterly sales of 15.44 lakh units in Q3FY26, marking an impressive 27% growth compared to the previous year. This achievement represents a significant milestone in the company's operational history, reflecting robust demand across its product portfolio.

Strong Financial Performance

TVS Motor reported robust financial results with net profit surging 41.60% to ₹833.00 crores compared to ₹588.00 crores in the previous year. Revenue from operations demonstrated strong momentum, increasing 25.50% to ₹14,051.00 crores from ₹11,197.00 crores in the corresponding period last year.

December Monthly Sales Highlights

TVS Motor Company recorded monthly sales of 4.81 lakh units in December, representing a substantial 50% growth compared to 3.21 lakh units in December of the previous year. This strong monthly performance contributed significantly to the record quarterly achievement.

Two-Wheeler Segment Performance

The two-wheeler segment demonstrated robust growth across all categories during December:

Electric Vehicle and International Business Growth

The electric vehicle segment showed exceptional momentum with 77% growth, increasing from 20,171 units to 35,605 units in December. This substantial growth reflects the increasing adoption of electric mobility solutions and the company's strong positioning in the EV market.

International business continued its expansion trajectory with strong export performance contributing to overall growth across multiple markets.

Three-Wheeler Segment Excellence

The three-wheeler segment delivered outstanding performance with 110% growth in December, increasing from 9,685 units to 20,318 units. This exceptional growth demonstrates the company's successful penetration in the commercial vehicle segment and strong market acceptance of its three-wheeler offerings.

Market Performance

TVS Motor shares have demonstrated strong market performance, rallying as much as 57% during the year, reflecting investor confidence in the company's growth trajectory and operational excellence across all business segments.

TVS Motor Company has officially signed a Memorandum of Understanding (MoU) with Manba Finance Limited on December 30, 2025, to strengthen financing solutions for commercial mobility customers. This strategic partnership aims to enhance vehicle affordability and improve access to structured financing for customers across India.

MoU Details and Scope

The comprehensive agreement enables Manba Finance Limited to provide monthly EMI-based financing solutions for the entire range of TVS Commercial Mobility vehicles. The partnership covers both passenger and cargo three-wheelers across internal combustion engine (ICE) and electric vehicle (EV) models.

Strategic Benefits and Market Impact

The collaboration is designed to strengthen TVS Commercial Mobility's ecosystem by offering competitive funding schemes, reduced turnaround time for loan processing, and deeper penetration into rural and semi-urban markets. For customers, the partnership enables higher purchasing power through attractive down payment options and reduced monthly outflows, supported by bundled financing offers that deliver greater savings and financial flexibility.

Leadership Perspectives

Mr. Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, emphasized the partnership's role in building a comprehensive commercial mobility ecosystem. He stated that the collaboration strengthens the company's ability to offer accessible and competitive financing solutions across their ICE and EV three-wheeler portfolio, aiming to support entrepreneurs and fleet operators in enhancing their earning potential and business scalability.

Mr. Manish Shah, Managing Director of Manba Finance Limited, highlighted the alignment with their commitment to supporting a cleaner and more sustainable mobility ecosystem. He noted that leveraging TVS Motor's deep industry expertise, strong distribution network, and trusted brand positions Manba Finance to build meaningful scale in the three-wheeler financing segment, expecting significant contribution to expansion and portfolio growth.

Company Background

TVS Motor Company operates as a reputed two and three-wheeler manufacturer globally with four state-of-the-art manufacturing facilities in India and Indonesia. The company has won the prestigious Deming Prize and operates across 80 countries worldwide. Manba Finance Limited, established in 1996, is a trusted NBFC offering various financing solutions including two-wheeler loans, three-wheeler and electric vehicle financing, with a customer-first and technology-led operating model.