TVS Motor Company (TVS), a leading global automaker in the two and three-wheeler segment, has made two significant announcements that underscore its commitment to international expansion and shareholder value.

New Leadership for Global Growth

TVS Motor Co. has appointed Peyman Kargar as Head of International Business, effective April 1, 2025. Kargar, an accomplished global automotive leader with over three decades of experience across Europe, Asia, and the Middle East, will be based in Dubai and report directly to K N Radhakrishnan, Director & CEO of TVS Motor Company.

Kargar brings a wealth of experience to his new role, having previously served as the Global Chairman & President of INFINITI, the luxury brand of Nissan Company. During his tenure at INFINITI, he led a comprehensive transformation of the brand, resulting in a 20% increase in volume and setting the business on a trajectory toward USD 1.00 billion in annual profit.

K. N. Radhakrishnan, Director & CEO of TVS Motor Company, expressed confidence in the appointment, stating, "Peyman's prolific global leadership experience and expertise will add significant value to the company. We have been strengthening our position in international markets and have plans to expand further in advanced economies. We are confident that under his leadership, we will further strengthen our market position and continue to set benchmarks."

Interim Dividend Declaration

In a separate announcement, the Board of Directors of TVS Motor Company has declared an interim dividend of ₹10.00 per share (1000%) on 47,50,87,114 equity shares of ₹1.00 each fully paid up. This dividend declaration will result in a total payout of ₹475.09 crore for the financial year ending March 31, 2025.

Key details of the interim dividend:

The company has set March 26, 2025, as the record date for determining shareholder eligibility for the interim dividend. The dividend will be paid to shareholders holding shares in both physical and electronic form, whose names appear in the Register of Members and/or Depositories as of the close of working hours on the record date.

TVS Motor Company has committed to making the dividend payment within 30 days from the declaration date, in accordance with the Companies Act, 2013.

Conclusion

These developments highlight TVS Motor Company's focus on strengthening its global presence and maintaining a strong financial position. The appointment of Peyman Kargar is expected to drive the company's international growth strategy, while the substantial interim dividend demonstrates TVS's commitment to delivering value to its shareholders.

TVS Motor Company , a leading global automaker in the two and three-wheeler segment, has made two significant announcements that are likely to interest investors and industry watchers alike.

Generous Interim Dividend Declared

In a move that signals confidence in its financial performance, TVS Motor Company's Board of Directors has declared an interim dividend of ₹10 per share for the financial year ending March 31, 2025. This represents a 1000% dividend on equity shares of ₹1 each fully paid up.

The total outlay for this dividend payout amounts to ₹475.09 crore, covering 47,50,87,114 equity shares. Shareholders on record as of March 26, 2025, will be eligible to receive this dividend, which the company plans to disburse within 30 days of the declaration, in compliance with the Companies Act, 2013.

Key Details of the Dividend Announcement:

Strategic Appointment to Boost International Business

In a separate announcement, TVS Motor Company has appointed Mr. Peyman Kargar as the new Head of International Business, effective April 1, 2025. This strategic move is aimed at strengthening the company's global presence and expanding its footprint in international markets.

Mr. Kargar brings with him over three decades of experience in the automotive industry, having held senior positions at global automotive giants. His most recent role was as the Global Chairman & President of INFINITI, the luxury brand of Nissan Company.

K. N. Radhakrishnan, Director & CEO of TVS Motor Company, expressed confidence in the appointment, stating, "Peyman's prolific global leadership experience and expertise will add significant value to the company. We have plans to expand further in advanced economies, and we are confident that under his leadership, we will further strengthen our market position and continue to set benchmarks."

Peyman Kargar's Notable Achievements:

• Transformed the INFINITI brand, resulting in a 20% increase in volume and setting the business on a trajectory toward $1 billion in annual profit.
• Previously served as Chairman & Sr VP of Africa Middle East India Region and CEO of the DATSUN brand for Nissan Group.
• Managed a €4 billion turnover and 400,000 sales per year as VP Sales & Marketing for Renault Group across 50 countries.

This appointment aligns with TVS Motor Company's global ambitions and its commitment to strengthening its position in international markets. The company currently operates in 80 countries and has been focusing on expanding its presence in advanced economies.

These announcements reflect TVS Motor Company's robust financial health and its strategic focus on global expansion. As the company continues to evolve in the dynamic automotive landscape, investors and industry observers will be keenly watching how these moves translate into market performance and growth in the coming years.