TVS Motor Company Leads Two-Wheeler Segment with 60% Rally Over 12 Months

TVS Motor Company has delivered exceptional returns of 60% over the past 12 months, establishing itself as the top performer in the two-wheeler segment. The stock has consistently outperformed both industry peers and broader market indices across multiple timeframes, backed by strong fundamentals and supportive technical indicators.

Performance Comparison with Industry Peers

TVS Motor Company's stellar performance significantly surpasses its competitors in the two-wheeler space. The company's returns demonstrate superior market positioning and operational efficiency.

Company	12-Month Returns	Performance Gap
TVS Motor Company	60%	Best performer
Eicher Motors	47%	-13% vs TVS
Hero MotoCorp	44%	-16% vs TVS
Bajaj Auto	11%	-49% vs TVS

The long-term performance metrics further highlight TVS Motor Company's consistent outperformance, with 3-year returns of 275% and 5-year returns of 687%, compared to Nifty Auto's 127% and 206% respectively over the same periods.

H1FY26 Financial Performance

TVS Motor Company reported robust financial results for H1FY26, demonstrating strong operational momentum across key metrics.

Financial Metric	H1FY26	Previous Year	Growth (%)
Net Profit	₹833.00 crore	₹588.00 crore	+41.60%
Revenue from Operations	₹14,051.00 crore	₹11,197.00 crore	+25.50%

For Q1FY26 specifically, the company achieved consolidated net profit of ₹610.00 crore, representing 32% year-on-year growth compared to ₹461.00 crore in the corresponding quarter. Revenue from operations for Q1FY26 reached ₹12,210.00 crore, up 18% from ₹10,314.00 crore in the previous year.

Technical Analysis and Market Position

Technical indicators suggest TVS Motor Company shares maintain a strong long-term uptrend structure. The stock trades well above key moving averages, with 50-day and 200-day simple moving averages positioned at ₹3,585.00 and ₹3,123.00 respectively. RSI levels around 60-65 indicate healthy momentum without overbought conditions.

Analysts identify crucial support levels at ₹3,700.00-₹3,720.00, with potential breakout targets at ₹4,100.00-₹4,200.00 upon decisive movement above ₹3,950.00.

Recent Sales Performance and Q3 Expectations

TVS Motor Company reported strong December sales growth of 50%, with total units reaching 4,81,389 compared to 3,21,687 units in December of the previous year. Domestic sales specifically increased 54% to 3,30,362 units, indicating robust demand momentum.

Q3FY26 Projections	Expected Figures	Growth Estimates
Revenue	₹12,288.00 crore	+35% YoY, +3% QoQ
Adjusted Net Profit	₹1,009.00 crore	+63% YoY, +11% QoQ

Analysts expect robust volume performance, improved model mix, and USD appreciation to support revenue growth, with EBITDA margin expansion anticipated from better scale and PLI incentives.

Analyst Recommendations and Price Targets

Brokerages maintain positive outlook on TVS Motor Company shares with varied target prices reflecting upside potential:

Buy rating with target price of ₹4,500.00, implying 16% upside potential
Add rating with target price of ₹4,069.00
Buy on dips strategy with medium-term target of ₹4,200.00, suggesting 9% gain potential

Risk management recommendations include stop loss placement below ₹3,600.00, with analysts noting potential profit booking around ₹3,900.00 resistance zone. The positive analyst sentiment reflects confidence in the company's operational performance and market positioning within the expanding two-wheeler segment.

TVS Motor Company shares surged nearly 3% in early trading on Friday, reaching a 52-week high of ₹3,898.95, following the company's announcement of exceptional sales performance for December 2025. The stock opened at ₹3,840 and traded at ₹3,873.50, representing a 2.15% gain from the previous close of ₹3,792 on the BSE.

Strong Sales Performance Drives Market Confidence

The automaker delivered impressive results with total sales jumping 50% year-on-year in December 2025. The company's robust performance across multiple segments demonstrates its strong market position and operational efficiency.

Sales Metric	December 2025	December 2024	Growth (%)
Total Sales	4,81,389 units	3,21,687 units	+50%
Two-Wheeler Sales	4,61,071 units	3,12,002 units	+48%
Domestic Two-Wheeler	3,30,362 units	-	+54%
Motorcycle Sales	2,16,867 units	-	+50%
Electric Vehicle Sales	35,605 units	20,171 units	+77%
Total Exports	1,46,022 units	-	+40%

Two-Wheeler Segment Leads Growth Momentum

The two-wheeler segment continued to serve as the key growth driver for TVS Motor Company, posting a substantial 48% increase in sales to 4,61,071 units compared to 3,12,002 units in the previous year. Domestic two-wheeler sales demonstrated particularly strong momentum with 54% growth to 3,30,362 units, while motorcycle sales specifically increased by 50% to 2,16,867 units during December 2025.

Electric Vehicle Business Shows Exceptional Growth

TVS Motor Company's electric vehicle segment witnessed remarkable momentum, with sales jumping 77% year-on-year to 35,605 units in December 2025 from 20,171 units in the corresponding period last year. This substantial growth reflects the company's successful positioning in the rapidly expanding electric mobility market and strong consumer adoption of its electric vehicle offerings.

Export Performance Remains Robust

The company's international business continued to show healthy expansion, with total export shipments rising 40% to 1,46,022 units in December 2025. This strong export performance underscores TVS Motor Company's growing global presence and the international market's confidence in its product portfolio.

Analyst Outlook

Domestic brokerage Motilal Oswal has maintained a positive outlook on TVS Motor Company within the two-wheeler space, identifying the stock as one of its top picks among original equipment manufacturers. The brokerage has positioned TVS Motor Company alongside Maruti Suzuki and Mahindra & Mahindra as preferred investment choices in the automotive sector, reflecting strong institutional confidence in the company's growth prospects and market position.