TVS MOTOR COMPANY LTD

During the Q1 FY27 earnings conference call, management reported a 28% increase in overall sales volume, reaching 1.63 million units, and a 38% rise in revenue to INR 13,896 crores. Operating EBITDA grew by 41% to INR 1,779 crores, while profit after tax increased by 51% to INR 1,174 crores. The company highlighted strong growth in both domestic and international markets, with 2-wheeler domestic ICE sales up 21% and international sales up 33%. Management noted a significant increase in electric vehicle (EV) sales, which grew by 86%. The company also announced an upgrade in its long-term credit rating to AAA. Management emphasized ongoing investments in capacity expansion and product development, particularly in the EV segment, and expressed confidence in maintaining growth momentum despite challenges from commodity price volatility and supply chain disruptions. The call concluded with management expressing optimism for continued strong performance in Q2.

Management highlighted strong growth metrics and positive developments in capacity and product offerings.