TVS Motor Company reported a robust performance in February 2026, posting total sales of 5,29,308 units, a 31% increase over 4,03,976 units a year earlier. The growth was broad-based across domestic and international markets, with exports reaching a record 1,58,268 units. Two-wheeler volumes rose nearly 30% year on year, while three-wheeler sales surged 77%. Electric mobility remained a standout contributor, with iQube sales climbing 60%. The February results underscore the company’s strengthening global footprint, resilient domestic demand and accelerating transition toward electric vehicles in an increasingly competitive mobility landscape.
Strong Overall Growth in February
TVS Motor Company reported total sales of 5,29,308 units in February 2026, marking a 31% year-on-year expansion compared with 4,03,976 units in February 2025. The performance reflects steady demand across core segments and record-breaking international volumes.
Total domestic sales, including two- and three-wheelers, stood at 3,71,040 units, up 33% from a year earlier. Combined domestic and export performance indicates sustained traction across both mature and emerging markets.
The February results reinforce TVS Motor’s strategic balance between domestic scale and international diversification.
Two-Wheeler Segment: Consistent Expansion
Total two-wheeler sales rose 30% year on year to 5,07,862 units, compared with 3,91,889 units in February 2025. Domestic two-wheeler volumes increased 32% to 3,65,471 units, up from 2,76,072 units a year earlier.
On a month-on-month basis, however, domestic two-wheeler sales declined 4.6% from 3,83,262 units recorded in January 2026, reflecting typical seasonal adjustments and inventory calibration.
Motorcycles and Scooters
Motorcycle sales grew 25% year on year to 2,41,282 units, compared with 1,92,960 units in February 2025. Sequentially, motorcycle volumes rose 10% from 2,19,188 units in January 2026, signaling renewed demand momentum in the premium and commuter categories.
Scooter sales posted a 34% annual increase, reaching 2,19,895 units against 1,64,415 units last year. On a month-on-month basis, scooter volumes edged down 1.4% from 2,22,926 units in January.
The performance suggests that scooters remain a growth driver, supported by urban mobility demand and expanding electric adoption.
Electric Mobility Gains Traction
The company’s electric scooter portfolio, led by the iQube, continued to gather pace. EV sales climbed 60% year on year to 38,386 units in February 2026, compared with 24,017 units a year earlier. Month-on-month growth stood at 1.7%, up from 37,756 units in January.
The sustained growth trajectory in electric vehicles underscores a structural shift in consumer preferences, aided by improved charging infrastructure and supportive policy frameworks. For TVS Motor, EV expansion is increasingly becoming a strategic growth pillar rather than a niche vertical.
Moped and Entry-Level Strength
The XL100 moped recorded sales of 46,685 units, reflecting a 35% year-on-year increase. However, volumes declined 10% sequentially compared with January.
The moped segment continues to serve rural and semi-urban markets, where affordability and fuel efficiency remain key purchase determinants.
Exports Reach Historic High
International business delivered a standout performance. Total exports reached 1,58,268 units in February 2026, marking a 27% year-on-year increase from 1,24,993 units. This represents the highest monthly export volume in the company’s history.
Two-wheeler exports rose 23% to 1,42,391 units, while three-wheeler exports surged 73% to 15,877 units. On a month-on-month basis, total exports expanded 29% over January 2026.
The strong export performance highlights TVS Motor’s deepening presence in Africa, Latin America and parts of Southeast Asia, where demand for cost-efficient mobility solutions remains resilient.
Three-Wheeler Segment: Sharp Acceleration
Three-wheeler sales, including domestic and export markets, climbed 77% year on year to 21,446 units, compared with 12,087 units in February 2025.
Domestic three-wheeler sales rose 91% to 5,569 units, while exports increased 73%. The segment’s revival reflects improving last-mile connectivity demand and the gradual normalization of small commercial mobility.
Strategic Implications
TVS Motor’s February 2026 performance reflects broad-based growth across conventional internal combustion engine products and electric mobility platforms. The company’s 31% overall year-on-year expansion, 60% growth in electric scooter sales and record international volumes underscore operational resilience and strategic foresight.
As global mobility trends pivot toward electrification and emerging markets continue to urbanize, TVS Motor appears well positioned to capitalize on structural demand shifts. The February data signals not merely cyclical recovery but sustained competitive strengthening across segments.
In a dynamic automotive landscape, scale, diversification and innovation remain decisive — and February’s numbers suggest TVS Motor is executing on all three fronts.
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