TVS Motor Q3 FY26: Revenue Soars 37% to Rs 12,476 Cr, Profit Jumps 46% on GST Cut

• TVS Motor Company reported its highest-ever quarterly sales in Q3 FY26, driven by a GST cut on two-wheelers below 350 cc from 28% to 18%.
• Operating revenue grew 37% year-on-year to Rs 12,476 crore, while profit after tax surged 46.2% to Rs 891.26 crore.
• Overall two-wheeler and three-wheeler sales increased 27% to 15.44 lakh units; motorcycle sales rose 31%, and scooter sales grew 25%.
• Three-wheeler sales more than doubled (106% growth), and electric vehicle (EV) sales saw a 40% increase to a record 1.06 lakh units.
• Employee benefit expenses rose 24.3% to Rs 1,102.86 crore due to the implementation of new labour codes.

Why It Matters: TVS Motor achieved record Q3 FY26 sales and profit, fueled by a GST reduction and strong demand across segments.