TVS Motor reported a 34.51% YoY rise in Q1 FY26 PBT, driven by robust vehicle sales and margin expansion.

• Total sales grew 17% YoY to 12.77 lakh units, led by strong growth across motorcycle, scooter, and EV segments.
• Operating EBITDA rose 32% YoY to Rs 1,263 crore, with margins improving 100 bps to 12.5%.
• The board approved raising Rs 500 crore via NCDs through private placement in multiple tranches.