TVS Motor Company reported total wholesale sales of 6,16,540 units in August 2026, registering 21.00% year-on-year (YoY) growth compared with 5,09,536 units in August 2025. The TVS Motor August 2026 sales performance was supported by a sharp increase in electric two-wheeler volumes, stronger international shipments and broad-based growth across the two-wheeler and three-wheeler segments.
Electric two-wheeler sales rose 136.51% YoY to 59,453 units, while total exports increased 28.87% to 1,74,452 units. Domestic two-wheeler sales also recorded healthy growth of 17.60% YoY, reaching 4,33,796 units. On a sequential basis, however, total wholesale volumes declined 2.09% from the July 2026 record of 6,29,675 units.
Table of Contents
- TVS Motor August 2026 Sales Highlights
- TVS Motor August 2026 Sales Data
- Segment-Wise Analysis
- Electric Vehicle Growth
- International Business and Exports
- Change in Monthly Sales Reporting
- Key Factors for Investors
- Management Transition
- Key Risks to Monitor
- TVS Motor August 2026 Sales Outlook
- FAQs
The TVS Motor August 2026 sales report shows strong year-on-year volume growth across the company's key operating categories. Total wholesale sales of two-wheelers and three-wheelers increased by 1,07,004 units compared with August 2025.
| Key metric |
August 2026 performance |
| Total wholesale sales |
6,16,540 units |
| YoY growth |
21.00% |
| Total two-wheelers |
5,91,437 units |
| Total three-wheelers |
25,103 units |
| Electric 2W sales |
59,453 units |
| EV YoY growth |
136.51% |
| Total exports |
1,74,452 units |
| Domestic 2W sales |
4,33,796 units |
| MoM growth |
-2.09% |
The most significant growth driver was the electric two-wheeler business, where sales more than doubled from the year-ago period. International business also remained an important contributor, with exports growing faster than total wholesale volumes.
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TVS Motor's August 2026 sales figures show growth across domestic sales, exports, two-wheelers and three-wheelers. Total two-wheeler volumes increased 20.51% YoY to 5,91,437 units, while three-wheeler sales grew 33.90% YoY to 25,103 units.
| Segment |
August 2026 |
YoY growth |
| Domestic 2W |
4,33,796 |
+17.60% |
| 2W exports |
1,57,641 |
+29.29% |
| Total 2W |
5,91,437 |
+20.51% |
| Electric 2W |
59,453 |
+136.51% |
| Domestic 3W |
8,292 |
+56.25% |
| 3W exports |
16,811 |
+25.07% |
| Total 3W |
25,103 |
+33.90% |
| Total domestic sales |
4,42,088 |
+18.15% |
| Total exports |
1,74,452 |
+28.87% |
| Grand total wholesale sales |
6,16,540 |
+21.00% |
Data source: TVS Motor Company regulatory exchange filings under SEBI (LODR) Regulations.
TVS Motor Sales: August 2026 vs July 2026
Although August volumes increased strongly on a year-on-year basis, they were slightly lower than the record monthly volumes reported in July 2026.
| Metric |
August 2026 vs July 2026 |
| Domestic 2W |
-0.82% |
| 2W exports |
-4.89% |
| Total 2W |
-1.94% |
| Electric 2W |
-2.43% |
| Domestic 3W |
+3.43% |
| 3W exports |
-9.23% |
| Total 3W |
-5.40% |
| Total domestic sales |
-0.75% |
| Total exports |
-5.32% |
| Grand total sales |
-2.09% |
TVS Motor's total wholesale sales declined from 6,29,675 units in July 2026 to 6,16,540 units in August 2026, a sequential decline of 2.09%. The August figure nevertheless remained substantially above the year-ago level.
The segment-level TVS Motor sales performance indicates that growth was not limited to a single category. Two-wheelers remained the company's dominant volume contributor, while three-wheelers delivered a faster YoY growth rate.
Two-Wheeler Sales
TVS Motor sold 5,91,437 two-wheelers in August 2026, compared with 4,90,788 units in August 2025. This represented 20.51% YoY growth.
Domestic two-wheeler sales increased 17.60% to 4,33,796 units, while two-wheeler exports grew 29.29% to 1,57,641 units.
On a monthly basis, total two-wheeler sales declined 1.94% from 6,03,138 units in July 2026.
Three-Wheeler Sales
Three-wheeler sales rose 33.90% YoY to 25,103 units in August 2026 from 18,748 units in August 2025.
Domestic three-wheeler sales increased 56.25% to 8,292 units. Three-wheeler exports rose 25.07% to 16,811 units.
The three-wheeler business therefore recorded faster YoY growth than the overall TVS Motor portfolio, although total three-wheeler volumes declined 5.40% sequentially from July.
Want to understand the sales trend leading into August and compare the company’s monthly volume trajectory? Read the detailed TVS Motor July 2026 Sales Analysis covering July’s two-wheeler, EV, three-wheeler, and export performance.
Electric vehicles were the standout component of the TVS Motor August 2026 sales data. Electric two-wheeler dispatches increased 136.51% YoY to 59,453 units, compared with 25,138 units in August 2025.
The increase also lifted the contribution of electric two-wheelers within TVS Motor's overall two-wheeler volumes.
EV Penetration Rises to 10.05%
Electric two-wheelers accounted for 10.05% of total two-wheeler volumes in August 2026, compared with 5.12% in August 2025.
This indicates a significant increase in the proportion of TVS Motor's two-wheeler dispatches represented by EVs over the year.
| EV metric |
August 2025 |
August 2026 |
| Electric 2W sales |
25,138 |
59,453 |
| EV share of 2W volumes |
5.12% |
10.05% |
| YoY growth |
|
+136.51% |
iQube and EV Product Expansion
The growth in electric two-wheelers was anchored by the TVS iQube series, which crossed the 1-million-unit cumulative production milestone.
The company also expanded its electric product offering through the rollout of 2.2 kWh, 3.4 kWh and 5.1 kWh iQube variants, alongside new commercial-grade and entry-level electric offerings.
According to the provided TVS Motor sales analysis, the company surpassed competitors such as Ola Electric in cumulative sales in mid-2026 and emerged as India's leading EV two-wheeler manufacturer by volume.
The rapid increase in EV volumes is therefore an important component of the company's August sales performance and its broader two-wheeler mix.
TVS Motor's international business remained another important growth contributor in August 2026. Total exports across two-wheelers and three-wheelers increased 28.87% YoY to 1,74,452 units, compared with 1,35,367 units in August 2025.
Exports represented 28.30% of total wholesale sales in August 2026, up from 26.57% in August 2025.
| Export metric |
August 2026 |
YoY growth |
| 2W exports |
1,57,641 |
+29.29% |
| 3W exports |
16,811 |
+25.07% |
| Total exports |
1,74,452 |
+28.87% |
Three-Wheeler Business Remains Export-Driven
International markets have a particularly significant role in TVS Motor's three-wheeler business.
Of the 25,103 three-wheelers sold in August 2026, 16,811 units were exported, meaning approximately 66.97% of three-wheeler volumes came from exports.
The company's three-wheeler international business caters to markets across Africa, Latin America and South Asia.
The stronger export performance in August also contributed to the overall recovery in TVS Motor's international business.
TVS Motor changed the level of detail provided in its monthly wholesale sales disclosures beginning in mid-2026.
The company discontinued reporting standalone monthly volumes for ICE motorcycles and ICE scooters. Instead, its monthly wholesale releases now provide total two-wheeler dispatches divided into domestic sales, exports and electric two-wheelers.
As a result, individual ICE scooter and ICE motorcycle volume trends cannot be isolated from TVS Motor's monthly exchange filings alone.
This change is important when comparing current TVS Motor sales figures with earlier monthly reports because the latest disclosures do not provide the same ICE category-level granularity.
The August 2026 wholesale numbers provide several indicators for investors assessing TVS Motor's operating performance. The company recorded strong YoY growth, although the absolute monthly volume was below broader expectations.
1. Sales Below Broader Consensus Estimates
TVS Motor's August wholesale volume of 6.16 lakh units was slightly below broader consensus estimates of approximately 6.50 lakh units.
The company also recorded a 2.09% MoM decline from the July 2026 record of 6,29,675 units.
The sequential moderation can be viewed in the context of routine dealer inventory management ahead of the peak festive period, as stated in the provided analysis.
At the same time, the 21% YoY increase indicates that the underlying sales volume remained significantly stronger than the corresponding period of the previous year.
2. Domestic Business Remains Strong
Total domestic sales across two-wheelers and three-wheelers rose 18.15% YoY to 4,42,088 units.
Domestic two-wheeler sales increased 17.60%, while domestic three-wheeler sales recorded a stronger 56.25% increase.
This indicates that the YoY increase in TVS Motor's overall volumes was supported by both domestic two-wheeler demand and three-wheeler growth.
3. Exports Provide an Additional Growth Driver
Total exports grew 28.87%, substantially ahead of the 21% growth in overall wholesale volumes.
The export contribution to total sales also increased from 26.57% in August 2025 to 28.30% in August 2026.
This makes international market performance an important factor to monitor when assessing future TVS Motor sales figures.
Want to assess how TVS Motor’s sales momentum reflects in its market performance? Check the latest TVS Motor share price, charts, and key valuation ratios.
TVS Motor announced a leadership transition on 28 August 2026. The company appointed Peyman Kargar as Director and Chief Executive Officer, effective 27 January 2027.
Peyman Kargar will succeed K.N. Radhakrishnan.
The planned transition is intended to ensure management continuity as TVS Motor continues to scale its global operations.
For investors, the change in leadership is an additional corporate development to monitor alongside the company's sales growth, EV expansion and international business performance.
Despite strong August 2026 volume growth, several factors could affect TVS Motor's future operating performance and margins.
1. Raw Material and Margin Pressure
Operating EBITDA margins remain sensitive to movements in battery cell costs and industrial metal prices. Changes in these input costs could influence profitability even when vehicle volumes remain strong.
2. Competitive Pricing in EVs
The expansion of EV production by established manufacturers and newer EV companies, particularly in the sub-Rs 1 lakh price segment, could increase competitive pricing pressure.
Greater competition may affect gross realisations and the economics of electric two-wheelers.
3. Foreign Exchange and Export Market Risks
TVS Motor's growing international contribution also creates exposure to macroeconomic conditions in its key export markets.
Demand in African markets remains exposed to local currency depreciation and central bank dollar availability, which can influence purchasing conditions and international business performance.
The August 2026 TVS Motor sales report presents a mixed but broadly positive operating picture. Total wholesale volumes grew 21% YoY to 6,16,540 units, while electric two-wheeler sales expanded 136.51% and total exports increased 28.87%.
The strongest structural change in the sales mix is the increase in EV penetration. Electric two-wheelers accounted for 10.05% of total two-wheeler volumes in August 2026, nearly double the 5.12% share recorded in August 2025.
International business also gained importance, with exports accounting for 28.30% of total wholesale volumes. Meanwhile, domestic sales grew 18.15% across two-wheelers and three-wheelers.
The 2.09% MoM decline from July's record volume should be considered alongside the strong YoY growth and the stated context of dealer inventory management ahead of the festive season. Going forward, investors can track EV volume growth, export momentum, domestic two-wheeler demand, input-cost movements, competitive pricing and the planned January 2027 management transition.
Overall, the TVS Motor August 2026 sales performance demonstrates strong volume expansion led particularly by electric two-wheelers and exports, while sequential moderation and margin-related risks remain important factors for investors to monitor.
1. What were TVS Motor's total sales in August 2026?
TVS Motor reported 6,16,540 total wholesale vehicle sales in August 2026, covering two-wheelers and three-wheelers. This represented 21.00% YoY growth compared with 5,09,536 units in August 2025.
2. How many electric two-wheelers did TVS Motor sell in August 2026?
TVS Motor dispatched 59,453 electric two-wheelers in August 2026, up 136.51% from 25,138 units in August 2025. EVs accounted for 10.05% of total two-wheeler volumes during the month.
3. What was TVS Motor's export growth in August 2026?
TVS Motor's total exports across two-wheelers and three-wheelers increased 28.87% YoY to 1,74,452 units in August 2026. Exports accounted for 28.30% of total wholesale sales.
4. Did TVS Motor sales increase or decrease month-on-month in August 2026?
TVS Motor's total wholesale sales declined 2.09% MoM in August 2026 to 6,16,540 units from the July 2026 record of 6,29,675 units. Total two-wheeler sales declined 1.94%, while total three-wheeler sales fell 5.40%.
5. Who is the new CEO of TVS Motor Company?
Peyman Kargar has been appointed Director and Chief Executive Officer of TVS Motor Company, effective 27 January 2027, succeeding K.N. Radhakrishnan. The leadership transition was announced on 28 August 2026.