Shares of TVS Motor have shown growth of approximately 29 percent over the past year. This figure is particularly significant because during this period, both major stock market indices, Nifty and Sensex, showed negative dynamics. Thus, TVS Motor shares demonstrated resilient performance despite the overall market decline.
Even on August 31, the market remained weak, but TVS Motor shares continued to rise, closing at ₹4,322, showing an increase of 0.41%. In comparison, Nifty fell by 0.39%, or 95 points, ending trading at 24,080, while Sensex decreased by 0.40%, or 307 points, reaching 76,957.
Significant changes are expected in the management of TVS Motor next year, yet the company's share price continues to grow. Peman Kargar has been appointed as the new Director and CEO of TVS Motor, and he will assume his duties on January 27, 2027, replacing the current CEO Ken Radhakrishnan. The Japanese brokerage firm Nomura has maintained its 'Buy Rating' recommendation for TVS Motor even after this management change. A 'Buy Rating' from an analytical or brokerage firm is advice for investors to purchase shares of a specific company.
Ken Radhakrishnan will continue to perform his current duties at TVS Motor until the end of January 2027. After that, he will remain a non-executive director of the company until the Annual General Meeting (AGM) in July 2027. Thus, the management change in the company will happen gradually, not suddenly. The market will closely watch what strategic priorities the new CEO brings.
Peman Kargar joined TVS Motor in April 2025 as President of International Business. He has over thirty years of experience in the international automotive industry. Peman has worked in many key markets, including Europe, Asia, and the Middle East. Before TVS Motor, he held the position of Global Chairman and President at the luxury vehicle division of Nissan Motor, a Japanese automaker.
Ken Radhakrishnan began his journey at TVS Motor in 2004. In 2008, he became the company's president, and in 2018, he took on the roles of director and CEO. During his leadership, the company demonstrated steady growth in both revenue and profit. TVS Motor's Revenue CAGR was about 16 percent, while the annual growth rate of net profit (after tax) reached approximately 30 percent. During this period, the company's market capitalization also increased significantly. In the 2008 fiscal year, TVS Motor's market capitalization was about 8.3 billion rupees, and by August 2026, it grew to approximately 2.10 trillion rupees.
TVS Motor manufactures scooters, motorcycles, and three-wheelers. The company is also present in the two-wheeler and three-wheeler electric vehicle sectors. Now, the new CEO faces the task not only of continuing current growth but also of strengthening the company's position in international and premium markets. The brokerage firm Nomura believes that under the new leadership, the premium and global segments may play a more important role in the company's strategy. Given Peman Kargar's experience with luxury and global automotive brands, the market will observe how he uses this experience to expand TVS Motor's premium portfolio and international business.
