TVS Motor Crowned Global #1 for Shareholder Value Creation

BENGALURU, India – May 29, 2026 – In a landmark achievement for Indian manufacturing, TVS Motor Company has been ranked number one globally for shareholder value creation in the 'Durable Consumer Goods' category. The prestigious recognition comes from the annual 'Best Stocks in the World' analysis, published exclusively by Germany's leading business weekly, WirtschaftsWoche, and based on rigorous data from the Boston Consulting Group (BCG).

The independent study, which evaluated over 2,000 listed companies worldwide across 35 industries, found that TVS Motor delivered an average annual Total Shareholder Return (TSR) of approximately 51 percent over the five-year period from 2021 to 2025. This remarkable performance placed the Indian automotive firm ahead of established industry peers from Japan, China, the United States, and other global markets, cementing its position as a leader in generating sustainable investor wealth.

The Engine of Financial Performance

According to the detailed BCG analysis, TVS Motor's top-ranking performance was not a matter of chance but the result of a powerful, multi-faceted growth engine. The study attributes the impressive 51% annual TSR primarily to two key drivers: exceptionally strong revenue growth, which accounted for 22 percentage points of the return, and a premium market valuation, which contributed another 18 percentage points. This performance was further bolstered by consistently improving profitability and a systematically strengthened balance sheet.

These characteristics align perfectly with the profile of a resilient company as defined by the study's criteria: profitable, growth-oriented, and financially disciplined, with the necessary reserves to navigate volatile market conditions. The company's most recent financial results for the fiscal year 2025–26 demonstrate that this momentum is not only continuing but accelerating.

TVS Motor reported its highest-ever annual sales of 5.89 million units, a robust 24 percent increase year-on-year. This growth was broad-based, with motorcycle sales climbing 24 percent, scooter sales rising 27 percent, and the three-wheeler segment surging by an impressive 63 percent. The company's international business also flourished, growing 33 percent across more than 90 markets. This operational success translated directly into record-breaking financial figures, with annual revenue growing 30 percent to Rs. 47,270 crore and operating profit before tax (PBT) increasing by 40 percent to Rs. 4,975 crore. The operating EBITDA margin also saw a healthy improvement of 60 basis points, reaching 12.9 percent, underscoring the firm's enhanced profitability.

The 'TVS Way': A Blueprint for Sustainable Growth

Behind the stellar financial numbers lies a core philosophy known as the 'TVS Way,' a strategic vision championed by Chairman Sudarshan Venu. This approach integrates financial discipline with a deep-seated commitment to innovation, quality, and social responsibility.

Professor Sir Ralf Speth, Chief Mentor at TVS Motor Company, commented on the achievement: "This recognition by WirtschaftsWoche and BCG is the result of the consistent implementation of Chairman Sudarshan Venu's clear strategic vision. His passion for the company, deep understanding of markets and customers, openness to new technology, and attentiveness to the workforce create a values-based environment in which creativity and performance can flourish. Equally exemplary is the strong commitment to social responsibility."

The company is aggressively pivoting towards becoming a high-tech mobility firm, with electric vehicles (EVs) at the heart of its future. Its flagship TVS iQube electric scooter has been instrumental in driving EV adoption in India, and the company's EV sales grew 33 percent in the last fiscal year. This focus is part of a broader "Reimagine 2030" vision centered on sustainable mobility. Simultaneously, TVS has made significant strides in environmental stewardship, sourcing approximately 95 percent of its energy from renewable sources in the past year and committing to net-zero emissions.

Speth added, "With this mindset - the 'TVS Way' - and under outstanding corporate leadership, the TVS team wins numerous international awards year after year, including accolades for environmental stewardship and exceptional product quality. TVS is synonymous with quality and a strong commitment to the environment, rooted in the skill of its people and built on manufacturing excellence."

Global Ambitions and Strategic Revivals

TVS Motor's strategy extends far beyond its domestic market, with a series of bold international moves designed to enhance its global competitiveness. The 2020 acquisition of the iconic British brand Norton Motorcycles stands as a cornerstone of this strategy. With a committed investment of over £250 million, TVS has established a new state-of-the-art headquarters and manufacturing facility for Norton in Solihull, UK, breathing new life into the revered brand.

This initiative combines Norton's rich heritage with TVS's engineering scale and global supply chain prowess. The revival is already bearing fruit, with a robust product pipeline that includes new superbikes and adventure-tourers, along with plans for electric platforms. As noted by Professor Sir Ralf Speth, "Under TVS Motor Company's ownership, Norton's global resurgence is now clear. This storied and deeply revered brand is once again delivering a compelling combination of technology, design integrity and dynamism."

This global push also includes strategic acquisitions to bolster its EV capabilities in key regions. The company integrated assets from Singapore's ION Mobility to expand its EV presence in Southeast Asia and acquired a majority stake in the Swiss E-Mobility Group (SEMG) to strengthen its technical expertise and supply chain for the European market. These moves underscore a deliberate and well-capitalized strategy to become a dominant force in global mobility.

The ranking from WirtschaftsWoche, a publication widely read by institutional investors and corporate leaders across Germany, Austria, and Switzerland, provides powerful external validation of this strategy. It signals to the global financial community that TVS Motor's combination of operational excellence, strategic foresight, and commitment to sustainable practices has created a durable and highly valuable enterprise, setting a new benchmark for its industry peers worldwide.