The country’s two biggest two-wheeler manufacturing companies, TVS Motor and Bajaj Auto, have given new energy to the auto sector by performing brilliantly in the first quarter of the financial year 2026-27. Both companies have recorded record revenues and profits. Thanks to strong demand in the domestic market, GST relief and sharp growth in exports, companies have presented better than expected results. However, companies have also expressed concern over risks like monsoon and rising inflation.
TVS Motor reported excellent financial results in the first quarter. The company’s consolidated revenue increased by 34% to Rs 16,453 crore. At the same time, net profit jumped by 65% to Rs 1,057 crore. Company CEO K.N. Radhakrishnan said the demand in the market remains strong due to GST relief, income tax benefits and better purchasing power of customers. He believes that the same pace may continue in July, August and September also.
Bajaj Auto also showed strong earnings
Bajaj Auto also performed well in the first quarter. The company’s revenue increased by 65% to Rs 21,688 crore, while net profit increased by 44% to Rs 3,188 crore. Rakesh Sharma, joint managing director of the company, said that this quarter was not easy. Inflation, supply chain issues and tensions in West Asia impacted logistics, but the company still recorded strong sales.
Got big support from domestic and foreign markets
Bajaj Auto sold 12.2 lakh two-wheelers in the first quarter. Domestic sales increased by 11% to about 5.86 lakh units, while exports increased by 52% to 6.36 lakh units. At the same time, domestic sales of TVS Motor increased by 27% to 14.2 lakh units and sales in the international market increased by 33% to 4.7 lakh units. Both the companies say that the continuously increasing demand in foreign markets is giving new strength to their business.
Focus on electric vehicles and increasing production capacity
Both companies are now increasing production capacity in view of future demand. Bajaj Auto is set to increase its total production capacity from 70 lakh to 90 lakh units in the next few quarters. This will include petrol bikes, electric vehicles and three-wheelers. On the other hand, TVS Motor is going to increase the monthly production capacity of its electric scooters from 40 thousand to 50 thousand units. The company is also working on plans to strengthen its presence in Latin America and Asian countries.
Input- PTI
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