TVS Motor Company (532343) AGM 2025 summary

Opening remarks and agenda

• Meeting convened with 83 shareholders present and requisite quorum established; six agenda items outlined, including statutory requirements, Board introductions, Chairman's speech, shareholder resolutions, Q&A, and official conclusion.

• AGM held via video conferencing in compliance with regulatory guidelines; statutory and secretarial audit reports circulated and free from qualifications.

Board and executive committee updates

• Board members introduced, including Chairman Emeritus, Managing Director, CEO, and committee chairs for Audit, Stakeholder Relationship, Nomination and Remuneration, and Risk Management.

• Sudarshan Venu welcomed as new Chairman, with outgoing Chairman expressing confidence in his leadership.

Financial performance review

• Sales reached 4.74 million units, up 30% year-on-year; revenue hit INR 36,309 crore, highest ever.

• Profit before tax rose 31% to INR 3,629 crore; TVS Credit serves over 19 million customers and is expanding.

• Electric two-wheeler sales grew 45%; ICE portfolio grew 12%, outpacing industry.

• Two-wheeler exports rose 22.8% to 1.09 million units, with strong demand in Africa and Latin America.

• R&D investment exceeded INR 1,000 crore for the first time, with over 2,000 engineers driving innovation.