TVS Motor Company declares ₹12 per share interim dividend; check record date

In a regulatory filing, the company said that its board of directors, at a meeting held on March 24, declared an interim dividend of ₹12 per share, at a rate of 1,200%, on 47,50,87,114 equity shares of ₹1 each fully paid up, absorbing a sum of ₹570 crore.

TVS Motor Company dividend: Record date

The record date for determining the entitlement of the equity shareholders for the latest dividend is Tuesday, March 31, 2026.

"The dividend payment will be made within a period of 30 days from the declaration of the interim dividend, as provided in the Companies Act, 2013," the firm added.

Recent development

In a regulatory filing dated March 12, the Chennai-based firm announced the launch of TVS Orbiter V1, an electric two-wheeler scooter with 1.8 kWh.

"The company also introduced Battery-As-A-Service (BaaS) across its EV portfolio, offering customers a new and flexible ownership model," it added.

It noted that with the addition of TVS Orbiter V1 and the introduction of Battery-As-A-Service, its EV scooter range will start at ₹49,999 (ex-showroom Delhi, inclusive of PM e-Drive).

"The BaaS model lowers the upfront cost, while offering customers long-term battery assurance and peace of mind. Customers who prefer the TVS Orbiter V1 without BaaS can purchase it at ₹84,500 (ex-showroom Delhi, inclusive of PM e-Drive)," the filing added.

TVS Motor Company Fed update

The automobile firm reported a 31% year-on-year (YoY) increase in its sales to 529,308 units in February 2026, compared to 403,976 units in the corresponding period of the previous fiscal year.

Its two-wheeler sales advanced 30% YoY to 507,862 units during the month under review, as against 391,889 units in February 2025.

Its domestic two-wheeler sales stood at 365,471 units, marking a 32% YoY jump from 276,072 units in the year-ago period.

Shares of the company closed 1.97% higher at ₹3,479.70 per unit on the National Stock Exchange (NSE) on Tuesday. However, the dividend was announced after the market closed.

TVS Motor Company has a total market capitalisation of ₹8.28 lakh crore, as of March 24, 2026, according to data on the NSE.