NSE: TVSMOTOR · 23 October 2026
- TVS Motor Company Ltd shares declined 0.69% today, settling at ₹3946.70 after moving within a day's range of ₹3898.40 and ₹3987.10.
- TVS Motor Company submitted the scrutinizer's report and voting results for its postal ballot, confirming that shareholders approved the appointment of Mr. Peyman Kargar as Director and Chief Executive Officer in the rank of whole-time director. The appointment is set for a period of five years, taking effect from January 27, 2027. The ordinary resolutions secured robust majority support from both institutional and non-institutional voters.
- Trading volume was 0.96 times the 20-day average daily volume.
Why is Tvs Motor Company share price falling on 23 October 2026?
TVS Motor Company Ltd shares declined 0.69% today, settling at ₹3946.70 after moving within a day's range of ₹3898.40 and ₹3987.10.
The broader market and sector benchmarks mirrored a negative trend, with the Nifty falling 0.90% and the Nifty Auto sector benchmark dropping 0.60%. TVS Motor's movement aligned closely with the broader automotive sector pullback, extending its recent retracement that includes a 5-day return of -1.82% and a 20-day return of -4.55%.
On the corporate front, the company recently announced the postal ballot voting results on October 22, 2026, wherein shareholders overwhelmingly approved the appointment of Mr. Peyman Kargar as Director and Chief Executive Officer in the rank of whole-time director for a five-year term effective January 27, 2027. Additionally, CARE Ratings recently reaffirmed its credit ratings across the company's bank facilities and commercial paper instruments, though these fundamental developments serve as background context rather than proven direct catalysts for today's modest price adjustment.
6.79 lakh shares traded by 23 October 2026 · 03:00 PM IST. This compares with a 20-day average daily volume of 7.05 lakh shares (0.96 times). The five-day average daily volume was 5.26 lakh shares. Separately, the NSE report for 22 October 2026 showed 3.48 lakh shares delivered, representing 56.91% of that day’s traded volume. The same report recorded 58,555 trades.
The stock's decline of 0.69% appears consistent with a broader sectoral downturn led by the Nifty Auto index and recent downward momentum, with no single same-day company-specific trigger identified.
Latest Company Developments
TVS Motor Company submitted the scrutinizer's report and voting results for its postal ballot, confirming that shareholders approved the appointment of Mr. Peyman Kargar as Director and Chief Executive Officer in the rank of whole-time director. The appointment is set for a period of five years, taking effect from January 27, 2027. The ordinary resolutions secured robust majority support from both institutional and non-institutional voters.
This formalizes upcoming leadership transition and governance continuity for the company's strategic growth phase.
CARE Ratings reaffirmed its CARE AAA (Stable) rating on TVS Motor's long-term bank facilities and non-convertible debentures while reaffirming the CARE A1+ rating on its short-term bank facilities and commercial paper issue of ₹500 crore. The rating actions reflect the company's resilient operational and financial performance through fiscal 2026 and the first quarter of fiscal 2027.
Maintains high creditworthiness and supports efficient debt servicing and liquidity management.
TVS Motor Company reported a 24% increase in total sales for September 2026, reaching 672,790 units compared to 541,064 units in September 2025. Two-wheeler sales grew by 23% to 645,955 units, driven by strong domestic demand and a 110% surge in electric vehicle sales, while international business expanded by 48%.
Demonstrates robust volume growth across core domestic and international segments heading into the festive season.
TVS Motor Company Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TVS Motor Company Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 15.58% on 30 September 2026. This compares with 16.29% on 30 June 2026, a change of -0.71 percentage points.
The filing reported 44 MF/UTI holders.
Research & Brokerage Views
Maintains an Overweight stance on TVS Motor, reflecting confidence in its underlying volume growth and market positioning.
Historical Bulk / Block Deals
What to Watch Next
- Upcoming financial results for the quarter ended September 30, 2026, scheduled for October 28, 2026
- Delivery volume and cash market participation trends relative to the 20-day average
- Festive season retail demand and electric vehicle sales performance
- Execution of leadership transition plans ahead of January 2027
Other Dated Coverage
- Tvs Motor Company Share Price Today: Why TVSMOTOR Is Falling 0.47% | 22 October 2026 — 22 October 2026
- Tvs Motor Company Share Price Today: Why TVSMOTOR Is Falling 1.87% | 21 October 2026 — 21 October 2026
- Why TVS Motor Shares Fell 3.41% Today Amid Market Weakness | 1 October 2026 — 1 October 2026
More Tvs Motor Company news and dated analysis →
Frequently Asked Questions
What is the latest Tvs Motor Company company news?
TVS Motor Company submitted the scrutinizer's report and voting results for its postal ballot, confirming that shareholders approved the appointment of Mr. Peyman Kargar as Director and Chief Executive Officer in the rank of whole-time director. The appointment is set for a period of five years, taking effect from January 27, 2027. The ordinary resolutions secured robust majority support from both institutional and non-institutional voters.
How strong was Tvs Motor Company’s trading volume?
6.79 lakh shares traded, 0.96 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:00 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.