TVS Motor Company has appointed Peyman Kargar as its Director and Chief Executive Officer, marking a planned leadership transition as the two- and three-wheeler maker looks to build on record sales, accelerate international expansion and deepen its focus on technology and premium products.
Kargar, currently President of International Business at TVS Motor, will assume the new role on January 27, 2027. He will succeed K. N. Radhakrishnan, who will remain in his current position until the transition and subsequently serve as a Non-Executive Director until the company’s ensuing Annual General Meeting in July 2027.
The appointment comes at a time when TVS Motor is expanding beyond its established Indian market and increasing the contribution of overseas operations to its overall business. The company, part of TVS VENU, reported record performance in fiscal 2025-26, selling 5.9 million vehicles globally and recording 30% revenue growth.
Kargar’s appointment also underscores the importance of international markets to the company’s next stage of expansion. Under his leadership, TVS Motor’s International Business has grown into a larger contributor to overall sales. The unit currently accounts for 29% of the company’s sales volume and is growing at 33%.
Kargar brings more than three decades of experience in the global automotive industry, with leadership roles spanning Europe, Asia, Africa and the Middle East. His experience covers multiple parts of the automotive value chain, including product development, research and development, manufacturing, quality, sales and marketing.
That breadth could become particularly relevant as TVS Motor seeks to compete across a wider range of markets and customer segments. The company has increasingly emphasized premiumisation, product innovation and expansion into developed markets as part of its growth strategy.
In his new role, Kargar is expected to lead the company’s efforts to expand its presence in India while pursuing further growth internationally. His agenda will include strengthening technology capabilities, developing new products and expanding the company’s premium portfolio.
Sudarshan Venu, Chairman of TVS Motor Company, described the appointment as an important step in preparing the company for its next phase of growth. He highlighted Kargar’s international experience, understanding of customers and markets, and contribution to the company’s overseas business.
Venu also emphasized the importance of maintaining TVS Motor’s organizational values and culture as the company expands. He said Kargar would build on the company’s existing foundation while pursuing its broader vision around mobility solutions that are responsible, sustainable and safe.
The transition also provides continuity at the top of the organization. Radhakrishnan has led TVS Motor through a period of significant growth and international expansion, with the company increasing its scale across multiple markets and strengthening its position in the global two- and three-wheeler industry.
Radhakrishnan said he was confident Kargar would lead the company successfully and would support the transition over the coming months. His subsequent role as a Non-Executive Director will allow the company to retain his experience during the transition period.
For Kargar, the move comes with a mandate that extends beyond geographic expansion. He said his priorities would include strengthening TVS Motor’s technology leadership, artificial intelligence capabilities, quality standards and customer focus.
The emphasis on AI and technology reflects a broader shift in the mobility industry, where manufacturers are investing in connected vehicles, software, advanced manufacturing and data-driven product development. For TVS Motor, these capabilities are increasingly relevant as it competes in both conventional and emerging mobility segments.
Kargar said the company’s growth would continue to be guided by the “TVS Way” and its values, while emphasizing collaboration between teams in India and international markets.
The leadership change therefore arrives at an inflection point for TVS Motor. With international operations representing nearly three-tenths of sales volume and growing rapidly, the company’s global footprint is becoming a more significant component of its overall growth equation.
The challenge for Kargar will be to sustain that momentum while balancing expansion with profitability, product quality and the demands of increasingly competitive mobility markets. The company’s focus on premiumisation and developed markets could also expose it to new competitive dynamics, where established global manufacturers and emerging electric-mobility players are investing heavily in technology and product innovation.
As Kargar prepares to take over in January, TVS Motor enters the transition with strong operating momentum and an increasingly international business. The coming year will determine how effectively the new leadership converts that momentum into sustained growth across both established and newer markets.
