Brief by Shorts91 Newsdesk / 07:30am on 01 Aug 2025,Friday Business
TVS Motor Company posted a stellar Q1 FY26, with consolidated profit rising 32‑35% to ₹610–642 crore, driven by strong scooter and motorcycle sales across domestic and export markets . Revenue grew ~20%, with scooter sales up 19% and EV units increasing 35% . However, the company warned that China’s export restrictions on rare earth magnets—crucial for EV motors—pose a serious supply‑chain risk. TVS is exploring magnet‑free alternatives and sourcing from other countries to maintain production continuity, even as competitors like Bajaj Auto brace for potential EV output halts by August. (PC: Mint)
