TVS Motor Company has announced that Peyman Kargar has been appointed as Director and Chief Executive Officer, effective 27 January 2027. He will succeed K. N. Radhakrishnan, who will remain in his role until then to manage a smooth handover before transitioning to a Non-Executive Director post until the AGM in July 2027.
| Executive / Metric | Details & Key Performance Indicators |
|---|---|
| Incoming CEO & Director | Peyman Kargar (Effective 27 January 2027) |
| Outgoing CEO & Director | K. N. Radhakrishnan (Serves until 27 January 2027; Non-Executive Director until July 2027 AGM) |
| FY2025-26 Global Sales | Record 5.9 million vehicles sold globally |
| FY2025-26 Revenue Growth | 30% growth |
| International Business Impact | Contributes 29% of total sales volume; growing at 33% |
Driving Global Strategy and Innovation
Currently serving as President of International Business, Kargar brings over three decades of global automotive experience across Europe, Asia, Africa, and the Middle East. His background spans the entire value chain, including R&D, product development, manufacturing, quality, sales, and marketing.
In his new role, Kargar will focus on driving TVS Motor Company’s next growth phase in India and abroad. Key priorities include:
- Expanding into developed markets and strengthening core positions in key regions.
- Advancing product innovation and premiumisation strategies.
- Accelerating technology leadership and AI capabilities.
- Maintaining a sharp focus on quality, customer centricity, and the guiding principles of the ‘TVS Way’.
Board Support and Transitional Leadership
Sudarshan Venu, Chairman of TVS Motor Company, highlighted that Kargar’s international experience and strategic vision make him the right choice to lead the brand’s global expansion. Venu also praised Radhakrishnan’s immense contribution to both TVS Motor and the wider TVS VENU group over his tenure.
Radhakrishnan expressed confidence in Kargar’s appointment, noting that it has been a privilege to lead the company and confirmation that he will support the business through the transition period over the coming months.
