TVS Motor Appoints Peyman Kargar as Director & CEO, K.N. Radhakrishnan to become Non-Executive Director

TVS Motor Company announced a significant change in its leadership structure. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Peyman Kargar as Director & Chief Executive Officer (D & CEO) in the rank of Whole Time Director and Key Managerial Personnel. This appointment will be effective from January 27, 2027, and is for a period of five years. Mr. Kargar, who currently serves as the President of International Business, brings over three decades of global automotive leadership experience. He previously held senior leadership positions with Nissan and Renault Group, including Global Chairman & President of INFINITI and Chairman and Senior Vice President for Nissan’s Africa, Middle East, and India region.

Concurrently, Mr. K. N. Radhakrishnan will continue in his role as Director & CEO until January 27, 2027. Following this transition, he will serve as a Non-Executive Director until the date of the ensuing Annual General Meeting (AGM) scheduled in July 2027. The company highlighted that this leadership transition is intended to support TVS Motor Company's next phase of growth and innovation, building on its strong business performance and expanding global presence. In FY2025-26, the company achieved a record performance, selling 5.9 million vehicles globally and delivering 30% revenue growth. The company also noted that Mr. Peyman Kargar is not debarred from holding the office of Director by any SEBI order or other authority.