TVS Motor Appoints Peyman Kargar as CEO

TVS Motor Company has announced that Peyman Kargar, currently President of its International Business, will be appointed Director and Chief Executive Officer effective January 27, 2027, succeeding K. N. Radhakrishnan.

Radhakrishnan will continue as Director and CEO until the transition date to ensure continuity, after which he will serve as Non-Executive Director until the company's Annual General Meeting scheduled for July 2027.

TVS Motor's Record FY2025-26 Sales Performance

The change comes as TVS Motor builds on record performance, having sold 5.9 million vehicles globally in FY2025-26 with 30% revenue growth, the company said.

Peyman Kargar's Track Record and New Mandate

Kargar has more than three decades of global automotive leadership experience across Europe, Asia, Africa and the Middle East, spanning product development, manufacturing, quality, sales and marketing. Under his leadership, the International Business division has grown to contribute 29% of TVS Motor's sales volume, expanding at 33%.

In his new role, Kargar will lead the company's focus on growth in India and globally through product innovation, premiumisation and expansion into developed markets, the company said.

TVS Motor Leadership on the CEO Transition

Sudarshan Venu, Chairman of TVS Motor Company, said: "This appointment marks an important step for TVS Motor Company as we prepare for the future. Peyman is an accomplished global leader with deep industry experience, strategic vision and a strong understanding of customers and markets. As President, International Business, he has already made a meaningful contribution to our business, and I am confident he is the right person to lead TVS Motor Company and further strengthen our position among the world's leading mobility companies."

"I would also like to thank K. N. Radhakrishnan for his outstanding contribution to TVS Motor Company and the wider TVS VENU group over many years. His leadership, passion, and commitment have helped shape the company into the strong organisation it is today. I am personally grateful for his valuable counsel, guidance and support," Venu added.

Kargar said: "It is a privilege to be appointed as Chief Executive Officer of TVS Motor Company. Building on our momentum, we are entering into a new phase of growth, expanding our presence and further consolidating our position in India and global markets. As we do so, the guiding principles of the TVS Way and its values will always be the North Star. I will be focused on realising the company's vision and strengthening our technology leadership, AI capabilities, commitment to quality, and customer centricity. Together, these principles have helped create a culture where individuals and teams can thrive, innovate and deliver exceptional outcomes. I look forward to working closely with our teams in India and around the world to strengthen our position in key markets, deliver for our customers and build on the foundations we have created."

Radhakrishnan said: "It has been a privilege to serve TVS Motor Company as CEO and work alongside an exceptional team. I am grateful for the support, commitment and dedication of colleagues across the business, whose efforts have shaped the company that we are today. I am confident Peyman will lead TVS Motor Company with distinction and wish him every success in the role and I look forward to supporting a smooth transition over the coming months."