TVS Motor Company has elevated longtime executive Aniruddha Haldar to lead its Indian two-wheeler business with immediate effect, as Gaurav Gupta, President, India 2W Business, will leave TVS Motor Company on December 24, 2026, to pursue an external opportunity, Autocar Professional has learnt. Three other TVS executives will take on additional responsibilities across overseas projects, new mobility and retail transformation.
The appointments follow a two-year push by Chairman Sudarshan Venu to give more responsibility to executives already at TVS. Peyman Kargar, currently President, International Business, will succeed K N Radhakrishnan as CEO on January 27, 2027, and oversee both India and international operations.
Haldar Takes Charge As Three Executives Gain New Responsibilities
Haldar takes over as Senior Vice President, People Mobility, with responsibility for TVS Motor’s petrol and electric two-wheeler business in India. He joined TVS in 2011 and has held senior marketing roles across scooters, commuter motorcycles and the corporate brand. Vimal Sumbly will continue to head the premium two-wheeler business and report to Haldar. U B Pandey will continue in his current sales role.
A. Rajkumar, Senior Vice President, Business Planning, will continue in his current role while additionally taking charge of special projects for the overseas business in the Asian region. Madhu Prakash Singh, also Vice President, International Business, will add new mobility projects to his remit. Sheikh Mohammed Imran, Associate Vice President, Retail Transformation (India), will also oversee retail transformation in international markets. Haldar and the three executives will report to Kargar under the new structure.
Haldar takes over TVS Motor’s largest business by volume. Domestic two-wheeler dispatches rose 22% year on year to 5.15 lakh units in October, when TVS also led India’s electric two-wheeler market by retail registrations.
Gupta joined TVS in February 2025 as President of the Indian two-wheeler business. He was previously Deputy Managing Director and Chief Growth Officer at JSW MG Motor India, where he helped build the company’s commercial operations. He also ran Bridgestone’s Indonesian business and led General Motors’ operations in Indonesia and Vietnam.
TVS Looks For A New International Business Head
Kargar will retain direct charge of international operations while TVS considers internal and external candidates to lead the division. International sales rose 51% year on year to 1.75 lakh units in October, following a 35% increase to 5.39 lakh units in the September quarter.
Kargar joined TVS in March 2025 to run its international business from Dubai. He has more than three decades of automotive experience, including a stint leading Nissan’s luxury brand Infiniti. Radhakrishnan, who has led TVS Motor since 2008, will move to a non-executive board role after the handover and serve until the annual general meeting scheduled for July 2027.
The Reshuffle Follows A Record Quarter
TVS Motor sold a record 19 lakh vehicles in the September quarter of FY27, up 27% from a year earlier. Standalone revenue rose 44% to ₹17,103 crore and net profit increased 52% to ₹1,377 crore. Total sales rose 29% to just over 7 lakh vehicles in October, with electric two-wheeler dispatches more than doubling to 71,382 units.
TVS overtook Yamaha in calendar 2025 to become the world’s third-largest two-wheeler maker by volume, selling 54.6 lakh units against Yamaha’s roughly 50 lakh. It held third place through August 2026, when its global sales were up 18.3% for the first eight months of the year, more than twice the global market’s 8.9% growth. Yamaha’s sales grew 6.2% over the same period, according to MotorCyclesData.
Kargar’s task as CEO will be to keep TVS’s two-wheeler sales growing ahead of the market while sustaining growth across the company’s other businesses.