TVS Motor Company Appoints Peyman Kargar as Director and CEO

TVS Motor Company has announced that Peyman Kargar will take over as Director and Chief Executive Officer, effective January 27, 2027. He will succeed K. N. Radhakrishnan, who will serve as Non-Executive Director until July 2027 following a transition period.

BENGALURU — TVS Motor Company has announced a leadership transition with the appointment of Peyman Kargar as Director and Chief Executive Officer. The appointment is scheduled to take effect on January 27, 2027.

Peyman Kargar will succeed K. N. Radhakrishnan, who will continue in his current role until the transition date to ensure operational continuity. Following this, Radhakrishnan will serve as a Non-Executive Director until the upcoming Annual General Meeting in July 2027.

The announcement follows a period of strong business performance for the company. During FY2025-26, TVS Motor Company reported global sales of 5.9 million vehicles and achieved 30% revenue growth, as it looks to consolidate its market position in India and expand internationally.

Peyman Kargar currently serves as the President of International Business at TVS Motor Company. He brings over thirty years of automotive leadership experience across Europe, Asia, Africa, and the Middle East, having worked across product development, R&D, manufacturing, quality, sales, and marketing.

Under his leadership, the international business segment has grown to contribute 29% of the company's total sales volume with a growth rate of 33%. In his new capacity as CEO, Kargar will oversee the company's domestic and global growth strategies, which focus on product innovation, premiumisation, and expansion into developed markets.

Sudarshan Venu, Chairman of TVS Motor Company, noted that the appointment comes as the company prepares for its next phase of growth. Venu acknowledged the contributions of K. N. Radhakrishnan in shaping the organisation over many years and expressed confidence in Kargar's ability to lead the company's global mobility initiatives.

Commenting on his new role, Peyman Kargar stated that he aims to focus on realizing the company's vision, strengthening technology leadership, enhancing AI capabilities, and maintaining a commitment to quality and customer centricity.

TVS Motor Company operates four manufacturing facilities across India and Indonesia and distributes products to over 90 countries. The company is part of TVS VENU and includes the UK-based motorcycle brand Norton Motorcycles within its group.

"Planned leadership transitions are critical for established manufacturing companies that operate at a global scale. TVS Motor Company's decision to announce a successor well in advance ensures operational stability and maintains confidence among stakeholders. As the automotive sector shifts toward advanced technologies and global expansion, having leadership with deep international experience across the value chain positions the company to sustain its recent financial momentum and navigate future market demands effectively." — Dr. Shishir Gupta, Founder & CEO, StartupLanes