India's TVS Motor names insider Peyman Kargar as next CEO (updated)

TVS Motor

28/08/2026 06:38

Kargar takes over as CEO on January 27, 2027 
Kargar joined TVS Motor in March 2025, has held senior roles at   Infiniti and Datsun
TVS stock up 13% this year vs auto index's 1.9% gain
Adds analyst comment in paragraphs 5-6 and 7-8
By Kashish Tandon and Bharath Rajeswaran
Aug 28 (Reuters) - India's TVS Motor Company TVSM.NS on Friday named international business head Peyman Kargar as its next chief executive officer, replacing K N Radhakrishnan, who has held the role since 2008.
Kargar's appointment will take effect on January 27, 2027, and Radhakrishnan will remain at the helm of TVS until then, the company said.
The move comes as India's third-largest two-wheeler maker consolidates its position through international expansion and investments in an intensely competitive market, helped by gains in the premium motorcycle segment and a growing EV portfolio. 
Shares of the company fell 4.4% to 4,218 rupees as of 12:19 p.m. IST. However, two analysts said the fall was due to profit-booking in the stock. 
TVS shares have gained more than 13% so far this year, outperforming the auto index's .NIFTYAUTO 1.9% climb.
    "The fall in shares cannot be directly attributed to the news as there has been some profit-booking in the market as well," said Kranthi Bathini, director of equity strategy at WealthMills Securities.
"Naming an insider for the top role is a positive as company insiders are always the better choice for these roles since they are aware of the culture and business model," Bathini said.
Kargar joined TVS Motor in March 2025 to head its international business from Dubai, where he helped drive overseas growth strategy. 
He has over three decades of experience across Europe, Asia and the Middle East, and has held senior leadership positions at Nissan's luxury brand Infiniti and at Datsun.
"Yes it is a positive development. But stock is not reflecting it as it has played out successfully already. While other 2-wheeler majors trade in the range of 20 to 38 in terms of trailing PE, TVS Motors trades around 58. So it seems like profit-booking," said G Chokkalingam, founder and head of research at Equinomics Research.    
Under Kargar's leadership, the international business has become an increasingly important contributor to global expansion, accounting for 29% of sales volume, TVS said.
"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," Chairman Sudarshan Venu said in a statement.
     

 (Reporting by Kashish Tandon and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala, Sonia Cheema and Devika Syamnath)
 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))