TVS Motor Company, a leading manufacturer of two- and three-wheelers, has announced the appointment of Peyman Kargar as its new Director and Chief Executive Officer. Kargar, who currently serves as the President of International Business, is set to formally assume his new responsibilities on January 27, 2027.
This strategic leadership change comes as the Bengaluru-based company aims to accelerate its global expansion and enhance product innovation. Kargar will succeed K. N. Radhakrishnan, who will remain in his current role through the transition period to ensure a seamless handover. Following this, Radhakrishnan will serve as a Non-Executive Director until the company's Annual General Meeting in July 2027.
Experienced Leadership for Global Growth
Peyman Kargar brings over three decades of extensive global automotive experience to his new role. His expertise spans critical areas including product development, research and development (R&D), manufacturing, quality control, sales, and marketing across diverse markets in Europe, Asia, Africa, and the Middle East.
Under Kargar's leadership, TVS Motor's international division has emerged as a significant growth engine, now contributing 29% of the company's total sales volume and achieving a 33% growth rate.
Sudarshan Venu, Chairman of TVS Motor Company, commented, "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."
In his new capacity, Kargar will focus on reinforcing TVS Motor's domestic market position, expanding into new developed markets, advancing its artificial intelligence (AI) capabilities, and driving product premiumisation across its portfolio.
Strong Performance and Future Vision
The announcement follows a period of robust operational momentum for TVS Motor Company. In the fiscal year 2025-26, the company reported record-breaking performance, selling 5.9 million vehicles worldwide and achieving a substantial 30% increase in revenue.
Expressing his gratitude, Kargar stated, "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. 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."
Outgoing CEO K. N. Radhakrishnan also voiced his confidence in Kargar, noting, "It has been a privilege to serve TVS Motor Company as CEO and work alongside an exceptional team. I am confident Peyman will lead TVS Motor Company with distinction and wish him every success in the role."