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TVS Motor picks Peyman Kargar as next CEO
Business Standard··28 Aug
TVS Motor on Friday named Peyman Kargar as its next chief executive officer, effective January 27, 2027, succeeding K N Radhakrishnan. Kargar currently heads international business, a unit that contributes 29% of TVS Motor's sales and is growing at 33%. Radhakrishnan will continue until the transition and then serve as non-executive director. TVS Motor sold 5.9 million vehicles in FY2025-26.
Prism
What It Means For You
- Kargar will be based in Bengaluru from January 2027, as TVS Motor pushes deeper into overseas markets under his watch.
- TVS Motor customers and dealers see no immediate change, since Radhakrishnan continues as CEO through the transition period.
- The leadership change comes as TVS Motor's international business, already 29% of sales, is set to keep growing under Kargar.
What's Happening
- Kargar previously led INFINITI, Nissan's luxury brand, as global chairman and president, growing its volumes by 20% over three years.
- He has also held leadership roles at Renault and DATSUN across Europe, Asia, Africa and the Middle East.
- TVS Motor Chairman Sudarshan Venu said Kargar has 'deep industry experience, strategic vision' and thanked Radhakrishnan for his contributions.
TVS Motor's Global Playbook
- TVS Motor's international business is growing at 33%, faster than its overall sales, as the company expands into developed markets.
- Kargar joined TVS Motor in 2025 after leaving INFINITI, where he had set the brand on a path to $1 billion in annual profit.
- TVS Motor recorded a record year in FY2025-26, selling 5.9 million vehicles worldwide with 30% revenue growth.
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