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Kargar to become TVS CEO in January
Livemint··2 Sept
Dubai-based Peyman Kargar will take over as TVS Motor chief executive in January from K N Radhakrishnan. Chairman Sudarshan Venu and strategy head Sharad Mohan Mishra are based in Singapore, while Kargar leads international business from Dubai. Siam data shows domestic two-wheeler sales grew 20 percent to 4.2 million units and exports rose 27 percent to 1.4 million in FY2026.
Prism
What It Means For You
- Since Friday's CEO announcement, TVS shares have fallen 5 percent against a 1.9 percent decline in Nifty Auto.
- Kargar will be based in Bengaluru after taking over from Radhakrishnan.
- Nick Rogers serves as president and chief technology officer from Bengaluru and Oxford.
What's Happening
- TVS is placing key strategic roles in Singapore, Dubai and the UK as it expands overseas.
- Kargar joined TVS as president international business in May 2025 from Nissan and Renault.
- The company absorbed nearly Rs 2,000 crore in losses reviving Norton motorcycles.
How Norton Fits The Plan
- TVS acquired Norton in 2020 for Rs 153 crore.
- Norton is preparing phased expansion across the UK, Europe, India and the US in FY2027.
- Autocar Professional data ranked TVS the world's third largest two-wheeler maker.
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