TVS Motor appoints Peyman Kargar as CEO; K N Radhakrishnan to become non-executive director from 2027

TVS Motor Company on Friday appointed Peyman Kargar as Director and Chief Executive Officer, effective January 27, 2027. Kargar currently serves as President, International Business, at the company. Kargar will succeed K N Radhakrishnan, who will continue as Director and CEO until January 27 to ensure a smooth transition. Radhakrishnan will then serve as Non-Executive Director until the company's ensuing Annual General Meeting (AGM), scheduled for July 2027.

The leadership change comes as TVS Motor looks to build on its recent growth in India and overseas markets. In FY2025-26, the company sold a record 5.9 million vehicles globally and reported 30% revenue growth.

Kargar has more than three decades of experience in the global automotive industry, with leadership roles across Europe, Asia, Africa and the Middle East. His experience covers product development, research and development, manufacturing, quality, sales and marketing. As President of International Business, Kargar has helped drive TVS Motor's global expansion. International markets now account for 29% of the company's sales volume and are growing at 33%.

In his new role, Kargar will focus on expanding TVS Motor's business in India and overseas, with a focus on product innovation, premiumisation and expansion into developed markets.

Reacting to the development, the stock fell by 3.39% to ₹4,260.30 at the time of reporting.

What TVS Motor leadership said

Sudarshan Venu, Chairman, TVS Motor Company, said, “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. I am confident that Peyman will continue to build on these values and work towards our vision of transforming the quality of life of people across the world through mobility solutions that are exciting, responsible, sustainable and safe.

"I would also like to thank K N Radhakrishnan for his outstanding contribution to TVS Motor Company and the wider TVS VENU group over many years. His leadership, passion, and commitment have helped shape the company into the strong organisation it is today. I am personally grateful for his valuable counsel, guidance and support," he further continued.

Peyman Kargar, President, International Business, TVS Motor Company, said, "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. As we do so, 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. Together, these principles have helped create a culture where individuals and teams can thrive, innovate and deliver exceptional outcomes. I look forward to working closely with our teams in India and around the world to strengthen our position in key markets, deliver for our customers and build on the foundations we have created."

K N Radhakrishnan, Director and CEO, TVS Motor Company, said, "It has been a privilege to serve TVS Motor Company as CEO and work alongside an exceptional team. I am grateful for the support, commitment and dedication of colleagues across the business, whose efforts have shaped the company that we are today. I am confident Peyman will lead TVS Motor Company with distinction and wish him every success in the role and I look forward to supporting a smooth transition over the coming months."