As part of a rejig of its domestic and international operations, TVS Motor Company on Friday elevated longtime promoted Aniruddha Haldar to head its Indian two-wheeler business, while assigning expanded responsibilities to three other senior executives, Autocar Professional reported. The changes also mark the impending departure of Gaurav Gupta, President of the India 2W Business, who will leave the company on December 24, 2026, to pursue an external opportunity.
Haldar's elevation takes effect immediately, placing him in charge of the company's petrol and electric two-wheeler operations in India. The wider restructuring comes ahead of another significant management transition: Peyman Kargar, currently President, International Business, is due to succeed K N Radhakrishnan as CEO on January 27, 2027.
Also read: TVS Motor to Expand Annual Two-Wheeler Capacity to 8.3 Million Units by Q4 FY27
Kargar will take responsibility for the company's domestic and overseas operations, bringing both businesses under a single leadership structure.
Haldar's Expanded Role
Haldar, who joined TVS Motor in 2011, has spent much of his tenure handling marketing responsibilities across scooters, commuter motorcycles and the company's corporate brand. He now takes over as Senior Vice President, People Mobility, with oversight of the Indian two-wheeler business.
The change does not affect the existing leadership of the premium motorcycle division. Vimal Sumbly will continue to head the premium two-wheeler business, reporting to Haldar.
The restructuring also distributes additional responsibilities among three executives. A. Rajkumar, Senior Vice President, Business Planning, will retain his current portfolio and take charge of special projects relating to the overseas business in the Asian region.
Madhu Prakash Singh, Vice President, International Business, will add new mobility projects to his existing responsibilities. Sheikh Mohammed Imran, Associate Vice President, Retail Transformation (India), will extend his retail transformation mandate to international markets. All four executives, including Haldar, will report to Kargar under the new arrangement.
The leadership change places Haldar at the helm of a business that has been delivering strong volume growth. TVS Motor's domestic two-wheeler dispatches increased 22% year on year to 5.15 lakh units in October. The company also led India's electric two-wheeler market in terms of retail registrations during the month.
Gupta's exit comes less than two years after he joined TVS Motor in February 2025. Before moving to the company, he was Deputy Managing Director and Chief Growth Officer at JSW MG Motor India, where he helped establish its commercial operations.
His earlier assignments included leading Bridgestone's Indonesian business and overseeing General Motors' operations in Indonesia and Vietnam.
Kargar To Oversee International Operations
While Kargar is set to become CEO in January, the company has yet to finalise who will take charge of the international business. He will continue to oversee overseas operations directly as TVS evaluates candidates from within and outside the organisation for the position.
International markets have emerged as an important contributor to the company's sales growth. TVS Motor's overseas sales climbed 51 per cent year on year to 1.75 lakh units in October. For the September quarter, international sales stood at 5.39 lakh units, registering growth of 35%.
Kargar joined TVS Motor in March 2025 to lead its international business from Dubai. His automotive career spans more than three decades, including a stint at Nissan, where he headed its luxury brand Infiniti.
Radhakrishnan's transition will bring to a close his tenure as the company's CEO, a position he has held since 2008. Following the handover, he will move into a non-executive board role and continue until the annual general meeting scheduled for July 2027.
The succession process is part of a broader effort by Chairman Sudarshan Venu over the past two years to expand the responsibilities of executives within the organisation.
The management changes follow a strong September quarter for TVS Motor, which reported its highest-ever quarterly vehicle sales at 19 lakh units in FY27's second quarter. Volumes were up 27 per cent from the year-ago period.
The increase in sales was accompanied by higher revenue and profitability. Standalone revenue rose 44 per cent to ₹17,103 crore, while net profit increased 52 per cent to ₹1,377 crore.
October also saw the company maintain its growth trajectory. Total vehicle sales rose 29 per cent year on year to slightly more than 7 lakh units, while electric two-wheeler dispatches more than doubled to 71,382 units.
Its position in the global two-wheeler market has also improved. TVS Motor moved ahead of Yamaha in calendar year 2025 to become the world's third-largest two-wheeler manufacturer by volume. It sold 54.6 lakh units during the year, compared with approximately 50 lakh units for Yamaha.
The company maintained its third-place position through August 2026. Its global sales grew 18.3 per cent in the first eight months of the year, against growth of 8.9 per cent for the overall global market. Yamaha recorded a 6.2 per cent increase during the same period, according to MotorCyclesData.
For Kargar, the immediate priority as CEO will be to sustain the pace of growth in TVS Motor's two-wheeler business while maintaining the expansion of its other operations in domestic and international markets.
