TVS Motor Company announced on August 28, 2026, that Peyman Kargar will take over as Director and CEO effective January 27, 2027. Incumbent CEO K. N. Radhakrishnan will remain in office until January 27, 2027, subsequently transitioning to a Non-Executive Director role through the July 2027 Annual General Meeting.
BENGALURU — TVS Motor Company Limited (NSE: TVSMOTOR) announced on Friday, August 28, 2026, that its Board of Directors has approved the appointment of Peyman Kargar as Director and Chief Executive Officer, effective January 27, 2027. Present Director and CEO K. N. Radhakrishnan will continue in his current role until January 27, 2027, ensuring a five-month transition phase.
The leadership announcement follows regulatory disclosures submitted to the National Stock Exchange of India and BSE Limited pursuant to SEBI Listing Regulations. Following his tenure as CEO, Radhakrishnan will transition to a Non-Executive Director position, serving until the company’s Annual General Meeting scheduled for July 2027.
Leadership Transition Plan and Five-Year CEO Term Details
According to official filings with stock exchanges, the Board approved Kargar’s appointment for a five-year term starting January 27, 2027, based on recommendations from the Nomination and Remuneration Committee. Kargar currently serves as President - International Business at TVS Motor Company.
Radhakrishnan, who has led the two- and three-wheeler manufacturer through extensive expansion, will remain in key management during the transition period. In FY2025–26, TVS Motor reported record global sales of 5.9 million units and a 30 percent revenue growth, with international operations contributing 29 percent of sales volumes.
Key highlights of the management transition structure include:
Executive Appointment: Peyman Kargar appointed as Director & CEO in the rank of Whole Time Director for five years starting January 27, 2027.
Incumbent Continuity: K. N. Radhakrishnan remains Director & CEO until January 27, 2027.
Board Transition: Radhakrishnan will serve as Non-Executive Director from January 27, 2027, through the July 2027 AGM.
Regulatory Compliance: Approvals completed in accordance with SEBI Listing Obligations and Disclosure Requirements Regulations.
Career Profile of Incoming Chief Executive Peyman Kargar
Peyman Kargar brings over 30 years of global automotive experience across Europe, Asia, Africa, and the Middle East. Prior to joining TVS Motor Company, he held senior executive positions across major international automotive brands:
INFINITI (Nissan Motor Co.): Global Chairman & President through March 2023, where he led global value chain operations and drove a 20 percent volume increase.
Nissan Regional Leadership: Chairman and Senior Vice President for Nissan’s Africa, Middle East, and India region, while also serving as CEO of Datsun.
Renault Group: Vice President of Sales & Marketing overseeing 50 countries with a €4 billion turnover between 2014 and 2017.
Education: Holds an MBA from London Business School and a degree in Mechanical Engineering from INSA de Lyon.
Strategic Impact on Mobility Markets and Investors
The planned succession comes as TVS Motor accelerates premium vehicle manufacturing, electric vehicle adoption, and geographic expansion into developed markets:
For Shareholders & Investors: Clear multi-month leadership handoff eliminates executive uncertainty and maintains continuity after strong FY26 growth metrics.
For Global Operations: Kargar’s international automotive background aligns with the company's objective to expand sales networks beyond its existing 90-country global footprint.
For Automotive Consumers: Focus remains centered on product premiumisation, technological innovation, and sustainable mobility solutions.
Official Sources Section
Management changes, meeting schedules, and executive background details cited in this news report originate from official announcements released by:
Quote Section
According to Sudarshan Venu, Chairman of TVS Motor Company:
"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."
According to incoming CEO Peyman Kargar:
"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."
According to outgoing CEO K. N. Radhakrishnan:
"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 and I look forward to supporting a smooth transition over the coming months."
Why It Matters
The succession plan establishes long-term leadership stability for TVS Motor Company as it balances domestic market leadership with global expansion. Leveraging Kargar’s extensive experience in multinational automotive turnarounds positions the brand to expand premium two-wheeler operations, including UK-based subsidiary Norton Motorcycles, in international markets.
Key Facts at a Glance
New CEO Appointed: Peyman Kargar to assume Director & CEO role on January 27, 2027.
Term Length: Board approves 5-year executive term for Kargar.
Outgoing CEO Tenure: K. N. Radhakrishnan serves as CEO through January 27, 2027.
Subsequent Role: Radhakrishnan transitions to Non-Executive Director until July 2027 AGM.
Frequently Asked Questions (FAQ)
Q1: When does Peyman Kargar officially take over as CEO of TVS Motor Company?
A: Peyman Kargar will assume the role of Director & Chief Executive Officer on January 27, 2027.
Q2: What will K. N. Radhakrishnan's role be during the transition?
A: K. N. Radhakrishnan will continue as Director & CEO until January 27, 2027, after which he will serve as a Non-Executive Director until the July 2027 Annual General Meeting.
Q3: What experience does Peyman Kargar bring to TVS Motor Company?
A: Kargar has over 30 years of global automotive leadership experience, including past roles as Global Chairman & President of INFINITI, Chairman for Nissan's Africa, Middle East, and India region, and President of International Business at TVS Motor.
Source: TVS Motor Company Limited, National Stock Exchange of India, BSE Limited, Securities and Exchange Board of India.
