Bengaluru: Peyman Kargar has been appointed Director and Chief Executive Officer of TVS Motor Company, part of TVS VENU and a leading global manufacturer of two- and three-wheelers. Peyman Kargar will take charge as Director and CEO effective January 27, 2027.
Peyman Kargar will succeed K. N. Radhakrishnan, who will continue as Director and Chief Executive Officer until January 27, 2027, to ensure a seamless leadership transition.
Following the transition, Radhakrishnan will serve as Non-Executive Director until the ensuing Annual General Meeting (AGM), scheduled for July 2027.
The appointment of Peyman Kargar comes as TVS Motor Company prepares for its next phase of growth and innovation while building on its business performance in India and international markets.
In FY2025-26, TVS Motor Company recorded a performance, selling 5.9 million vehicles globally and delivering 30% revenue growth. The company has continued to consolidate its position in India while expanding its global presence.
Peyman Kargar Brings Over Three Decades of Automotive Experience
Peyman Kargar currently serves as President, International Business at TVS Motor Company. He brings more than three decades of global automotive leadership experience across Europe, Asia, Africa and the Middle East.
During his career, Peyman Kargar has held senior leadership positions with some of the automotive industry’s most recognised global brands.
His experience covers the full automotive value chain, including product development and research and development, manufacturing, quality, sales and marketing.
This experience gives Peyman Kargar significant insight into the factors that drive long-term success in the mobility industry.
Under Peyman Kargar’s leadership, TVS Motor Company’s International Business has become an increasingly important contributor to the company’s global expansion. The business currently contributes 29% of the company’s sales volume and is growing at 33%.
In his new role as CEO, Peyman Kargar will lead TVS Motor Company as it focuses on further expanding its business in India and global markets. The company’s growth strategy will include product innovation, premiumization and expansion into developed markets.
Also Read: Ramesh Krishnan Appointed Independent Director at Redcliffe Labs
Sudarshan Venu, Chairman, TVS Motor Company, said the appointment of Peyman Kargar marks an important step for the company as it prepares for the future.
“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.
“At TVS Motor Company, our values and culture are fundamental to who we are and how we operate. 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 organization it is today. I am personally grateful for his valuable counsel, guidance and support.”
Peyman Kargar to Focus on Technology, AI and Customer Centricity
Commenting on his appointment, 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.”
Peyman Kargar said the TVS Way and the company’s values would remain the guiding principles as TVS Motor Company enters this next phase.
“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 realizing 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 to Continue as CEO Until January 2027
K. N. Radhakrishnan will remain Director and Chief Executive Officer of TVS Motor Company until January 27, 2027, when Peyman Kargar takes over the role.
Following the transition, Radhakrishnan will serve as Non-Executive Director until the ensuing AGM scheduled for July 2027.
Radhakrishnan 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.”
The leadership transition involving Peyman Kargar comes as TVS Motor Company continues to build on its business momentum, strengthen its international operations and focus on product innovation, premiumization and expansion into developed markets.
