| Motor vehicles | Manufacture and sale of two and three wheelers, electric bikes and premium motorcycles globally. | Strong brand portfolio, established dealer network, technology partnerships, and global footprint. | B2C and B2B—individual consumers, dealerships, international distributors. | Premium motorcycles and electric mobility solutions. | 37733 | 83 | Product sales, brand management fees, and subsidiary dividends. | Direct sales through dealers, retail pricing, and wholesale exports. | Rural demand growth, EV segment expansion, new model launches, and international market entry. | TVS Motor Company, Norton Motorcycles, Swiss E-Mobility Group, EBCO Ltd |
| Financial Services | Retail vehicle financing, personal unsecured loans, gold loans and digital finance services. | Deep rural reach, strong underwriting, regulatory compliance, and diversified loan products. | Primarily B2C serving self-employed, new-to-credit customers in semi-urban and rural India. | Personal unsecured loans and consumer durable finance portfolios. | 6872 | 15 | Interest income, loan origination fees, and servicing charges. | Interest-bearing loans with structured repayment, digital platforms for ease of access. | Credit penetration growth, RBI rate cuts, rising disposable incomes, and fintech adoption. | TVS Credit Services, Home Credit India Finance, Harita ARC |
| Others | Digital IT services and emerging mobility related businesses. | Integration with group companies, innovation focus, and emerging market expertise. | B2B clients in digital services and emerging mobility customers. | Digital and technology services. | 427 | 2 | Service revenues and investments in tech startups. | Project based, subscription and licensing arrangements. | Digital transformation, strategic acquisitions, and expanding mobility trends. | TVS Digital Limited, Emerging mobility ventures |
