Following the transition, Radhakrishnan will serve as Non-Executive Director up to the date of the ensuing AGM scheduled in July 2027. He has been a tremendous leader and played a pivotal role in the growth of TVS Motor Company, the company said in a statement.
The leadership transition comes as TVS Motor Company builds on strong business performance and continues to consolidate its position in India and expand its global presence, it added.
Peyman currently serves as President, International Business. He brings more than three decades of global automotive leadership experience across Europe, Asia, Africa and the Middle East, having held senior leadership positions with some of the automotive industry’s most recognised global brands, the company said.
His experience spans the full value chain, from product development and R&D to manufacturing, quality, sales and marketing, giving him significant insight into the factors that drive long-term success in the mobility industry. Under his leadership, International Business has become an increasingly important contributor to TVS Motor Company’s global expansion. Today, the business contributes 29 per cent of the company sales volume and is growing at 33 per cent, TVS Motor said.
In his new role, he will lead the company as it focuses on further growing its business in India and globally through product innovation, premiumisation and expansion into developed markets.
“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,” Sudarshan Venu, Chairman, TVS Motor Company, said.
“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,” he said.
“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,” Sudarshan Venu, 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.
“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, “ Radhakrishnan said.
KN Radhakrishnan was the Director and Chief Executive Officer of TVS Motor Company since October 2018. He was instrumental in expanding the operations of the Company internationally including setting up a plant in Indonesia in 2007 and entering the three-wheeler segment in 2008.