Tata Motors reported a strong performance in the second quarter of FY26, with both its commercial vehicles and passenger vehicles divisions registering healthy double-digit growth.

The company said that the festive season boost and the rollout of GST 2.0 in late September triggered a strong revival in demand across segments, making September 2025 one of its best-ever sales months.

Commercial vehicles performance

In Q2 FY26, Tata Motors’ commercial vehicle (CV) sales in domestic and international markets stood at 94,681 units, up 12% from 84,281 units in Q2 FY25.

• HCV Trucks: 24,056 units (up 5% YoY)
• ILMCV Trucks: 16,845 units (up 15% YoY)
• Passenger Carriers: 11,428 units (up 5% YoY)
• SCV Cargo & Pickup: 34,732 units (up 11% YoY)
• Domestic CV sales total: 87,061 units (up 9% YoY)
• CV Exports (IB): 7,620 units (up 75% YoY)

In September alone, CV sales touched 35,862 units, up 19% compared to 30,032 units in September 2024.

Domestic MH&ICV sales reached 41,461 units in Q2, up from 37,372 units last year, while combined domestic and international sales for this category rose to 45,095 units, compared to 39,433 units in Q2 FY25.

“Q2 FY26 was a mixed quarter for the commercial vehicles industry, starting with subdued demand due to monsoons and GST 2.0 anticipation, but ending with a robust recovery from late September,” said Girish Wagh, Executive Director, Tata Motors Ltd. He credited the company’s rapid response in boosting product availability, refining its pricing strategy, and intensifying market activations for driving demand, particularly in the SCV and Pickup portfolio, which grew 30% YoY in September, led by the Ace Pro and Ace Gold+.

Wagh added that with festive demand, rising infrastructure activity, and new product launches, Tata Motors expects “a strong second half for FY26.”

Passenger vehicles performance

The passenger vehicles (PV) business, including EVs, reported its highest-ever quarterly sales with 144,397 units in Q2 FY26, a growth of 10% from 130,753 units in Q2 FY25.

• Domestic PV sales: 140,189 units (up 8% YoY)
• PV Exports (IB): 4,208 units (up 411% YoY)
• EV Sales (Domestic + IB): 24,855 units (up 59% YoY), contributing 17% of total PV sales

September 2025 was a landmark month, with 60,907 units sold (59,667 domestic), representing a 47% YoY growth and the company’s best-ever monthly PV sales.

Key highlights:

• Nexon achieved record-breaking sales of 22,500+ units in September, the highest ever for a Tata Motors passenger vehicle.
• EV sales nearly doubled to 9,191 units in September (up 96% YoY).
• CNG vehicles touched an all-time high of 17,800 units in Q2, up more than 105% compared to last year.
• Harrier and Safari delivered their best-ever combined sales, boosted by the Adventure X edition and expanded powertrain options.
• Punch continued to strengthen its position as one of the leading compact SUV.
• “The passenger vehicle industry saw a sharp upswing post-GST 2.0 rollout, further boosted by festive cheer,” said Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. He highlighted that new bookings doubled in late September following GST rate cuts, with Nexon, Harrier, Safari, and Punch all delivering strong performances.
• Tata Motors also made headway internationally, achieving a five-fold rise in exports, led by its strategic entry into the South African market.

Restructuring Update

Effective October 1, 2025, Tata Motors has demerged its Commercial Vehicles business into TML Commercial Vehicles Limited (TMLCV), while consolidating its Passenger Vehicles business under the parent entity.

From October 14, 2025, after the allotment and listing of TMLCV shares, both Tata Motors and TMLCV will issue independent press releases and financial updates.

With GST reforms lowering costs, festive demand strengthening, and a robust pipeline of product launches, Tata Motors said it is well-positioned for broad-based growth in H2 FY26. The company expects consumption recovery, construction, infrastructure, and mining activities to further fuel demand in both CV and PV segments.

Subscribe to Auto Today Magazine

– Ends