Tata Motors Ltd. (formerly TML Commercial Vehicles Ltd.), part of the USD 180 billion Tata Group, has reported a strong rebound in commercial vehicle (CV) sales in the fourth quarter of FY26, following a subdued first half of the fiscal year.
Quarterly and Monthly Performance
In Q4 FY26, combined domestic and international sales stood at 1,32,465 units, up from 1,05,643 units in Q4 FY25, reflecting a 25% year-on-year (YoY) growth. For March 2026, total sales reached 47,976 units, compared to 41,122 units in March 2025.
Domestic sales of medium and heavy commercial vehicles (MH&ICV) in March 2026 rose to 23,805 units from 20,474 units a year earlier, marking 16% YoY growth. For Q4 FY26, domestic MH&ICV sales reached 64,904 units, up 26% from 51,551 units in Q4 FY25. Combined domestic and international MH&ICV sales in March stood at 24,703 units versus 21,226 units in March 2025 (16% YoY), while Q4 FY26 volumes totaled 68,007 units compared to 53,995 units in the same quarter last year (26% YoY).
Electric vehicle (EV) sales demonstrated a remarkable 59% YoY growth in FY26, underscoring Tata Motors’ strategic push toward sustainable mobility solutions.
Annual Performance FY26
For the full fiscal year, Tata Motors’ total sales volumes rose 14% to 4,28,329 units, from 3,76,903 units in FY25. The growth was driven by broad-based performance across product lines, customer segments, and geographies, reflecting improving freight activity and renewed market confidence in the second half of the year.
Product Portfolio and Strategic Initiatives
During FY26, Tata Motors expanded its portfolio with new product launches, including the Ace Pro and Winger 9S, upgraded its truck range to meet European safety norms (ECE R.029 03), and introduced the Azura range, enhancing competitiveness across key segments.
Leadership Commentary
Mr. Girish Wagh, MD & CEO, Tata Motors Ltd., said, “FY26 saw a subdued first half for the commercial vehicle industry, followed by a decisive recovery in H2. Q4 FY26 volumes of 1,25,562 units are the highest since Q4 FY21, reflecting improved freight activity and renewed customer confidence. While March saw some moderation in growth due to geopolitical developments in West Asia, we remain agile, ensuring uninterrupted logistics support and operational continuity. With a refreshed product portfolio and smart digital solutions, Tata Motors is well positioned to capture emerging opportunities.”
