Sales Performance Summary

Overall Sales Performance:

  • Q1 FY27 total sales (domestic & international): 1,08,488 units
  • Q1 FY26 total sales: 85,606 units
  • Year-over-year growth: 27%
  • June 2026 sales: 40,805 units
  • June 2025 sales: 30,238 units
  • Monthly year-over-year growth: 35%

Segment-wise Breakdown (Q1 FY27 vs Q1 FY26):

  • HCV Trucks: 26,491 units (vs 21,735 units) - 22% growth
  • ILMCV Trucks: 16,971 units (vs 14,497 units) - 17% growth
  • Passenger Carriers: 18,540 units (vs 15,089 units) - 23% growth
  • SCV cargo and pickup: 38,346 units (vs 28,251 units) - 36% growth
  • Total CV Domestic: 1,00,348 units (vs 79,572 units) - 26% growth
  • International Business: 8,140 units (vs 6,034 units) - 35% growth

Monthly Segment Performance (June 2026 vs June 2025):

  • HCV Trucks: 9,645 units (vs 7,359 units) - 31% growth
  • ILMCV Trucks: 6,186 units (vs 4,863 units) - 27% growth
  • Passenger Carriers: 7,040 units (vs 5,658 units) - 24% growth
  • SCV cargo and pickup: 13,728 units (vs 10,056 units) - 37% growth
  • Total CV Domestic: 36,599 units (vs 27,936 units) - 31% growth
  • International Business: 4,206 units (vs 2,302 units) - 83% growth

Additional Performance Metrics:

  • Domestic MH&ICV sales June 2026: 16,327 units (vs 12,871 units June 2025) - 27% YoY growth
  • Q1 FY27 Domestic MH&ICV: 44,571 units (vs 37,370 units Q1 FY26) - 19% YoY growth
  • Domestic & International MH&ICV June 2026: 18,063 units (vs 14,027 units June 2025) - 29% YoY growth
  • Q1 FY27 Domestic & International MH&ICV: 48,062 units (vs 40,401 units Q1 FY26) - 19% YoY growth
  • EV volumes: 4.4X YoY growth in Q1 FY27

Management Commentary

Girish Wagh, MD & CEO stated that the company commenced FY27 with positive doubledigit growth each month of Q1. Despite geopolitical uncertainties, sales reflected healthy industry fundamentals and sustained demand across segments.

Segment-specific drivers mentioned:

  • HCV growth led by increased freight availability, infrastructure and mining activity
  • ILMCV demand supported by e-commerce, FMCG, courier and parcel segments
  • SCVPU momentum improving in last-mile mobility, with electric SCVs and pick-ups achieving ~10% salience in May and June
  • Passenger segment demand strong due to school transport and Government orders

Strategic Initiatives:

  • Customer interest in electric heavy trucks strengthening with ecosystem-led approach
  • Commenced shipments for Indonesia order
  • Gradually resuming supplies to Middle East after two-month pause

Outlook:

  • Commodity pressures expected to persist
  • Momentum expected to continue with gradual improvement in customer sentiment
  • Growth drivers: auto and port logistics, e-commerce and core sectors
  • Monsoon remains a key monitorable
  • Strong market acceptance of refreshed portfolio and focus on customer engagement positioned for sustained growth

Corporate Background

Tata Motors Limited (formerly TML Commercial Vehicles Limited) is part of the USD 180 billion Tata Group and is India's largest manufacturer of utility vehicles, pick-ups, trucks, and buses. The company operates in India and South Korea, with global presence across Africa, Middle East, Latin America, Southeast Asia, and SAARC countries.

Name Change Information: As per Composite Scheme of Arrangement sanctioned by NCLT Mumbai Bench, the company's name changed from TML Commercial Vehicles Limited to Tata Motors Limited effective October 29, 2025.