Tata Motors Q2 Sales Up 42.7% YoY to 135,114 Units

Tata Motors Limited reported its sales performance for Q2 FY27 and September 2026, showing strong year-on-year growth across all business segments.

Quarterly Performance (Q2 FY27 vs Q2 FY26):

Total sales in domestic and international markets: 135,114 units vs 94,681 units (42.7% YoY growth)
H1 FY27 volumes reached 243,602 units, representing 35.1% year-on-year growth

Monthly Performance (September 2026 vs September 2025):

Total sales in domestic and international markets: 51,062 units vs 35,862 units (42.4% YoY growth)

| HCV Trucks | 14,171 | 9,870 | 43.6% | 33,756 | 24,056 | 40.3% |

| ILMCV Trucks | 7,990 | 6,066 | 31.7% | 20,949 | 16,845 | 24.4% |

| Passenger Carriers | 4,816 | 3,102 | 55.3% | 15,455 | 11,428 | 35.2% |

| SCV cargo and pickup | 16,510 | 14,110 | 17.0% | 43,822 | 34,732 | 26.2% |

| Total CV Domestic | 43,487 | 33,148 | 31.2% | 113,982 | 87,061 | 30.9% |

| International Business | 7,575 | 2,714 | 179.1% | 21,132 | 7,620 | 177.3% |

| Total CV | 51,062 | 35,862 | 42.4% | 135,114 | 94,681 | 42.7% |

MH&ICV Domestic Sales:

September 2026: 22,616 units vs 15,669 units in September 2025 (44.3% YoY growth)
Q2 FY27: 55,582 units vs 41,461 units in Q2 FY26 (34.1% YoY growth)

MH&ICV Domestic & International Sales:

September 2026: 23,910 units vs 16,759 units in September 2025 (42.7% YoY growth)
Q2 FY27: 59,194 units vs 45,095 units in Q2 FY26 (31.3% YoY growth)

EV Volumes:

Mr. Girish Wagh, MD & CEO of Tata Motors Ltd., provided the following insights:

Performance Drivers:

Strong, broad-based momentum built across businesses over the past 12 months as an independent commercial vehicle company
Growth attributed to strength of portfolio, technology-led innovation, and deep customer understanding
Growth was broad-based, reflecting healthy demand across the economy

Segment-specific Demand Drivers:

HCVs: Benefited from continued activity in core sectors, sustained infrastructure, construction and mining activity
ILMCVs: Driven by e-commerce, FMCG, FMCD, and two-wheeler logistics
SCVPU: Supported by consumption-led freight movements
Passenger transportation: Maintained momentum supported by last-mile mobility, government orders, and growing intercity travel
Overall fleet utilization levels were stable, indicating healthy underlying freight activity

Outlook and Concerns:

Commodity costs remain a significant concern
Diesel prices, potential interest rate hikes, and global uncertainties remain key monitorables
High H2 base could moderate growth rates
Industry fundamentals remain supportive
Expected support from sustained government capital expenditure, post-monsoon pickup in mining and construction activity, rising e-commerce volumes, and festive season
Company remains confident in ability to drive sustainable growth through innovation, customer value, and disciplined execution

Part of the USD 180 billion Tata Group
India's largest and globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses
Over eight decades of leadership in commercial mobility
Known for innovation, reliability, and performance
Advanced powertrains, connected technologies, and intelligent fleet solutions
Operates in India and South Korea, with global presence across Africa, Middle East, Latin America, Southeast Asia, and SAARC countries
Name changed from TML Commercial Vehicles Limited to Tata Motors Limited effective October 29, 2025, as per Composite Scheme of Arrangement sanctioned by NCLT Mumbai Bench
Equity shares listed on BSE Ltd and NSE Ltd