Tata Motors Passenger Vehicles Ltd reports 22% YoY growth in Q3 FY26 Sales

Tata Motors Passenger Vehicles Ltd. (TMPVL) delivered a robust Q3 FY26, with total sales of 171,013 units in the domestic and international markets, up 22.3% from 139,829 units in Q3 FY25. The quarterly performance reflects strong demand across conventional passenger vehicles and the expanding contribution from electric mobility.

Key segment highlights for Q3 FY26

PV Domestic: 168,616 units, up 20.9% from 139,424 in Q3 FY25, underscoring broad-based demand in the domestic market.

PV IB (Indigenous Business): 2,397 units, a sharp rise from 405 in Q3 FY25, reflecting strategic sales initiatives and channel expansion.

PV Total (includes EV): 171,013 units, up 22.3% from 139,829 in Q3 FY25, driven by both internal combustion engine models and new EV offerings.

EV IB + Domestic: 24,103 units, up 49.5% from 16,119 in Q3 FY25, highlighting accelerated EV adoption and the contribution from Tata Passenger Electric Mobility Limited, the subsidiary responsible for electric vehicle initiatives.

Mr. Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles Ltd. said, "CY25 saw steady progress for the PV industry powered by a growing preference for SUVs and accelerating adoption of cleaner, emission-friendly powertrains. For Tata Motors, it was the fifth consecutive year of record-breaking annual sales, with 587,218 units sold, including the highest-ever EV volumes of 81,125 units in a calendar year.

For Tata Motors Passenger Vehicles, the momentum sparked by the rollout of GST 2.0 in late Q2 FY26 gained further traction in Q3, resulting in several new records. We achieved our highest-ever quarterly wholesales of 171,103 units, while retail sales/registrations crossed the coveted 200,000 units milestone for the first time. Nexon led the charge as India's top-selling car/SUV in October and November and is on track to retain this leadership for Q3 FY26, with sales ~64,000 units. Punch dominated its segment and Tiago delivered robust growth, reinforcing its preference among hatchback favorites.

December was another standout month as we continued our growth trajectory with 22% growth YoY. At the same time, our retail sales significantly exceeded wholesales, driving dealer inventory down to ~18 days, and underscoring our strategic focus on demand-led growth and prudent channel health management.

Our multi-powertrain strategy delivered exceptional YoY growth in Q3FY26, with CNG volumes crossing 47,000 units and overall SUV volumes rising by a strong 18%. EV adoption accelerated significantly, supported by enhanced capabilities, longer range, lifetime battery warranty, and price parity with ICE counterparts, translating to a robust 50% YoY growth. Q3 FY26 also witnessed major product introductions, including the unveiling of Harrier and Safari in petrol and the launch of the highly anticipated Sierra, which has been exceptionally well received.

Looking ahead, we remain confident about the PV industry's growth. With deliveries of recently introduced products commencing in Q4 and an exciting pipeline of launches and innovations on the anvil, Tata Motors is well poised to accelerate its growth trajectory in FY26."

Shares of Tata Motors Passenger Vehicles Limited was last trading in BSE at Rs. 367.40 as compared to the previous close of Rs. 367.50. The total number of shares traded during the day was 964466 in over 17425 trades.

The stock hit an intraday high of Rs. 371.00 and intraday low of 365.50. The net turnover during the day was Rs. 354751895.00.

Source : Equity Bulls

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TataMotorsPassengerVehicles INE155A01022 TMPV PassengerCars UtilityVehicles Q3FY26 SalesVolume