Tata Motors delivers 21% YoY growth in Q3FY26

Tata Motors reported a solid Q3FY26 performance, delivering 1,15,577 units in total domestic and international markets, a 21% year-on-year (YoY) rise from 95,770 units in Q3FY25. December 2025 alone registered 42,508 units, up from 33,875 in December 2024, underscoring steady momentum across its commercial vehicle (CV) and passenger segments.

Key quarterly and monthly highlights

HCV Trucks: 33,401 units in Q3FY26, up 23% from 27,130 in Q3FY25. December 2025 HCV trucks were 12,483 units, up 31% YoY from 9,520 in December 2024.

ILMCV Trucks: 20,033 units in Q3FY26, up 26% from 15,897 in Q3FY25. December 2025 ILMCV trucks were 7,959 units, up 40% YoY from 5,687 in December 2024.

Passenger Carriers: 10,691 units in Q3FY26, up 7% from 10,001 in Q3FY25. December 2025 passenger carriers were 4,167 units, modestly higher than 4,144 in December 2024.

SCV Cargo and Pickup: 43,793 units in Q3FY26, up 15% from 38,232 in Q3FY25. December 2025 SCV cargo and pickup were 15,448 units, up 19% YoY from 13,018 in December 2024.

Total Domestic CVs: 1,07,918 units in Q3FY26, up 18% from 91,260 in Q3FY25. December 2025 total CV domestic sales stood at 40,057 units, up 24% YoY from 32,369 in December 2024.

CV International Business (CV IB): 7,659 units in Q3FY26, up 70% from 4,510 in Q3FY25. December 2025 CV IB was 2,451 units, up 63% YoY from 1,506 in December 2024.

Total CV: 1,15,577 units in Q3FY26, up 21% from 95,770 in Q3FY25. December 2025 total CV (domestic + IB) was 42,508 units, up 25% YoY from 33,875 in December 2024.

MH&ICV (Medium and Heavy Commercial Vehicles + Intermediate Light Commercial Vehicles) performance

Domestic MH&ICV: December 2025 sales were 20,363 units, up from 15,968 in December 2024. For Q3FY26, domestic MH&ICV sales rose to 53,105 units, vs 44,023 in Q3FY25.

Domestic & International MH&ICV: December 2025 combined sales were 21,646 units, up from 16,604 in December 2024. In Q3FY26, these totals reached 57,080 units, compared with 46,108 in Q3FY25.

Mr. Girish Wagh, MD & CEO, Tata Motors Ltd., said, "The sales momentum ignited by GST 2.0 and the festive surge in Q2FY26 continued into Q3FY26, driving growth and lifting overall sentiment of the commercial vehicles industry.

Tata Motors registered double-digit sales growth in Q3FY26, powered by a strong rebound in construction and mining activity post the extended monsoon, along with sustained demand from core sectors and auto logistics. Continued strength in SCVs and Pickups further amplified performance, resulting in wholesales of 1,15,577 units, with 21% year-on-year growth over Q3FY25 and 22% sequential growth over Q2FY26.

Going forward, we expect demand to strengthen in Q4FY26 across most commercial vehicle segments. Key drivers in 2026 will include the government's sustained infrastructure push and expansion in end-use sectors, both of which are expected to fuel positive momentum for the industry. With an optimised portfolio ensuring superior product availability, a decisive pricing strategy, and deeper customer engagement through intensified market activations, Tata Motors is well-poised to unlock demand across segments, paving the way for continued success."

Shares of Tata Motors Limited was last trading in BSE at Rs. 426.50 as compared to the previous close of Rs. 415.45. The total number of shares traded during the day was 1611764 in over 23438 trades.

The stock hit an intraday high of Rs. 430.20 and intraday low of 417.55. The net turnover during the day was Rs. 687133991.00.

Source : Equity Bulls

Keywords

INE1TAE01010 TataMotors TMCV CommercialVehicles December2025 Q3FY26 PerformanceUpdate