Tata Motors delivered strong performance in Q4 FY26, with domestic and international commercial vehicle sales reaching 1,32,465 units, marking a 25% year-on-year growth compared to 1,05,643 units in Q4 FY25.
For March 2026, total sales stood at 47,976 units, up 17% YoY from 41,122 units recorded in March 2025, reflecting steady demand recovery across segments.
MH&ICV Segment Shows Strong Momentum
Domestic Medium & Heavy Intermediate Commercial Vehicle (MH&ICV) sales in March 2026 stood at 23,805 units, compared to 20,474 units in March 2025, registering 16% YoY growth.
For Q4 FY26, domestic MH&ICV sales rose to 64,904 units, up 26% YoY from 51,551 units in Q4 FY25.
Including domestic and international markets, MH&ICV sales reached:
- March 2026: 24,703 units (up 16% YoY)
- Q4 FY26: 68,007 units (up 26% YoY)
EV Segment Continues Strong Growth
Tata Motors also reported 59% year-on-year growth in EV volumes during FY26, highlighting increasing adoption of electric commercial vehicles and the company’s expanding electrified portfolio.
Girish Wagh, MD & CEO of Tata Motors Ltd., noted that FY26 began with a subdued first half, followed by a decisive recovery in the second half, driven by improving demand conditions after the rollout of GST 2.0 and strengthening momentum through Q3 and Q4.
He added that Q4 FY26 commercial vehicle sales reached 1,25,562 units, the highest since Q4 FY21, reflecting improving freight activity and renewed customer confidence.
For the full year FY26, Tata Motors recorded 14% growth, with sales increasing from 3,76,903 units to 4,28,329 units, driven by broad-based growth across product lines, customer segments and markets.
During FY26, Tata Motors strengthened its portfolio with:
- Launch of Ace Pro
- Introduction of Winger 9S
- Upgrade of truck range to European safety norms (ECE R.029-03)
- Introduction of the Azura range
Despite moderation in March growth due to ongoing West Asia geopolitical tensions, Tata Motors continues to support customers by ensuring smooth logistics operations and addressing emerging operational challenges.
Looking ahead, the company remains focused on:
- Monitoring diesel price trends
- Managing geopolitical risks
- Strengthening production continuity
- Expanding digital mobility solutions
With a refreshed product portfolio and customer-centric approach, Tata Motors Commercial Vehicles is well positioned to capture emerging opportunities and sustain growth momentum.
