Tata Motors Commercial Vehicles Post 21% YoY Growth in Q3 FY26; December Sales Rise 25%

Tata Motors reported a strong performance in its commercial vehicles (CV) business in Q3 FY26, with combined domestic and international sales of 1,15,577 units, registering a 21 per cent year-on-year growth over 95,770 units sold in Q3 FY25. The robust momentum was sustained through December 2025, with total CV sales rising to 42,508 units, up 25 per cent YoY from 33,875 units in December 2024.

Domestic and Export Sales Performance

In the domestic market, commercial vehicle sales reached 1,07,918 units in Q3 FY26, reflecting an 18 per cent YoY growth, while international business (IB) sales surged 70 per cent to 7,659 units, highlighting Tata Motors’ expanding global footprint.

For December 2025, domestic CV sales stood at 40,057 units, a 24 per cent YoY increase, while exports grew 63 per cent to 2,451 units, contributing to the overall growth during the month.

Segment-Wise Growth Across CV Portfolio

Tata Motors witnessed broad-based growth across key commercial vehicle segments in both December and Q3 FY26:

• Heavy Commercial Vehicle (HCV) Trucks recorded 23 per cent YoY growth in Q3 FY26, with December sales rising 31 per cent
• Intermediate, Light and Medium Commercial Vehicle (ILMCV) Trucks grew 26 per cent YoY in Q3, supported by a 40 per cent increase in December
• Passenger Carriers saw steady growth, with Q3 volumes up 7 per cent YoY
• Small Commercial Vehicles (SCV), Cargo and Pickups continued to perform strongly, registering 15 per cent YoY growth in Q3 FY26 and 19 per cent growth in December

MH&ICV Sales See Strong Rebound

Domestic sales of Medium and Heavy Commercial Vehicles (MH&ICV) stood at 20,363 units in December 2025, compared to 15,968 units in December 2024. For Q3 FY26, domestic MH&ICV sales increased to 53,105 units, up from 44,023 units in Q3 FY25.

Including exports, MH&ICV sales reached 21,646 units in December 2025 and 57,080 units in Q3 FY26, reflecting a strong rebound in demand from construction, mining and core infrastructure sectors.

Leadership Commentary and Outlook

Commenting on the performance, Mr. Girish Wagh, Managing Director & CEO, Tata Motors Ltd., said, “The sales momentum ignited by GST 2.0 and the festive surge in Q2 FY26 continued into Q3 FY26, driving growth and lifting overall sentiment in the commercial vehicles industry.”

He added that Tata Motors’ double-digit growth was powered by a rebound in construction and mining activity post the extended monsoon, along with sustained demand from core industries and auto logistics. Continued strength in SCVs and pickups further amplified performance.

Looking ahead, Tata Motors expects demand to strengthen further in Q4 FY26, supported by the government’s infrastructure push and expansion in key end-use sectors.