Tata Motors Reports Double-Digit Growth in Q2 FY26 Sales; Records Best-Ever September

Tata Motors Reports Strong Q2 FY26 Performance Ahead of Demerger Tata Motors delivered a strong Q2 FY26 performance, with double-digit growth in both Commercial Vehicles (CV) and Passenger Vehicles (PV), as it moves forward with its strategic demerger. Q2 FY26 Sales Highlights Commercial Vehicles (CV): Sales rose 12% YoY to 94,681 units, led by SCVs and Pickups, including Ace Pro and Ace Gold+. International CV sales surged 75% YoY to 7,620 units. September marked the strongest month for CVs in FY26, with SCVs and Pickups up 30%. Passenger Vehicles (PV): Sales reached 144,397 units (+10% YoY). September alone recorded 60,907 units sold (47% YoY growth), the highest monthly PV sales ever. Electric Vehicles posted 24,855 units (+59% YoY), forming 17% of PV sales, with Nexon contributing over 22,500 units. CNG volumes more than doubled YoY to 17,800+ units. Financials Q2 FY26 revenue stood at ₹104,407 crore with net profit of ₹3,871 crore. Management Commentary Festive momentum, GST 2.0 recovery, and rising infrastructure activity drove growth. While July was subdued due to monsoons and August saw pre-GST caution, September rebounded sharply. Management expects this trend to continue into H2 FY26. Strategic Demerger Effective October 1, 2025, Tata Motors’ CV business becomes TML Commercial Vehicles Ltd. (TMLCV), while PV, EVs, and Jaguar Land Rover remain with Tata Motors Limited. Shareholders will get 1:1 entitlement for the new CV entity, with October 14, 2025 as the record date. Both companies will be listed independently on BSE and NSE, enhancing strategic focus and investor value. Disclaimer: This article is for informational purposes only and does not constitute investment advice.