CV Sales
Tata Motors' growth in CV despatches slows to 5-month low in March
This story was originally published at 15:03 IST on 1 April 2026
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--Tata Motors Mar total CV sales 47,976 units, up 17% on year
--Tata Motors Mar domestic CV sales 45,825 units, up 18% on year
--Tata Motors Mar CV exports 2,151 units, down 4% on year
--Tata Motors FY26 total CV sales 428,329 units, up 14% on year
--Tata Motors FY26 domestic CV sales 400,113 units, up 12% on year
--Tata Motors FY26 CV exports 28,216 units, up 54% on year
NEW DELHI – Tata Motors Ltd.'s commercial vehicle despatches in March rose to the highest level since March 2023, but the year-on-year growth rate slowed to the lowest in the last five months, according to a notice by the company to the stock exchanges Wednesday.
Tata Motors sold 47,976 commercial vehicles in March, up almost 17% on year and nearly 12% on month. Wholesale sales of commercial vehicles in the domestic market grew 18% on year and 12% on month to 45,825 units in March. Tata Motors exported 2,151 units in March, down 4% on year but up 5% on month.
"In March, the monthly double-digit YoY sales growth saw some moderation amid the ongoing conflict in West Asia and its impact on select sectors of the economy. We have intensified efforts to support customers by ensuring smooth and uninterrupted logistics operations as they address emerging operating challenges," the company said.
Despatches of heavy commercial vehicles grew 14% on year to 14,614 units in March and those of small commercial vehicles increased almost 17% on year to 14,891 units. Sales of passenger carriers grew 31% on year to 7,983 units, and sales of intermediate, light, and medium-tonnage commercial vehicles grew 16% on year to 8,337 units.
The company sold 125,562 commercial vehicles in India in the March quarter, the highest since the March quarter of 2020-21 (Apr-Mar), and up 25% on year. In FY26, the company's sales volume increased 14% on year to 428,329 units. Domestic sales grew 12% to 400,113 units and exports grew 54% on year to 28,216 units.
"Looking ahead, we remain agile, closely tracking geopolitical developments and the evolving macro environment. Diesel prices remain a key monitorable, given their impact on total cost of ownership," Managing Director and Chief Executive Officer Girish Wagh said in a press release. "In parallel, we are actively assessing the risk landscape and have put in place appropriate mitigation measures to strengthen resilience and manage production continuity," Wagh said.
For the December quarter, the company had reported a net profit of INR 5.61 billion on revenues of INR 204.04 billion. At 1432 IST, shares of the company were up over 3% at INR 407.15 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Anand JC
Edited by Ashish Shirke
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