Tata Motors CV Sales Dip 6% in Q1 FY26, Exports Surge 68%

Tata Motors reported commercial vehicle (CV) sales of 85,606 units in Q1 FY26, showing a 6% decline year-on-year compared to 91,209 units in Q1 FY25. While domestic sales slowed, international volumes rose sharply, softening the overall impact.

In the domestic market, Tata Motors sold 79,572 CV units, down 9% from 87,615 units last year. This decline came mainly from weaker demand in heavy commercial vehicles (HCVs) and small commercial vehicles (SCV cargo and pickup).

• HCV truck sales fell 12% to 21,735 units.
  
• SCV cargo and pickup volumes dropped 17% to 28,251 units.
  
• ILMCV trucks grew 5% to 14,497 units.
  
• Passenger carriers saw a marginal 1% rise to 15,089 units.
  

The MH&ICV segment, which includes both medium and heavy trucks, posted Q1 FY26 domestic sales of 37,370 units, compared to 40,349 units in Q1 FY25. Including exports, MH&ICV sales totaled 40,401 units, slightly lower than the 41,974 units recorded last year.

The international business (CV IB) provided a strong boost, with sales up 68% to 6,034 units, from 3,594 units in Q1 FY25. Growth came from new markets and stronger distribution across existing regions.

In June 2025, CV sales stood at 30,238 units, down 5% from 31,980 units in June 2024. However, Tata Motors noted an 8% sequential rise over May 2025.

Mr. Girish Wagh, Executive Director at Tata Motors, said:

“Q1 FY26 began on a subdued note for the commercial vehicle industry with muted performance in the HCV and SCVPU segments, while buses, vans, and ILMCVs registered modest year-on-year growth.

Tata Motors Commercial Vehicles recorded domestic sales of 79,572 units, a 9.2% decline compared to Q1 FY25. However, June 2025 witnessed a sequential growth of 8% over May 2025. Additionally, our international business delivered a robust 67.9% growth in volumes over Q1 FY25.

During the quarter, we launched India’s most affordable mini-truck, the Ace Pro, offered in petrol, bi-fuel, and electric powertrains, which received an encouraging market response. We enhanced driver comfort by introducing air-conditioned cabins across our entire range of light to heavy trucks. We also expanded our international footprint by entering Egypt and expanded our offerings for the Middle East & North African region.

With forecasts for a healthy monsoon across the country, a reduction in the repo rate, and a renewed thrust on infrastructure development, we expect commercial vehicle volumes to improve gradually in the coming quarters. We remain focused on driving our demand-pull strategy and deepening customer engagement to deliver greater value and tailored solutions that help our customers grow their business.”

The commercial vehicle segment continues to see mixed trends, declines in traditional strongholds, but positive signals in international and emerging product lines.

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