Tata Motors’ commercial vehicle (CV) business has performed well in the second quarter of FY 2026-27. The company posted a net profit of ₹1,254 crore in the July-September quarter, compared to a loss of ₹561 crore in the same quarter last year. During this period, the company’s revenue also grew by 36.5% year-on-year to ₹25,232 crore. Exports also increased sharply due to increased demand for trucks and other commercial vehicles in the domestic market. However, the company’s management has said that the pace of growth may slow down in the second half of the financial year.
Strong improvement in Tata Motors’ profits
Tata Motors’ commercial vehicle business has turned from loss to profit in the second quarter of FY27. The company’s consolidated profit after tax (PAT) stood at ₹1,254 crore this time compared to a loss of ₹561 crore last year. According to the company, the profit was also supported by narrowing of losses due to market volatility on investments in Tata Capital Ltd. As of September 30, 2026, the company had a net cash position of ₹15,900 crore. This means that the cash position of the company remains strong.
The company’s income from operations rose to ₹25,232 crore from ₹18,491 crore in the second quarter last year. This is an increase of 36.5% year-on-year.
How much increase in domestic sales and exports?
Tata Motors’ commercial vehicle business saw good growth in both the domestic and overseas markets. In the second quarter, domestic sales volume rose 30% year-on-year, while exports rose 177%. The company had a domestic commercial vehicle market share of 36.2% in the first half of FY 2026-27. It has increased by 1.10 percent compared to FY 2025-26.
Company’s market share in various categories
The company has also strengthened its product portfolio in this quarter. It introduced next-generation passenger mobility solutions in Travel 5.0 and launched Starbus Prime range along with Ultra Prime. Additionally, Bauma showcased its range of new vehicle parts and technologies at CONEXPO India 2026. The company also received the ‘Best Truck of the Year’ award during the Logistics and Transport Awards 2026 in the UAE.
The Iveco deal is expected to close by the end of October
Tata Motors said the proposed deal with Iveco is on track to be completed by the end of October. The company has received all necessary regulatory approvals and the tender offer for purchase of shares has been initiated. This offer will be open till 26 October 2026. Iveco’s shareholders approved all proposals at its meeting held on 16 October. Payment and settlement of the deal is scheduled for October 30, 2026, subject to successful completion of the tender offer. As it prepares to integrate the business from next quarter, the company’s focus will be on streamlining operations, leveraging new business opportunities and increasing business value over the long term.
Shares of Tata Motors fell in the stock market
Despite strong quarterly results, shares of Tata Motors closed lower on the NSE on Friday. Shares of the company fell 4.41% to ₹ 396, compared to ₹ 414.25 in the previous trading session. The stock is down 7.89% since the start of year 2026. Based on the current price on NSE, the market capitalization of the company was ₹1,45,838.46 crore.
