Tata Motors PV shares climb 2% as monthly sales jump 29% YoY in March; check numbers

The automaker's passenger vehicle (PV) sales in the domestic market stood at 66,192 units as compared to 51,616 units in the same month last year, a growth of 28% YoY, Tata Motors Passenger Vehicles Ltd said in a regulatory filing.

Its international business PV sales jumped over threefold to 779 units last month, as against 256 units in March 2025.

The auto manufacturer’s total electric vehicle sales last month stood at 9,494 units, as against 5,353 units in the year-ago period, up by 77%.

For FY26, its total sales were at 6,41,587 units, as compared to 5,56,263 units in FY25, a growth of 15%, the company said.

What the management said

Commenting on the performance, Tata Motors Passenger Vehicles Ltd MD and CEO Shailesh Chandra said that for the company, FY26 has been a landmark year marked by multiple milestones.

"We achieved our highest-ever annual sales volumes of over 6.4 lakh units, delivering industry-beating growth of 15 per cent YoY and ended it with strong positive momentum, emerging as the number 2 ranked player in the industry based on Vahan registrations in H2."

The company also "recorded strong international business volumes of over 10,000 units, driven by our re-entry into South Africa", he added.

On the overall industry, he said, "PV industry sales are expected to reach record volumes of 4.7 million units for the year, reflecting 8% year on year (YoY) growth."

The industry witnessed a strong rebound in the second half, posting double-digit growth, supported by GST 2.0 implementation and a robust festive season, he added.

Customer preference for greener technologies gained further momentum, with CNG volumes growing at 2% YoY and EV volumes surpassing the milestone of 2 lakh units, he added.

"This growth was driven by improving consumer confidence in EVs and wider participation with all major OEMs launching new products, offering more choice," Chandra said.

Looking ahead, he said industry momentum is expected to sustain, led by growth in SUVs, CNG, and EVs.

"At the same time, the industry will need to closely monitor geopolitical developments to mitigate potential supply-side risks," Chandra said.

For Tata Motors Passenger Vehicles, he said, "We expect to build on the strong momentum of H2 and continue to deliver industry-beating growth in FY27, supported by recent launches, a strong pipeline of new products, and an established multi-powertrain strategy."

Tata Motors PV share performance

At around 2:58 PM, the shares of Tata Motors PV were trading 2.26% higher at ₹302.55 apiece on the National Stock Exchange (NSE), following the March update.

The scrip has declined 5% in the last week and 21% over the month. On a year-to-date basis, it has lost nearly 18%.

While the stock touched a 52-week low of ₹294.30 on March 30, 2026, it hit a year’s high of ₹744 per equity share on June 11, 2025.

Tata Motors PV has a total market capitalisation of ₹1.12 lakh crore, as of April 1, 2026, according to NSE data.