Tata Motors shares jump 3% as CV sales soar 17% YoY in March 2026; check monthly update

In the same month of the previous year, it had logged total CV sales (including international business) at 41,122 units, the automaker said in a regulatory filing.

While its monthly sales saw double-digit YoY growth, it moderated amid the ongoing conflict in West Asia and its impact on select sectors of the economy.

Furthermore, its CV sales clocked a 25% YoY growth at 1,32,465 units in the fourth quarter of the 2025-26 fiscal year (Q4 FY26), compared to 1,05,643 units in the year-ago period. Its sales during the quarter under review were the highest since Q4 FY21, and reflected improving freight activity and renewed customer confidence.

Its total sales in the domestic market stood at 45,825 units for the month under review, reflecting an 18% YoY jump from 38,884 units in March 2025.

Tata Motors posted a 16% YoY growth in its domestic sales of Medium & Heavy and Intermediate Commercial Vehicles (MH&ICV) in March 2026 to 23,805 units, versus 20,474 units in the year-ago period.

In Q4 FY26, the domestic MH&ICV sales stood at 64,904 units, compared to 51,551 units in Q4 FY25, reflecting a 26% YoY surge.

During the quarter ended March 31, 2026, its domestic CV sales grew by 26% YoY to 1,25,562 units, in comparison to 99,764 units sold in Q4 of FY25.

However, its international sales declined 4% YoY to 2,151 units in March 2026, from 2,238 units in the same period last year. During Q4 FY26, its international sales were at 6,903 units, marking a 17% YoY increase from 5,879 units in the same quarter of FY25.

In FY26, its electric vehicle (EV) sales volume witnessed a growth of 59% YoY.

What the management said

Commenting on its monthly business update, Girish Wagh, MD & CEO, Tata Motors Ltd., said: “FY26 saw a subdued first half for the commercial vehicle industry, followed by a decisive recovery in H2 as demand conditions improved with the rollout of GST 2.0 and gained momentum through Q3 and Q4.”

Wagh noted that for FY26, Tata Motors CV saw its sales volumes grow by 14% YoY to 4,28,329 units from 3,76,903 units in FY25, showcasing broad-based growth across product lines, customer segments and markets.

“During the year, we expanded our portfolio with the launch of new products including Ace Pro and Winger 9S, upgraded our entire truck range to meet European safety norms (ECE R.029 03), and introduced the new Azura range, strengthening our competitiveness and deepening our presence across key segments,” he added.

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, Wagh stated, adding that the company has intensified efforts to support customers by ensuring “smooth and uninterrupted” logistics operations as it addresses emerging operating challenges.

“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. In parallel, we are actively assessing the risk landscape and have put in place appropriate mitigation measures to strengthen resilience and manage production continuity,” he added.

He further noted that with a “refreshed and comprehensive product portfolio, supported by smart digital solutions”, the firm is “well positioned” to capture emerging opportunities.

“We continue to execute with discipline, maintaining a sharp focus on customer-centric solutions and delivering sustained value through our products and mobility solutions,” Wagh said.

Tata Motors stock performance

Shares of Tata Motors were trading 3.12% higher at ₹407.10 per unit at around 2:26 PM on the National Stock Exchange (NSE) on Wednesday, following the release of the March business updates.

The scrip had surged as much as 5.84% to hit an intraday high of ₹417.85 per equity share in early trade, ahead of the release.

The stock has fallen 6% in the past week and 19% over the month. On a year-to-date basis, it has lost 5%.

While the share hit a 52-week high of ₹509 on February 27, 2026, it touched a year’s low of ₹306.30 apiece on November 14, 2025.

Tata Motors has a total market capitalisation of ₹1.5 lakh crore, as of April 1, 2026, according to data on the NSE.