Tata Motors Limited (TML) reported a strong performance in its Commercial Vehicles (CV) segment for Q2 FY26, highlighting a 12% year-on-year volume growth. Revenues rose to ₹18,370 crore, up 6.6%, while EBITDA climbed 21% to ₹2,211 crore. Profit before tax (bei) surged by ₹469 crore to ₹1,694 crore, supported by improved realizations and higher volumes. Free cash flow for the quarter stood at ₹2,211 crore, marking a record H1 performance despite a seasonally weak Q1.
The company’s consolidated numbers showed revenues of ₹18,600 crore (+6%), with EBITDA margins at 11.4% and EBIT margins at 8.8%. Net cash position as of September 30, 2025, was ₹1,200 crore. Key corporate milestones included the successful demerger and listing of the CV business as Tata Motors Limited on BSE and NSE under the ticker “TMCV,” and ongoing acquisition talks with IVECO. Domestic CV volumes grew 9%, with exports surging 75%. GST benefits were passed on to customers, while new product launches, including Ace Gold+ Diesel and Ace Pro EV, strengthened the portfolio.
In Kolkata, Tata Motors maintained strong market traction with rising demand for LCVs and passenger vehicles, reflecting confidence from logistics, infrastructure, and commercial transport sectors. Dealers reported brisk festive season bookings, reinforcing the city’s contribution to the CV segment’s revenue growth. Looking ahead, TML anticipates robust H2 FY26 performance, driven by infrastructure, mining, and construction demand, alongside new launches and sustained profitable growth.