Tata Motors Limited (formerly TML Commercial Vehicles Limited) announced strong sales performance for Q3FY26, with total commercial vehicle dispatches climbing 21% year-on-year, the company said in an exchange filing on January 1, 2026.
According to the press release, the commercial vehicle business reported total sales of 1,15,577 units in Q3FY26, up from 95,770 units in Q3FY25. The March quarter growth was broad-based across key segments, underpinned by sustained demand from infrastructure, logistics, construction and mining sectors.
Sales highlights — December 2025 & Q3FY26
- December 2025 total sales: 42,508 units, compared with 33,875 units in December 2024 (up 25%).
- Heavy Commercial Vehicles (HCV) trucks: 12,483 units in December, 31% higher than last year.
- Intermediate & Light Medium Commercial Vehicles (ILMCV): 7,959 units, up 40% YoY.
- Small Commercial Vehicles (SCV) cargo & pickup: 15,448 units, up 19% YoY.
- Commercial Vehicle Domestic: 40,057 units, up 24% YoY.
- International Business (CV exports): 2,451 units, a 63% increase over last year.
Overall, the Q3FY26 sales performance was supported by continued market recovery and strong order flow across commercial vehicle categories.
Growth Drivers
The company’s sales momentum benefitted from favourable market conditions, including a continued uptick in construction and mining activity post-monsoon and sustained demand from logistics and commercial fleets. Moderate growth in SCVs and pickups also contributed to the overall performance.
The company noted that the positive trend seen in HCV and ILMCV segments reflected broader economic activity, particularly in infrastructure and end-use sectors.
Outlook
Tata Motors Commercial Vehicles said that it anticipates demand to remain robust in Q4FY26, supported by government infrastructure spending and strong freight movement, which are expected to further drive commercial vehicle sales.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Market performance and company disclosures should be independently verified. Investors are advised to consult qualified financial advisors before making investment decisions.
