In today’s session, Tata Motors shares gained 11% to their day’s high of Rs 439 on the NSE. Meanwhile, Tata Motors Passenger Vehicles rose 7.5% to Rs 332. Ashok Leyland, another CV major, rose 12% to Rs 171 on Dalal Street.
The development gains significance as a fall in crude oil prices directly reduces fuel costs for fleet operators, improving their operating economics and profitability. Lower diesel prices also bring down overall logistics costs, supporting freight movement and industrial activity. As utilisation improves and confidence returns, transporters are more likely to expand or replace their fleets, driving demand for new commercial vehicles and creating a favourable outlook for the segment.
The ceasefire came just ahead of Trump’s deadline for Iran to reopen the Strait of Hormuz, a key route that carries 20% of the world’s oil supply, or face broad attacks on its civilian infrastructure.
Tata Motors March sales
Tata Motors Passenger Vehicles reported a strong performance for March 2026, with total sales rising 29% year-on-year to 66,971 units, compared to 51,872 units in the same month last year. Domestic passenger vehicle sales stood at 66,192 units, marking a 28% increase from 51,616 units a year ago, while international PV sales more than tripled to 779 units from 256 units in March 2025, according to a regulatory filing.
Also read: IndiGo shares fly 11% as Iran war ceasefire, falling crude prices boost sentiment. What’s Jefferies saying ahead of Q4?
Tata Motors reported a 17% year-on-year increase in total commercial vehicle sales at 47,976 units in March, compared to 41,122 units in the same month last year. Domestic CV sales rose 18% to 45,825 units from 38,884 units in March 2025, according to a regulatory filing. However, international business CV sales declined 4% to 2,151 units, down from 2,238 units in the year-ago period. For the full financial year FY26, total commercial vehicle sales stood at 4,28,329 units, marking a 14% growth over 3,76,903 units reported in FY25, the company said.
Tata Motors share price performance
TMPV shares have fallen more than 20% since the onset of the Iran war on February 28. Meanwhile, Tata Motors CV share price has plunged 19% over the same period.
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