Shares of Tata Motors climbed as much as 4.1% on Friday to a 52-week high of Rs 443.95 on the BSE, while Tata Motors Passenger Vehicles (TMPV) rose up to 1.5% to Rs 372.85 in intra-day trade, as investors cheered healthy volume growth and an upbeat outlook for the coming quarters.
Commercial vehicles drive momentum
In December 2025, Tata Motors’ commercial-vehicle business reported volumes of 42,508 units, a jump of 25.5% year-on-year. Domestic and international sales for medium and heavy intermediate commercial vehicles stood at 21,646 units, compared with 16,604 units a year earlier. For Q3FY26, volumes rose to 57,080 units from 46,108 units in Q3FY25.The company said the sales momentum sparked by GST 2.0 and the festive surge in Q2FY26 carried into Q3FY26, lifting overall sentiment in the commercial-vehicle industry. Tata Motors posted double-digit growth in Q3FY26, aided by a rebound in construction and mining activity after the extended monsoon, along with sustained demand from core sectors and auto logistics.
Looking ahead, management expects demand to strengthen in Q4FY26 across most commercial-vehicle segments, citing the government’s continued infrastructure push and expansion in end-use sectors as key drivers in 2026. With an optimised portfolio, pricing actions and deeper customer engagement, the company said it is well-positioned to unlock demand across segments.
Passenger vehicles, EVs post records
TMPV also reported strong numbers for December. Electric-vehicle volumes stood at 6,906 units, up 24% year-on-year, while overall volumes rose 14% to 50,519 units.The company said EV adoption accelerated on the back of enhanced capabilities, longer range, lifetime battery warranty and price parity with internal combustion engine counterparts. Momentum following the rollout of GST 2.0 in late Q2FY26 gained further traction in Q3, resulting in several new records.
TMPV achieved its highest-ever quarterly wholesales of 171,103 units, while retail sales and registrations crossed the 200,000-unit mark for the first time.
Looking ahead, management said it remains confident about growth in the passenger-vehicle industry. With deliveries of recently introduced products set to begin in Q4 and a pipeline of launches and innovations planned, Tata Motors said it is well-poised to accelerate its growth trajectory in FY26.
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