Top News

After the close of trading in the stock market today, auto sector giant Tata Motors has released the financial results of its commercial vehicle (CV) business for the June quarter (Q1 FY27). Tata Motors CV has recorded a very strong and impressive performance in the first quarter of the current financial year. There has been a tremendous jump of more than 83 percent in the company's profits on an annual basis, due to which there is an atmosphere of enthusiasm in the investors and the market. Despite the fall in the market today, the stock of Tata Motors CV closed with a gain of more than one percent. Tata Motors CV's profit increased by 83% to ₹ 2,560 crore. According to the data released by the company, the net profit of Tata Motors' commercial vehicle business in the first quarter of the financial year 2026-27 has increased by 83.3 percent on an annual basis to Rs 2,560 crore, whereas in the same quarter last year it was Rs 1,397 crore. The company has also performed brilliantly on the revenue front. The company's total income during Q1 increased by 19.3 per cent to Rs 20,667 crore from Rs 17,324 crore in the same period last year. With this, the company's EBITDA has increased by 8.6 percent to Rs 2,640 crore. The most important thing is that the EBITDA margin of the company improved from 11.98 percent to 15.83 percent, that is, there has been a great improvement in the margin by about 3.85 percentage points. Strong hold on sales and market share Total wholesale sales in the first quarter of the commercial vehicle business stood at 1.087 lakh vehicles, which is 26 percent more than the same period last year. An annual increase of 26 percent in domestic sales and 35 percent in export volume has been recorded. The company's total share in the domestic commercial vehicle market in the first quarter of the financial year 2026-27 was 36.8 percent, which is 100 basis points more than the previous quarter. If we look at the category wise performance, the company's market share in heavy commercial vehicles has been recorded at 56.3 percent, in intermediate and light medium commercial vehicles 36.9 percent, in small commercial vehicle pick-up 27.7 percent and in commercial passenger vehicles 41.3 percent. Focus on electric vehicles and new portfolio Tata Motors has further strengthened its position in the electric commercial vehicle segment. Orders for more than 3,400 electric vehicles across various categories have been received in the first quarter. Apart from this, the company has expanded the small commercial vehicle portfolio by launching modern models like Ace Gold+ XL, Intra V40 and Intra EV, thereby deepening the company's presence in all three options of petrol-diesel, CNG and electric. The company has also started delivery of orders from Indonesia and achieved the major milestone of production of 10 lakh commercial vehicles at its Lucknow plant. New strategic partnership with HPCL Promoting sustainability, Tata Motors has entered into a major partnership with HPCL for recycling and reusing used automotive lubricants. The aim is to create a sustainable circular economy model for used lubricants. Girish Wagh, Managing Director and Chief Executive Officer of Tata Motors, said that the company has achieved this historic performance in the quarter on the basis of India's strong economic fundamentals and better product portfolio.