Commercial Vehicle

Tata Motors Ltd on Friday reported a 28 per cent growth in its total commercial vehicle sales at 34,833 units in April 2026 as compared to 27,221 units in the same month last year. Domestic sales were up 27.9 per cent at 32,965 units last month as compared to 25,764 units in April 2025, Tata Motors Ltd said in a regulatory filing. International business volumes were at 1,868 units as against 1,457 units in the year-ago month, a growth of 28.2 per cent, it added.

After nearly 12% growth in FY26, CV industry to grow around 6-7% in FY27 amid headwinds from oil price volatility, monsoon-linked rural demand and macroeconomic pressures

Mahindra & Mahindra on Friday said it will increase the prices of its non-electric SUVs and commercial vehicles by up to 2.5 per cent from April 6. The company attributed the latest price hike to a combination of cost escalations. "Mahindra & Mahindra announces an increase in prices of up to 2.5 per cent for its ICE (powered) SUV and CV range, with an average hike of 1.6 per cent across the portfolio," the company said in a statement. This price increase is effective from April 6, it said. For the recently introduced XUV7XO, the price hike is expected to come into effect after the delivery to the first 40,000 price-protected bookings, the company said. Various auto makers including Tata Motors, JSW MG Motor India, BMW, Audi India and Mercedes-Benz have already increased their vehicle prices from April 1 on account of rising input costs.

Tata Motors Ltd on Wednesday reported a 17 per cent growth in total commercial vehicle sales at 47,976 units in March as compared to 41,122 units in the same month last year. Total Commercial Vehicle (CV) sales in the domestic market stood at 45,825 units last month as against 38,884 units in March 2025, up 18 per cent, Tata Motors Ltd said in a regulatory filing. However, international business CV sales were lower by 4 per cent at 2,151 units as compared to 2,238 per cent in the year-ago month. For FY26, total sales were up 14 per cent at 4,28,329 units as compared to 3,76,903 units in FY25, the company said. "FY26 saw a subdued first half for the commercial vehicle industry, followed by a decisive recovery in H2 as demand conditions improved with the rollout of GST 2.0 and gained momentum through Q3 and Q4," Tata Motors Ltd MD & CEO Girish Wagh said. In March, the monthly double-digit YoY sales growth saw some moderation amid the ongoing conflict in West Asia and its impact on .

Surging crude prices and geopolitical tensions weigh on commercial vehicle demand outlook, even as strong freight activity supports near-term growth in volumes

The ongoing West Asia conflict also poses near-term risks to the CV demand cycle led by potential domestic disruptions, fear analysts.

Ageing truck fleets in India are set to drive a multi-year replacement cycle, offering growth opportunities for OEMs despite recent industry slowdown

Tata Motors has secured cumulative orders for over 5,000 buses and chassis from multiple state transport undertakings through government e-bidding, reinforcing its presence in public transport

Tata Motors posted a 48 per cent Y-o-Y fall in profit for Q3FY26 due to exceptional items related to demerger and Labour Code expenses, even as revenue rose more than 16 per cent

TMCV remains the market leader in MHCVs, with retail market shares of ~49 per cent in heavy CVs, ~37 per cent in passenger buses, and ~30 per cent in light goods vehicles (FY25).

According to InCred Equities, the CV downcycle that played out over six quarters between April 2024 and July 2025 appears to be bottoming out.

India's MHCV segment shows early signs of an upcycle as replacement demand revives, freight economics stabilise and GST-driven distortions fade, giving brokerages cautious optimism

Following Covid-related disruptions, large fleet operators overwhelmingly opted for the 12 per cent FCM route, claiming ITC benefits on truck purchases.

Brokerages remain positive on the long-term prospects of Ashok Leyland, factoring in a gradual recovery in the MHCV industry momentum and segmental diversification.

Strong order books keep automakers driving past slowdown fears

Looking ahead to FY26, Tata Motors anticipates sustained growth in the domestic market due to its strong fundamentals, despite global headwinds

A smarter load mix and tightened cost base give it a cleaner, more controlled run than its biggest rival

In Q2, Tata Motors' standalone revenue rose 9% Y-o-Y to ₹16,860 crore, coming in 3% below Nuvama's forecast due to an unfavourable mix that weighed on average selling prices.

Tata Motors' commercial vehicle arm debuted on the BSE, marking a milestone in the automaker's demerger

The management of Ashok Leyland expects demand to improve post-monsoon, led by strong traction in heavy-duty trucks for mining, construction, and logistics.