Commercial Vehicles

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 .

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Tata Motors Commercial Vehicles announced a 1.5% price hike across its vehicle portfolio effective April 1, 2026, prompted by rising input costs, especially precious metals and key commodities.

In the past six months, Tata Motors has outperformed the market by soaring 50 per cent, as compared to 2.3 per cent rise in the BSE Sensex.

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OEMs expect strong demand momentum to sustain in Q4FY26, and into H1FY27, post the GST 2.0 reforms, analysts said

The stock price of the commercial vehicles company hit a new high of ₹5,110 in Tuesday's intra-day trade, zooming nearly 400% from its 52-week low of ₹1,030.90 touched on February 28, 2025.

Ashok Leyland reported a 5% rise in Q3FY26 consolidated net profit to ₹862 crore, with revenue up 22% and strong growth in MHCV and LCV volumes

The stock price of Tata Motors hit a new high of ₹492 in intra-day on Wednesday, and has zoomed 50 per cent from its listing day price of ₹327.65 per share on November 12, 2025.

Tata Motors has signed an agreement to supply 70,000 commercial vehicles to Indonesia through its local subsidiary, marking the largest single international CV order, industry insiders said

Mahindra & Mahindra Ltd (M&M) on Wednesday said it has secured an order to supply 35,000 units of its light commercial vehicle Scorpio Pik Up to Indonesian state-owned firm Agrinas Pangan Nusantara. The vehicles will be supplied in 2026 as part of a cooperative project in the South-east Asian country. These pick-up vehicles for the Koperasi Desa/Kelurahan Merah Putih (KDKMP) project will play a crucial role in enhancing logistics for Koperasi (cooperatives) being set up across the country. It also said that the latest vehicle order surpasses the company's total export volumes achieved in FY25. Under the partnership, Mahindra and Agrinas Pangan Nusantara will work together to equip Koperasi with these vehicles to ensure effective and seamless flow of fresh supplies from farmers directly to the marketplace, thereby bridging the gap between producer and consumer. This collaboration aims to enhance rural logistics and enable villages to become independent centres of economic ...

Nomura, which has a 'Buy' rating on Tata Motors with a target price of ₹547, sees clear signs of a CV upcycle gathering momentum, driven by improving industry fundamentals.

Tata Motors stock outlook: Key drivers in 2026 will include the govt's sustained infra push and expansion in end-use sectors, both of which are expected to fuel positive momentum for the CV industry.

Tata Motors Q3 Preview: Nomura notes that MHCV volumes rose 24 per cent Y-o-Y, leading to a similar 24 per cent increase in revenues on both a Y-o-Y and Q-o-Q basis.

Ashok Leyland management believes MHCV industry would remain buoyant in H2, led by growth in broad-based consumption and increase in infrastructure activity.

Nomura expects TMCV's India business to be a key beneficiary of the anticipated recovery, supported by its dominant 46 per cent market share in the domestic MHCV segment in FY25.

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).

In the past one month, Ashok Leyland has outperformed the market by surging 18 per cent, as compared to 1.3 per cent decline in the BSE Sensex.

The momentum was not limited to retail-focused segments, the brokerage noted. The medium and heavy commercial vehicle (MHCV) industry showed clear signs of revival after a prolonged 15-month downturn.