Tata Motors Commercial Vehicles Ltd reported a strong start to FY27, with consolidated profit attributable to owners rising 83.3% year-on-year to Rs 2,560 crore for the quarter ended June 30, 2026, up from Rs 1,397 crore in the same period last year.
Consolidated revenue from operations grew 19.3% YoY to Rs 20,667 crore, compared with Rs 17,324 crore in Q1FY26. EBITDA climbed 57.6% YoY to Rs 3,272 crore, pushing the EBITDA margin to 15.83%, sharply higher than 11.98% a year earlier. Total expenses for the quarter stood at Rs 18,038 crore, against Rs 15,982 crore in the year-ago period.
Girish Wagh, MD & CEO, Tata Motors Ltd, said the commercial vehicle industry stayed resilient through Q1FY27, buoyed by India’s strong economic fundamentals, healthy fleet utilisation and sustained demand across sectors. He noted that volumes grew 26% YoY, driven by the company’s product portfolio, focused market interventions and disciplined execution.
Wagh also pointed to growing traction in the company’s electrification push, with the eSCV segment recording nearly 10% salience in May and June and around 47% market share in Q1 – a sign of rising adoption of electric commercial vehicles.
Looking ahead, Wagh said Tata Motors remains focused on leveraging its product portfolio and continued innovation to deliver greater customer value, with the goal of strengthening market leadership and driving sustainable, profitable growth in the quarters ahead.
