Segment-Level Performance of TMCV
All four domestic CV segments posted double-digit growth in Q1FY27. SCV cargo and pickup vehicles led the pack with a 36% rise to 38,346 units from 28,251 units. Passenger carriers rose 23% to 18,540 units from 15,089 units. HCV trucks grew 22% to 26,491 units from 21,735 units, while ILMCV trucks posted 17% growth to 16,971 units from 14,497 units.
Accounting for the monthly breakout, June 2026 saw SCV cargo and pickups rise 37% to 13,728 units. HCV trucks rose 31%, ILMCV trucks were up 27% and passenger carriers grew 24%. On the medium and heavy CV front, domestic MH&ICV sales in June 2026 came in at 16,327 units versus 12,871 units in June 2025, a gain of 27%. For Q1FY27 as a whole, domestic MH&ICV volumes reached 44,571 units, up 19% from 37,370 units in Q1FY26.
Electric commercial vehicles also saw strong traction, with EV volumes recording 4.4 times YoY growth in Q1FY27. The company noted that electric SCVs and pick-ups achieved their highest ever salience of approximately 10% for the months of May and June.
Category
| June '26
| June '25
| % Change
| Q1 FY27
| Q1 FY26
| % Change
|
HCV Trucks
| 9,645
| 7,359
| 31%
| 26,491
| 21,735
| 22%
|
ILMCV Trucks
| 6,186
| 4,863
| 27%
| 16,971
| 14,497
| 17%
|
Passenger Carriers
| 7,040
| 5,658
| 24%
| 18,540
| 15,089
| 23%
|
SCV Cargo & Pickup
| 13,728
| 10,056
| 37%
| 38,346
| 28,251
| 36%
|
Total CV Domestic
| 36,599
| 27,936
| 31%
| 1,00,348
| 79,572
| 26%
|
International Business
| 4,206
| 2,302
| 83%
| 8,140
| 6,034
| 35%
|
Total CV
| 40,805
| 30,238
| 35%
| 1,08,488
| 85,606
| 27%
|
Management Commentary of TMCV
Girish Wagh, Managing Director and CEO of Tata Motors Ltd, said the company commenced FY27 on a positive note, delivering consistent double-digit growth in each month of the year so far. He noted that despite heightened geopolitical uncertainties, quarterly sales stood at 1,08,488 units, up 27% YoY, reflecting healthy industry fundamentals and sustained demand across segments.
He added that HCV growth continues to be supported by increased freight availability, infrastructure and mining activity, while ILMCV demand is being driven by e-commerce, FMCG and courier and parcel services. On the outlook, he said commodity pressures will persist, but the company expects momentum to continue, driven by gradual improvement in customer sentiment and growth in auto, port logistics, e-commerce and core sectors, with the monsoon remaining a key monitorable.
International Business
The company noted progress in resuming international deliveries, with shipments for the Indonesia order commencing and export supplies to the Middle East gradually resuming following a two-month pause.
About Tata Motors Limited
Tata Motors Limited is India's largest and a globally renowned manufacturer of utility vehicles, pick-up trucks and buses. Part of the Tata Group, the company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia and SAARC countries.
