Q2 FY27 Commercial Vehicle Sales at 1,35,114 Units, Up 42.7% YoY
Q2 FY27 total CV sales 1,35,114 units vs 94,681 units, up 42.7% YoY.
- Q2 FY27 Total CV Sales
- 1,35,114 units vs 94,681 units, up 42.7% YoY
- September 2026 CV Sales
- 51,062 units vs 35,862 units, up 42.4%
- International Business Q2
- 21,132 units vs 7,620 units, up 177.3%
- EV Volumes Growth
- Grew 2.4X YoY in Q2 FY27
- H1 FY27 Total Volumes
- 2,43,602 units, up 35.1% YoY
What was reported
Tata Motors (formerly TML Commercial Vehicles) released its Q2 FY27 commercial vehicle sales volumes.
- Total CV Q2 FY27: 1,35,114 units vs 94,681 units, up 42.7%
- Total CV September 2026: 51,062 units vs 35,862 units, up 42.4%
- Total CV Domestic Q2: 1,13,982 units vs 87,061 units, up 30.9%
- International Business Q2: 21,132 units vs 7,620 units, up 177.3%
Segment view (Q2 FY27)
- HCV Trucks: 33,756 units vs 24,056, up 40.3%
- ILMCV Trucks: 20,949 units vs 16,845, up 24.4%
- Passenger Carriers: 15,455 units vs 11,428, up 35.2%
- SCV cargo and pickup: 43,822 units vs 34,732, up 26.2%
Other details
- Domestic MH&ICV Q2 FY27: 55,582 units vs 41,461 units, up 34.1%
- Domestic & international MH&ICV Q2: 59,194 units vs 45,095 units, up 31.3%
- EV volumes grew 2.4X YoY in Q2 FY27
- H1 FY27 volumes: 2,43,602 units, up 35.1% YoY
Management commentary
The MD & CEO attributed broad-based growth to infrastructure, construction and mining activity for HCVs, e-commerce and FMCG/FMCD logistics for ILMCVs, and consumption-led freight for SCVPU. Passenger transportation was supported by last-mile mobility, government orders and intercity travel. Fleet utilisation levels were described as stable.
Watch-outs flagged by management
- Commodity costs described as a significant concern
- Diesel prices, potential interest rate hikes and global uncertainties are monitorables
- A high H2 base could moderate growth rates
Monthly and quarterly volumes are a demand indicator; revenue and margins are reported separately with quarterly results.
Also from Tata Motors
SIAM report: production, domestic sales and export volumes for July-September 2026
6 Oct 2026
Tata Motors' JLR business showed a sharp rebound in Q2 wholesale volumes while retail sales diverged
5 Oct 2026
Tata Motors to hold Q2FY27 investor/analyst conference call on October 23, 2026 at 6:30 p.m. IST
5 Oct 2026
More numbers
- Total CV sales Q2 FY271,35,114 units
- Total CV sales Q2 FY2694,681 units
- Total CV YoY growth Q242.7%
- September 2026 total CV sales51,062
- September 2025 total CV sales35,862
- September total CV growth42.4%
- Total CV Domestic Q2 FY271,13,982
- Domestic CV growth Q230.9%
- International Business Q2 FY2721,132
- International Business growth Q2177.3%
- H1 FY27 volumes2,43,602 units
- H1 FY27 growth35.1%
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