Tata Motors CV Arm Posts 29% Sales Growth in November, Surpassing Forecasts

The commercial vehicles arm of Tata Motors posted its November sales figures on Monday which exceeded market predictions, reporting 35,539 units sold during the month. The results are a substantial 29 per cent increase compared to the same period last year, when the company sold 27,636 units, demonstrating robust growth in India's domestic market. The performance exceeded anticipated growth rates of 16 per cent, indicating stronger-than-expected activity in freight transportation and infrastructure-related sectors.

The automaker's overseas operations experienced remarkable expansion, with international sales volumes climbing 92 per cent year-on-year to reach 2,786 units, up from 1,453 units in November of the previous year.

Following the sales announcement, Tata Motors Commercial Vehicles Limited (TMCV) shares traded 1.78 per cent higher at ₹358.25 on Monday afternoon at 2:44 PM.

Earlier this month, company leadership expressed confidence about prospects for the remainder of the 2026 financial year. 

Managing Director and CEO Girish Wagh said the division would continue to capitalise on India's growing road transport and infrastructure industries, whilst pursuing new avenues in logistics and environmentally sustainable mobility solutions.

"Strategic changes in recent years have delivered strong margin growth, robust free cash flows, and high return on capital employed," Wagh said.

The sales figures arrive shortly after Tata Motors' commercial vehicles business commenced trading as an independent listed company on 12 November, debuting at ₹335 per share -- a 28 per cent premium above its pre-open price discovery level of ₹260.