Tata Motors Passenger Vehicles Ltd on Friday reported a whopping 2,065 per cent rise in profits to Rs 76,248 crore for the quarter ended September 2026, including a notional one-time gain of Rs 82,616 crore post the merger. The company reported a profit of Rs 3,521 crore in the same period last year and Rs 4,003 crore in the June quarter of FY26.
The company’s revenue saw a 13.5 per cent decline year-on-year to Rs 72,349 crore in the same period last year. “Performance was significantly impacted by the cyber incident at Jaguar Land Rover. Domestic performance was flat during the quarter but rebounded from post-GST cuts,” the company said.
“Our growth was driven by our multi-engine portfolio, with CNG and EV volumes accounting for 45 per cent of our volumes in Q2. EV sales were up nearly 60 per cent year-on-year with nearly 25,000 units sold in Q2, reaffirming our leadership in sustainable mobility,” said Shaish Chandra, Managing Director and CEO.
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“September was particularly noteworthy, with record total sales of 60,000 units and several other milestones. This strong market performance translated into improved revenues and improved profitability on a quarterly basis. With a strong booking pipeline and increasing consumer confidence, we are poised to sustain this momentum in the second half of FY26, guided by our unwavering commitment to innovation and many new launches to come,” Chandra said.
Tata Motors split into two separate entities – passenger vehicles and commercial vehicles – this financial year.
According to PB Balaji, Group CFO, Tata Motors, it has been a tough period for the business. “However, we are committed to emerging from the cyber incident stronger. With the completion of the merger, both Jaguar Land Rover and the local PV companies are well placed to capitalize on the significant opportunities presented by this exciting industry,” Balaji said.
He added: “The demand situation remains a challenge at the global level, but there are signs of demand recovery at the local level. In this context, our strategy is clear, our plans are strong and we will continue to implement them quickly and rigorously to achieve victory.”
© Indian Express Company Limited
(Tags for translation) Tata Motors Passenger Vehicles Limited
