Archive · 13 Nov 2025
Tata Motors CV Reports Loss Post-Demerger Amidst Strategic Shifts
Tata Motors' business that makes trucks and buses, called the commercial vehicle arm, recently announced it lost money in the last few months.
This happened after they separated it from the car-making part of the company.
They lost about 867 crore rupees.
A big reason for this loss was because some investments they made in another company, Tata Capital, lost value.
However, the company is still hopeful for the rest of the year.
They expect sales to go up because of the holiday season and new government rules.
They also have new truck models coming out soon.
The company's boss, Girish Wagh, said that even though they lost money this time, they saw good growth in how many vehicles they sold, thanks to better availability and sales strategies.
They are also working on buying another company called IVECO, which should be finished next year.
The company is also discussing new rules about how fuel-efficient vehicles need to be.
Tata Motors' commercial vehicle arm reported a consolidated net loss of Rs 867 crore in the July-September quarter, a shift from a profit of Rs 498 crore a year prior.
The net loss was primarily attributed to mark-to-market losses on the company's investments in Tata Capital.
Revenue from operations increased by 6% year-on-year to Rs 18,585 crore, but expenses rose by over 15%.
Despite the loss, Tata Motors anticipates growth in the second half of the fiscal year, driven by the festive season, GST reforms, and demand from infrastructure sectors.
The acquisition of IVECO is progressing as planned, with regulatory approvals underway and an expected completion by April next year.
- Who
- Tata Motors (Commercial Vehicle Business)
- What
- Reported a consolidated net loss of Rs 867 crore for the July-September quarter post-demerger, attributed to mark-to-market losses on investments in Tata Capital. Revenue increased, but expenses rose significantly.
- When
- July-September quarter, with the earnings announcement on November 13, 2025.
- Where
- India
- Why
- The net loss was largely due to mark-to-market losses on investments in Tata Capital, despite an increase in revenue and volume growth supported by the festive season and GST reforms.
Maruti Suzuki & Allies
Tata Motors, Mahindra, Hyundai, Kia
Fuel Efficiency Norms (CAFE)
Maruti Suzuki & Allies
Maruti Suzuki Chairman RC Bhargava stated that India's proposed CAFE-3 fuel efficiency norms are inappropriate, biased towards large cars, and not suited for India, as they are based on European standards for heavier vehicles.
Tata Motors, Mahindra, Hyundai, Kia
Tata Motors' MD & CEO Girish Wagh indicated a consensus within the commercial vehicle industry on CAFE norms. For MHCV, SIAM recommends the Bharat Vecto system. For LCV, the industry requested an exemption for the N1 category, citing minimal impact on national fuel use and emissions.
- Consolidated Net Loss (Q2 FY26)
- Rs 867 crore
- Consolidated Net Profit (Q2 FY25)
- Rs 498 crore
- Revenue from Operations (Q2 FY26)
- Rs 18,585 crore (up 6% YoY)
- Expenses (Q2 FY26)
- Rs 19,296 crore (up over 15% YoY)
- Volume Growth (Q2 FY26)
- 12% year-on-year
- IVECO Acquisition
- Progressing as planned, expected completion by April next year
Sources
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