Archive · 4 Oct 2026
Tata Motors and Ashok Leyland Report Strong Q2 CV Sales
Tata Motors and Ashok Leyland sold more commercial vehicles in the second quarter of FY27 than they did a year earlier.
Tata Motors’ sales rose 42.7%, while Ashok Leyland’s rose 31.7%.
These vehicles carry goods and materials, so their sales can offer clues about business activity.
Tata Motors said demand came from areas including construction, mining, online shopping and consumer goods.
A lower tax on commercial vehicles and a low comparison base also helped, according to the article.
The sales grew despite a weak monsoon in some areas and economic pressures linked to the Middle East crisis.
But steel and copper have become more expensive, which can squeeze profits.
Both companies raised vehicle prices, and investors will watch whether that protects their margins.
The article presents both stocks as ones to watch, not as a guaranteed investment.
Tata Motors reported second-quarter FY27 commercial vehicle sales of 135,114, up 42.7% year over year.
Ashok Leyland reported 64,677 commercial vehicle sales, up 31.7% year over year.
Tata Motors attributed demand to infrastructure, construction, mining, e-commerce and FMCG activity.
The article says a commercial-vehicle GST cut from 28% to 18% and a low comparison base supported growth.
Higher steel and copper costs are pressuring margins; the companies raised vehicle prices, and investors will watch profitability.
- Who
- Tata Motors and Ashok Leyland, two commercial vehicle manufacturers.
- What
- Both reported year-over-year growth in commercial vehicle sales for the second quarter of FY27.
- When
- The second quarter of FY27, described as the September 2026 quarter.
- Where
- India, with Tata Motors also reporting overseas sales.
- Why
- The article links growth to demand across key industries, tax changes and a low comparison base.
- Tata Motors Q2 FY27 sales
- 135,114 vehicles; up 42.7% year over year.
- Tata Motors domestic sales
- 113,982 vehicles; up 30.9% year over year.
- Tata Motors overseas sales
- 21,132 vehicles; up 177.3% year over year.
- Ashok Leyland Q2 FY27 sales
- 64,677 vehicles; up 31.7% year over year.
- Commercial vehicle GST
- Reduced from 28% to 18% from September 22, 2025.
- Operating profit margins
- Tata Motors reported 10.2% in Q1 FY27; Ashok Leyland reported 10%, down 110 basis points year over year.
- Proposed Iveco combination
- Tata Motors said the combined entity could have revenue of €21 billion if its voluntary tender offer succeeds.
- Standalone P/E cited
- 22.9 for Tata Motors and 23.0 for Ashok Leyland, according to Screener.in.