Archive · 29 Jan 2026
Tata Motors CV Reports Mixed Q3 Results
Tata Motors, which makes big trucks and buses, recently shared its financial results for the last three months of 2025.
They made less profit than last year, but they sold more vehicles and made more money overall.
Their boss, Girish Wagh, said they launched new trucks that are safer and better for the environment.
He also mentioned that the government's spending on roads and buildings will help them sell even more vehicles in the future.
The company is optimistic about growth because of new tax rules and people spending more money during the festive season.
Tata Motors CV reported a 48% fall in net profit to ₹705 crore in Q3 FY26, impacted by exceptional items.
Revenue grew by 16% to ₹21,847 crore, with EBITDA rising 42% to ₹2,883 crore and margins at 13.2%.
CV segment wholesales increased by 20% YoY to 116.8K units, with market share rising to 35.5%.
CEO Girish Wagh highlighted new truck launches and government infrastructure spending as growth drivers.
The company expects demand to strengthen in Q4FY26 due to government infrastructure push and end-use sector expansion.
- Who
- Tata Motors Commercial Vehicles (TMCV)
- What
- Reported mixed Q3 results with a 48% fall in net profit but 16% revenue growth
- When
- Quarter ended December 2025
- Where
- India
- Why
- Impacted by exceptional items and strategic investments
- Company
- Tata Motors Commercial Vehicles (TMCV)
- Q3 Net Profit
- ₹705 crore (down 48% YoY)
- Q3 Revenue
- ₹21,847 crore (up 16% YoY)
- Q3 EBITDA
- ₹2,883 crore (up 42% YoY)
- Q3 EBITDA Margin
- 13.2% (up from 10.8% YoY)
- Q3 CV Segment Wholesales
- 116.8K units (up 20% YoY)
- Q3 CV Market Share
- 35.5% (up 100 bps sequentially)
- CEO
- Girish Wagh
Sources
‘In the midst of calibrating store expansion for Starbucks’: Sunil D’Souza, MD & CEO at Tata Consumer
3 Buy recommendations by Nomura, with up to 95% upside potential
Tata Motors Q3 Results: Net profit declines 48% to ₹705 crore, revenue improves 16.2%
