Tata Motors PV posts 2,065% rise in Q2 profit on one-time gain

EV sales surge by 60% in Sept quarter

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Tata Motors had split into two separate entities – passenger vehicles and commercial vehicles – this financial year.

Tata Motors Passenger Vehicles Ltd on Friday posted a massive 2,065 per cent rise in profit to Rs 76,248 crore for the quarter ended September 2026, including a one-time notional gain of Rs 82,616 crore after the demerger. The company reported a profit of Rs 3,521 crore in the same period a year ago 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 (y-o-y) to Rs 72,349 crore in the same period a year ago. “The performance was impacted significantly by the cyber incident at JLR. Domestic performance was steady during the quarter but rebounded post-GST reductions,” the company said.

“Our growth was powered by our multi-powertrain portfolio, with CNG and EV volumes accounting for 45 per cent of our volumes in Q2. EV sales surged by nearly 60 per cent y-o-y with nearly 25,000 units sold in Q2, reaffirming our leadership in sustainable mobility,” Shailesh Chandra, Managing Director & CEO, said.

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“September was particularly noteworthy, with record overall sales of 60,000 units and several other milestones. This strong market performance translated into improving revenues and q-o-q (quarter-on-quarter) improvement in profitability. With a robust booking pipeline and rising consumer confidence, we are poised to sustain this momentum in H2 FY26, guided by our unwavering commitment to innovation and several new launches ahead,” Chandra said.

Tata Motors had 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 difficult period for the business. “However, we are committed to emerging from the cyber incident even stronger. With the demerger completed, both JLR and domestic PV businesses are well poised to leverage the significant opportunities provided by this exciting industry,” Balaji said.

“Demand situation remains challenging globally but domestically there are signs of resurgence. In this context, our strategy is clear, plans robust and we will continue to execute them with speed and rigour to win,” he said.