Commercial Vehicles company Tata Motors announced Q2FY26 results Q2FY26 Financial Highlights: Revenue: Rs 18,370 crore against Rs 17,237 crore during Q2FY25, change 6.6%. EBITDA margins improved to 12.2% (+150 bps) and EBIT margin stood at 9.8% (+200 bps). PBT: Rs 2,211 crore against Rs 984 crore during Q2FY25. Business Highlights: CV segment wholesales at 96.8K units (+12%). Domestic volumes were up by 9% YoY, exports were up by 75%. Domestic CV VAHAN market share steady at 35.3% in H1FY26. HGV+HMV 47.2%, MGV 35.8%, LGV 28.6%, Passenger 36.5%. Entire benefit of GST reduction extended to customers by way of reduction in prices across product range. Strengthened the portfolio with new offerings including Ace Gold+ Diesel, Winger Plus, LPT 812 and LPO 1822 to address diverse customer needs. Signed MoU with Green Energy Mobility Solutions to supply 100 Magna EV intercity coaches. 1300 vehicles of Ace Pro EV billed within 4 months of launch. Girish Wagh, MD & CEO, Tata Motors, said: “Yesterday, November 12, 2025, marked a historic milestone for Tata Motors Ltd as we successfully listed on both the BSE and NSE following the demerger and today, I’m pleased to share that we’ve reported strong Q2 FY26 results. Our financial results underscore a resilient performance, driven by a sound and agile business strategy. After a subdued start, the rollout of GST 2.0 and the onset of the festive season catalyzed a surge in demand across segments. We recorded a 12% year-on-year volume growth, led by enhanced product availability, a refined pricing strategy, and intensified market activations. Looking ahead to H2 FY26, we anticipate continued momentum from key demand drivers—construction, infrastructure, and mining. These sectors are poised to fuel growth, and our focus will remain on driving sustainable performance and shaping the future of mobility, guided by our brand promise of ‘Better Always’.” GV Ramanan, CFO, Tata Motors, said: “For the quarter ended September 30, 2025, we are pleased to report strong financial results underpinned by healthy fundamentals. Our steadfast focus on profitable growth enabled us to deliver strong double-digit EBITDA margins and a ROCE of 45%. With the business now generating consistent cash flows, we achieved the highest-ever H1 FCF for the business, marking a significant milestone in our financial journey. As a newly listed entity, we are well-positioned for the future and remain committed to delivering long-term value to all our stakeholders.” Result PDF