Tata Motors Ltd Share Price – NSE  / BSE

Automobile, Mid Cap

Tata Motors and Castrol India have signed a memorandum of understanding (MoU) to jointly launch a pilot programme for used oil circularity ecosystem.

Under this MoU, the two companies will build a traceable system for collecting, storing and channelising used engine oil from Tata Motors' authorised service network in Karnataka. The pilot addresses a long-standing gap in the responsible management of used oil, a material classified as hazardous waste.

The company said it had already achieved several of its FY2027 targets ahead of schedule, including margin improvement, cash generation and strengthening its leadership position in heavy commercial vehicles.

The company aspires to be the fourth largest global player in the commercial vehicles market after the mega Iveco acquisition.

Tata Motors CV further said that now it will focus on three strategic pillars: strengthening its domestic business, scaling new growth engines and pursuing a global pivot.

The commercial vehicle maker has estimated that its domestic commercial vehicle market share will be 40% in financial year 2028, with margins consistently in double-digits throughout the cycle.

During the upcycle, the company expects margins to reach the mid-teens, with investments rising to about 2%?4% of revenue.

By FY28, Tata Motors CV targets free cash flow of 7%?9% of revenue, while Return on Capital Employed (ROCE) is expected to improve to 30%?35% following the Iveco deal.

The company also noted that it has reduced risk through expansion into digital and downstream services, with demand supported by VAHAN-linked market data.

Additionally, growth in its non-cyclical business is projected to be around 1.5 times faster than its cyclical business.

Tata Motors (formerly TML Commercial Vehicles) is India?s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applications?from last-mile delivery to public transport.

The company had reported 33.81% increase in consolidated net profit to Rs 1,793 crore on a 19.37% rise in revenue from operations to Rs 26,098 crore in Q4 FY26 as compared with Q4 FY25.

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Tata Motors announced that it has secured over 3,400 electric commercial vehicle (eCV) orders across segments, marking a significant inflection point in the mainstream adoption of electric mobility for both freight and passenger transport in India.

The orders comprising ~2,000 SCVs and pick-ups, ~900 trucks, and ~500 buses?cut across a diverse range of applications, from e-commerce, logistics, FMCG and FMCD distribution, and intra-city mobility to demanding sectors such as cement, steel, mining, and tarmac operations, alongside inter- and intra-city passenger transport. This wide ranging deployment underscores growing customer confidence in electric mobility solutions in real-world conditions and strengthens Tata Motors' leadership in advancing India's zero-emission commercial mobility agenda. It also signals a decisive shift from pilot programmes to scaled, operational integration of EVs across use cases.

Electric mobility in commercial vehicles is shifting from early adoption to large-scale deployment in India, with usage expanding across segments and real-world applications. Tata Motors is leading this transition with the widest portfolio of electric commercial vehicles, supported by an enabling ecosystem that ensures electrification is both practical and profitable. Beyond vehicles, the company is partnering closely with fleet owners and customers to optimise performance, uptime, charging, and financing across the entire lifecycle. As adoption of electric commercial vehicles deepens, Tata Motors remains focused on delivering customised, end-to-end solutions that enable customers to transition confidently and seamlessly to zero-emission mobility.

Over the past 12 months, Tata Motors has significantly strengthened its electric commercial vehicle portfolio, introducing a new generation of eCVs tailored to varied duty cycles and operating conditions. In the small commercial vehicle and pick-up segment, the Ace Pro EV, Ace EV, and Intra EV are enabling efficient, sustainable last-mile and intra-city distribution. This has been complemented by expansion into intermediate and heavy-duty segments with the Ultra EV range (7-12T), alongside the Prima EV 55T tractor and Prima EV 28T tipper, designed for more demanding freight requirements. In passenger mobility, offerings including the Starbus EV and Ultra EV buses are supporting both intra city and intercity operations.

The orders include around 2,000 electric small commercial vehicle (eSCVs) and pick-ups, 900 electric trucks and 500 electric buses, with deployments spanning e-commerce, logistics, FMCG and FMCD distribution, mining, cement, steel and passenger transport applications.

The scale and diversity of the order pipeline suggest that fleet operators are increasingly moving from trial projects to full-scale integration of electric vehicles into core operations.

Over the past 12 months, Tata Motors stated that it has significantly strengthened its electric commercial vehicle portfolio, introducing a new generation of eCVs tailored to varied duty cycles and operating conditions.

Alongside product development, Tata Motors has taken an ecosystem-led approach to support adoption at scale. This includes a growing charging network through partnerships with 14 charge point operators, EV-focused financing solutions with leading banks and NBFCs, advanced fleet management through Fleet Edge, and comprehensive uptime assurance programmes.

Tata Motors (formerly TML Commercial Vehicles) is India?s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applications?from last-mile delivery to public transport.

The company had reported 33.81% increase in consolidated net profit to Rs 1,793 crore on a 19.37% rise in revenue from operations to Rs 26,098 crore in Q4 FY26 as compared with Q4 FY25.

The scrip rose 0.60% to currently trade at Rs 404.35 on the BSE.

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