Tata Motors Ltd Share Price – NSE  / BSE

Automobile, Mid Cap

Tata Motors sales in the domestic & international markets for January 2026 stood at 41,549 units, compared to 31,988 units during January 2025, up 29.9% YoY.

Domestic sales stood at 38,844 units (up 29.1% YoY) and international business at 2,705 units (up 42% YoY).

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On a consolidated basis, net profit declined 48% YoY to Rs 705 crore in Q3 FY26 from Rs 1,355 crore a year ago. Sequentially, it returned to profit from a loss of Rs 867 crore in Q2 FY26.

Revenue rose 16.2% YoY to Rs 21,732 crore in Q3 FY26 from Rs 18,697 crore in Q3 FY25. On a sequential basis, revenue increased 17.5% QoQ from Rs 18,491 crore.

Profit before tax fell 39.6% YoY to Rs 925 crore compared with Rs 1,531 crore in the year-ago quarter. Sequentially, PBT improved sharply from a loss of Rs 561 crore in Q2 FY26.

On the cost front, total expenditure increased 22.6% YoY to Rs 20,607 crore. Raw material consumption climbed 20.0% YoY to Rs 12,531 crore. Employee expenses edged up 3.9% YoY to Rs 1,450 crore. Interest costs declined 43.8% YoY to Rs 198 crore, while depreciation fell 13.3% YoY to Rs 483 crore.

Earnings during the quarter were impacted by exceptional losses of Rs 1,643 crore, linked to the implementation of the new labour code, demerger-related expenses and acquisition costs.

Operationally, CV wholesales stood at 116.8 thousand units, up 20% YoY. Domestic volumes rose 18% YoY, while export volumes surged 70% YoY. The company?s domestic CV VAHAN market share improved by 100 bps sequentially to 35.5% in Q3 FY26.

Industry-wise, management expects demand to strengthen further in Q4 FY26, aided by the government?s sustained infrastructure push and improving activity across end-use sectors. With an optimised product portfolio, pricing discipline and deeper customer engagement, Tata Motors expects to remain well positioned to capture incremental CV demand.

Girish Wagh, MD & CEO, Tata Motors said: Disciplined execution of an agile strategy delivered yet another strong financial performance this quarter, supported by demand tailwinds from GST 2.0 and the festive season. Our recent launch of 17 next-generation trucks under the ?Better Always? philosophy sets new benchmarks in safety, total cost of ownership, and smarter, emission-free mobility, reinforcing our commitment to innovation and industry leadership. With infrastructure spending accelerating, we are well positioned to sustain momentum and drive continued growth.

GV Ramanan, CFO, Tata Motors said: We delivered another strong quarter, translating robust operational execution and healthy demand across key segments into meaningful financial outcomes. The quarter marked significant milestones, including our 10th consecutive quarter of double-digit EBITDA margins and achievement of double-digit EBIT margins. This strong operating performance coupled with disciplined working capital management, led to robust free cash flow generation. With this trajectory, we remain confident of delivering on our stated financial guidance.

Tata Motors is India's largest commercial vehicles (CV) manufacturer with the widest product and service portfolio across cargo and public transportation segments.

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Tata Motors will hold a meeting of the Board of Directors of the Company on 29 January 2026.

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The key equity barometers ended near the flat line. The Nifty closed near 25,150 mark, trading activity was volatile and range-bound due to lack of major economic triggers, and the expiry of weekly Sensex derivatives contracts. Investors are now shifting focus to the upcoming earnings season.

Auto shares witnessed buying demand for third consecutive trading session on the back of monthly sales announcements.

As per provisional closing data, the barometer index, the S&P BSE Sensex declined 32 points or 0.04% to 85,188.60. The Nifty 50 index gained 16.95 points or 0.06% to 26,146.55.

In the broader market, the S&P BSE Mid-Cap index climbed 0.27% and the S&P BSE Small-Cap index fell 0.02%.

The market breadth was positive. On the BSE, 2,211 shares rose and 1,952 shares fell. A total of 171 shares were unchanged.

Buzzing Index:

The Nifty Auto index jumped 1.03% to 28,480.55. The index rallied 3.22% for the three consecutive trading sessions.

Ashok Leyland (up 3.35%), Bajaj Auto (up 2.43%), Samvardhana Motherson International (up 2.2%), TVS Motor Company (up 2%), Mahindra & Mahindra (up 1.38%), Hero MotoCorp (up 1.2%), Tube Investments of India (up 0.91%), Eicher Motors (up 0.45%), Bosch (up 0.35%) and Exide Industries (up 0.25%) surged.

Monthly Auto Sales:

Tata Motors (formerly TML Commercial Vehicles) added 2.78% after the company?s total sales commercial vehicle (CV) jumped 25% to 42,508 units in December 2025 compared with 33,875 units sold in December 2024.

Mahindra & Mahindra (M&M) rose 1.40% after the company reported 25% increase in total auto sales for December 2025, selling 86,090 vehicles during the period under review as against 68,814 vehicles sold in December 2024.

Ashok Leyland rallied 3.13% after the company reported a 27% increase in total commercial vehicle sales to 21,533 units in December 2025, up from 16,957 units sold in December 2024.

Maruti Suzuki India rose 0.15%. The company reported total sales of 2,17,854 units in December 2025, marking a 22.21% increase compared to 1,78,248 units sold in the same month last year.

Eicher Motors added 0.45%. The company?s unlisted subsidiary, VE Commercial Vehicles (VECV), reported a 24.7% year-on-year jump in commercial vehicle (CV) sales to 10,384 units in December 2025.

Steel Strips Wheels (SSWL) surged 8.36% after the company reported a net turnover of Rs 446.59 crore for December 2025, marking a 22.44% year-on-year (YoY) increase compared to Rs 364.74 crore recorded in December 2024.

Escorts Kubota gained 2.71% after the company?s agri-machinery business division sold 7,577 tractors in December 2025, registering a growth of 38.5% compared with 5,472 tractors sold in December 2024.

Stocks in Spotlight:

Dr Reddy?s Laboratories declined 1.47%. The company announced that its wholly owned subsidiary, Dr. Reddy?s Laboratories SA, Switzerland, has received a Complete Response Letter (CRL) from the USFDA for its Biologics License Application (BLA) for AVT03 (denosumab).

Kalpataru Projects International (KPIL) shed 0.23%. The company along with its joint venture, has secured new orders worth approximately Rs 719 crore.

Blue Dart Express gained 2.81% after tax authorities largely dropped a Rs 420.78 crore GST demand on its subsidiary Blue Dart Aviation.

Dev Information Technology (IT) jumped 4.88% after the company secured a noteworthy order worth Rs 1.90 crore from the Directorate of Food and Civil Supplies, an undertaking of the Food, Civil Supplies and Consumer Affairs Department, Gujarat.

KEC International rose 0.44%. The company announced that it has secured new orders totalling Rs 1,050 crore across its various business verticals.

Global Markets:

Major markets in the US, Europe and Asia will remain shut today on account of the New Year?s Day holiday.

Overnight in the U.S., the S&P 500 pulled back on Wednesday, though the index still closed out a bumper year.

The broad market S&P 500 dipped 0.74% and closed at 6,845.50, while the Nasdaq Composite fell 0.76% and ended at 23,241.99. The Dow Jones Industrial Average lost 303.77 points, or 0.63%, and settled at 48,063.29.

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