Tata Motors Sees 2065% Profit Surge in Q2

Tata Motors Passenger Vehicles Ltd has made headlines by reporting an astonishing 2,065% rise in profit for the quarter ended September 2026. The profit reached a staggering Rs 76,248 crore, largely attributed to a one-time notional gain of Rs 82,616 crore following the company's demerger into separate passenger and commercial vehicle entities. This impressive figure stands in stark contrast to the Rs 3,521 crore profit reported in the same period last year.

However, the company faced challenges, with a 13.5% decline in revenue year-on-year, bringing it down to Rs 72,349 crore. The decline was influenced by a significant cyber incident at Jaguar Land Rover (JLR). Despite this, Tata Motors noted a steady domestic performance, particularly after the reduction in GST, which helped boost consumer confidence.

Shailesh Chandra, the Managing Director & CEO, highlighted that the growth was largely driven by their multi-powertrain portfolio. Notably, CNG and electric vehicle (EV) sales accounted for a remarkable 45% of total volumes in Q2. EV sales surged by nearly 60% year-on-year, with approximately 25,000 units sold, reinforcing Tata Motors' leadership in sustainable mobility.

The month of September was particularly impressive, with overall sales reaching a record 60,000 units and multiple milestones achieved. This strong performance translated into improved revenues and quarter-on-quarter profitability. Tata Motors is optimistic about sustaining this momentum in the second half of FY26, buoyed by a robust booking pipeline and rising consumer confidence. Chandra expressed confidence in the company’s commitment to innovation and several exciting new launches on the horizon.

PB Balaji, Group CFO of Tata Motors, acknowledged the difficulties faced by the business but emphasized the company's determination to emerge stronger post-cyber incident. Both JLR and domestic passenger vehicle segments are strategically positioned to harness the opportunities available in this dynamic industry.

While the global demand remains challenging, Tata Motors sees signs of resurgence in the domestic market. The company's strategy is clear, and its plans are robust, focusing on swift execution to capitalize on the emerging opportunities. With a strong focus on innovation and consumer needs, Tata Motors aims to maintain its competitive edge in the evolving automotive landscape.