Tata Motors reported record financial results for Q4 and the full financial year FY26, driven by strong commercial vehicle demand, higher exports, improved realizations and disciplined cost management. The company’s standalone commercial vehicle revenue for Q4 FY26 rose 22 per cent year-on-year to ₹24,452 crore, while EBITDA increased 35 per cent to ₹3,400 crore with margins improving to 13.9 per cent. Profit before tax surged 58 per cent to ₹2,972 crore, while quarterly profit after tax climbed 70 per cent to ₹2,400 crore.
For the full year FY26, standalone revenue stood at ₹77,399 crore, up 11 per cent, while EBITDA grew 22 per cent to ₹10,200 crore. Free cash flow increased to ₹9,186 crore and the domestic business ended the year with a net cash position of ₹7,500 crore. The Board recommended a final dividend of ₹4 per share. The company said FY26 commercial vehicle wholesales touched 428,000 units, up 14 per cent, while exports jumped 54 per cent. Tata Motors also launched 17 next-generation trucks, introduced the Ace Pro mini-truck range and secured a major order of 70,000 vehicles from Indonesia. The company expects completion of the proposed Iveco acquisition by Q2 FY27 after pending regulatory approvals.
Managing Director and CEO Girish Wagh said the commercial vehicle industry crossed pre-FY19 peak volumes due to GST reforms and infrastructure spending. CFO GV Ramanan said strong margins, free cash flow and efficient capital management helped the company exceed its medium-term targets despite commodity cost pressures. In Kolkata, Tata Motors’ strong performance is expected to boost commercial vehicle demand across eastern India. Industry stakeholders believe rising infrastructure activity, logistics expansion and demand for affordable mini-trucks in the Kolkata market could further strengthen Tata Motors’ presence in the region.
