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Tata Motors slows down with 8.5 per cent dip in Q1 vehicle sales
MUMBAI: When the going gets tough, even the trucks slow down and Tata’s latest sales pitstop shows just that. Tata Motors hit a speed bump in the first quarter of FY26, clocking 2,10,415 units in total vehicle sales, a decline of 8.5 per cent year-on-year from 2,29,891 units in Q1 FY25. The slide was felt across both passenger and commercial segments, as domestic demand cooled off amid high base effects, macro headwinds, and flat market sentiment in May and June.
Commercial vehicles bore the brunt, with total CV sales down 6 per cent YoY to 85,606 units. While HCV trucks fell 12 per cent, and small commercial vehicles (SCVs and pickups) dropped 17 per cent, there was some traction in ILMCV trucks and passenger carriers, which managed modest growth of 5 per cent and 1 per cent respectively. Interestingly, Tata’s international CV business was in overdrive revving up 68 per cent over the same quarter last year, thanks to new markets like Egypt and expanded play in the MENA region.
Passenger vehicles also faced headwinds, with sales slipping 10% to 1,24,809 units, of which EVs contributed 16,231 units, a marginal 2 per cent dip YoY. The good news? Electric optimism is holding charge. EV sales picked up pace towards the quarter’s end, and new launches like the Altroz and Harrier.ev are expected to spark further momentum in the months ahead. The refreshed Tiago, meanwhile, zipped ahead with 16 per cent YoY growth.
In the domestic market alone, Tata sold 2,03,411 vehicles, down 10 per cent, while international business sales rose on the back of a strong 67.9 per cent lift in CV exports.
Tata Motors executive director Girish Wagh called it a “subdued start” to the fiscal, pointing to muted demand in heavy and small truck segments. But he remained upbeat, banking on a “healthy monsoon, repo rate cuts, and infrastructure push” to recharge CV demand in coming quarters. The company also launched India’s most affordable mini-truck, the Ace Pro, in multiple fuel variants, and introduced air-conditioned cabins across its truck range, a move aimed at improving driver comfort in gruelling conditions.
Passenger Vehicles MD Shailesh Chandra, meanwhile, struck a cautiously optimistic note: “The EV segment was a bright spot,” he said, adding that Tata is “well positioned” to build on its lead with a fresh lineup across hatchbacks and SUVs.
With the festive season on the horizon and fuel prices stabilising, Tata’s drive through FY26 may yet shift back into a higher gear. For now though, it’s a recalibration pitstop and the engines are humming, but not quite roaring.
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Hyundai and TVS Motor partner to develop electric three wheelers
Joint development pact targets last mile mobility with localisation push
MUMBAI: Three wheels, one big ambition and a charge towards the future. Hyundai Motor Company and TVS Motor Company have signed a joint development agreement to co-create electric three-wheelers (E3Ws), aiming to crack India’s complex last-mile mobility puzzle. The collaboration moves beyond concept talk into execution mode, building on the E3W prototype first showcased at the Bharat Mobility Global Expo 2025. The goal now is clear, design, develop and commercialise a purpose-built vehicle tailored to Indian roads, riders and realities.
Under the agreement, Hyundai will lead design and co-development, bringing its global R&D muscle and human-centric engineering approach to the table. TVS Motor, meanwhile, will anchor the product on its electric platform, leveraging deep three-wheeler expertise and local market insight. It will also handle manufacturing and sales in India, with an eye on exports down the line.
The timing is strategic. India remains the world’s largest three-wheeler market, where affordability, durability and adaptability often outweigh sheer innovation. The upcoming E3W aims to strike that balance combining advanced technology with practical features such as adaptive ground clearance for monsoon-hit roads, improved thermal management for tropical climates, and flexible interiors suited for passengers, cargo or emergency use.
A key pillar of the partnership is localisation. Major components will be sourced and manufactured within India, a move expected to strengthen the domestic supply chain, create jobs, lower costs and improve after-sales support.
The shift from prototype to production will involve rigorous testing, certification and refinement to meet regulatory standards and consumer expectations. Dedicated cross-functional teams from both companies are already in place to accelerate timelines.
At a broader level, the tie-up reflects a growing trend in mobility, global players partnering with local specialists to navigate emerging markets. For Hyundai and TVS, the bet is that combining scale with street-level insight could unlock a new chapter in sustainable urban transport, one that runs not just on electricity, but on relevance.
