Tata Motors secured orders for more than 3,400 electric commercial vehicles during the first quarter of FY27, covering freight, logistics and passenger mobility applications.
“We strengthened our leadership in electric commercial vehicles with over 3,400 EV orders across freight, logistics and passenger mobility segments,” Girish Wagh, executive director, Tata Motors, said during the company’s Q1 FY27 media call.
The company did not disclose the value of the orders, the customers involved or the delivery schedule.
Tata Motors Expands Small Commercial Vehicle Portfolio
Tata Motors also expanded its small commercial vehicle portfolio during the quarter with the launch of the Intra EV. It introduced the Ace Gold Plus XL and Intra V40 alongside the electric model, broadening its offering across multiple powertrains.
Tata Motors' Commercial Vehicle Wholesales Rise 26% in Q1 FY27
The development came during a strong quarter for Tata Motors’ commercial vehicle business. Wholesales increased 26 percent year on year to 108,658 units. Domestic volumes rose 26 percent, while exports grew 35 percent.
The company’s share of the domestic commercial vehicle market stood at 36.8 percent, improving by 100 basis points sequentially. It gained market share across heavy commercial vehicles, small commercial vehicles and passenger carriers. Its share of the heavy commercial vehicle segment stood at 56.3 percent.
Tata Motors Grows Exports, Crosses 1 Million CV Production at Lucknow
Tata Motors also started deliveries against an export order from Indonesia and shipped more than 2,000 vehicles by the end of the quarter.
Its Lucknow manufacturing facility crossed the cumulative production milestone of one million commercial vehicles during the period.
Commodity Cost Pressure Continues to Weigh on Margins
The company said commodity costs continued to exert pressure on profitability. It expects pricing discipline, cost efficiencies, operating leverage and supply-chain management to help protect margins.
“While commodity pressure continues to persist, we remain confident in our ability to navigate the environment through a robust product portfolio, continued innovation and a relentless focus on delivering better customer value,” Wagh said