Tata Motors CV bets on exports, clean mobility for FY27 growth

MUMBAI: Tata Motors' commercial vehicle business will focus on expanding its international footprint, accelerating electric and alternative-fuel mobility, and rolling out a refreshed product portfolio this fiscal year as it prepares for a moderation in industry growth, according to its FY26 annual report.

The company said industry growth is expected to continue in FY27, albeit at a slower pace than the previous year, amid commodity cost pressures, geopolitical uncertainties, and a high base effect. Against this backdrop, Tata Motors has identified international expansion, profitable growth, and sustainable mobility as key priorities for the year ahead.

"Priorities for FY27 include scaling the refreshed product portfolio, sustaining profitable growth across segments, expanding electric and sustainable mobility offerings and growing international business while navigating geopolitical risks," the company said.


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Chairman N. Chandrasekaran said Tata Motors is building a "future-ready mobility enterprise" through investments in electrification, digital technologies, and alternative-fuel solutions, while leveraging the strategic flexibility created by the demerger of the commercial vehicle business. He also highlighted the proposed acquisition of Iveco Group's industrial and financial services businesses as a transformative step that would significantly strengthen Tata Motors' global commercial vehicle presence.

Managing director and chief executive officer Girish Wagh said the company entered FY27 with "sound fundamentals and a competitive portfolio", despite expectations of more moderate industry growth. He said underlying demand drivers remain favourable, supported by infrastructure spending, improving fleet utilisation, and the ongoing transition towards cleaner and more connected transportation.

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Tata Motors commercial vehicle business is pursuing these ambitions from a position of strength, it noted. In FY26, Tata Motors maintained leadership across the domestic CV market and increased its heavy commercial vehicle market share to 55%, the highest level in a decade. Revenue rose to ?83,855 crore, while EBITDA margin improved to 12.3%, supported by a better product mix, disciplined cost management and a growing contribution from downstream businesses.

The annual report also underscored Tata Motors' clean mobility push. The company expanded its electric commercial vehicle portfolio across buses, trucks and small commercial vehicles during the year and advanced pilot deployments of hydrogen-powered trucks on select freight corridors.


While acknowledging near-term risks from commodity inflation and geopolitical developments, Tata Motors said its broad product portfolio, growing export presence, and investments in future technologies position it to capture emerging opportunities in the commercial vehicle sector.