Tata Motors Passenger Vehicles shares declined 3.47% to an intraday low of ₹273.65 on Thursday, October 1, despite the company reporting a 40% year-on-year increase in total passenger vehicle sales for Q2 FY27. According to The Economic Times, the stock was trading at around ₹274 apiece on the NSE, down from the previous close of ₹283.50. The company recorded total passenger vehicle sales of 2,01,723 units in Q2 FY27 across domestic and international markets, compared with 1,44,397 units in Q2 FY26. The stock's decline came amid broader auto sector weakness, with the Nifty Auto index down 4.47% at 25,117 levels.
EV sales remained a key growth driver for Tata Motors Passenger Vehicles, with combined domestic and international EV sales rising 67% year-on-year to 15,384 units in September 2026 from 9,191 units. For Q2 FY27, EV sales surged 90% to 47,150 units from 24,855 units in Q2 FY26. As reported by The Economic Times, EV penetration in the company's portfolio rose to 23%, compared with around 8% for the industry. The EV figures include sales of Tata Passenger Electric Mobility Ltd, a subsidiary of Tata Motors Passenger Vehicles Ltd. Recent data shows sales including electric vehicles rose 114% to 15,217 units in July 2026, with domestic sales totaling 62,611 units and international sales reaching 1,149 units. In September 2026, the company's total PV sales, including EVs, reached 70,210 units, representing a 15% increase over the 60,907 units sold in September 2025.
According to the latest business update, Tata Motors Passenger Vehicles reported a 24.5% year-on-year increase in Jaguar Land Rover's wholesale volumes to 82,400 units in Q2, reflecting recovery from the impact of a cyber incident a year ago. However, JLR's retail sales fell 7.5% year-on-year to 79,000 units during the quarter. In the first quarter for fiscal 2026-27, the company's consolidated net profit fell 80.3% to ₹775 crore, compared to ₹3,924 crore for the same quarter of the previous financial year. Revenue rose 9.3% to ₹95,799 crore, compared to ₹87,677 crore in the year-ago period, while EBITDA was down 17.2% to ₹6,326 crore, compared to ₹7,639 crore in the preceding fiscal. The EBITDA margin contracted 6.6% from 8.7% on a year-on-year basis, with the EBIT margin contracting to 2.8% from 4%.
According to ET Now, Tata Motors has unveiled its long-term strategic roadmap at its Investor Day 2026, outlining ambitious growth targets. The company is targeting a 15% compound annual growth rate (CAGR) in volumes over the next five years, with electric vehicles and compressed natural gas vehicles expected to remain key growth drivers. Tata Motors is also targeting a significant improvement in operational efficiency and profitability, aiming to achieve a consolidated EBIT margin of 7% by FY29 and increase it to 10% by FY31. On the adjusted profit before tax front, the company has set a target of ₹30,000 crore for FY29 and ₹50,000 crore for FY31. Recent trading shows the stock down 2.17% at ₹353.65 apiece on the NSE, reflecting continued market pressure despite strong fundamentals.
