Tata Motors’ Commercial Vehicle Sales Hit Seven Month High in October

Tata Motors Ltd., formerly TML Commercial Vehicles Ltd., posted a nearly 10% on-year rise in total commercial vehicle sales to 37,530 units in October — the highest monthly sales since March. The growth was supported by stronger domestic demand and higher exports.

Domestic commercial vehicle sales rose over 7% on year and nearly 6% from September to 35,108 units, also marking the best performance since March. Exports jumped more than 56% on year to 2,422 units, though slightly lower than 2,714 units shipped in the previous month.

Within the commercial vehicle portfolio, heavy truck sales climbed over 7% to 10,737 units, while intermediate, light, and medium trucks rose nearly 6% to 6,169 units. Passenger carrier sales grew 12% to 3,184 units, and small cargo and pickup vehicle dispatches were up over 7% to 15,018 units.

Last month, Tata Motors completed the demerger of its commercial vehicle business, renaming TML Commercial Vehicles Ltd. as Tata Motors Ltd. The restructured entity now focuses solely on commercial vehicles, while Tata Motors Passenger Vehicles Ltd. houses the passenger vehicle business.