Tata Motors Commercial Vehicles has acquired a 26% ownership stake in Traveltime E-Mobility Chennai, establishing the Chennai-based company as an associate entity. This strategic investment represents Tata Motors' continued focus on expanding its presence in the electric mobility sector.

Strategic Partnership Details

The acquisition establishes a formal partnership between Tata Motors Commercial Vehicles and Traveltime E-Mobility Chennai. With the 26% stake acquisition, Traveltime E-Mobility Chennai now operates as an associate company under Tata Motors' portfolio.

E-Mobility Sector Expansion

This investment aligns with Tata Motors' broader strategy in the electric vehicle and e-mobility space. The partnership with Traveltime E-Mobility Chennai provides Tata Motors with enhanced access to the Chennai market and specialized e-mobility solutions.

The associate company structure allows Tata Motors to leverage Traveltime E-Mobility's local expertise while maintaining strategic influence through its ownership position. This approach supports Tata Motors' commercial vehicle electrification initiatives and market expansion goals.

Tata Motors Limited delivered impressive sales performance in Q3FY26, reporting total sales of 1,15,577 units across domestic and international markets, compared to 95,770 units in Q3FY25. This represents a robust 21% year-on-year growth, demonstrating the company's strong market position in the commercial vehicle segment. The quarterly performance was complemented by December 2025 sales of 42,508 units, marking a 25% increase from 33,875 units in December 2024.

Strong Performance Across Commercial Vehicle Segments

The company's domestic commercial vehicle sales showed consistent growth across multiple categories during Q3FY26. Total domestic CV sales reached 1,07,918 units compared to 91,260 units in Q3FY25, reflecting an 18% year-on-year increase.

December 2025 Monthly Performance

December 2025 witnessed strong momentum across all commercial vehicle segments, with domestic sales reaching 40,057 units compared to 32,369 units in December 2024, representing 24% growth.

Production and Export Performance

According to the official SIAM report filed under Regulation 30, Tata Motors demonstrated strong production capabilities across various vehicle categories during Q3FY26. The company's export performance showed significant improvement with enhanced international market penetration.

International Business Shows Strong Growth

Tata Motors' international commercial vehicle business demonstrated exceptional performance with 7,659 units sold in Q3FY26 compared to 4,510 units in Q3FY25, achieving 70% year-on-year growth. December 2025 international sales reached 2,451 units versus 1,506 units in December 2024, marking 63% growth. The SIAM data reveals enhanced export performance across multiple vehicle categories, with total exports reaching 7,659 units compared to 4,510 units in the previous year quarter.

Management Commentary on Market Drivers

Girish Wagh, MD & CEO of Tata Motors Limited, attributed the strong performance to multiple factors including GST 2.0 implementation and festive season momentum from Q2FY26. The company benefited from recovery in construction and mining activities following the extended monsoon period, along with sustained demand from core sectors and auto logistics.

The management highlighted that domestic sales of MH&ICV reached 53,105 units in Q3FY26 compared to 44,023 units in Q3FY25. Combined domestic and international MH&ICV sales totaled 57,080 units versus 46,108 units in the previous year quarter.

Future Outlook and Strategic Positioning

The company expects demand strengthening across most commercial vehicle segments in Q4FY26, driven by government infrastructure initiatives and expansion in end-use sectors. Management emphasized Tata Motors' readiness to capitalize on market opportunities through optimized product portfolio, strategic pricing, and enhanced customer engagement through market activations. The comprehensive SIAM report filing demonstrates the company's commitment to transparency and regulatory compliance while showcasing robust operational performance across production, domestic sales, and export segments.