Tata Motors Ltd, the commercial vehicles business of Tata Group for the first quarter ended June 30, 2026, reported 83% growth in consolidated net profit at ₹2,556 crore due to robust vehicles sales and due to significant mark to market gains on investments in Tata Capital.

Revenue from operations in the quarter grew 19% to ₹20,667 crore. Vehicle sales grew 26% to 1,08,700 units. 

On the Iveco acquisition, the company said “The regulatory approvals are in the final stage, with only one pending approval to be received by the Company. All the queries of the competent authority have been addressed, and the final clearance is expected to be received by end of August 2026.”

“Accordingly, the Tender Offer is expected to be launched in early September 2026 with an expected closure by early November 2026,” it said.

It said Freight Tiger is now a subsidiary with the acquisition of an additional 18.1% equity stake in May 2026 for ₹95.66 crore bringing its total holding to 63.6%.

“This acquisition is aimed at bringing together FleetEdge and Freight Tiger to forge a comprehensive end-to-end digital ecosystem for the entire logistics value chain, covering both the trucks and the trip ecosystem,” the company said.

Girish Wagh, MD & CEO, Tata Motors Ltd. said: “The commercial vehicle industry remained resilient in Q1 FY27, supported by India’s strong economic fundamentals, healthy fleet utilization, and sustained demand across key sectors.”

“Tata Motors delivered a strong quarter, with volumes growing 26% year-on-year, driven by a winning portfolio, focused market interventions, and disciplined execution. These efforts helped us strengthen customer preference and further consolidate our market position,” he said.

“Our ecosystem-led approach to electrification continued to gain momentum, reflected in a growing order pipeline across segments,” he added.