Tata Motors is hoping for the completion demerger of its commercial vehicles business by October 1. In an exchange filing, containing Q1 results, Tata Motors said that the final hearing for the scheme of demerger was concluded by the National Company Law Tribunal on August 8, and an order is reserved.
PB Balaji, Group Chief Financial Officer of Tata Motors, said in a statement, “Against the backdrop of the upcoming demerger in October 2025, our focus remains firmly on delivering a strong second-half performance.”
Tata Motors’ Board of Directors approved the demerger of the company’s commercial vehicle business of the company in August 2024.
Tata Motors Q1 results: Commercial vehicles business
Tata Motors’ commercial vehicles (CV) segment’s revenue stood at Rs 17,000 crore in Q1 FY26. The segment’s revenue saw a 4.7 per cent YoY decline in the quarter. The company’s profit before tax stood at Rs 1,700 crore in the quarter.
CV segment’s total sales stood at 88,000 units in the quarter. The segment’s total sales, by units, declined 6 per cent YoY as it stood at 93,700 units in Q1 FY25.
Girish Wagh, Executive Director, Tata Motors, said, “Q1 FY26 was a challenging quarter for the commercial vehicle industry, with subdued demand across key segments impacting overall performance. We also witnessed a decline in domestic sales volumes, reflecting broader market softness and delayed fleet replacement cycles.”
Wagh added that the acquisition of IVECO Group is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem.