Tata Motors, which now represents the automaker's commercial vehicle business, reported a consolidated net loss of Rs 867 crore for the second quarter of the financial year 2026. This comes against a net profit of Rs 498 crore reported in the corresponding quarter of the previous financial year.

The shares of the company were listed yesterday, after its demerger with the passenger vehicle segment. The firm said that its reported profits were were adversely impacted by Mark-to-Market losses on account of recently listed investments in Tata Capital.

The firm’s revenue from operations however rose 6 percent year-on-year (YoY) to Rs 18,585 crore during Q2 FY26, from Rs 17,535 crore reported in Q2 FY25. Expenses grew more than 15 percent YoY to Rs 19,296 crore during the quarter under review.

Looking ahead, Tata Motors anticipates a strong second half for FY26 with the festive season underway, improving consumption, and the full impact of GST reforms yet to unfold. “Construction, infrastructure, and mining activities will gain momentum, further fueling demand for trucks and tippers," the firm said.

The company added that with a robust pipeline of upcoming launches, and a richer, more customer-aligned product portfolio, it is well-positioned to accelerate this momentum and drive meaningful, broad-based growth and market share improvement across all segments. The business will continue its focus on profitable growth to deliver double digit EBITDA margin and robust cash flows along with high ROCE, it said.

Wagh added that after a subdued start, the rollout of GST 2.0 reforms and the onset of the festive season catalyzed a surge in demand across segments. "We recorded a 12% year-on-year volume growth, led by enhanced product availability, a refined pricing strategy, and intensified market activations," he said.

"Looking ahead to H2 FY26, we anticipate continued momentum from key demand drivers—construction, infrastructure, and mining. These sectors are poised to fuel growth, and our focus will remain on driving sustainable performance and shaping the future of mobility, guided by our brand promise of ‘Better Always’," he added.