Tata Motors Passenger Vehicles Limited (TMPVL) has reported strong revenue growth for the second quarter of FY27, with its domestic passenger vehicle business recording its highest-ever quarterly revenue of ₹20,423 crore.The company also reported a 90% year-on-year increase in electric vehicle sales, reinforcing its position in India’s rapidly evolving EV market.

Announced on November 13, 2026, the Q2 FY27 results reflect growth across both Tata Passenger Vehicles and Jaguar Land Rover (JLR), although commodity cost pressures, foreign exchange movements and adverse market mix continued to affect profitability.

At the consolidated level, Tata Motors reported revenue of ₹96,920 crore, marking a 34% increase compared with the corresponding quarter last year. EBITDA margin stood at 6.2%, improving by 630 basis points year-on-year, while EBIT margin reached 1.1%.

The domestic passenger vehicle business delivered revenue of ₹20,423 crore, representing 50.9% growth year-on-year. Vehicle volumes increased by 40%, significantly outperforming the industry. However, EBITDA margin declined to 4.0% due to commodity and foreign exchange pressures.

Tata Motors Strengthens EV Market Leadership

Electric vehicle sales emerged as a major growth driver during the quarter, increasing by 90% year-on-year. Tata Motors recorded a 43% EV market share, according to Vahan data, despite increasing competition and the entry of new players.

The company also reported that alternative powertrains accounted for more than 50% of its portfolio penetration during Q2 FY27, with EVs contributing 23% and CNG models accounting for 28%.

Tata Motors introduced several product updates, including the all-new Tata Aeris, Curvv Series X, Sierra Legend Series and Sierra Dark Edition. It also extended its Battery-as-a-Service (BaaS) offering across its entire electric vehicle portfolio.

JLR Unveils Three New Luxury Electric Vehicles

Jaguar Land Rover reported quarterly revenue of £5.9 billion, up 20.3% year-on-year, with an EBITDA margin of 6.6%.

During the quarter, JLR unveiled three new luxury electric vehicles: the Range Rover Electric, Range Rover Sport Electric and Jaguar Type 01. All three models are being built in Solihull, UK, with customer deliveries expected to begin in early 2027.

Looking ahead, Tata Motors plans to sustain domestic growth, expand EV adoption and improve profitability through cost-reduction initiatives. JLR will focus on building momentum through its upcoming electric vehicle launches.

The company entered Q3 FY27 on a strong footing, recording its highest-ever monthly sales volume of 75,400 units in October 2026.