Tata Motors Passenger Vehicles (TMPVL), one of the leading car manufacturers in the country, has announced its financial results for Q2 FY2026.

The company reported revenue of INR 723 billion, down 13.5 percent YoY and loss before tax came at INR 54.62 billion, down 47 percent YoY. On the other hand, the net profit came at 762 billion, on the back of a notional profit on disposal of discontinued operations of INR 826 billion.

The consolidated performance was significantly impacted by a cyber incident at Jaguar Land Rover (JLR).

Tata Motors-owned British luxury marque brand Jaguar Land Rover reported revenue was down by 24.3 percent to GBP 4.9 billion in Q2 FY26. All JLR metrics were impacted by the cyber incident.

Adrian Mardell, Chief Executive Officer, JLR, said, “JLR’s performance in the second quarter of FY26 was impacted by significant challenges, including a cyber incident that stopped our vehicle production in September and the impact of US tariffs. JLR has made strong progress in recovering its operations safely and at pace following the cyber incident. In our response we prioritised client, retailer and supplier systems and I am pleased to confirm that production of all our luxury brands has resumed."

On the other hand, Tata Motors Passenger Vehicles domestic business saw steady performance during the quarter, rebounding post GST reductions. Revenues were up 15.6 percent at INR 135 billion. During the period, EV sales surged by nearly 60 percent YoY with nearly 25,000 units sold. Alternative powertrains continue to grow, with EV penetration at 17 percent and CNG at 28 percent in Q2 FY2026.

Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles, said, “Q2 FY2026 was a landmark quarter for Tata Motors Passenger Vehicles, marked by double-digit year-on-year growth in wholesale volumes and registrations, alongside several record-breaking milestones. Our growth was powered by our multi-powertrain portfolio, with CNG & EV volumes accounting for 45 percent of our volumes in Q2. EV sales surged by nearly 60 percent YoY with nearly 25 thousand units sold in Q2, reaffirming our leadership in sustainable mobility."

The overall global situation remains challenging. Management expects an all-round improvement in performance in H2 FY26.

PB Balaji, Group Chief Financial Officer, Tata Motors said: “It has been a difficult period for the business. However, we are committed to emerging from the cyber incident even stronger. With the demerger completed, both JLR and domestic PV businesses are well poised to leverage the significant opportunities provided by this exciting industry. Demand situation remains challenging globally but domestically there are signs of resurgence. In this context, our strategy is clear, plans robust and we will continue to execute them with speed and rigour to win."

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Honda Cars India (HCIL) has announced its domestic wholesales of 5,807 units in December 2025, which was 3.6 percent YoY, as compared to 5,603 units sold last year.

Furthermore, the company exported 2,352 units last month, as compared to 3,857 units a year ago.

Kunal Behl, Vice-President, Marketing & Sales, Honda Cars India, said, “We closed December with good sales growth, carrying forward the positive momentum achieved since GST 2.0 implementation. Demand remained robust across all models Honda Amaze, City and Elevate, with each contributing strongly to overall performance. The new year 2026 is expected to unlock new opportunities, with multiple product launches scheduled during the year.”

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European automaker Renault India has reported its wholesales for December 2025 with 33.4 percent YoY growth at 3,845 units.

For second half of 2025, the company saw 18.2 per cent growth. Renault India stated that sales in Q4 CY2025 rose by 27.3 percent on the back of the recent launch of the Triber in July and the Kiger in August.

During 2025, Renault India implemented several measures:

• Opening of ‘R’ stores.
• Establishment of the Renault Design Centre in India.
• Introduction of a 3-year warranty.
• Acquisition of 100 percent ownership of its manufacturing facility.

The company has scheduled the unveiling of the Duster for 26 January 2026.

Stephane Deblaise, CEO, Renault Group India, said, “The H2 performance of CY2025 clearly reflects the direction we have taken for Renault in India. After a phase of portfolio transition, the consistent recovery from Q3 onwards – culminating in a strong Q4 and our best monthly performance in December, confirms that the course correction we initiated is delivering tangible results. The momentum we are seeing today is a direct outcome of that approach. With the right building blocks now in place, we are entering the next phase with confidence, and the return of the iconic Duster will mark a significant step forward in Renault’s renewed journey in India.”

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Hyundai Motor India (HMIL), one of the leading passenger vehicle manufacturers, has reported domestic wholesales of 42,416 units in December 2025, which was 6.6 percent higher YoY.

Tarun Garg, Managing Director & CEO, Hyundai Motor India, said, "Driven by the positive momentum from GST 2.0 reforms, Hyundai Motor India recorded a robust 6.6 percent YoY growth in total monthly sales for December 2025. The all-new Hyundai VENUE continues to receive strong customer interest with bookings received already reaching the 55,000 mark in less than 2 months of launch. Further, reinforcing our 'Made-in-India, Made-for-the-World' goal, we delivered 26.5 percent year-on-year growth in exports volume in December, reaffirming our commitment to offering world-class products manufactured indigenously."

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Tata Motors, one of the leading passenger vehicle manufacturers, has reported its wholesales for December 2025 and Q3 FY2026.

The company reported sales of 50,046 units last month, up 13 percent YoY, as against 44,230 units last year.

For Q3 FY2026, the wholesales came at 168,616 units in the domestic market, up 20.9 percent YoY, as against 139,424 units a year ago.

Highlights for Q3 FY26 include:

• EVs: Sales reached 24,103 units.
• CNG: Volumes passed 47,000 units.
• SUVs: Volumes increased by 18 percent.
• Models: The Nexon recorded sales of 64,000 units.

The period saw the introduction of Harrier and Safari petrol models and the launch of the Sierra.

For the 2025 calendar year, sales reached 587,218 units. This figure includes EV volumes of 81,125 units.

Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, said, “CY2025 saw steady progress for the PV industry powered by a growing preference for SUVs and accelerating adoption of cleaner, emission-friendly powertrains. For Tata Motors, it was the fifth consecutive year of record-breaking annual sales, with 587,218 units sold, including the highest-ever EV volumes of 81,125 units in a calendar year.”

At present, the company said its dealers are well placed to meet customer demand with average inventory of around 18 days.

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