Tata Motors will continue pursuing a multi-technology approach to commercial vehicle decarbonisation, investing in electric, hydrogen and cleaner internal combustion engine (ICE) technologies as it prepares for the next phase of mobility transformation.
In a message to shareholders in the company’s Annual Report 2025-26, Tata Motors Chairman N Chandrasekaran said the transition to cleaner mobility requires a diversified portfolio of technologies to address varying customer and operational requirements across vehicle segments.
Multi-pathway approach to clean mobility
“The transition to cleaner mobility requires a portfolio of electric, hydrogen and cleaner ICE technologies. While we scale the portfolio of zero-emission electric CVs, we will continue to invest in hydrogen-based technologies for heavier-duty segments,” Chandrasekaran said.
He noted that the commercial vehicle industry is being reshaped by advances in digital technologies, artificial intelligence, clean energy adoption and evolving safety expectations.
According to him, geopolitical uncertainties, uneven global economic recovery and changing supply chain dynamics are making agility and resilience increasingly important competitive differentiators.
Focus on future-ready mobility solutions
Tata Motors said its focus will remain on delivering industry-leading growth, profitability and returns through disciplined capital allocation and investments in emerging mobility technologies.
The company is strengthening capabilities in connected vehicle technologies, advanced driver assistance systems (ADAS), digital-led solutions, data-driven fleet services and next-generation powertrains.
“These capabilities will shape the future of safe, efficient and intelligent commercial mobility,” Chandrasekaran said.
IVECO acquisition to accelerate global growth
During FY26, Tata Motors announced the proposed acquisition of IVECO Group, a move the company described as a significant milestone in its global expansion strategy.
The acquisition will bring a portfolio spanning light, medium and heavy commercial vehicles across Europe, Latin America and other international markets.
IVECO recorded sales of approximately 140,000 vehicles and revenues of €13.4 billion in 2025. Tata Motors said the transaction will add scale, complementary geographic markets, manufacturing strengths and advanced powertrain capabilities.
The acquisition is also expected to enhance the company’s technology roadmap, particularly in areas related to evolving emission regulations and alternative-fuel powertrains.
Commercial vehicle business gains momentum
Tata Motors further consolidated its leadership position in the domestic commercial vehicle market during FY26 through product interventions, disciplined sales execution and stronger customer engagement.
The company reported commercial vehicle sales of more than 435,000 units during the year, compared with 385,000 units in the previous fiscal, reflecting a growth of 13 per cent.
Growth was driven by strong demand in the Intermediate, Light and Medium Commercial Vehicle (ILMCV) segment as well as the Small Commercial Vehicles and Pickups (SCVPU) category.
The Heavy Commercial Vehicle (HCV) business also staged a notable recovery, helping Tata Motors achieve its highest market share in the segment in a decade at 55 per cent.
Building scale for the next growth cycle
Chandrasekaran said the convergence of digitalisation, artificial intelligence, connected technologies and clean-energy solutions is fundamentally transforming the mobility landscape.
With investments across alternative powertrains, intelligent vehicle technologies and global expansion initiatives, Tata Motors is positioning itself to capture emerging opportunities while strengthening its leadership in commercial mobility.