Tata Motors Delivers Robust Sales Growth in November 2025

Tata Motors delivered a strong, broad-based performance in November 2025, achieving solid growth across passenger vehicles (PVs), commercial vehicles (CVs), and electric vehicles (EVs). This growth highlights Tata’s position as India’s second-largest passenger vehicle maker, a leading commercial vehicle manufacturer, and the country’s most significant EV brand. The results come as Tata Motors prepares for its strategic demerger into focused Passenger & EV (TMPVL) and Commercial Vehicle (TMLCV) entities.

Table of Contents

1. November 2025 Sales Overview
2. Passenger Vehicle Performance
3. Electric Vehicle Momentum
4. Commercial Vehicle Growth
5. Key Growth Drivers
6. Strategic Model and Demerger
7. Promoter Support and Ownership
8. Market Implications and Investor Outlook
9. FAQs

Tata Motors November 2025 Sales Overview

Tata Motors’ total domestic and international PV sales reached 59,199 units, marking a 25.6% year-on-year rise from 47,117 units in November 2024. Domestic PV sales, including EVs, rose to 57,436 units (+22% YoY), while exports surged to 1,763 units, compared with just 54 a year earlier.

The commercial vehicle division sold 35,539 CVs globally, up 29% YoY from 27,636 in November 2024. Medium, heavy, and intermediate categories recorded double-digit gains, underscoring India’s bullish freight demand and infrastructure activity.

Passenger Vehicle Performance

SUVs continued to anchor Tata’s momentum:

• Nexon was India’s top-selling car in November 2025, supported by wide variant availability and strong urban demand.

• Punch, Harrier, and Safari contributed heavily to SUV dominance, while compact models like Tiago and Altroz saw softer sequential volumes due to seasonality.

• Tigor underperformed amid market shifts toward SUVs and crossovers.

This SUV-heavy mix has bolstered Tata’s pricing power and improved average realisations across the portfolio.

For a detailed look at Tata Motors Passenger Vehicles share price, including current financials and historical performance, see the TMPV company profile.

Electric Vehicle Momentum

Tata Motors’ EV sales reached 7,911 units in November 2025, growing 52.2% YoY from 5,202. The rise highlights expanding acceptance of EVs in both domestic and export markets, driven by:

• A broader EV lineup, including Tiago.ev, Tigor.ev, and Nexon.ev.

• Improved charging ecosystem and service support.

• Favourable total cost of ownership (TCO) in urban fleets.

The company achieved EV EBITDA breakeven in FY25 and targets 20% EV penetration by FY27 and 30% by 2030, underlining a long-term electrification roadmap backed by Tata Sons’ strong promoter support.

Commercial Vehicle Growth

Tata Motors’ CV division recorded a 29% YoY growth in November 2025, led by:

• Heavy-duty trucks: 10,181 units sold (+34% YoY).

• ILMCV (intermediate and light CVs): 5,905 units (+35%).

• Passenger carriers: 3,340 units (+11%).

• Small CVs and pickups: 13,327 units (+19%).

Demand from infrastructure construction, urban logistics, and e-commerce supported this surge. Tata continues to lead key commercial categories with an expanding portfolio of fuel-efficient and alternative powertrains.

For an in-depth look at how Tata’s commercial vehicles business shapes its growth outlook, check the Tata Motors share price detailed page.

Key Growth Drivers

Several structural and macro factors powered Tata’s November 2025 momentum:

• SUV-led product strategy, tapping India’s growing preference for high-ground-clearance vehicles.

• Premium positioning on safety and design, with many models receiving 5-star safety ratings.

• Fast-growing EV portfolio, supported by competitive ownership costs and strong dealer collaboration.

• Favourable macro environment, including rising freight volumes and a strong infrastructure push.

• Dealer network and supply resilience, maintaining post-festive retail stability.

For context on how demand for SUVs and EVs boosted Tata Motors sales in October 2025, refer to the detailed October sales analysis.

Strategic Model and Demerger

Tata Motors’ diversified model blends high-volume domestic portfolios with premium global operations via Jaguar Land Rover (JLR).

The upcoming demerger, separating TMPVL (PV, EV & JLR) and TMLCV (CV & fleet solutions), aims to:

• Unlock shareholder value.

• Improve capital allocation and operational focus.

• Enable independent fund-raising strategies.

The move is widely viewed as a long-term structural positive, offering clarity for both retail investors and institutional analysts.

Promoter Support and Ownership

Tata Motors remains firmly anchored by the Tata Group, with Tata Sons as the main promoter holding approximately 42.6% stake (as of March 2025). The Tata Group’s governance reputation, strategic patience, and institutional credibility continue to underpin market confidence in Tata Motors’ multi-decade transformation.

Market Implications and Investor Outlook

Tata Motors’ strong November results reaffirm its position as an EV transition leader, an SUV powerhouse, and a CV market mainstay. The combination of strong operational data, improving margins, and structural demerger visibility enhances its investment case.

Analysts view Tata Motors as well-positioned for the electric era, balancing aggressive growth with capital discipline. Investors may monitor competitive pressure in the EV segment and cyclical CV demand, but the underlying trajectory remains positive for FY26 and beyond.

FAQs

Q1: What drove Tata Motors’ strong sales performance in November 2025?
A: Strong SUV demand, robust EV growth, and healthy CV sector expansion supported by economic tailwinds and Tata’s product strategy.

Q2: Which models contributed the most?
A: Nexon, Punch, Harrier, and Safari led passenger vehicle growth, while heavy trucks and ILMCV dominated the CV side.

Q3: How is Tata Motors performing in EVs?
A: EV sales grew 52% YoY in November 2025, with EBITDA breakeven achieved and aggressive targets for FY27 and FY30.

Q4: What is the impact of the company’s demerger?
A: The split into PV/EV/JLR and CV entities will enhance focus, fundraising flexibility, and shareholder value creation.

Q5: How does Tata Motors compare to rivals?
A: Tata has overtaken Mahindra to reclaim second spot in PVs, thanks to diversified sales and strong EV penetration, positioning it ahead of ICE-dependent rivals.