Tata Motors CV swings to loss on investment write-downs
Tata Motors's Commercial Vehicles division just reported a ₹867 crore loss for July-September 2025—a big swing from last year.
The main reason? Losses tied to Tata Capital investments.
Still, revenue actually grew 6% to ₹18,491 crore, showing the core business is holding up.
Revenue growth despite losses
Despite the loss, Tata Motors CV sold 12% more vehicles than last year, helped by better product availability and festive demand.
The company expects even stronger growth ahead as demand from construction and mining picks up.
Tata Motors CV shares slip after listing
After officially splitting off from Tata Motors and listing on November 12, shares of the CV division opened strong but slipped over 3% by November 13—likely some investors cashing in early gains.
Even so, Tata Motors CV remains positive about what's next as key sectors ramp up in late FY26.