New Delhi, May 15 -- Tata Motors Passenger Vehicles Ltd's FY26 earnings showed that the domestic business is firing on all cylinders, but Jaguar Land Rover's troubles continue to overshadow the gains.

The domestic business benefited from the post-GST 2.0 demand recovery, particularly in SUVs, EVs and CNG vehicles. Nexon and Punch continued to see strong traction, while recent launches such as Sierra and the refreshed Punch.ev added momentum.

The result: Tata Motors clocked an industry-beating 15% year-on-year (YoY) growth in sales volumes to more than 640,000 units in FY26, making it the second-largest passenger vehicle (PV) player in H2FY26. EV volumes surged 43% YoY to over 92,000 units, helping the company retain leadership with a mi...