Production of the Punch and Nexon rose to 117,711 units in the April-June 2026 quarter from 80,001 units a year earlier. Domestic sales of the models increased to 115,882 units from 76,230 units, while exports stood at 317 units compared with 320 units last year.
Production of the Curvv and Sierra increased to 25,790 units from 9,135 units in the year-ago quarter. Domestic sales rose to 25,150 units from 8,272 units, while exports declined to 23 units from 101 units.
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Production of the Safari, Harrier and Sumo models increased to 11,976 units from 6,488 units. Domestic sales rose to 12,117 units from 6,536 units, while exports increased to 30 units from one unit a year ago.
Production of the Tiago, Tigor, Altroz, Zest and Bolt models declined to 30,163 units from 35,496 units. Domestic sales fell to 27,017 units from 32,801 units. Exports, however, rose to 2,038 units from 548 units.
There was no production, domestic sales or exports of the Nano and Hexa during either of the comparable quarters. The company said the figures have not been independently verified or audited and final numbers after audit may vary.
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Last week, brokerage firm Citi had maintained its “sell” rating on the stock even as it was positive on its recent Sierra EV launch. The brokerage’s ‘sell’ rating comes with a price target of ₹320 per share, indicating a downside of 9% from its previous closing price.
It said the recent Sierra EV launch offered 63 kWh and 75 kWh battery options, with the latter delivering over 500km range. The peak power stands at 175 kW, with an additional 103 kW motor in QWD configuration. The introductory pricing ranges from ₹18.8 lakh to ₹24.8 lakh, placing it in competition with M&M’s BE6, XEV 9E, and top-end Maruti e-Vitara.
Relative to the Hyundai Creta Electric and MG ZSEV, the pricing appears competitive, particularly with entry-level variants positioned close to rival top-end trims, which might drive up-trading, Citi said.
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Shares of Tata Motors Passenger Vehicles Ltd ended at ₹346.95, up by ₹2.80, or 0.81%, on the BSE.
