Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Q1 FY27 Earnings Presentation
21 slides from Tata Motors Passenger Vehicles's earnings presentation, Jun 30, 2026
Slide 1: Tata Motors Limited
Tata Motors Limited (formerly known as TML Commercial Vehicles Ltd.) Results for the quarter ended June 30, 2026 Girish Wagh - MD & CEO GV Ramanan - Chief Financial Officer c Copyright, Confidential, Tata Motors Limited 1
Slide 2: Safe harbour statement
Safe harbour statement Statements in this presentation describing the objectives, projections, estimates and Other Details expectations of Tata Motors Limited and its business segments may be “forward-looking • Presentation format : The results provided in this deck represent details on statements”
Slide 3: Q1 FY27 – Key highlights
Q1 FY27 – Key highlights Strengthened eCV leadership with over 3,400 electric Launched Ace Gold+ XL, Intra V40, Intra EV, expanding Initiated deliveries against Indonesia order vehicle orders across segments the SCV portfolio across ICE, CNG and EVs Golden Peacock Award section to be added Achieved
Slide 4: Corporate actions
Corporate actions Iveco Update Freight Tiger Subsidiarization ▪ The regulatory approvals are in the final stage, with only one ▪ Freight Tiger is now a subsidiary with the acquisition of pending approval to be received. an additional ~18.1% equity stake in May 2026 for ₹95.66 Cr bringing its total h
Slide 5: Standalone Financials
Standalone Financials c Copyright, Confidential, Tata Motors Limited 5
Slide 6: Q1 Wholesales 109K (↑26% YoY)
Q1 Wholesales 109K (↑26% YoY) Robust volume growth through heightened geopolitical tensions Q1 FY27| Standalone including Joint Operations Tata Cummins |Category | Units in ‘000’s Total wholesales 131.8 108.7 108.7 86.1 ▲ 26% YoY Q1 FY 26 Q4 FY 26 Q1 FY 27 Category-wise wholesales Q1 FY27 | YoY| Uni
Slide 7: Q1: Revenue ₹19.3K Cr, EBITDA ₹2.3K Cr, PBT(bei) ₹2.1K Cr
Q1: Revenue ₹19.3K Cr(↑23%), EBITDA ₹2.3K Cr(↑17%), PBT(bei) ₹2.1K Cr (↑26%) Resilient margin delivery despite commodity headwinds Q 1 F Y 2 7 | Standalone i n c l u d i n g J o i n t O p e r a t i o n s T a t a C u m m i n s | IndAS | ₹ K C r Revenue EBITDA EBIT PBT (bei) ₹K Cr YOY +23% % YoY-60 bp
Slide 8: Q1 EBIT is at 9.4%; PBT (bei) at ₹2.1K Cr
Q1 EBIT is at 9.4%; PBT (bei) at ₹2.1K Cr Operating leverage and improved realizations help offset mix and commodity impact Q1 FY27 | Standalone including Joint Operations Tata Cummins |IndAS|₹ Cr D&A and PDE ₹21 Cr Other Income ₹139 Cr Employee cost ₹(111) Cr Finance Cost ₹106 Cr Others : ₹(35) Cr
Slide 9: Robust FCF of ₹1.1K Cr
Robust FCF of ₹1.1K Cr Demonstrates strong operating performance and financial discipline Q 1 F Y 2 7 | S t a n d a l o n e i n c l u d i n g J o i n t O p e r a t i o n s T a t a C u m m i n s | IndAS | ₹ Cr Trade receivables ₹(48) Cr Payables, acceptances and 246 others ₹861 Cr (500) Inventories ₹
Slide 10: Investment Spending in Q1 FY27 ₹515 Cr
Investment Spending in Q1 FY27 ₹515 Cr Steady Investments in line with plan Q1 FY27 | Standalone including Joint Operations Tata Cummins |IndAS| ₹ Cr 238 515 128 277 149 Capitalized Expensed Total R&D Capital and Total investment Q1 FY 27 R&D R&D other investments spending Q1 FY26 253 173 426 167 59
Slide 11: Consolidated Financials
Consolidated Financials c Copyright, Confidential, Tata Motors Limited 11
Slide 12: Q1: Revenue ₹20.7K Cr, EBITDA ₹2.3K Cr, PBT(bei) ₹3.0K Cr
Q1: Revenue ₹20.7K Cr (↑19%), EBITDA ₹2.3K Cr (↑10%), PBT(bei) ₹3.0K Cr (↑81%) Strong net cash position at ₹13.5K Cr Q1 FY27 | Tata Motors Limited (Consol) | IndAS | ₹K Cr Revenue EBITDA EBIT ₹K Cr % % 26.1 YOY +19% YOY -90 bps YOY -80 bps 13.0% 11.8% 20.7 10.9% 11.5% 9.3% 8.5% 17.3 Q1 FY26 Q4 FY26
Slide 13: Business Updates
BUSINESS UPDATES c Copyright, Confidential, Tata Motors Limited 13
Slide 14: VAHAN Market share at 36.8%; sequential growth of 100 bps
VAHAN Market share at 36.8%; sequential growth of 100 bps Commercial Vehicles | Domestic market share* 35.8% 36.8% Domestic market share 35.1% 36.8% ▲ 100bps FY26 Q4 FY26 Q1 FY27 HCV ILMCV SCV PU CV Passenger 56.3% ▲ 50bps 36.9% ▼ 130bps 27.7% ▲ 110bps 41.3% ▲ 490bps 55.2% 55.8% 56.3% 38.2% 41.3% 38
Slide 15: Fleet utilization improved month on month during Q1
Fleet utilization improved month on month during Q1 Fleet Utilization (active vehicle%) Mobility Indicators HCV Cargo HCV Tipper 79.8% 71.5% 71.6% 72.2% E-way Bills (Mn) Jan’23 Jun’26 Jan’23 Jun’26 136.8 83 ∆YTD Vs LY 12.4% MCV Cargo ICV trucks Jan’23 Jun’26 68.3% 68.7% 60.2% 65.8% Diesel Consumptio
Slide 16: Business Overview — Q1 FY27
Business Overview — Q1 FY27 INDUSTRY BUSINESSES SUSTAINABILITY Q1 saw healthy momentum with offtake TIV Trucks: YoY market share gains with volume growth led With launch of Intra EV, and 55T EV, along with tailwind growing 18.0% YoY, and TML volumes growing by new product launches. of higher diesel
Slide 17: Looking Ahead
Looking Ahead Q2 Focus Areas: • Overall: Manage commodity inflation through price increases and cost management. Address supply chain challenges through targeted debottlenecking in view of increased industry demand. • Trucks: Accelerate growth through the MY26 portfolio, higher-payload trucks, and B
Slide 18: Q&A session Thank You
Q&A session Thank You Please submit your questions in the Q&A textbox. Please mention your name and name of the organization you represent along with the questions c Copyright, Confidential, Tata Motors Limited 18
Slide 19: Additional Details
Additional Details Results for the quarter ended June 30, 2026 c Copyright, Confidential, Tata Motors Limited 19
Slide 20: P&L Details
P&L Details Standalone including Joint operations Tata Cummins |INDAS | ₹ Cr Q1 vs Q1 Q1 vs Q4 Particulars Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 YoY QoQ Revenue from operations 15,682 16,861 20,404 24,451 19,329 3,647 (5,122) Grant income / incentives 65 56 139 59 77 12 18 Revenue from operations
Slide 21: P&L Details
P&L Details Tata Motors Limited Consolidated| INDAS| ₹ Cr Q1 vs Q1 Q1 vs Q4 Particulars Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 YoY QoQ Revenue from operations 17,324 18,585 21,847 26,095 20,667 3,343 (5,428) Grant income / incentives 90 81 168 86 103 13 17 Revenue from operations including grant in