Tata Motors Limited · NSE:TMCV
Tata Motors — Investor Day (June 2023)
120 slides from Tata Motors's investor day presentation, Jun 8, 2023
Slide 1: Tata Motors India Investor Day 2023
TATA MOTORS Tata Motors India Investor Day 2023 June 7, 2023
Slide 2: Safe harbour statement
TATA MOTORS Safe harbour statement Statements in this presentation describing the objectives, projections, estimates and expectations of Tata Motors Limited (the “Group and its business segments may be forward looking statements within the meaning of applicable securities laws and regulations Actual
Slide 3: Agenda
TATA MOTORS Agenda From To Duration ( Schedule Speaker 9:00 am 9:30 am 00:30 Registration, breakfast, activities 9:30 am 9:35 am 00:05 Welcome address 9:35 am 10:30 am 00:55 Winning Sustainably in PV and Proactively in EV Mr. Shailesh Chandra, MD, TMPVL and TPEML 10:30 am 10:45 am 00:15 Q&A on PV an
Slide 4: Winning Sustainably in PV and Proactively in EV
TATA MOTORS Winning Sustainably in PV and Proactively in EV Shailesh Chandra Managing Director Tata Motors Passenger Vehicles Limited Tata Passenger Electric Mobility Limited
Slide 5: TMPV & TPEM on a sharp growth trajectory
TATA MOTORS TMPV & TPEM have been on a sharp growth trajectory Both businesses have achieved “lifetime highs” across operational and financial metrics Lifetime High Volume & Significant improvement in MS Lifetime High Revenue Lifetime high EBITDA ‘000 Units Rs. Cr Rs. Cr 133 223 372 541 4.8% 8.2% 12
Slide 6: Pillars of our success
TATA MOTORS Pillars of our success Our success is built on a strong set of initiatives Aspirational Product Portfolio Front end Reimagination EV Network & Ecosystem Development Operational Debottlenecking Product Quality Enhancement 6
Slide 7: Aspirational product portfolio
TATA MOTORS Aspirational product portfolio Our portfolio has been reimagined with design, safety and technology as core tenets Best in class Safety Image Upgrade passive / active safety attributes Enhance structure, crash prevention, post crash assistance Advanced Driver Assist Features (ADAS) L0 L1
Slide 8: New Forever interventions keep portfolio fresh
TATA MOTORS “New Forever” interventions keep our portfolio fresh Variants and special editions to sustain interest and address new microsegments of customers # Dark range driving premiumization of the portfolio ( Harrier, Nexon, Altroz and Nexon EV) Image #DARK edition: Advanced features and ADAS Im
Slide 9: Reimagined products have given us holistic growth
TATA MOTORS Compact SUV Image High SUV Image Mid Hatch Image FY20 FY23 12.3% 35.2% FY20 YTD’23 26% 28.8% FY20 FY23 15.4% 21.8% Rank #2 #4 Rank #2 #2 Rank #1 #3 Reimagined products have given us holistic growth We have achieved podium finish in nearly all segments that we play in Tiago Nexon & Punch
Slide 10: Widest product portfolio in EVs
TATA MOTORS Widest product portfolio in EVs Our EV models are #1 in each of their segments, with a strong value proposition Mid Hatch Image Entry Sedan Image Compact SUV Image 10,000 bookings in 1 day Delivered 10,000 cars in 4 months Dominant share in fleets Pipeline for 50,000+ orders 50,000+ EVs
Slide 11: Tiago.ev is growing the market for EVs in India
TATA MOTORS Tiago.ev is growing the market for EVs in India Tiago.ev is taking EVs to smaller towns and bringing in new customer segments Image Expanding Geographic Markets City wise Contribution to Bookings 49% 35% 14% 16% 37% 49% Nexon EV Tiago.ev Rest of india Next 10 cities Top 10 cities 23% fir
Slide 12: EV network and ecosystem
TATA MOTORS EV network and ecosystem Our wide EV network in India and the Tata uni E Verse Image ecosystem supported our growth 51 75 165 FY21 FY22 FY23 97 143 250 FY21 FY22 FY23 Widest EV network in India # Cities # Dealerships Tata Ecosystem Advantage Localization TACO Image 1. 50% DVA requirement
Slide 13: Front end Reimagination (1/2)
TATA MOTORS Front end Reimagination (1/2) Front end reimagination drove sharp focus on micro markets, network growth & customer experience improvement Tailored initiatives for top 20 micro markets Image Deep understanding of micro market specific customer insights Focused marketing, network & financ
Slide 14: Front end Reimagination (2/2)
TATA MOTORS Front end Reimagination (2/2) Front end reimagination drove sharp focus on micro markets, network growth & customer experience improvement Hyperlocal & digital marketing to drive greater aspiration Customer Experience Re imagination Hyperlocal Marketing Google My Business Continued spons
Slide 15: Operational debottlenecking through multiple levers
TATA MOTORS Operational debottlenecking through multiple levers Manufacturing capacity scaled up nearly 3x through interventions at the plant and at vendor end Manufacturing Capacity / Month (‘000 units) 15 20 25 30 35 40 45 50 55 60 Sep 20 Jan 21 May 21 Sep 21 Jan 22 May 22 Sep 22 Jan 23 Capacity s
Slide 16: Manufacturing capacity enhancement
TATA MOTORS Manufacturing capacity enhancement Capacity enhancement to ~ 1 million units per annum to support our growth aspirations Salient features Image Smart scalable factory with layout to expand Excellent infrastructure Adjacent to our existing plant Annual production capacity (’000 units) Bar
Slide 17: Quality and cost improvements across products
TATA MOTORS Quality and cost improvements across products Focused efforts to improve quality and cost efficiency JD Power Initial Quality Survey 2022 #1 Image #2 Image Focus on quality improvements, driven by Continual thrust on “ Stop the Generation ” L1, L2, L3 actions for improved reliability Sup
Slide 18: Key trends in the Indian automotive industry
TATA MOTORS Key trends in the Indian automotive industry Indian automotive industry is undergoing a transformative shift Focus on aspirational features and technology Growing environmental consciousness Increasing preference for SUVs & premium vehicles Key Trends Implications for the Industry 1.Segm
Slide 19: TMPV & TPEM Strategic Pillars
TATA MOTORS TMPV & TPEM Strategic Pillars Our strategy is well aligned to key industry trends Strategic Pillars for TMPV & TPEM 1 Leverage aspirational portfolio, including alternate powertrains to capitalize on segment shifts and regulations 2 Proactively grow the EV market in India and maintain ma
Slide 20: Product portfolio well-aligned to market developments
TATA MOTORS Product portfolio well-aligned to market developments Aspirational product portfolio with focus on SUVs, safety and technology New Nameplate Additions Mid Cycle Enhancements to refresh products Image Image Image Image Image Image Special Edition & Feature Upgrades 6 airbags BNCAP ADAS an
Slide 21: Comprehensive powertrain portfolio
TATA MOTORS 1 Comprehensive powertrain portfolio Unique advantage of strong products in Petrol, Diesel and CNG Petrol Image Widest portfolio of EVs Strong pipeline of EV products Introduction of new GDI Diesel Image Strong products with Diesel Powertrain Continued play in Diesel CNG Image Strong pro
Slide 22: Continuing to expand CNG portfolio
TATA MOTORS 1Continuing to expand CNG portfolio with innovative products Leveraging deep customer insights to launch product interventions to address unmet customer needs Image OMG!it's CNG ALTROZ iCNG BOOKING OPEN NOW Image Voice Assisted Sunroof Image Air Purifier Image Wireless charger Image Diag
Slide 23: Adaptive product development in EVs
TATA MOTORS 1 Adaptive product development in EVs Approach in sync with market readiness, with the intent to provide elevated user experience Optimized, dedicated EV platform Quick conversion programs EV First modular platform 01 Gen 02 Gen 03 Gen New body styles Up to 500 km Driving range 60% Commo
Slide 24: Growing the EV market in India
TATA MOTORS 2Growing the EV market in India Differentiated approach to growing the EV market in India Setting New Aspirations Image Image Image Image Long range, aspirational vehicles setting new aspirations in India Tech rich products to appeal to premium customers Differentiated retail experience
Slide 25: New products will address additional customer personas
TATA MOTORS 2 New products will address additional customer personas Aspirational product range is expected to appeal to more premium, individualistic customers Persona as a % of TIV Primarily educated, salaried, middle to upper middle class buyers with the following personas: Tech savvy early adopt
Slide 26: Growing the EV market in India
TATA MOTORS Growing the EV market in India Continued myth-busting and ecosystem enablement to drive adoption by first-time buyers, including renters Why go.ev #43 Battery Lasts Wayyy Longer Then 8 Years* Myth-busting with 100 Reasons to go EV Why go.ev #20 Charge anywhere with 15A socket* Focus on C
Slide 27: Localization of EVs
TATA MOTORS 3 Localization of EVs Aggressive localisation to drive cost reduction and to benefit from PLI schemes Localization Roadmap Key partnerships and Vendor park Aggressive localization plan MAKE IN INDIA 2022 Next 3-4 years Valeo •APTIV. BOSCH HELLA <70% Localization @ Tier1 85% Localization
Slide 28: Leveraging advanced technologies
TATA MOTORS Leveraging advanced technologies We will continue to introduce advanced technologies to deliver a premium experience SAFARI ADAS features 932AM C P 50 4 + All Day High 623 DI 360 deg surround view system 26.03cm touch screen infotainment Base Drive Careh B 6 way powered seat with memory
Slide 29: Leveraging advanced technologies: digital and connected products
TATA MOTORS Leveraging advanced technologies We are working on advanced digital and connected products to improve customer experience Driving & trip analytics 9:30 Detalls 140 50 Trip detail Score Speeding 7.0 7.2 Broking Vehicle health monitoring 9:30 1 issue found with your brake system All result
Slide 30: Leveraging advanced technologies: customer journeys
TATA MOTORS Leveraging advanced technologies We are completely re-imagining our customer journeys, leveraging digital tools Altroz The Gold Standard B ALTHOR Tiago Altroz Rahul BYJU'S 0 TIAGO Goodbye fuel. Hello electric! Tiago Principles. Altroz Choose your host Chandy Praka Tata Motors Expert Chan
Slide 31: Structured margin improvement program
TATA MOTORS Structured margin improvement program A structured program has been institutionalized across 4 pillars Mix Realization Cost Leverage Model Mix Market Competitive Price Actions Commercial Reductions Optimum Utilisation Trim Mix Appropriate VME VAVE Fixed Cost Leverage Non-Vehicular Busine
Slide 32: Our aspirations
TATA MOTORS Our aspirations “Win” Pro-actively; maintain market leadership Create wide product portfolio: highest addressable market Drive EV adoption/ penetration Network expansion # Cities present in Myth-busting campaigns Ecosystem development: Tata Universe / Localization Positive underlying uni
Slide 33: Winning Decisively in CV
TATA MOTORS Winning Decisively in CV Girish Wagh Executive Director Tata Motors Limited
Slide 34: Content
TATA MOTORS Content - Year of many firsts - FY23 business overview - Levers to drive market leadership - Mega trends and future growth areas 34
Slide 35: CV industry continuing in upcycle
TATA MOTORS © Copyright, Confidential, Tata Motors Limited FY86 FY88 FY90 FY92 FY95 FY97 FY2000 FY02 FY05 FY07 FY10 FY12 FY15 FY17 FY 19 FY21 FY22 FY23 FY24 (P) Total Freight traffic. Source: CRISIL CV Industry continuing to be in upcycle, fuelled by India’s growth 1. BTKM: Billion ton Kilometres 2.
Slide 36: CV demand drivers
TATA MOTORS © Copyright, Confidential, Tata Motors Limited Construction Agriculture ConsumerDurableERetail Auto Component Parcel andmarket load Cement Steel Auto carriers Consumer Durable Roads Mining Steel Agriculture <12T GVW image MHCV image Tipper image Tractor Trailer image Buses image Agricult
Slide 37: FY23: A tale of two halves
TATA MOTORS 11.0% 16.0% 21.0% 26.0% 31.0% 36.0% 41.0% 46.0% 51.0% 56.0% 61.0% 4.4 4.9 5.4 5.9 6.4 6.9 7.4 7.9 8.4 Apr'22 May'22 Jun'22 Jul'22 Aug'22 Sep'22 Oct'22 Nov'22 Dec'22 Jan'23 Feb'23 Mar'23 Discount ( FY22) Margin (FY22) Retail Share FY22 11.0% 16.0% 21.0% 26.0% 31.0% 36.0% 41.0% 46.0% 51.0%
Slide 38: Double digit EBITDA in Q4
TATA MOTORS Business achieved double digit EBITDA in Q4, with sequential improvement in margins CV Business (Domestic + International) 44.7% Markets share (VAHAN) 43.1% 39.9% 41.10% 41.7% FY22 H1 FY23 Q3 FY23 Q4 FY23 FY23 Market share 3.7 EBITDA% & EBIT% 7.4 0.4 5.2 5.5 5.0 8.4 10.1 2.8 2.3 5.9 8.6
Slide 39: Levers to drive market leadership
TATA MOTORS Levers to drive market leadership 1 Go to Market Excellence: GTME 5.0 through digitalization for better customer acquisition and stakeholder engagement 2 Building Strong Brand Association through differentiated content, Influencer advocacy, and a strong digital marketing 3 Enhancing Cust
Slide 40: GTME 5.0: analytics-led pricing engine
TATA MOTORS GTME 5.0: Building analytics-led pricing engine and tools for future 1 Data backed pricing and VAS engine To drive consistent decisions Building Sales Force of Future 1.Empowering Field Sales Force 2.Capability Building Revised beat Plan Pre Visit insights Customer 360 Sales Guru Chat-bo
Slide 41: Repositioning brand and building brand associations
TATA MOTORS Repositioning Brand and building strong brand associations Targeted communication based on customer insight analytics Leveraging influencer advocacy image Digital marketing and pipeline management Augmenting dealer discovery and online sales Image Creating a unified view of customer: mor
Slide 42: Focused brand actions improved customer metrics
TATA MOTORS Focused brand actions led to improvement in customer facing metrics Highest top of mind awareness 57 55 55 55 I HE = = FY20 Consideration top box highest since H2 FY19 Fy21 Fy22 FY23 56 53 53 53 I FY20 Fy21 Fy22 FY23 Highest ever net promoter score 71 68 68 [1 l FY20 Fy21 Fy22 FY23 Brand
Slide 43: Enhancing Customer Experience
TATA MOTORS Enhancing Customer Experience With customer insight driven superior and agile services and value-adds along with ecosystem plays 3 Beyond Sampoorna Seva 2.0Delivering ‘Peace of mind’ Value Added Services Industry first comprehensive add-ons Fleet Management Solution & AMC Uptime Assuranc
Slide 44: BSVI Phase II and beyond
TATA MOTORS 4 BSVI Phase II and beyond: ‘Impactful launches’ and consistent communication Pricing strategy to reduce discounts structurally Impactful and Unmatchable Offer Beyond mere compliance Reimagined product range in alignment with Product Attribute Leadership Strategy Greater market addressab
Slide 45: Building competitive cost structure
TATA MOTORS Building competitive cost structure to lower the breakeven, maturing towards cost leadership Cost reduction Capital Efficiency Cash Management Teardown and benchmarking Advanced VAVE, Digital VAVE (DiVE) and Commercial cost reduction Blue sky thinking workshops Augmenting development cap
Slide 46: Accelerating after sales business
TATA MOTORS Accelerating after sales business TATA MOTORS Expanding downstream portfolio, increasing spare and service penetration with strong revenue growth (Growth Levers Spare Penetration Service Penetration Competitive product portfolio with branding Improve Network Reach, efficiency & profitabi
Slide 47: TML Smart City Mobility Solution Ltd
TATA MOTORS TML Smart City Mobility Solution Ltd: Shared Mobility Play, profitable in 1stYear ASTC, Guwahati15 buses Own, Operate and Maintain model QoQincrease in Kms (in Lakhs) 4X FY23 FY24 Revenue BEST, Mumbai 368 buses AJL, Ahmedabad 60 buses BMTC, Bangalore 921 buses DTC, Delhi 108 buses DTC De
Slide 48: Industry Mega Trends and imperatives
TATA MOTORS Industry Mega Trends and imperatives Building organizational agility and core domain capabilities to lead the change ACES Autonomous Connected Shared Electrification Sustainability Net Zero GHG Circularity Renewable Energy Digitalisation Data Monetisation Analytics based customisation Su
Slide 49: Investing in technologies and strategic partnerships
TATA MOTORS Investing in technologies and building strategic partnerships to embrace the future Building Fuel agnostic platforms with Modular architectures Driving Electrification and green fuels across portfolio Hydrogen Internal Combustion engine vehicles Fuel Cell Electric Vehicles Battery Electr
Slide 50: Driving electrification in Commercial Vehicles
TATA MOTORS © Copyright, Confidential, Tata Motors Limited Driving electrification to lead EV transition in Commercial Vehicles Ace EV Ultra E.9 Prima E.55 and H.55 EV Buses 730 EV buses across 10 locations, Delivery of Fuel cell EV buses started to Indian Oil Ramping up deliveries for last mile app
Slide 51: Fleet Edge connected vehicle platform
TATA MOTORS Digitalization: Fleet Edge-Connected Vehicle Platform 160 K Customers onboarded ~400 K Vehicles onboarded Journey so far Value proposition for customers Fuel manage-ment Improve fuel efficiency through driving insights Vehicle management Optimum routing through tracking and geofencing Pr
Slide 52: Driving net zero
TATA MOTORS Driving net zero Products plans aligned to SBTi, to achieve Net Zero GHG emission by 2045 . Operations : Developed road map to 100% RE by 2030 Involving ChannelPartners through unique initiatives Circularity Water Neutrality: Two Plants water neutral, rest by FY30 Zero Waste to Landfill:
Slide 53: Securing EV Supply Chain – Agratas
TATA MOTORS Securing EV Supply Chain – Agratas Energy Storage Solutions Limited Thomas Flack Chief Executive Officer Agratas Energy
Slide 54: AGRATAS name meaning
AGRATAS® AGRATAS ® Agra Empowered leadership Gravitas Dignity, Solemnity Derived from Sanskrit, “Agra” stands for empowered leadership, combined with “Gravitas” to get “Agratas”. Meaning that we are serious about being at the forefront of the global battery industry, pioneering power for the future
Slide 55: Global large-scale battery gigafactory
Agratas || Global large-scale world-class battery gigafactory Image Picture credits: Google AGRATAS® Tata Group aspires to be at the forefront of global battery manufacturing industry 55
Slide 56: Key areas of play
AGRATAS® Key areas of play Immediate focus is on end-to-end cell deign to validation, and, industrialization Raw Material Extraction Cell Production Module & Pack Design & Testing RecycleCell Testing & Design Validation Material Synthesis & Component Mfg. Cell Validation Cell Format & Design Repurpo
Slide 57: Sustainability is core to Agratas
AGRATAS® Sustainability is core to Agratas Green initiatives planned to reduce carbon-footprint across the value chain Supply Chain Significant Localization to reduce logistics footprint Reuse & Recycling Repurposing of used cells Raw material recoveryRecycling of used cells Sustainable Manufacturin
Slide 58: Customers
CUSTOMERS Image 58
Slide 59: Anchor customers
AGRATAS ® Anchor customers Leverage to kick-off industrialization at scale Image Focus on lifecycle and safety Affordable to premium target customer segments Image Premium applications with long-range Focus on performance & fast-charging 40 GWh+ 20 GWh+ 59
Slide 60: Developing best-in-class battery with integrated co-engineering
AGRATAS ® Engaged in developing best-in-class battery over last few years Integrated battery co-engineering enables faster time to market Vehicle Development Gateway Process Start of Production Technical advantage: Deep collaboration to balance cell-pack-vehicle requirements Futuring: Joint technolo
Slide 61: Plan to cover wide range of customer segments
AGRATAS ® Plan to cover a wide range of customer segments in future To cater to a large range of applications with varied battery needs AGRATAS Luxury Passenger Vehicles image Long range (500 km+) Fast acceleration (0 – 100 kph in 4.1s) Fast charge (20 minutes) Affordable Passenger Vehicles image Lo
Slide 62: Technology
TECHNOLOGY image 62
Slide 63: Agratas custom battery design
AGRATAS ® Agratas custom battery design Unified cell format “Prismatic” developed for Tata Motors and JLR. Easily extendable to other segments image Stacked Prismatic Cell Superior-cell-to-pack efficiency` Optimal pack integration Superior volume utilization Best-in-class fast charge Effective therm
Slide 64: Battery chemistry
AGRATAS ® Battery chemistry LFP and High-Nickel NMC chemistries for TML & JLR applications Lithium Iron Phosphate (‘LFP’) Low cost, long cell life and durable pie chart1 O P Li Fe LFP Cathode: LiFePO4 Anode: Graphite Nickel Manganese Cobalt (‘NMC’) High energy density, enhanced performance, fast cha
Slide 65: Futuring battery through technology changes
AGRATAS ® Futuring battery through technology changes Plan to deliver best in class batteries for current & future products based on market radar NMC LFP Short-Term Silicon Technology Cobalt-free LMFP Na-ion Recycling Processes Medium-Term Solid-state Technology F-free Technology Next-Gen Electrolyt
Slide 66: World-class R&D setup
AGRATAS ® World-class R&D setup Deep-IP research is core to Agratas image logo ‘World-class’ research facilities in India and UK logo Deep IP development leveraging global talent logo Strong connections with leading academic and research institutions logo Deep-rooted industrial partnerships 66
Slide 67: Leverage R&D ecosystems
AGRATAS ® Leverage R&D ecosystems - leading research institutions Plan to plug-into larger technology advisory counsel to drive R&D Developing Technical Advisory Counsel Rotating committee of global experts from world class institutions Furthering R&D Reach Strategic partnerships to collaborate on e
Slide 68: Manufacturing
MANUFACTURING image 68
Slide 69: Gigafactory at a glance
AGRATAS ® Gigafactory at a glance image 69
Slide 70: Custom processes for future technologies
AGRATAS ® Custom processes to ensures easy adaptation of future technologies Three main processes with 20+ sub-processes custom-designed to ensure minimal change requirements in future Electrode Fabrication image Notched Anode & Cathode image Cell Assembly image Anode & Cathode stacked & assembled i
Slide 71: Capex protected for capacity expansion
AGRATAS ® Capex protected for capacity expansion and technology changes Modular & flexible gigafactories enables easy modifications 1 Factory; 6 Modular Lines; ~8GWh image Modular approach to laying down lines; can be easily replicated for capacity addition Each line to meet specific customer’s need
Slide 72: Renewable sources to power the gigafactory
AGRATAS ® Renewable sources to power the gigafactory Both India & Europe factories to have dedicated renewable resources image Battery production is an energy intensive industry Sustainability targets mandate access to substantial renewable energy Energy is also a critical cost driver for battery, b
Slide 73: Talent, Culture & Capability @ Tata Motors
TATA MOTORS Talent, Culture & Capability @ Tata Motors Ravindra Kumar GP Chief Human Resources Officer Tata Motors Limited
Slide 74: HR Focus Areas
TATA MOTORS HR Focus Areas Enabling individuals and teams grow and excel 1. Culture Empowerment, Collaboration & Risk taking 2. Organization Capability CESS, Digital, Industry 4.0 & Sustainability 3. Leadership Development People managers & succession 4. Organization Effectiveness Organization, goal
Slide 75: Annual HR Process Calendar
TATA MOTORS Annual HR Process Calendar Succession planning Mid Term Review NRC Meeting Review with BoD Training calendar H1 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Training calendar 2nd half Training calendar 1st half Learning & Development plan Culture Survey NRC Meeting Training calendar
Slide 76: Learning & Development Roadmap
TATA MOTORS Learning & Development Roadmap L6 L5 L4 L3 L2 L1 Org wide capability CESS Digitization Industry 4.0 Sustainability Functional areas Commercial Operations Engineering Purchase Enabling Functions Functional leadership programs Commercial Engineering Operations Professional Skills Business
Slide 77: Building Organization Wide Capability in CESS
TATA MOTORS Building Organization Wide Capability in CESS L2-L1 Senior Leaders Program L6-L3 Domain Expert Programs PhD MTech BTech Domain Expert Programs Domain Expert Programs Intermediate Programs Domain Expert Programs Intermediate Programs Mtech BTech Intermediate Program Intermediate Program I
Slide 78: Upskilling Shop Floor Technicians
TATA MOTORS Upskilling Shop Floor Technicians 1 Training programs for current employees All Technicians Future of Mobility Series: Awareness of rapidly changing markets CESS Fundamental Skills Training Shop specific modules Select Technicians 2 Higher education for current employees PRAGATI - Diplom
Slide 79: Our Culture Credo
TATA MOTORS Our Culture Credo AT TATA MOTORS We are connecting aspirations by being bold in thought and action, owning every opportunity and challenge, Solving together as one team and engaging all our stakeholders with empathy. We are MORE WHEN ONE! BE BOLD Taking calculated risk is key to making p
Slide 80: Culture Survey 2023
TATA MOTORS Culture Survey 2023 Engagement TML 2020 59% TML 2023 71% Best Employer 2022 82% TML 71% TML 2023 59% TML 2020 67% India Auto OEM & Components Average 81% Tata Group Large Cos 84% Tata Group Large Cos Top Quartile 82% Best Employer 2022 Bottom Quartile (0-64%) Moderate Zone (64%-79%) Top
Slide 81: Diversity, Equity and Inclusion
TATA MOTORS Diversity, Equity and Inclusion Celebrating diversity, challenging status quo & enabling inclusion Sensitization workshops Interactions and internship Policies and workspace Bold changes DEIsha moving Together 81
Slide 82: Proactive and Positive Industrial Relations
TATA MOTORS Proactive and Positive Industrial Relations Internal Unions Collaborative relations based on trust and respect Wage agreement of four years tenure linked to industry, region and productivity. Bonus agreement based on profitability, productivity and quality 800+ employees assimilated foll
Slide 83: Health
TATA MOTORS Health logo Helpline Emotional Health Employee awareness programs Confidential helpline for employees and family Counselling service by professionals Training for managers to identify stress/ anxiety signals in team members logo Preventive Health Preventive health check for employees Cou
Slide 84: Safety
TATA MOTORS Safety logo WEAR YOUR SAFETY HELMETS. Proactive Safety Index 18 Lead parameters + 1 Lag parameter (TRCFR) Completely digitized across manufacturing units Highest PSI2 over last 3 years matches with lowest injury rates in FY 2023 logo Critical to Safety Stations Manufacturing stations wit
Slide 85: CSR Framework
CSR Framework TATA MOTORS Logo Health •Addressing malnutrition •Preventive and curative healthcare •Strengthening govt. delivery mechanism Logo Education •Coaching classes •Co-Curricular •Financial aid Logo Skilling •Training in Auto and technical trades •Training in non-Auto & Vocational •Agricultu
Slide 86: Climate (for) Change
TATA MOTORS Climate (for) Change Jyotindran Kutty Chief Sustainability Officer Tata Motors Limited
Slide 87: For Climate Change
TATA MOTORS For CLIMATE CHANGE
Slide 88: The Story of an organization on the move
TATA MOTORS The Story of an organization on the move CIRCULAR ECONOMY ZERO NET ZERO EQUITY RE 100 SCIENCE 88
Slide 89: Our Future is based on our Choices
Our Future is based on our Choices In 2022 India experienced extreme weather eventson314 out of 365 days TATA MOTORS (Source: IMD) ..If we thought the unusually wet May was weird, its is likely to get even more unpredictable & worse over the next few decades 89
Slide 90: The Future if we continue with Business as Usual
The Future if we continue with Business as UsualHere's what to expect over the coming decades WORLD ECONOMIC FORUM 00:00.00 TATA MOTORS [Video Licensed under the terms of Creative Commons Attribution-Non Commercial-NoDerivatives 4.0 International Public Licence ("CCPL") by World Economic Forum. Orig
Slide 91: Our Future is based on our Actions
Our Future is based on our Actions Global Temperature Anomaly ("C) LA ידייייוייייו in کے -1.0- 500 proxy-based reconstruction uncertainty ww TATA MOTORS TEMPERATURE & CARBON DIOXIDE www °C +1.0 PPM 400 Temperature +0.5 350 Carbon Dioxide 0.0 300 instrumental record 1880 2021 2000 Global temperature
Slide 92: Tata Motors Vision for a Sustainable Future
Tata Motors Vision for a Sustainable Future PLANET RESILIENCE IMUNITY RESILIENCE TATA MOTORS GOVERNANCE RESILIENC |||| DRIVING NET ZERO, TRANSITIONING TO A CIRCULAR ECONOMY & PRESERVING NATURE & BIODIVERSITY EQUITY AND 'JUST TRANSITION' FOR ALL OUR STAKEHOLDERS (Project AALINGANA) EMBEDDING SUSTAINA
Slide 93: J.R.D. Tata quote on social responsibility
"I believe that the social responsibilities of our industrial enterprises should now extend, even beyond serving people, to the environment. This need is now fairly well recognized but there is still considerable scope for most industrial ventures to extend their support not only to human beings but
Slide 94: Commitments guided by Science
Commitments guided by Science Committed to set interim Science based Targets (Targets to be validated) SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION TATA MOTORS Committed to NET ZERO by 2040 PV Business 2045 CV Business NE T ZE RO Tata Motors is committed to both long term and nea
Slide 95: Driving Net Zero
Driving Net Zero We Made Future Happen TATA MOTORS 95
Slide 96: Operational Decarbonisation
Driving Net Zero: Operational Decarbonisation CV Pune 4 MWp Roof Top Solar installation started which will take the total Roof Top Solar installed Capacity to 9 MWP. CV Pantnagar Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) for a 7 MW captive solar power project at i
Slide 97: Collaboration & Ecosystem Play
Driving Net Zero: Collaboration & Ecosystem Play TATA POWER +India's leading player in the EV charging space Home charging installation support in all cities to support Tata Motors EV customers 2000 public chargers established, providing charging solutions based on solar power TATA CHEMICALS LIMITED
Slide 98: Ratan N Tata quote
"The idea is not to test the limits of our planet and find out how much more damage it can take, but to come together and begin restoration and reversal. We owe it to every generation that comes after." Ratan N Tata, Tweet on 23rd Jan 2020 TATA MOTORS 98
Slide 99: Pioneering Circular Economy
Pioneering Circular Economy Landfill Take Make Use Dispose Extraction of Limited Material Resources Fossil Energy & GHG Emissions Poor Utilization Lower Lifetime Recycled Material Resources TATA MOTORS Extend Life through maintenance, repair, re-use, re-purpose, re-manufacture etc. Keep Material in
Slide 100: Circular Economy: in our Operations
Pioneering Circular Economy: in our Operations ALL OPERATIONS WILL BE WATER NEUTRAL BY 2030 (Pantnagar and Lucknow Operations have already achieved neutrality) TATA MOTORS ALL OPERATIONS WILL ACHIEVE ZERO WASTE TO LANDFILL BY 2030 Tata Motors will invest in technologies and community based solutions
Slide 101: Circular Economy: A holistic journey
Pioneering Circular Economy: A holistic journey Increased Recycled Content in Products & Packaging Towards Water Positivity Zero Waste to Landfill TATA MOTORS NE prolife Pioneering Circular Economy T REWIRE RECYCLE WITH RESPECT ZE RR 100 ‘Qua TML Smart City Mobility Solutions Ltd. TATA MOTORS Tata M
Slide 102: Circular Economy: Enterprise Framework
Pioneering Circular Economy: Enterprise Framework Materials Material Circularity Enabling resource recovery and closing material loop ENTERPRISE LEVEL CIRCULARITY Energy Product Decarbonization Achieving net-zero carbon emissions across the whole life cycle FRAMEWORK Lifetime Lifetime (KPIs, Metrics
Slide 103: J.R.D. Tata on Sumanth Sarovar lake
TATA MOTORS "We did not have to create a lake to produce a truck. But we did" 210/52 J.R.D. Tata on the Lake we now know as the Sumanth Sarovar built by our former Chairman Mr. Sumanth Moolgaokar 103
Slide 104: Preserving Nature and Biodiversity
Preserving Nature and Biodiversity TATA MOTORS 1758 CBD COP15 Global Goals Kunming-Montreal Global Biodiversity Framework A) Restore and conserve nature and biodiversity, while halting mass extinction. B) Sustainably use biodiversity and nature, for the benefit of present and future generations. C)
Slide 105: Preserving Nature and Biodiversity: Value Chain & Beyond
Preserving Nature and Biodiversity: Across our Value Chain & Beyond TATA MOTORS Conserving Habitats around our Operating Sites Montse Aligning to Science to Map and Set Targets across our Value Chain Taking up Flagship Projects for Nature Based Solutions beyond our Value Chain 3 f Tata Motors is evo
Slide 106: Preserving Nature and Biodiversity: Around our Operations
Preserving Nature and Biodiversity: Around our Operations TATA MOTORS [Background Music: Inbound by Scott Buckley | https://soundcloud.com/scottbuckley Music promoted by https://www.free-stock-music.com Creative Commons /Attribution 4.0 International (CC BY 4.0) https://creativecommons.org/licenses/
Slide 107: Ensuring a Just Transition
Ensuring a 'Just' Transition Community Interventions Arogya SUPPLY CHAIN CHANNEL PARTNERS AIKYAM ヨ S G Kaushalya Amrutdhara Seva Vidyadhanam Vasundhara A 'Just' Transition for our stakeholders Aadhaar TATA MOTORS 107
Slide 108: Governance: Embedding Sustainability
Governance: Embedding Sustainability GI PROJECT AALINGANA TATA MOTORS TML BOARD SHS Committee of the Board Ex-Com BU Sustainability Governance Sustainability BSC Governance CI TATA MOTORS Disclosures & Reporting Sustainability Strategy Governance Sustainability while being driven through a top-down
Slide 109: Governance: Enhancing Transparency
Governance: Enhancing Transparency 1.7900 1.7855 Significant improvement over last year's score. Inclusion into the prestigious Emerging Markets Index Tata Motor Limited Automobiles S&P Global ESG Score 2022 64/100 As of November 11th, 2022 Scores are industry specific. Learn more at spglobal.com/es
Slide 110: Providing Leadership- Leading by example
Providing Leadership- Leading by example Ensuring a 'Just' Transition for all our stakeholders CIRCULAR ECONOMY Water Neutral Zero Waste to Landfill Material. Energy. Lifetime. Utilization 2040 for PV 2045 for CV NET ZERO EQUITY RE 100 TATA MOTORS 2030 across all our Operations Investing in Solar an
Slide 111: Financial Outlook
Financial Outlook PB Balaji Chief Financial Officer Tata Motors Group TATA MOTORS
Slide 112: TML India getting back in shape
TML India getting back in shape after a tough few years TATA MOTORS IndAS, KCr CV EBITDA %(1) PV EBITDA %(1) 10.1% 7.4% Domestic Business FCF(2) 7.3% 6.4% 5.3% 4.2% 3.7% 2.0% FY21 FY22 FY23 Q4 FY23 FY21 FY22 FY23 Q4 FY23 CV PBT(bei)(1) 3.2 1.7 -0.5 -0.1 PV PBT(bei)(1) 3.8 2.7 2.4 1.9 (3) (3) FY21 FY
Slide 113: Our medium-term goals are well defined
Our medium-term goals are well defined We remain committed to consistent, competitive, cash accretive growth and deleverage the business TATA MOTORS COMMERCIAL VEHICLES PASSENGER VEHICLES STRONG DOUBLE DIGIT EBITDA 1% DOUBLE DIGIT EBITDA ELECTRIC VEHICLES POSITIVE EBITDA MARGINS ANNUAL CAPEX UP TO I
Slide 114: We are investing to secure our future
We are investing to secure our future Over 50% spend will be towards green technologies TATA MOTORS Domestic Business Investment Spend (CV + PV + EV) INR Crs 6,419 3,664 2,586 FY21 FY22 FY23 8,000 FY24 (Est) 114
Slide 115: ...whilst remaining prudent
...whilst remaining prudent Leases INR 8.3K Crs TATA MOTORS Not to scale Net Auto Debt FY23 Working capital rewind FCF Divestments Net Auto Debt FY25 115
Slide 116: Rating agencies update
This approach is being well received by the rating agencies CRISIL, S&P gives 1 notch upgrade. Moody's and ICRA revise outlook to positive TATA MOTORS Rating Agencies Long Term Rating Update CRISIL AA / Stable Rating upgrade ICRA AA- / Positive Outlook upgrade CARE AA- / Stable S&P Moody's BB / Stab
Slide 117: Corporate actions to simplify, synergize and scale
In parallel, a slew of corporate actions have been launched to simplify, synergize and scale TPG RISE CLIMATE NYSE TATA MOTORS USD 1 Bn raised from TPG Rise Climate in EV business at a valuation of USD 9.1 Bn; will help self fund business capex Voluntary delisting ADS from NYSE aimed at simplifying
Slide 118: To conclude
To conclude We have our task cut out and are executing it with rigour TATA MOTORS Our well differentiated strategy is starting to yield results. We will be focused on driving customer centric innovation, service and digitalisation. We will integrate sustainability into our business strategy to seize
Slide 119: Q&A
Q&A Girish Wagh PB Balaji Ravindra Kumar GP Thomas Flack Jyotindran Kutty Rajendra Petkar TATA MOTORS
Slide 120: Thank you
Thank you TATA MOTORS 11 About Tata Motors Part of the USD 128 billion Tata group, Tata Motors Limited (BSE: 500570 and 570001 ; NSE: TATAMOTORS and TATAMTRDVR ), a USD 37 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offerin