Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Q1 FY27 Earnings Presentation
36 slides from Tata Motors Passenger Vehicles's earnings presentation, Aug 13, 2026
Slide 1: Submission letter to BSE and NSE
BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort Bandra Kurla Complex, Mumbai 400 001 Bandra (E), Mumbai 400 051 August 13, 2026 Sc no.- 18973 Dear Sir/Madam, Sub: Submission of Investor presentation to be made to the Analy
Slide 2: Results for the quarter ended June 30, 2026
Tata Motors Passenger Vehicles Limited ( f o r m e r l y k n o w n a s Ta t a M o t o r s L i m i t e d ) Results for the quarter ended June 30, 2026
Slide 3: Safe harbour statement
Safe harbour statement Statements in this presentation describing the objectives, projections, Other Details estimates and expectations of Tata Motors Passenger Vehicles Limited (the • Presentation format : The results provided represent the details on consolidated segment “Group”), Jaguar Land Rove
Slide 4: Q1FY27 – Key highlights
Q1FY27 – Key highlights Launched Sierra.ev - redefining an icon for a Sets new benchmark for Hatchbacks with next gen Strong EV penetration, 112% YoY growth in Q1 bold, electric future Tiago & Tiago.ev Range Rover Electric debuts at Wimbledon Newest member of the Range Rover line-up Signing of MoU w
Slide 5: Q1: Revenue ₹95.8K Cr, EBITDA 7.4%, PBT(bei) ₹1.6K Cr
Q1: Revenue ₹95.8K Cr, EBITDA 7.4%, PBT(bei) ₹1.6K Cr Resilient start to the year, supply chain headwinds and commodity pressures persist Q 1 F Y 2 7 | C o n s o l i d a t e d | IndAS,₹ K C r Revenue EBITDA EBIT YoY 9.3 % % YoY (130) bps % YoY (90) bps ₹K Cr 105.4 95.8 13.1 87.7 8.7 7.4 8.4 3.3 2.4
Slide 6: EBIT 2.4%; Net Debt at ₹42.2K Cr
EBIT 2.4%; Net Debt at ₹42.2K Cr Net Debt increase, primarily attributable to seasonality Q 1 F Y 2 7 | C o n s o l i d a t e d | IndAS Revenue ₹K Cr PBT (bei) ₹ C r 0.2 10.7 (2.9) 0.1 (3.3)% 0.1% 12.2% 0.3% 95.8 87.7 (2,621) 3,950 134 143 9.3% increase 1,606 Q1 FY26 JLR PV Others Q1 FY27 Q1 FY26 Vo
Slide 7: Jaguar Land Rover Automotive PLC
JAGUAR LAND ROVER AUTOMOTIVE PLC R I C H A R D M O LY N E U X Chief Financial Officer Results for the quarter ended June 30, 2026 6
Slide 8: Q1 Revenue £6.0bn, adjusted EBIT margin 2.8%
Q1 Revenue £6.0bn, adjusted EBIT margin 2.8% JLR delivers profitable quarter despite Q1 headwinds Q1 FY27 | Jaguar Land Rover | IFRS, £m EBIT Revenue EBITDA % £m YoY (9.6) % % YoY (120) bps YoY (120) bps 6,604 6,870 14.0 5,973 9.2 9.3 8.1 4.0 2.8 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY
Slide 9: Q1 FY27 performance
Q1 FY27 performance VOLUME & REVENUE - Volumes and revenue decreased in Q1, versus the prior quarter and prior year, having been affected by temporary supply constraints, including a fire at a major component supplier at the start of the quarter, market disruption linked to the conflict in the Middl
Slide 10: Wholesales by brand and powertrain
Strong product mix sustained despite Q1 volume headwinds Volumes affected by temporary supply constraints, market disruption and planned Jaguar wind down Q 1 F Y 2 7 | B ra n d s | Units in 000’s JLR POWERTRAIN RANGE ROVER DEFENDER DISCOVERY JAGUAR2 TOTA L 3 M I X ( R E TA I L S ) WHOLESALES1 95.3 8
Slide 11: Wholesales and retails by region
Strong product mix sustained despite Q1 volume headwinds Volumes affected by temporary supply constraints, market disruption and planned Jaguar wind down Q 1 F Y 2 7 | Re g i o n s | Units in 000’s UK NORTH AMERICA EUROPE CHINA MENA OVERSEAS WHOLESALES1 27.2 28.2 27.2 21.5 21.9 17.3 16.3 14.2 12.5 1
Slide 12: Q1 Adjusted EBIT Margin decreased YoY from 4.0% to 2.8%
Q1 Adjusted EBIT Margin decreased YoY from 4.0% to 2.8% Profit before tax and exceptional items was £109m in Q1 FY27, down from £351m in Q1 FY26 Q1 FY27 | IFRS, £m Operational FX (20) (20) Realised FX 12 derivatives Volume & mix (75) Net Engineering 36 FX revaluation (84) US Duties Impact 134 D&A 44
Slide 13: £1.0bn of free cash outflow in the quarter
£1.0bn of free cash outflow in the quarter After planned investment spend of £0.9bn Q1 FY27 | IFRS, £m Free cashflow before working capital £(352)m (23) 444 530 Payables (379) (882) 109 Receivables 91 D&A 313 Inventory (438) Engineering costs expensed Other 80 172 Interest paid (112) Other 71 (998)
Slide 14: First quarter investment spend of £0.9bn
First quarter investment spend of £0.9bn In line with expectations ahead of launch of new products Q1 FY27 | IFRS, £m 221 882 172 661 489 Capitalised Expensed Total Capital Total Engineering Engineering Engineering Investment Investment Q1 FY26 443 193 636 228 864 13
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Slide 16: Growth, Reimagined
Growth, Reimagined DOUBLE DIGIT 300K BREAKEVEN REVENUE GROWTH ENTERPRISE MISSIONS LAUNCH COST EX-WORKS WARRANTY EXCELLENCE EFFICIENCIES PROCESS EXCELLENCE Critical to underpinning the above value delivery RETURN BREAK-EVEN VOLUMES TOWARDS 300K IN 2 YEARS DOUBLING DOWN ON GROWTH IN A RESILIENT NORTH
Slide 17: Customer metrics continue to improve
Customer metrics continue to improve OUR REVENUE PER UNIT CONTINUES TO RISE TWO SEGMENT AWARDS IN 2026 BEST IN CLASS RESIDUAL VALUE % J.D. POWER APEAL STUDY FOR CLIENTS2 ASP | £’000 75.3 RANGE ROVER– SUV 74.4 Defender achieves success in the Midsize USA Premium SUV segment, reinforcing its 72.3 72.2
Slide 18: Exciting New Models poised for launch
Exciting New Models poised for launch Range Rover Electric introduced through invitation-only events over The arrival of Range Rover Sport Electric confirmed for later this year, the summer, ahead of order books opening later in 2026 signalling a new era of sporting luxury Range Rover GT introduced
Slide 19: Tata Passenger Vehicles
Tata Passenger Vehicles Shailesh Chandra & Dhiman Gupta ( I n c l u d e s Ta t a P V, E V I n d i a , F I A P L J O r e s u l t s a n d I n t e r n a t i o n a l b u s i n e s s ( P V + E V ) ) 18
Slide 20: Firm #2 rank with strong demand across portfolio
Firm #2 rank with strong demand across portfolio Alternate powertrain mix increased to 46% on the back of rising customer preference for EVs Tata Passenger Vehicles | India business Offtake Volumes (incl. IB) Vahan Domestic Market Share(1) Powertrain Mix (Average Monthly Volumes in ‘000s) Petrol Die
Slide 21: Accelerating growth momentum in EVs with highest-ever volumes
Accelerating growth momentum in EVs with highest-ever volumes Market leadership with ~40% market share, despite sustained rise in competition Tata Passenger Electric Vehicles EV Offtake Volumes (incl. IB) Vahan Domestic Market Share(1) TMPVCharging CAFE II Network Compliance (Average Monthly Volumes
Slide 22: Q1: Revenue ₹17.9K Cr, EBITDA 4.3%, PBT(bei) breakeven
Q1: Revenue ₹17.9K Cr, EBITDA 4.3%, PBT(bei) breakeven Strong revenue growth; elevated commodity/Fx pressure since Q4FY26 moderating margin improvement Q 1 F Y 2 7 | T a t a P a s s e n g e r V e h i c l e s | IndAS, ₹ K C r YoY 64.8 % PBT (bei) Wholesales YoY 46.1% Revenue ₹K Cr (K units) ₹K Cr 201
Slide 23: Q1 EBIT at (0.5)% (+230 bps); PBT (bei) neutral
Q1 EBIT at (0.5)% (+230 bps); PBT (bei) neutral EBIT margins improve YoY on favourable operating leverage EBITDA margin walk Q 1 F Y2 7 | T at a Passen ger Veh i c l es | IndAS, ₹ KCr 0.5% (1.2)% 1.1% 4.0% 4.3% (4.1)% 4.0% EBITDA Margin Mix + PLI Realisations Var Cost Fixed cost JV, others EBITDA Ma
Slide 24: Q1 FY27 Free Cash Flows ₹1.1K Cr
Q1 FY27 Free Cash Flows ₹1.1K Cr Investment spends funded through profits and tax refund; favourable working capital Q 1 F Y 2 7 | D o m e s t i c B u s i n e s s (1) | I n d A S , ₹ C r Payables, acceptances ₹ 2,152 Cr Trade receivables ₹ 54 Cr Inventories ₹ 940 Cr Others ₹ 76 Cr 421 46 1,398 686 (
Slide 25: Investment Spending in Q1 FY27 ~₹1.5K Cr
Investment Spending in Q1 FY27 ~₹1.5K Cr Investment spends increasing gradually as we step-up for next phase of growth Q 1 F Y 2 7 | D o m e s t i c B u s i n e s s (1) | I n d A S , ₹ C r 616 226 1,513 897 671 Capitalised Expensed Total Capital & Other Total Investment Q1 FY27 R&D R&D R&D Investmen
Slide 26: Business Update Q1 FY27
Business Update Q1 FY27 Growing market share across ICE & EV, as demand environment remains robust Tata Passenger and Electric Vehicles PV Industry Highlights TMPV Highlights • Strong PV industry volumes of 1.3mn units, supported by • Industry beating growth across PV & EV with overall robust post-G
Slide 27: Looking Ahead
Looking Ahead Sustain industry-beating growth by de-bottlenecking supply chain. Profitability enhancement through disciplined execution Tata Passenger and Electric Vehicles Key Focus Areas • Sustain growth momentum on the back of strong demand pipeline & timely new launches • Leverage favorable powe
Slide 28: Looking ahead
Looking ahead Outlook • Implications from global geopolitical developments and luxury segment industry trends continue to be key monitorable • Financial performance to remain prudent as we deliver on our mid to long-term strategy Key priorities JLR Domestic business Consolidated • Execute launch pip
Slide 29: 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 28
Slide 30: Tata Motors Passenger Vehicles Group: Additional details
Tata Motors Passenger Vehicles Group : Additional details Results for the period ended June 30, 2026 29
Slide 31: Tata Motors Passenger Vehicles Group Financials
Tata Motors Passenger Vehicles Group Financials Consolidated Rs Cr. IndAS Quarter ended June 30, 2026 Tata Passenger Particulars JLR Others* Consolidated Vehicles Revenue from operations 76,705 17,930 1,164 95,799 Grant income / incentives 385 359 20 764 Expenses : Cost of materials consumed (44,899
Slide 32: Tata Motors Passenger Vehicles Group Financials
Tata Motors Passenger Vehicles Group Financials Consolidated Rs Cr. IndAS Quarter ended June 30, 2025 Tata Passenger Particulars JLR Others* Consolidated Vehicles Revenue from operations 75,952 10,877 848 87,677 Grant income / incentives 574 126 - 700 Expenses : Cost of materials consumed (46,834) (
Slide 33: Tata Motors Group Financials: Jaguar Land Rover
Tata Motors Group Financials Jaguar Land Rover Q1 FY27 | IFRS, £m Q1 Q4 Q1 Yo Y QoQ FY2 6 FY2 6 F Y2 7 Revenues 6,604 6,870 5,973 (631) (897) Material and other cost of sales (4,096) (4,153) (3,547) 549 606 Employee costs (847) (835) (869) (22) (34) Other (expense)/income (1,488) (1,403) (1,565) (77
Slide 34: China JV performance
China JV performance Q1 FY27 | IFRS, £m Q 1 FY2 6 Q 4 FY2 6 Q1 FY27 Yo Y QoQ Retail volumes (‘000 units) 6.3 3.9 5.3 (1.0) 1.4 Wholesale volumes (‘000 units) 5.6 2.1 1.9 (3.7) (0.2) Revenue 169 137 169 - 32 Profit before tax 6 (4) (5) (11) (1) Profit after tax 8 (3) (4) (12) (1) EBITDA Margin 25% 17
Slide 35: Q1 YoY unfavorable operational FX
Q1 YoY unfavorable operational FX Total Q1 FX and commodity impact £(123)m unfavourable YoY Q1 FY27 | IFRS, £m (8) (20) 12 (58) (92) (123) (26) (31) Operational Realised FX hedges FX impact on EBIT FX revaluation of Other FX FX impact on PBT Unrealised FX & Commodity exchange 1 net debt & debt reval
Slide 36: Debt profile
Debt profile Strong liquidity; debt maturities well spread out Q 1 F Y 2 7 | IFRS, £m Jaguar Land Rover £m TML Holdings Total Cash and financial deposits Undrawn £2bn Syndicated Loan due 2031 Liquidity Undrawn UKEF facility Bank loans £ 5 ,8 66m Total Debt Total Debt Leases (IFRS16) & other Bonds £
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