Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Investor Day (June 2026)
90 slides from Tata Motors Passenger Vehicles's investor day presentation, Jun 23, 2026
Slide 1: Exchange filing cover letter for Investor Day presentation
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 June 23, 2026 Sc no. – 18944 Dear Sir/Madam, Sub: Submission of Investor Day Presentation Pursuant to Regulati
Slide 2: Tata Motors Passenger Vehicles Investor Day
TATA MOTORS TATA MOTORS PASSENGER VEHICLES —- Fé, PASSENGER VEHICLES INVESTOR
Slide 3: Safe Harbor Statement
Safe Harbor Statement Statements in this presentation describing the objectives, projections, estimates and expectations of Tata Motors Passenger Vehicles Limited (the “Group”) and its business segments may be “forward-looking statements” within the meaning of applicable securities laws and regulati
Slide 4: Agenda
AGENDA PV Business Overview and Strategy PV Business Updates › EV product & technology strategy › Product quality transformation › Supply Chain transformation - Growth with Profitability PV Business - Financial performance and outlook Consolidated TMPV Group - 5-year priorities and outlook Q&A Sessi
Slide 5: PV Business Overview and Strategy
PV BUSINESS OVERVIEW AND STRATEGY SHAILESH CHANDRA Managing Director & CEO, Tata Motors Passenger Vehicles Limited
Slide 6: Agenda
Agenda FY26 Long-Term Our Strategy Overview Industry Trends Going Forward
Slide 7: Agenda
Agenda FY26 Long-Term Our Strategy Overview Industry Trends Going Forward
Slide 8: FY26 was a tale of two halves for the Indian PV industry
FY26 was a tale of two halves for the Indian PV industry After a muted first half, there was a sharp, broad-based recovery in H2 FY26 Average Industry Monthly Volumes H1 FY26 - Industry Headwinds Volumes in thousands 435 1. Demand moderation in H1 & subdued customer sentiments 351 360 2. Significant
Slide 9: Tata Motors PV delivered its strongest-ever year
Tata Motors PV delivered its strongest-ever year Agile actions & disciplined execution translated into record volumes, increasing market shares & EV leadership vehicles sold in FY26 - YoY growth rate for us ranked PV manufacturer in 6.4L+ highest ever in TMPV history ~2x (15%) vs industry (8%) #2 In
Slide 10: We drove growth across the portfolio esp. CNG
We drove growth across the portfolio esp. CNG We outpaced the industry across vehicle segments (SUV & hatches), and CNG continued to be a major growth driver for us Tata CNG Annual Volumes Strong SUV Growth • Nexon & Punch were the Top-2 Industry-Beating Growth SUVs in India in H2 FY26 Volumes in th
Slide 11: We sustained our EV leadership position with record volumes
We sustained our EV leadership position with record volumes Our growth in EVs has been driven by an expanding portfolio that continues to address barriers to adoption Tata EV Annual Volumes Key Highlights & Milestones Volumes in thousands 92 92k+ 40%+ 300k+ EVs sold in FY26 - EV market share EVs sol
Slide 12: New & refreshed products strengthened demand in H2
New & refreshed products strengthened demand in H2 A strong wave of launches and refreshes re-energised our product portfolio New Nameplate Sierra New Punch New Altroz Harrier & Safari Petrol New Punch.ev Harrier.ev
Slide 13: Our THRIVE Transformation initiatives delivered structural gains
Our THRIVE Transformation initiatives delivered structural gains Key actions taken over the past 18 months helped build foundations & were fundamental to our growth Network 01 Quality 02 Service 03 Marketing 04 Sales 05 Profitability 59% 300 bps+ 30%+ 260 bps 90%+ reduction in early-life improvement
Slide 14: In IB, we saw a sharp growth in our volumes
In IB, we saw a sharp growth in our volumes Growing international presence esp. re-entry into the South African market has been a key growth driver Tata Motors IB Volumes Growing IB Presence 4x volumes vs FY25 Volumes 10200 South Africa Nepal Sri Lanka Mauritius Bhutan Continued IB Growth Momentum i
Slide 15: Agenda
Agenda FY26 Long-Term Our Strategy Overview Industry Trends Going Forward
Slide 16: Industry will grow to 6.4mn and Price-Volume Curve will shift upwards
Industry will grow to 6.4mn and Price-Volume Curve will shift upwards Structural demand drivers will drive 6-7% CAGR, while rising incomes will pull the median price higher PV Industry Volume Projection Industry Price-Volume Curve 6-7% CAGR FY21 FY26 FY31 FY31 FY26 FY21 Volumes in millions 6.4 4.7 2
Slide 17: Segmental shifts will persist and car buyers will get younger
Segmental shifts will persist and car buyers will get younger SUVs will continue to be the largest & fastest-growing segment as a younger & ‘digitally native’ customer cohort becomes the majority Industry Segment Salience (% of total volumes) Share of Car Buyers across Generations 8 10 11 28 2025 13
Slide 18: In line with global trends, tech quotient in vehicles will increase
In line with global trends, tech quotient in vehicles will increase The evolving Indian customer base is increasingly looking for modern & aspirational experiences Modern & Aspirational Design Language Premium Tech Features across Segments Superior In-Cabin Creature Comfort Seamless Software Integra
Slide 19: By FY31, 45%+ of the industry will be CNG & EV
The future is clearly Multi-Powertrain By FY31, 45%+ of the industry will be CNG & EV - driven by both pull and push factors By FY31, 45%+ of the industry will be CNG & EV PULL - Customer-driven demand PUSH - Policy & OEM actions 1. Running-cost advantage with assurance of reliability 1. CAFE regula
Slide 20: EV Industry will scale to 10 Lakh+ by FY31
EV Industry will scale to 10 Lakh+ by FY31 EV volumes will increase as customer preference grows, proposition strengthens and the ecosystem matures Key Drivers for EV Penetration Industry EV Volume Projection Volumes in lakhs (illustrative 10-11 CAFE to drive EV Participation of Top projection) pene
Slide 21: Multi-Powertrain will drive the industry's growth story
Multi-Powertrain will drive the industry’s growth story As the industry grows by 17 lakh units from FY26 to FY31: nearly half will come from EV and 35% from CNG PV industry volumes, lakh units 6 3 64 47% of the growth is EV (+8L) 8 Petrol (incl. hybrid, flex etc.) & Diesel powertrains CNG share at 2
Slide 22: Agenda
Agenda FY26 Long-Term Our Strategy Overview Industry Trends Going Forward
Slide 23: Our growth journey: How we grew from FY20 to FY26
Our growth journey: How we grew from FY20 to FY26 Our volumes grew ~5x driven by industry growth, expanding & maximizing our portfolio and our multi-powertrain strategy 133K ~5x volumes 640K in FY20 in FY26 Illustrative contribution to volume growth, FY20 → FY26 Multi- powertrain Portfolio expansion
Slide 24: Going forward, our aspirations remain strong
Going forward, our aspirations remain strong We are building towards sustained growth momentum and 20% market share over the next phase of growth Increase in Volume Growth Market Share 9% MS FY20 to FY26 30% CAGR increase FY26 to FY31 5-6% increase 15% CAGR Aspiration (20% MS)
Slide 25: Next phase of growth will add 600k+ incremental units
Next phase of our growth will involve adding 600k+ incremental units Multi-powertrain strategy will be the largest lever as our portfolio broadens 640K ~2x volumes 1.2mn+ in FY26 in FY31 Illustrative contribution to volume growth, FY26 → FY31 Leveraging EV & CNG (high growth & high market share segm
Slide 26: We will have a portfolio of 15 Nameplates by FY31
We will have a portfolio of 15 Nameplates by FY31 6 new nameplates and 20+ refreshes will strengthen our portfolio holistically Our portfolio by FY31 Existing Portfolio Tiago Tigor Altroz 15 Nameplates New Punch Nexon Curvv 06 nameplates Facelifts & Sierra Harrier Safari 20+ Refreshes
Slide 27: Our product interventions will expand our addressable market
Our product interventions will expand our addressable market New nameplates will capture existing segments, and also create new segments in the industry OUR PORTFOLIO STRATEGY 2 EV nameplates Creating New Segments/ Powertrain 1 PV 80%+ Options Illustrative images – not reflective of # of launches na
Slide 28: Three pillars will define every product we build
Three pillars will define every product we build A consistent brand promise across powertrains and price points Distinctive, head-turning Vehicle architectures designed Connected, software-defined silhouettes for world-class safety vehicles with OTA capabilities Intuitive & feature-rich in- Premium
Slide 29: Multi-Powertrain will be our biggest growth lever
Multi-Powertrain will be our biggest growth lever A significant proportion of our 600K+ incremental volume to FY31 will come from EV and CNG TMPV Incremental volumes to FY31 – from 640K to 1.2mn+ EV CNG Others Key Growth Engines ELECTRIC VEHICLES CNG VEHICLES Driving 30%+ EV penetration as the leade
Slide 30: CNG is a large opportunity and a critical growth lever
CNG is a large opportunity and will be a critical growth lever for us We will aspire to increase our share in CNG holistically through our curated strategy CNG OPPORTUNITY HOW WE WILL WIN High penetration in small cars & compact SUVs Expand CNG portfolio Constitutes 60%+ of industry volumes, with si
Slide 31: In EVs, we have the widest portfolio & will strengthen it
In EVs, we have the widest portfolio & will continue to strengthen it We will ensure that there is a model for every Indian buyer across price points and bodystyles Widest EV Portfolio In India Currently Strengthening EV Portfolio Xpres-T EV Tiago.ev Punch.ev Portfolio expansion in white spaces & pr
Slide 32: We will continue to enhance value proposition of our EV offerings
We will continue to enhance value proposition of our EV offerings These will help address barriers to adoption and will ensure that our products are the best-in-segment Entry Mid High Now Future Now Future Now Future Sufficient real-world range Faster charging Price parity with ICE Lifetime battery
Slide 33: In EVs, our scale, tech stack and ecosystem will be our moat
In EVs, our scale, tech stack and ecosystem play will be our moat We will leverage on our learnings, tech evolutions & charging ecosystem actions to sustain leadership position Our Cost & Technology Edge Ecosystem Actions First-mover advantage Partnership to We will utilize billions of km of real-wo
Slide 34: Key enablers are also in place to deliver sustained growth
Key enablers are also in place to deliver sustained growth Five enablers will underpin our ambition to grow volumes and ensure financial health of the business Network Capacity Quality Service Profitability Sales reach to grow Manufacturing Designed-in A faster, more Stronger margins volumes, with s
Slide 35: We will scale-up our network to meet our volume aspirations
We will scale-up our network to meet our volume aspirations Multi-fold sales & service network growth to support volume & reach increase, while ensuring network health Sales Network Plan Service Network Plan 2x Growth in Next 5 Years 3x Growth in Next 5 Years 3,200 3,000 + 1,669 1,211 759 483 FY21 F
Slide 36: We will expand our production capacity for the next growth phase
We will expand our production capacity for the next growth phase Accelerated scale-up of manufacturing capacity in line with our aspirations Manufacturing Capacity Enhancement Key Levers for Capacity Increase Investment into new facility to expand overall capacities Structural expansion of key shops
Slide 37: We will enhance product quality comprehensively
We will enhance product quality comprehensively Leveraging structural capabilities built over the past few years, we will move towards addressing quality proactively LEVER 01 • Robust reliability through system-level simulations & early validations Processes & Controls • Transition towards stringent
Slide 38: We will further strengthen service responsiveness
We will further strengthen service responsiveness Key transformations are in place to build a scalable, tech-enabled, customer-first service network for the long term Higher Capacity & Coverage Tech-Led Diagnostics & Training Aggressive network expansion & 3x capacity growth with Leveraging AI-based
Slide 39: We will continue to enhance profitability through key levers
We will continue to enhance profitability through key levers We have a disciplined roadmap to reach our profitability aspirations by FY31 Maximize operating leverage Strong Cost Reduction As our volumes grow, we will enhance our Aggressive cost actions across products that will fixed cost leverage e
Slide 40: EV Product and Technology Strategy
EV PRODUCT AND TECHNOLOGY STRATEGY ANAND KULKARNI Chief Product Officer & Head – HV Programs, Tata Passenger Electric Mobility Limited
Slide 41: Our EV strategy has rested on four intents from day one
OUR EV STRATEGY · SO FAR Our EV strategy has rested on four intents from day one Pioneer The Category The Widest Portfolio First credible mass-market EV maker in India Broadest set of price points and body - created the segment, earned early trust styles - an EV for every Indian need Enhance Value E
Slide 42: We have India's widest EV portfolio, covering ₹7 Lakh to ₹29 Lakh
WHAT WE’VE DELIVERED · WIDEST PORTFOLIO We have India’s widest EV portfolio, covering ₹7 Lakh to ₹29 Lakh Our portfolio addresses every segment, every need for Indian customers Tiago.ev Punch.ev Nexon.ev Curvv.ev Harrier.ev Hatch EV Sub-Compact SUV Compact SUV SUV Coupé High SUV EV Price coverage vs
Slide 43: We have relentlessly enhanced value proposition of our products
WHAT WE’VE DELIVERED · VALUE PROPOSITION Over the past 6 years, we have relentlessly enhanced value proposition of our products Case in point: Nexon.ev has seen a comprehensive improvement towards price parity and more range Real-world range (km) — +66% in 6 years 325 365 300 220 ✓ Lifetime Warranty
Slide 44: As EV pioneers and leaders, we have stayed ahead in technology
WHAT WE’VE DELIVERED · ADVANCED TECHNOLOGY As EV pioneers and leaders, we have stayed ahead of the curve in terms of technology Our tech has evolved with every product intervention, from purpose-built platforms to advanced battery tech Conversion programs Nexon EV Ziptron First- Ziptron Battery Pack
Slide 45: We have the most advanced technology in the mass market
WHAT WE’VE DELIVERED · ADVANCED TECHNOLOGY As a result, we have the most advanced technology in the mass market V2V / V2L charging Level 2+ ADAS Power your home — or another EV — from your car Highway assist, lane keep, adaptive cruise QWD capability Arcade.ev app store Quad-wheel drive for all-terr
Slide 46: This has made us India's clear leader in EVs
WHAT WE’VE DELIVERED This has made us India’s clear leader in EVs EV Parc in Market is Ours Tata Motors EV Parc 60%+ In a market that grew from 5 to 28 EV models 309k Tata EVs on the road 300K+ 14 billion+ kilometers driven cumulatively 216k 151k EV manufacturer & brand in India #1 Market leadership
Slide 47: EV penetration for Tata Motors by FY31
Our Ambition EV penetration for Tata Motors by FY31
Slide 48: By FY31, we will have a portfolio of 10 EV nameplates
THE PATH AHEAD · PRODUCT PORTFOLIO By FY31, we will have a portfolio of 10 EV nameplates We have a sustained launch cadence for the next phase of growth to strengthen our portfolio comprehensively Existing EV Portfolio Portfolio & Interventions FY31 PORTFOLIO Nameplates Xpres-T Curvv.ev Harrier.ev N
Slide 49: Three key technology pillars will continue to compound our advantage
THE PATH AHEAD · TECHNOLOGY APPROACH Three key technology pillars will continue to compound our advantage We will continue to lead the way in terms of technology in EVs in India 1 BATTERY TECHNOLOGY 2 INTEGRATED POWERTRAIN 3 THERMAL MANAGEMENT From 30 kWh to 75 kWh and beyond Standalone → Integrated
Slide 50: We will advance the key EV tech pillars every product intervention
THE PATH AHEAD · TECHNOLOGY ROADMAP We will advance the key EV tech pillars every product intervention Our battery, powertrain and thermal management technologies will continue to evolve 2–3× more range 3× faster charging +20–23% energy density BATTERY st 1 Gen → rd 3 Gen POWERTRAIN Standalone → Int
Slide 51: We will enhance value proposition across five key levers
THE PATH AHEAD · VALUE PROPOSITION We will continue to enhance value proposition across five key levers Currently EVs are being considered by early majority, we will enhance products to drive adoption among early & late majority customers India EV adoption has crossed from early adopters into the ea
Slide 52: Three layers and a virtuous cycle will sustain our EV leadership
THE PATH AHEAD With three layers and a virtuous cycle, we will sustain our leadership in EVs LAYER 1 LAYER 2 LAYER 3 WIDEST EXISTING PORTFOLIO PRODUCT EVOLUTION TECHNOLOGY UPGRADE • 6 EVs today → 10 by FY31 • 4 new products & 10+ refreshes • Multi-Format battery • ₹7L to ₹30L+ price coverage • 30% p
Slide 53: We didn't just start India's EV revolution
We didn't just start India’s EV REVOLUTION, we are building the technology and the ecosystem that will shape its next chapter
Slide 54: Product Quality Transformation
PRODUCT QUALITY TRANSFORMATION MOHAN SAVARKAR Chief Product Officer & Chief Corporate Quality Officer, Tata Motors Passenger Vehicles Limited
Slide 55: Quality transformation as a strategic lever for growth
WHY QUALITY, WHY NOW Quality transformation as a strategic lever for growth VOLUME & PORTFOLIO EXPANSION As we scale volumes and our portfolio, world-class product quality is required to meet evolving business and customer expectations ~5x growth from FY20 to FY26 640 Vehicles in thousands ('000) In
Slide 56: Quality built across the entire value chain
OUR APPROACH Quality built across the entire value chain Over the past few years, we have driven transformation in quality across the value chain New Product Creation Engineering Supplier Ecosystem Manufacturing Customer Experience Embedding quality at the Ensuring product Enhancing part and Driving
Slide 57: New products have delivered a step-change in quality
NEW PRODUCT LAUNCHES New products have delivered a step-change in quality New-generation products embed quality into the architecture, demonstrating higher benchmarks Ride & Handling Vehicle Capability Cabin Refinement Digital Experience Consistently strong ride Confidence and control on the A clear
Slide 58: Ensuring quality is engineered into all our vehicles
ENGINEERING Ensuring quality is engineered into all our vehicles Benchmark build quality to ensure world-class safety and a sharp improvement in reliability performance for new launches Build Quality & Safety Reliability through Early Validation • Quality metrics aligned with real customer usage dat
Slide 59: Quality excellence in software & high-voltage technologies
NEW TECHNOLOGY AREAS Quality excellence in software & high-voltage technologies As the industry shifts to software-defined and electric vehicles, quality in new-tech areas is a strategic priority Software High Voltage Technology • Dedicated software-integration organization for end-to- • Evolving ba
Slide 60: Ensuring advanced manufacturing capability & precision
MANUFACTURING Ensuring advanced manufacturing capability & precision Manufacturing consistency through stable and capable processes — built on advanced systems and new infrastructure Advanced Manufacturing Systems – Sanand 2 New Infrastructure – 1.5L Engine Factory • Pilot of next-generation manufac
Slide 61: Driving supplier quality excellence
SUPPLIER ECOSYSTEM Driving supplier quality excellence Collaborating with supplier partners to enhance quality at every stage of development Early Integration Collaborative Validation Co-Creation Capability Development Integrating partners early to Joint validation ensuring Co-developing technologie
Slide 62: Improving quality across customer touchpoints
CUSTOMER EXPERIENCE Improving quality across customer touchpoints Ensuring the quality manufactured at our facilities reaches the customer Stringent Vehicle Dispatch Process Tamper-Proof Logistics Discipline Digitization - e-Pre Delivery Inspection More rigorous quality- Tamper-proof sealing and del
Slide 63: Our holistic actions are showing up across metrics
EARLY RESULTS Our holistic actions are showing up across metrics Impact of actions taken are reflecting in the sustained improvement in product quality indicators Early-life vehicle issues 59% improvement Long-term ownership issues 25% YoY improvement from FY24 to FY26 from FY25 to FY26 per ‘000 veh
Slide 64: Driving the next phase of quality improvement – Our Vision
LOOKING AHEAD Driving the next phase of quality improvement – Our Vision We aspire to deliver: World-Class Quality World-Class Durability World-Class Reliability Fit, finish and in-use product experience Ability to sustain quality over the product lifecycle Consistent performance without failures th
Slide 65: From reactive towards predictive quality
ENABLER 01 · PREDICTIVE QUALITY From reactive towards predictive quality Building a quality system that detects early, predicts accurately and eliminates permanently before an issue comes into effect Software Excellence System Integration Validation Connected Car Intelligence Digital Engineering & D
Slide 66: Our ecosystem is evolving towards making errors impossible, by design
ENABLER 02 · BUILT-IN QUALITY Our ecosystem is evolving towards making errors impossible, by design Shifting from managing errors to preventing them through process design and infrastructure Transition to Level-3 Controls State-of-the-Art Infrastructure Ensuring built-in process design: Continuous u
Slide 67: Leveraging and scaling AI as a self-learning quality system
ENABLER 03 · LEVERAGING AI Leveraging and scaling AI as a self-learning quality system AI to support quality enhancement across the value chain in four key aspects Seeing Everything Prediction before Failure Prevention at Source Closed-Loop Learning AI vision sensing for advanced Processes capable o
Slide 68: Adopting Total Quality Management as a way of life
ENABLER 04 · TQM Adopting Total Quality Management as a way of life Embedding quality in the tata motors culture — an organisational system that improves business outcomes & customer experience Customer Structured Problem- Centricity Solving BUILDING QUALITY OWNERSHIP AS AN ORGANIZATIONAL Process MI
Slide 69: We are building strong products, backed by disciplined execution
We are building strong products, backed by disciplined execution and a relentless focus on quality — ensuring growth that is consistent, scalable, and trusted.
Slide 70: Supply Chain Transformation – Growth with Profitability
SUPPLY CHAIN TRANSFORMATION – GROWTH WITH PROFITABILITY SUDHIR CHIKHLE Chief Purchase Officer Tata Motors Passenger Vehicles Limited
Slide 71: Our supply chain must evolve to deliver growth with profitability
CONTEXT & SUPPLY CHAIN IMPLICATIONS Our supply chain must evolve to deliver growth with profitability Business Imperatives & Operating Environment Supply Chain Implications 01 Doubling annual volumes Expand supplier capacity to match growth aspirations ₹ Align cost structures with benchmarks to lift
Slide 72: We will build resilience as supply-chain complexity rises
RESILIENCE · MANAGING COMPLEXITY We will build resilience as supply-chain complexity rises Growing Complexity In The Supply Chain Key Approach 01 Supply-chain control tower for N-tier visibility & governance increase in number of parts per vehicle over 15+% the last decade Vendor park in close proxi
Slide 73: Our structural cost reduction engine has delivered 2%+ cost reduction every year
PROFITABILITY · COST REDUCTION Our structural cost reduction engine has delivered 2%+ cost reduction every year Our Cost Reduction Program Historical Cost Reduction Delivery Conventional Levers - BAU Commercials Value Engineering ~2-2.5% p.a. Levers Actions Combined ICE + EV Cost Reduction, % revenu
Slide 74: We are targeting 5–6% ICE cost reduction in two years
PROFITABILITY · ICE COST REDUCTION We are targeting 5–6% ICE cost reduction in two years through structural levers Additional Levers To Address Gap Vs Industry Approach For Cost Reduction In Addition to BAU TMPV New Structural Approach Commercial Levers Design-to-Cost & Vehicle Architecture Source-t
Slide 75: We will undertake cost reduction across all major ICE systems
PROFITABILITY · ICE COST REDUCTION EXAMPLES We will undertake cost reduction across all major ICE systems Key Examples: Lightweighting of Architecture Deeper Localization ACHIEVED INCREMENTAL PLANNED ACHIEVED INCREMENTAL PLANNED Body Structure, Chassis lightweighting Localization of key sub componen
Slide 76: We will drive deeper structural EV cost reductions for post-PLI world
PROFITABILITY · EV COST REDUCTION We will drive deeper structural EV cost reductions as we prepare for post-PLI world Key Areas of EV Cost Reduction (in addition to ICE glider): Battery Pack – Non-Cell / kWh Electric Drive Systems ACHIEVED INCREMENTAL PLANNED ACHIEVED INCREMENTAL PLANNED In-housing
Slide 77: We will build strategic supplier partnerships for growth
GROWTH · STRATEGIC PARTNERSHIPS We will build strategic supplier partnerships for growth Strategic partner concentration Key areas of partnership Advanced Start-ups Materials 1 2 3 4 APV from Top 20 Suppliers · FY26 APV from Top 20 Suppliers · FY31 Tooling Electrical & Electronics Benefits of strate
Slide 78: PV Business: Financial Performance and Outlook
PV BUSINESS: FINANCIAL PERFORMANCE AND OUTLOOK DHIMAN GUPTA Chief Financial Officer Tata Motors Passenger Vehicles Limited
Slide 79: FY20-FY26: Delivering exceptional growth while remaining financially prudent
FY20-FY26: Delivering exceptional growth while remaining financially prudent Product strategy aligned Exponentially with evolving consumer preferences + increased presence and scale + Maintaining financial prudence Products and Capex Revenue EV Invested in new nameplates, Industry beating 33% CAGR i
Slide 80: Investing in scale. Platform for margin and profit expansion ahead
Investing in scale. Platform for margin and profit expansion ahead EV mainstreaming, commodity pressure, competitive intensity—managed through cost excellence 10 EBITDA EBITDA % 13% 8 6.4% 6.9% 8% 6 4.1 3% 4 3.1 -2% 2 0 -7% Mainstreaming of EVs, competitive intensity & commodity increase funded Stea
Slide 81: FY27 Outlook
FY27 Outlook Capitalizing on FY26 momentum while managing supply and cost dynamics with agility Our Environment Our Priorities Robust domestic demand Outperform industry with a compelling portfolio Evolving customer preferences, growing EV demand Leverage widest EV portfolio Dynamically evolving mac
Slide 82: Strengthening profitability through structural cost reductions
Strengthening profitability through structural cost reductions Conventional Levers New structural approach 5-6% cost reductions Architecture Powertrain Commercial actions Interventions Optimization in ICE Value engineering Standardization and Design-to-Cost & modularity Source-to-Cost Deeper Structu
Slide 83: EV margins post-PLI: Clear pathway to expansion through multiple levers
EV margins post-PLI: Clear pathway to expansion through multiple levers % realized FY24-26 Near EBITDA breakeven ex PLI Mix and fixed cost leverage to drive margin improvement. Commodity costs to be absorbed Pricing upsides as emission costs increase ~3% ~5% ~3% Near parity with ICE Mid-single Mid-s
Slide 84: Looking Ahead: Establishing growth levers while driving financial resilience
Looking Ahead: Establishing our growth levers while driving financial resilience Establishing our growth levers Financial resilience 1. Intense product actions; CNGs and EVs to drive 1. Drive structural cost reductions growth while building strong brands - 5-6% cost reductions - Relative higher for
Slide 85: Profitable growth at scale
Profitable growth at scale Foundations set. Scaling with profit acceleration FY20 ACTUALS(2) FY26 ACTUALS FY29 MID TERM FY31 LONG TERM Pre Subsidiarzization With PLI Post PLI expiry Revenue ₹10.5K Cr ₹58.5K Cr ₹ 115KCr+ ₹ 140K Cr EBITDA margin -10.7% 6.9% 8% 10% (5.0% ex PLI) EBIT margin -27.4% 1.4%
Slide 86: TMPV Group: 5-Year Priorities and Outlook
TMPV GROUP: 5-YEAR PRIORITIES AND OUTLOOK BALAJE RAJAN DHIMAN GUPTA Group Chief Strategy Officer Chief Financial Officer JLR Tata Motors Passenger Vehicles Limited
Slide 87: We will transform into an integrated global auto major in next 5 years
We will transform into an integrated global auto major in next 5 years Mainstream brands centered in India, expansion to select global markets Global luxury brands with strong presence in advanced economies Underpinned by strong synergies Batteries Supplier Software & Digital Global Markets Strategi
Slide 88: Key priorities for TMPV Group over the next 5 years
Key priorities for TMPV Group over the next 5 years 1. Growth driven by products, market excellence 1. BEV excellence 2. Enabled by Customer Experience & Quality 2. Efficient ICE powertrains 3. Delivered by a stable, profitable network Technology 3. SDV & ADAS Double Digit Growth Upliftment 4. AI ad
Slide 89: Aspiration – Be amongst the top 5 value creating growth businesses
Aspiration – Be amongst the top 5 value creating growth businesses with strong moats $60B revenue; 10% EBIT; $5B PBT (1) FY20 ACTUALS (2) FY25 ACTUALS FY29 MID TERM FY31 LONG TERM Revenue ₹220.4K Cr ₹366.1K Cr ₹500K Cr+ ₹600K Cr+ Double digit growth EBIT margin -1.0% 7.7% 7% 10% PBT (bei) ₹ -6.8K Cr
Slide 90: Thank You
Tata Motors Passenger Vehicles — Investor Day (June 2026) on 6ix