Tata Motors Passenger Vehicles Ltd. (TMPV) has today announced its financial results for Q4 FY26

2026-07-10 10:53:35 Business

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Mumbai, May 14, 2026: Tata Motors Passenger Vehicles Ltd. (TMPVL) announced its results for quarter and year
ending March 31, 2026.

Financial Highlights
• Q4 FY26 revenue at ₹18.7K Cr (+49%), EBITDA Margin 9.4% (+150 bps), EBIT Margin 4.7% (+310bps), PBT (bei) ₹ 1.1K Cr
• FY26 revenue at ₹ 58.5K Cr (+20.7%), EBITDA Margin 6.9% (flat yoy), EBIT Margin 1.4% (+50 bps), PBT (bei) ₹ 1.4K Cr
• Domestic PV + EV business reported FCF of ₹1.7K Cr in Q4 FY26
• Closing Cash balance for domestic business at ₹9.6K Cr with gross debt of ₹2.9K Cr, resulting in Net Cash of ₹6.7K Cr

Business Highlights
• Vahan market share grew to 14.2% in Q4 FY26, secured #2 position in H2 FY26
• Overall Vahan market share at 13.6%; EV Vahan market share steady at 40.2% in FY26
• Alternative powertrains mix continues to be healthy. EV penetration at 14%, CNG at 27% in FY26
• Tata.ev surpassed 250,000 cumulative EV sales, reaffirming leadership in India’s Electric Mobility charge
• New Manufacturing facility in Panapakkam to support long-term growth aspirations.
• Nexon and Punch emerged as #1 and #3 selling PV models in H2, underscoring the strength of our SUV portfolio
• A year of Intense product actions

o Launched all new SIERRA, retaining its legendary heritage and distinctive DNA while embracing modernity
o Introduced Harrier and Safari in petrol powertrains, with all new all-new 1.5L HYPERION Turbo-GDi engine
o Launched New Tata Punch, enhancing desirability of the popular nameplate
o Expanded our EV portfolio with Harrier.ev launch, India’s most capable SUV
o Rolled out New Punch.ev, accelerating mainstream EV adoption by addressing barriers to adoption
o Re-entered South Africa market with Bold, Future-Ready Range of Passenger Vehicles

In Q4 FY26, PV and EV volumes were 201.8K units (+37% YoY), with quarterly revenues of ₹18.7K Cr (+49% yoy), EBITDA and
EBIT margins of 9.4% (+150 bps yoy) and 4.7% (+310 bps yoy), respectively, driven by favourable volumes, mix and operating

leverage, despite a challenging pricing and cost environment. In FY26, the business achieved revenues of ₹58.5 K Cr (+21% YoY),
while EBITDA and EBIT margins remaining steady at 6.9% (flat yoy) and 1.4% (+50 bps yoy) as adverse pricing and commodities
offset the favourable impact of volumes and mix.

Looking ahead

Looking ahead, domestic demand continues to sustain, led by growth in SUVs, CNG and EV. However, geopolitical developments
remain a key monitorable to mitigate potential supply-side and commodity price risks. We will ramp up production to meet demand. We expect to build on the strong momentum of H2 and continue to deliver profitable and industry-beating growth in FY27, supported by a robust demand pipeline, planned pipeline of new products, and established multi-powertrain strategy.

Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles Limited said: “FY26 has been a landmark year for the Company, marked by multiple defining milestones. We achieved our highest ever annual sales of over 6.4 lakh units, delivering industry beating growth of 15% YoY and emerging as the #2 ranked player in H2 FY26. In
electric vehicles, we further reinforced our leadership position with a sustained focus on strengthening the overall value proposition of our vehicles and holistically addressing adoption barriers, accelerating the journey towards EVs becoming a
mainstream choice for customers. This resulted in robust 43% year on year growth and our highest ever annual EV volumes of over 92,000. Q4 FY26 was an outstanding quarter, in which we registered 37% year on year growth to record our highest ever quarterly sales of over 200,000 units. During the quarter, we delivered c.30,000 units of the Sierra and launched the new versions of the popular Punch and Punch.ev, to strong customer acclaim. This consistent growth has helped us drive sequential margin improvement throughout the year. Going ahead, we will continue to build on this strong momentum, deliver industry beating growth and enhance profitability through focused actions, while closely monitoring geopolitical developments to mitigate
supply-side risks.”