Tata Motors Passenger Vehicles Ltd — Q1FY27 earnings call summary

Filed 19 August 2026 · Official transcript

Multiple analyst queries on EV bookings, commodity inflation, and production ramp-up; management expects margin improvement in H2 FY27
JLR plans 4 BEV launches starting Sep 2026; FY27 EV volume ~12,000 units
India capex Rs. 1,300 Cr Q1; ramp-up expected; commodity inflation impact 4.5% Q1, 3% Q2
TMPV Q1 FY27 revenue Rs. 95,800 Cr; EBIT margin 2.4%; PBT Rs. 1,600 Cr, down y-y
India PV volumes +46% y-y; market share 14.3%, EV sales ~20% of total in Q1, 24% in July
India business revenue Rs. 18,000 Cr +65% y-y; EBITDA margin ~4% flat y-y
JLR Q1 wholesales down 10% y-y; EBIT margin 2.8%; PBT GBP 109 million; supply constraints and Middle East conflict impacted
Price hikes: 0.5% in Apr and Jul; further calibrated increases planned