Tata Motors Limited has informed the Exchange about Transcript

Tata Motors reported Q1 FY26 revenue of Rs. 104,000 crores, down 2.5%, with wholesales falling 9.1% to 300,000 units; EBITDA margin contracted 480 bps to 9.2% and EBIT margin fell 370 bps. JLR was the biggest drag, with PBT halving to GBP 351 million as it absorbed 27.5% US tariffs on UK and Europe-built cars for the full quarter (impact of ~4% EBIT), though revenue per car hit a joint record of GBP 76,000 and Moody's upgraded JLR to Ba1 investment grade. Commercial vehicles stayed strong with EBITDA at 12.2%, EBIT at 9.7%, and Vahan market share rising 50 bps to 36.1%. Passenger vehicles (PV) was weak, with 10% volume decline and market share down 60 bps, partly due to model transitions; however, Harrier.ev received 10,000 day-one bookings, EV market share rebounded to 40% in July, and the company confirmed the demerger effective date as October 1, 2025. Management maintained JLR's full-year 5-7% EBIT guidance and guided for 3-4% ICE margin recovery in the PV business over the next few quarters.