Tata Motors Limited

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BSE Limited First Floor, New Trading Ring Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai 400 001 Listing Compliance Department National Stock Exchange of India

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e revaluation of foreign currency debt, revaluation of foreign currency other assets and liabilities, MTM on FX and commodity hedges, other income (except government grant) as well as exceptional items.

₹ 105.1

lab JLR order book remains strong: 168k units $400m of bonds bought back in October Q2: Revenue ₹ 105.1KCr, EBITDA 13.7%, PBT(bei) ₹ 6.1KCr Business continues its profitable, cash accretive growth moment

13.7%

remains strong: 168k units $400m of bonds bought back in October Q2: Revenue ₹ 105.1KCr, EBITDA 13.7%, PBT(bei) ₹ 6.1KCr Business continues its profitable, cash accretive growth momentum Q 2 F Y 2 4 |

₹ 6.1

168k units $400m of bonds bought back in October Q2: Revenue ₹ 105.1KCr, EBITDA 13.7%, PBT(bei) ₹ 6.1KCr Business continues its profitable, cash accretive growth momentum Q 2 F Y 2 4 | C o n s o l i d

32.1 %

2 4 | C o n s o l i d a t e d | IndAS, ₹ K C r 4 2 Y F 2 Q 4 2 Y F 1 H Revenue ₹KCr YoY 32.1 % EBIT % YoY + 510 bps PBT (bei) ₹KCr YoY + 7.9KCr FCF(Auto) ₹KCr YoY + 2.9KCr 102.2 10

510 bps

t e d | IndAS, ₹ K C r 4 2 Y F 2 Q 4 2 Y F 1 H Revenue ₹KCr YoY 32.1 % EBIT % YoY + 510 bps PBT (bei) ₹KCr YoY + 7.9KCr FCF(Auto) ₹KCr YoY + 2.9KCr 102.2 105.1 79.6 8.1 7.5 5.3

7 %

Q2 Q1 Q2 FY23 FY24 FY24 W h o l e s a l e s ( K u n i t s ) 3 2 2 . 2 3 2 1 . 2 3 4 2 . 5 9 . 7 % E B I T D A % 1 4 . 4 % 1 3 . 7 % N e t a u t o d e b t ( ₹ K C r ) 4 1 . 7 5 9 . 9 3 8 . 7 Y

4 %

W h o l e s a l e s ( K u n i t s ) 3 2 2 . 2 3 2 1 . 2 3 4 2 . 5 9 . 7 % E B I T D A % 1 4 . 4 % 1 3 . 7 % N e t a u t o d e b t ( ₹ K C r ) 4 1 . 7 5 9 . 9 3 8 . 7 YoY 36.8% 207.4 151.6

36.8%

B I T D A % 1 4 . 4 % 1 3 . 7 % N e t a u t o d e b t ( ₹ K C r ) 4 1 . 7 5 9 . 9 3 8 . 7 YoY 36.8% 207.4 151.6 YoY + 680 bps YoY + 18.2KCr 11.4 7.8 YoY + 15.2KCr 6.4 1.0 -6.7 -8.8

680 bps

7 % N e t a u t o d e b t ( ₹ K C r ) 4 1 . 7 5 9 . 9 3 8 . 7 YoY 36.8% 207.4 151.6 YoY + 680 bps YoY + 18.2KCr 11.4 7.8 YoY + 15.2KCr 6.4 1.0 -6.7 -8.8 H1 H1 H1 FY23 FY24 FY23 H1

6 %

4 H1 H1 FY23 FY24 W h o l e s a l e s ( K u n i t s ) 6 2 7 . 1 6 6 4 . 8 E B I T D A % 8 . 6 % 1 4 . 0 % N e t a u t o d e b t ( ₹ K C r ) 5 9 . 9 3 8 . 7 4 EBIT 7.5%; Net Auto Debt r

Expenses

2

Partnership benefits for TPEM

1

Partnership benefits for TPEM

• Accelerates the entry into the high end EV segment • • • reduces development costs and cycle time accelerates adoption of advanced ACES technologies delivers a globally competitive product The partnership will also enable sharing of other engineering and sustainability innovation to maximise benefits from technology investment across the Tata businesses 8 JAGUAR LAND ROVER AUTOMOTIVE PLC Results for the quarter ended September 30, 2023 R I C H A R D M O LY N E U X Chief Financial Officer 9 Q2 Revenue £6.9b, EBIT 7.3%, PBT(bei) £442m Strong Q2 & H1 performance compared to prior year with all H1 metrics significantly higher Q 2 F Y 2 4 | J a g u a r L a n d R o v e r | I F R S , £ m Revenue £m YoY 30.4 % EBIT % YoY +630 bps 6,903 6,857 5,260 8.6 7.3 PBT (bei)1 ₹£m YoY +0.6 b 435 442 FCF ₹£m YoY + 0.3 b 451 300 1.0 -173 -15 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1FY24 Q2FY24 W h o l e s a l e s ( K u n i t s ) 9 3 . 3 7 5 . 3 9 6 . 8 1 0 . 6 2 E

Expenses

Cost of materials consumed Employee benefit expenses Other expenses Product development and engineering expenses Exchange gain / loss (realized) EBITDA Depreciation and amortization Profit / loss from equity accounted investees EBIT Other income ( excl. grant income) Finance cost Unrealized FX, Unrealized commodities PBT (bei) (Incl share of JV and Associates) EBITDA Margin EBIT Margin JLR 71,787 673 (43,377) (7,521) (8,859) (2,193) 260 10,769 (5,503) (22) 5,244 448 (1,306) 234 4,621 15.0% 7.3% * Others include vehicle financing, other segment and income / expenses not specifically allocable to any other segments Quarter ended September 30, 2023 Rs Cr. IndAS Tata Commercial Vehicles 20,087 68 Tata Passenger Vehicles 12,174 71 Others* Consolidated 1,081 12 105,128 824 (14,145) (1,146) (2,548) (225) 4 2,094 (512) - 1,582 54 (150) 40 1,526 10.4% 7.9% (9,873) (504) (852) (233) 8 790 (573) - 217 164 (113) 29 296 6.5% 1.8% 486 (928) (25) 101 42 770 (48) 71 793 142 (1,132) (87) (284) (66,909)

Expenses

Cost of materials consumed Employee benefit expenses Other expenses Product development and engineering expenses Exchange gain / loss (realized) EBITDA Depreciation and amortization Profit / loss from equity accounted investees EBIT Other income ( excl. grant income) Finance cost Unrealized FX, Unrealized commodities PBT (bei) (Incl share of JV and Associates) EBITDA Margin EBIT Margin * Others include vehicle financing, other segment and income / expenses not specifically allocable to any other segments Quarter ended September 30, 2022 Rs Cr. IndAS JLR 49,477 471 (30,004) (5,678) (7,341) (2,236) 870 5,559 (4,779) 60 840 185 (1,157) (1,475) (1,607) 11.2% 1.7% Tata Commercial Vehicles 16,420 72 Tata Passenger Vehicles 12,547 101 (12,545) (1,033) (1,879) (200) (19) 816 (444) - 372 36 (120) 4 292 5.0% 2.3% (10,785) (422) (612) (105) (43) 680 (631) - 49 168 (56) 6 167 5.4% 0.4% Others* Consolidated 1,166 2 739 (764) (529) 20 49 682 (44) 46 685 4 (1,154) (55) (520) NA NA 79,611 646 (52,595)