Tata Motors Passenger Vehicles Limited

rs,

BSE Limited First Floor, New Trading Ring Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai 400 001 National Stock Exchange of India Ltd. Exchange Plaza, C-1, Blo

, MT

, 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.

6.3%

Financial Services, and Defence. Transaction perimeter : €14.1B in revenue; €891M adjusted EBIT (6.3% margin) in CY24; Defence excluded. Acquisition of 100% of Iveco Group N.V. (excluding Defence) sh

100%

: €14.1B in revenue; €891M adjusted EBIT (6.3% margin) in CY24; Defence excluded. Acquisition of 100% of Iveco Group N.V. (excluding Defence) shares via Voluntary Tender Offer to all public sharehold

3.8 billion

lement of the Voluntary Tender Offer Price offered €14.1/share, implying a total equity value of €3.8 billion (excluding Defence) Funding of € 3.8 B secured through Bridge financing facility (Facility) commi

₹104.4

Transaction is expected to close by Apr’26 post receiving all regulatory approvals 4 Q1: Revenue ₹104.4K Cr, EBITDA 9.2%, PBT(bei) ₹5.6K Cr Profitability primarily impacted by US tariffs Q 1 F Y 2 6 | C

9.2%

cted to close by Apr’26 post receiving all regulatory approvals 4 Q1: Revenue ₹104.4K Cr, EBITDA 9.2%, PBT(bei) ₹5.6K Cr Profitability primarily impacted by US tariffs Q 1 F Y 2 6 | C o n s o l i d a

₹5.6

y Apr’26 post receiving all regulatory approvals 4 Q1: Revenue ₹104.4K Cr, EBITDA 9.2%, PBT(bei) ₹5.6K Cr Profitability primarily impacted by US tariffs Q 1 F Y 2 6 | C o n s o l i d a t e d | IndAS,

2.5%

5 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 (12.3) Q1 FY26 5 Revenues down 2.5%, Net Auto Debt at ₹13.5K Cr Adverse working capital in Q1 on account of seasonality Q 1 F Y 2 6 |

₹13.5

FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 (12.3) Q1 FY26 5 Revenues down 2.5%, Net Auto Debt at ₹13.5K Cr Adverse working capital in Q1 on account of seasonality Q 1 F Y 2 6 | C o n s o l i d a t e d

8.0%

4.4 8,849 5,617 2.5% decrease Q1 FY25 Volume & Mix Price Translation Others Q1 FY26 EBIT% 8.0% (3.4)% 0.1% (0.3)% (0.1)% 4.3% Net Auto Debt ₹K Cr Ext. Debt Lease 43.7 8.4 35.3 FY23

0.1%

617 2.5% decrease Q1 FY25 Volume & Mix Price Translation Others Q1 FY26 EBIT% 8.0% (3.4)% 0.1% (0.3)% (0.1)% 4.3% Net Auto Debt ₹K Cr Ext. Debt Lease 43.7 8.4 35.3 FY23 16.0 8.7 7.3

“• 43 EV buses registered in Q1 FY26; total ~3700 EV Buses registered till date”

“• currently operating 8,700+ vehicles across Indian roads AcePro EV launched – India’s most affordable 4W electric truck, offering better TCO than 3W EVs PLI certification received for AcePro EV • • • Sustainability targets on track • FY26, In Q1 improved marginally by 0.7% YoY.”

“• The ILMCV segment witnessed volume growth, driven by strong MCV performance in Q1 FY26 • SCVPU volumes have stabilized albeit at lower level.”

“Expected to grow from here with the introduction of Ace Pro • Passenger Carrier volumes grew 11.8% YoY in Q1 FY26, with performance influenced by segment salience and tender-driven business dynamics.”

“exports ) (K units) YoY (2.1) % VAHAN registration market share(1) Charging Network* 21,742 23,632 16.6 15.9 16.2 67.4% 43.3% 36.7% 40% 10,065 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Jul'25 FY24 FY25 Q1FY26 (1)VAHAN registration market share is based on VAHAN portal (powered by National Informatics Centre).”

Expenses

2

E Buses

1

Ace EV

1

Ace EV

• currently operating 8,700+ vehicles across Indian roads AcePro EV launched – India’s most affordable 4W electric truck, offering better TCO than 3W EVs PLI certification received for AcePro EV • • • Sustainability targets on track • FY26, In Q1 improved marginally by 0.7% YoY. TIV in HCV and SCVPU dropped whereas ILMCV and CVP grew YoY volumes industry • Trucks portfolio AC, complemented by the launch of higher power-to- weight ratio variants transitioned to • • • HCV volumes declined primarily due to regional demand shifts and early onset of monsoons. • The ILMCV segment witnessed volume growth, driven by strong MCV performance in Q1 FY26 • SCVPU volumes have stabilized albeit at lower level. Expected to grow from here with the introduction of Ace Pro • Passenger Carrier volumes grew 11.8% YoY in Q1 FY26, with performance influenced by segment salience and tender-driven business dynamics. shifts • Deployment completed in J&K, Bengaluru and Delhi. • TML e-bus fleet cumulatively cross

Expenses

Cost of materials consumed Employee benefit expenses Other expenses (net) Product development and engineering expenses Exchange gain / loss (realized) EBITDA Depreciation and amortization Profit / loss from equity accounted investees & deferral income EBIT Other income ( excl. grant income) Finance cost Unrealized FX, Unrealized commodities PBT (bei) PBT PAT EBITDA Margin EBIT Margin * Others include segment and income / expenses not specifically allocable to any other segments Quarter ended June 30, 2025 Tata Commercial Vehicles Tata Passenger Vehicles 17,009 90 (11,360) (1,219) (2,273) (176) 2 2,074 (424) - 1,650 101 (111) 17 1,657 1,646 1,617 12.2% 9.7% 10,877 126 (8,681) (594) (1,047) (246) (1) 434 (738) - (304) 164 (27) 38 (129) (129) (87) 4.0% -2.8% JLR 75,952 574 (46,834) (9,780) (9,954) (2,213) (631) 7,114 (4,086) 74 3,102 313 (465) 1,117 4,067 4,022 3,566 9.4% 4.1% Rs Cr. IndAS Others* Consolidated 569 - 104,407 790 (15) (898) 261 119 0 36 (72) 66 30 143 (334) 184 23 22 (1,093

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 & deferral income EBIT Other income ( excl. grant income) Finance cost Unrealized FX, Unrealized commodities PBT (bei) PBT PAT EBITDA Margin EBIT Margin * Others include segment and income / expenses not specifically allocable to any other segments JLR 76,899 648 (44,492) (9,013) (9,449) (2,412) (15) 12,166 (5,383) 68 6,851 465 (909) 932 7,339 7,421 5,288 15.8% 8.9% Quarter ended June 30, 2024 Tata Commercial Vehicles Tata Passenger Vehicles Rs Cr. IndAS Others* Consolidated 17,849 49 (12,122) (1,194) (2,275) (228) (3) 2,077 (487) - 1,590 82 (162) 25 1,535 1,500 1,445 11.6% 8.9% 11,847 45 (9,287) (561) (1,138) (220) (3) 683 (651) - 32 164 (45) 22 173 173 84 5.8% 0.3% 507 - (11) (889) 397 101 1 106 (44) 61 123 57 (355) (20) (195) 4,775 3,770 NA NA 107,102 742 (65