Tata Motors Passenger Vehicles Limited

rs,

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai 400 001 National Stock Exchange of India Ltd. Exchange Plaza, C-1, Bl

, 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.

6.4 lakh

he capital employed (YoY). 2 FY26 –TMPV Key highlights Highest ever annual volumes of > 6.4 lakh; #2 based on Vahan registrations in H2 Strong demand for Sierra New Tata Punch launched; Harrier

6 Lakh

trains Harrier.ev unleashes a Bold New League of SUVs Punch becomes India’s fastest SUV to cross 6 Lakh milestone in under 4 years Re-entered South Africa market with Bold, Future-Ready Range of Passen

₹105.4

ry built Freelander design concept revealed Large-scale solar installations rolled out Q4:Revenue ₹105.4K Cr, EBITDA ₹13.9K Cr, FCF ₹11.4K Cr Resilient performance to end a challenging year F Y 2 6 | C o

₹13.9

design concept revealed Large-scale solar installations rolled out Q4:Revenue ₹105.4K Cr, EBITDA ₹13.9K Cr, FCF ₹11.4K Cr Resilient performance to end a challenging year F Y 2 6 | C o n s o l i d a t e

₹11.4

revealed Large-scale solar installations rolled out Q4:Revenue ₹105.4K Cr, EBITDA ₹13.9K Cr, FCF ₹11.4K Cr Resilient performance to end a challenging year F Y 2 6 | C o n s o l i d a t e d | IndAS, ₹ K

15.0%

s o l i d a t e d | IndAS, ₹ K C r Global wholesales (K units) 212.0 210.7 229.7 297.1 258.4 15.0% 949.5 957.3 (0.8)% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Y-o-Y FY26 FY25 Y-o-Y Reven

7.2%

FY26 Q3 FY26 Q4 FY26 Q4 FY25 Y-o-Y FY26 FY25 Y-o-Y Revenue 87.7 72.3 70.1 105.4 98.4 7.2% 335.6 366.1 (8.3)% EBITDA (%) 8.7% (0.1%) 2.2% 13.1% 14.4% (130) Bps 6.8% 13.4% (660)

8.7%

FY26 FY25 Y-o-Y Revenue 87.7 72.3 70.1 105.4 98.4 7.2% 335.6 366.1 (8.3)% EBITDA (%) 8.7% (0.1%) 2.2% 13.1% 14.4% (130) Bps 6.8% 13.4% (660) bps EBIT (%) PBT (bei)(1) 3.3% (6.8%

0.1%

FY25 Y-o-Y Revenue 87.7 72.3 70.1 105.4 98.4 7.2% 335.6 366.1 (8.3)% EBITDA (%) 8.7% (0.1%) 2.2% 13.1% 14.4% (130) Bps 6.8% 13.4% (660) bps EBIT (%) PBT (bei)(1) 3.3% (6.8%) (4.7

2.2%

-o-Y Revenue 87.7 72.3 70.1 105.4 98.4 7.2% 335.6 366.1 (8.3)% EBITDA (%) 8.7% (0.1%) 2.2% 13.1% 14.4% (130) Bps 6.8% 13.4% (660) bps EBIT (%) PBT (bei)(1) 3.3% (6.8%) (4.7%) 8.4

Expenses

4

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) EBITDA Margin EBIT Margin * Others comprise of IT Services (TTL) and income / expenses not specifically allocable to any other segments JLR 85,625 527 (51,032) (10,394) (10,641) (2,414) 179 11,850 (4,072) 10 7,788 253 (599) (1,781) 5,661 13.8% 9.1% Tata Passenger Vehicles 18,742 536 (15,276) (715) (1,286) (236) 6 1,770 (887) - 883 107 138 (26) 1,102 9.4% 4.7% Others* Consolidated 1,080 8 (270) (789) 190 13 (2) 231 (133) 132 230 196 (122) 100 404 NA NA 105,447 1,071 (66,578) (11,898) (11,737) (2,637) 183 13,851 (5,092) 142 8,901 556 (583) (1,707) 7,167 13.1% 8.4% 36 Tata Motors Passenger Vehicles Group Financials Consolidated Quarter ended M

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) EBITDA Margin EBIT Margin * Others comprise of IT Services (TTL) and income / expenses not specifically allocable to any other segments JLR 84,958 527 (49,506) (10,045) (10,924) (1,918) (135) 12,957 (3,901) (16) 9,040 301 (652) 942 9,631 15.3% 10.6% Tata Passenger Vehicles 12,549 252 (10,024) (567) (816) (400) (2) 992 (788) - 204 173 (4) 19 392 7.9% 1.6% Others* Consolidated 870 3 (204) (655) 226 (35) 1 206 (28) 68 246 39 (152) 42 175 NA NA 98,377 782 (59,734) (11,267) (11,514) (2,353) (136) 14,155 (4,717) 52 9,490 513 (808) 1,003 10,198 14.4% 9.6% 37 Tata Motors Passenger Vehicles Group Financials Consolidated Revenue from operations Grant

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) EBITDA Margin EBIT Margin * Others comprise of IT Services (TTL) and income / expenses not specifically allocable to any other segments JLR 273,303 2,295 (165,718) (39,647) (40,976) (11,025) 89 18,321 (16,316) 178 2,183 1,085 (2,093) (867) 308 6.7% 0.8% Year ended March 31, 2026 Rs Cr. IndAS Tata Passenger Vehicles 58,465 1,276 (47,401) (2,648) (4,757) (885) 11 4,061 (3,263) - 798 529 41 68 1,436 6.9% 1.4% Others* Consolidated 3,814 32 (964) (2,855) 459 47 (5) 529 (205) 300 624 539 (597) 209 775 NA NA 335,582 3,603 (214,082) (45,150) (45,274) (11,863) 95 22,911 (19,784) 478 3,605 2,153 (2,649) (590) 2,519 6.8% 1.1% 38 Tata Motors Passenger

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) EBITDA Margin EBIT Margin * Others comprise of IT Services (TTL) and income / expenses not specifically allocable to any other segments JLR 314,220 2,438 (181,919) (37,215) (43,089) (9,376) (103) 44,956 (18,105) (28) 26,823 1,455 (3,087) 1,877 27,068 14.3% 8.5% Tata Passenger Vehicles 48,451 644 (38,613) (2,275) (3,864) (981) (5) 3,357 (2,899) - 458 671 (67) 21 1,083 6.9% 0.9% Others* Consolidated 3,423 4 (900) (2,620) 860 39 4 810 (98) 183 895 205 (665) 64 499 NA NA 366,094 3,086 (221,432) (42,110) (46,093) (10,318) (104) 49,123 (21,102) 155 28,176 2,331 (3,819) 1,962 28,650 13.4% 7.7% 39 Tata Motors Group Financials Jaguar Land Rover Tata