Mumbai, June 16, 2026, 18:45 (IST)
- Tata Motors Passenger Vehicles broke its domestic sales record in FY26 as SUV, EV and CNG demand stayed strong.
- Jaguar Land Rover weighed on consolidated results as a cyber issue, tariffs, and softer demand in China hit the unit.
- The company wants to grab 18–20% share of the domestic market and is chasing a double-digit EBITDA margin. Plans call for five new EV models in the lineup by FY30.
Tata Motors Passenger Vehicles is aiming for faster growth in FY27, coming off record India sales in FY26 and with Jaguar Land Rover problems still in play. The automaker pushed out 6.42 lakh cars and SUVs in FY26, up 15.3% from a year earlier, beating the market by a wide margin, but JLR kept having trouble. “We enter FY27 with confidence, supported by a robust pipeline of new launches and multi-powertrain offerings,” Chairman N Chandrasekaran said, according to Reuters.
Tata Motors’ domestic business led growth, with the PV revenue up 20.7% at Rs 58,465 crore for FY25, Moneycontrol reported. Profit before tax and exceptions rose 32.6% to Rs 1,436 crore, pushing market share to 13.6%. Tata Motors finished the year holding net cash of Rs 6,710 crore. MD and CEO Shailesh Chandra said a “consciously sharpened strategy” on launches and powertrain optimisation was behind the gains. Moneycontrol
Tata is keeping its multi-fuel strategy, launching SUVs, CNG cars and EVs rather than committing to a single path. The company’s EV sales rose 43.4% in FY26 to more than 92,000 units. Total EV sales have now topped 2.5 lakh. Tata holds 40.2% of India’s EV market and has led the segment for over seven years, The Economic Times reported. Reuters reported Tata Motors PV will invest Rs 330-350 billion from FY26 to FY30 in its passenger vehicles and EVs, aiming for an 18–20% domestic market share and a double-digit EBITDA margin. EBITDA stands for earnings before interest, tax, depreciation and amortisation. The Economic Times
Tata is still having trouble with JLR. The British luxury arm’s FY26 revenue dropped 20.9% to £22.91 billion after it missed five weeks of output because of a cyberattack and took hits from new US tariffs, soft China demand, higher marketing spend, and pricier commodities. JLR has also begun winding down older Jaguar cars. Tata Motors PV reported consolidated FY26 revenue of Rs 3,35,582 crore. Loss before tax from continuing operations, after exceptions, was Rs 1,600 crore. Consolidated net debt rose to Rs 30,700 crore, with most of the rise tied to weak free cash flow after JLR’s lost production. The Economic Times
Tata goes into next year in India with momentum from the Sierra launch, Nexon and Punch sales, plus gains in EV market share and its retail base. But over at JLR, the company still needs to prove it can offset tariffs and weak China demand with steady production, more cost cutting, and new models like the New Range Rover Electric and Jaguar Type 01. Tata said JLR aims to return breakeven volumes to around 3 lakh units in two years. The Economic Times
Tata Motors is doubling down on its brand play. Chairman Chandrasekaran said the company’s passenger vehicle arm and JLR will share more on manufacturing, tech and staff. He wants to build “distinctive, trusted and aspirational brands” that people want to buy. Tata is putting more attention on its passenger vehicle brand, but profit, EV spend and JLR’s pace of recovery are still priorities. The Economic Times
