Tata PV reported revenues of ₹12.4K crore, down 4.3% YoY, while EBITDA margins improved to 7.8% (up 120 bps). EBIT stood at 1.7%, while PBT (bei) was ₹0.3K crore.
Key highlights:
- EV market share at 61% in YTD FY25.
- Over 2 lakh Tata EVs have covered 5 billion kilometers, reducing 7 lakh tonnes of CO₂ emissions.
- The company introduced the 2025 Tiago, Tiago.ev, and Tigor with new designs and technology.
Shailesh Chandra, Managing Director of Tata Motors PV, highlighted the company’s aggressive push toward electrification with new product launches and expanded market reach.
Outlook for Q4 FY25
Tata Motors remains optimistic about Q4 FY25, expecting further improvements in demand, especially in the CV and PV segments. The company continues to focus on cost efficiency, new launches, and expansion in electric vehicles.
PB Balaji, CFO of Tata Motors, stated:
“Despite external challenges, we are confident of delivering another strong performance this year.”
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