Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) announced its financial results for the third quarter and nine months ended December 31, 2025. The company submitted an investor presentation detailing these results. For the consolidated results as per IndAS, total revenue for Q3 FY26 stood at ₹70.1K Crore, with an EBITDA margin of 2.2% and a Profit Before Tax (PBT) before exceptional items of ₹(3.1)K Crore. Wholesale volumes were 230.1K units, an increase of 13.4% year-on-year, while EBITDA margin was 3.9%. Net debt was ₹39.4K Crore. Jaguar Land Rover (JLR) reported revenue of £4.5 billion for Q3 FY26, with an EBIT margin of (6.8)%. Wholesale volumes were 59.1k units, a decrease of 43.4% year-on-year. Loss before tax and exceptional items was £310 million, impacted significantly by a cyber incident and planned wind-down of legacy Jaguar models. JLR has reaffirmed its guidance for FY26, with EBIT in the range of 0% to 2% and a projected negative free cash flow of £2.2bn to £2.5bn. The Tata Passenger Vehicles (TPV) India business reported revenue of ₹15.3K Crore for Q3 FY26, with an EBITDA margin of 7.0% and PBT (bei) of ₹0.3K Crore. Wholesale volumes were 170.5K units, a 24.0% increase year-on-year. The company highlighted its #2 position in India based on Vahan market share at 13.8% and strong performance in Electric Vehicles (EVs), with an exit market share of 46% in December 2025. Key product launches and focus areas for Q4 FY26 and FY27 include the launch of the new Sierra, new Punch facelift, and petrol variants of Harrier and Safari. The company also aims to ramp up production for Sierra to meet strong demand and enhance profitability through operating leverage and cost reductions.
