Tata Motors Limited — PPTs, 29-01-2025: Investor Presentation

**Financial Highlights:** Tata Motors Group reported consolidated revenue of ₹113,575 Cr for the quarter ended December 31, 2024, marking a significant increase of 2.8% year-on-year. The EBITDA for the quarter stood at ₹15,521 Cr with a margin of 13.7%, while profit before tax (PBT) was ₹7,700 Cr, reflecting a solid performance against a backdrop of challenging market conditions. Year-to-date (YTD), the company achieved a PBT (bei) of ₹22,300 Cr.

**Strategic Initiatives and Growth Drivers:** The company continues to focus on operational separation as part of its demerger strategy, expecting closure by March 2025. Furthermore, Tata Motors has received a ₹401 Cr Production Linked Incentive (PLI) claim for FY24 and accrued income of ₹209 Cr for FY25, positively impacting EBITDA margins.

**Business Developments:** Tata Commercial Vehicles recorded a YTD PBT (bei) of ₹4,600 Cr despite a revenue drop in Q3 to ₹18,431 Cr. Sales volumes remained approximately flat year-on-year due to market challenges, although overall margins improved to 12.4%, aided by cost-saving measures and incentives.

**Market Position and Competitive Advantage:** Tata Motors maintained a robust presence in the EV segment, achieving record sales volumes and leading market share in passenger electric vehicles. The brand'spowertrain mix is evolving, with significant penetration in CNG and electric models.

**Investor Implications:** The company's commitment to driving operational efficiencies and leveraging government incentives suggests a positive outlook. The ongoing structural changes may yield enhanced profitability and further growth in share value, making it an attractive option to watch closely for investors.