Tata Motors Limited — Investor Meet, 14-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tata Motors Group's Q1 FY26 was challenging. Revenues hit 1,04,000 Cr (-2.5%), with PBT at 5,600 Cr. JLR's performance was impacted by US tariffs and currency shifts, reporting GBP 351M PBT. JLR targets 5-7% full-year EBIT, backed by a significant transformation program. The CV business maintained strong 12.2% EBITDA margins despite volume dips, foreseeing Q2 recovery. PV sales were soft from muted demand and model shifts, but EV bookings surged post Harrier.ev's blockbuster launch and a new lifetime battery warranty. Management is confident on ICE margin recovery and continued EV growth, with strategic interventions and new launches expected to drive a strong H2.