Tata Motors

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA+ by 3 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 36% and profit rose 245% from a year earlier. (A year earlier it made a loss.)
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 43% of the company, about the same as in Dec 2025.
• ValuationCheap vs its pastThe share trades at 20.6 times its yearly earnings (P/E), cheaper than 99% of the time in the last 1 years. Its usual P/E is about 28.

Tata Motors against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)20.6 against a typical 23.4: cheaper than most peers (1st = cheapest).1st of 4
• Sales growth+36.3% against a typical +28.5% from a year earlier.2nd of 4
• Share price, 3 months−2.9% against a typical −5.6%.2nd of 4
• Size₹ 1,46,575 Cr. market value against a typical ₹ 46,382.1 Cr. (1st = largest).1st of 4

Exchange filings and their impact on the company.

• 27 Oct 2026Press ReleaseHigh impactPositivePrice +0.1% on 28 Oct
  Tata CV secured 89.4% of Iveco for EUR 3.43bn, making the takeover unconditional.

  Tata Motors' indirect unit TML CV Holdings B.V. received final acceptances for 238.2 million Iveco Group shares at EUR 14.40 per share, worth EUR 3.43 billion. That gives it 89.42% of Iveco net of treasury shares, so all offer conditions are met and the offer is now unconditional. Payment is on 30 October 2026, with a reopening for remaining shareholders on 2-6 November ahead of delisting steps.

  Full analysisFiling
• 27 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice +0.1% on 28 Oct
  Strong Q2 with 42% volume growth and share gains, but steel and rubber inflation to keep margins under pressure.

  Tata Motors (CV) reported a strong Q2 FY27 with wholesales of 135100 units up 42%, standalone revenue of Rs 23900 cr up 42% and PBT before exceptional of Rs 2660 cr up 51%, while EBITDA margin fell 90bps to 11.7% on steel and rubber inflation. Management said demand momentum continues into October, guiding high single to low double-digit industry growth in Q3, and flagged the 70000-unit Indonesia order being delivered at 4500-5000 units a month. Net cash rose to Rs 11300 cr on Rs 4600 cr quarterly free cash flow, with Iveco settlement expected on 30 October.

  Full analysisFiling
• 27 Oct 2026Press ReleaseLow impactPositivePrice +3.9% that day
  Amazon to deploy 3,000 Tata Ultra E.7 electric trucks, adding ~Rs 900 cr order and flagship EV-truck scale-up.

  Tata Motors and Amazon will deploy 3,000 Tata Ultra E.7 electric trucks across Amazon's India transport network, starting in Delhi during the festive season and expanding to the 2,800-km Delhi-Bengaluru-Chennai corridor. Tata Motors will supply the trucks, which will be owned and operated by Amazon's carrier partners, with charging hubs developed with Yahhvi. The deal is India's largest e-commerce electric-truck deployment and helps move electric trucking from pilots to large-scale adoption.

  Full analysisFiling
• 27 Oct 2026Press ReleaseHigh impactPositivePrice +3.9% that day
  Tata's EUR 3.43bn Iveco tender got 87.8% acceptances, clearing the threshold for takeover.

  Tata Motors' indirect unit TML CV Holdings B.V. said 238.16 million Iveco Group shares, about 87.81% of capital, were tendered in its voluntary offer at EUR 14.40 per share worth EUR 3.43 billion. Including treasury shares, it will hold 89.42%, clearing the reduced 80% threshold condition. Payment is on 30 October 2026, with a 5-day reopening on 2-6 November and payment on 13 November, paving the way for consolidation of Iveco.

  Full analysisFiling
• 23 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −3% on 26 Oct
  Q2 revenue up 36-42% with PAT up 244% and Rs 4,606 cr FCF, putting FY27 on track for ~18-20% revenue growth and double-digit profit growth.

  Tata Motors (Commercial Vehicles) reported strong Q2 FY27 results with standalone revenue of Rs 23,930 crore up 42% and consolidated revenue of Rs 25,338 crore up 36% on 135,100 wholesales up 42%. EBITDA was Rs 2,800 crore with margin at 11.7% standalone and 10.9% consolidated, while profit after tax was Rs 2,138 crore standalone and Rs 1,254 crore consolidated. Free cash flow of Rs 4,606 crore lifted net cash to Rs 11,300 crore standalone and Rs 15,900 crore consolidated, with domestic CV market share at 36.2% in H1.

  Full analysisFiling
• 9 Oct 2026Press ReleaseLow impactNegativePrice −1.4% on 12 Oct
  Tata CV raised its Iveco offer to Euro 14.40 best-and-final, adding Euro 81m to cost and signalling a slight delay.

  TML CV Holdings B.V., Tata Motors commercial vehicles arm, raised its voluntary tender offer for all 271.2 million Iveco Group shares to Euro 14.40 from Euro 14.10, a Euro 0.30 cash increase declared best and final. Full acceptance now costs up to Euro 3905.5 million, Euro 81.36 million more than before, to be funded by a new Euro 85 million MUFG Bank facility. The company said the hike compensates for a slight delay as prior authorisations in a few jurisdictions took longer than expected.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Girish Arun Wagh

Chief Executive Officer, Managing Director, Executive Director

G.V. Ramanan

Chief Financial Officer

Ranjan Kumar

Compliance Officer, Company Secretary