Tata Motors Passenger Vehicles Ltd

Quick check

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

• DebtHigh safetyRated AA+ by 3 agencies.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 9.3% and profit fell 79% from a year earlier.
• 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 Jun 2025.
• ValuationCheap vs its pastThe share trades at 1.5 times its yearly earnings (P/E), cheaper than 97% of the time in the last 5 years. Its usual P/E is about 6.

Tata Motors Passenger Vehicles Ltd 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)1.5 against a typical 28.9: cheaper than most peers (1st = cheapest).1st of 8
• Sales growth+9.3% against a typical +27.8% from a year earlier.5th of 7
• Profit growth−78.5% against a typical −2.6% from a year earlier.7th of 8
• Share price, 3 months−20.1% against a typical −11.5%.7th of 8

Exchange filings and their impact on the company.

• 12 Oct 2026Press ReleaseLow impactPositivePrice +0.5% on 13 Oct
  TMPV to license its vehicle architecture to Stellantis for products across 50+ markets to be made in India.

  Tata Motors Passenger Vehicles signed a definitive agreement with Stellantis to provide access to its advanced product technology and vehicle architecture. Stellantis will develop vehicles on it in India for more than 50 global markets, to be manufactured at the 50:50 Ranjangaon JV Fiat India Automobiles. The deal builds on a February 2026 MoU and validates TMPV's technology, supporting future licensing income and export-led volumes with limited impact in the next 12 months.

  Full analysisFiling
• 6 Oct 2026General UpdatesHigh impactVery positivePrice −1% that day
  Q2 volumes surged 41% to 1.98 lakh units led by Nexon/Punch and Curvv/Sierra, pointing to strong revenue growth.

  Tata Motors Passenger Vehicles reported SIAM volumes for July-September 2026 with domestic sales of 197,674 units versus 140,189 a year ago, up 41%, and production of 202,253 units versus 140,903, up 44%. Growth was led by Nexon and Punch at 119,324 units and Curvv and Sierra jumping to 25,365 units from 5,274. Exports rose to 5,049 units. The strong volume and richer SUV mix support higher revenue and margins over the next 12 months.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Rajendra Petkar

President, Chief Technology Officer

Rajesh Kannan

President and Chief Digital and Information Officer

Shailesh Chandra

Chief Executive Officer, Managing Director, Additional Director, Managing Director of TMPVL and TPEML

Dhiman Gupta

Chief Financial Officer

Sitaram Kandi

Chief Human Resources Officer

Maloy Kumar Gupta

Company Secretary & Chief Legal Officer