Tata Motors PV hits record 6.4 lakh units in FY26; JLR cyber hit drags group revenue 8.3%
Tata Motors' domestic passenger vehicle arm posted FY26 revenue of ₹58,465 cr (+20.7%) on record 6.4 lakh unit sales and 43% EV volume growth to 92,000 units, lifting market share to 13.6%. Group revenue fell 8.3% to ₹3.35 lakh cr as JLR slumped 20.9% on cyber incident (₹2,786 cr cost), US tariffs and China weakness. Stock closed ₹338.75, +0.56%.
What happened
Tata Motors Passenger Vehicles · Tata Motors PV reported Q4 FY26 revenue up 7.2% to ₹1.05 lakh cr, but FY26 revenue fell 8.3% as JLR slumped on cyber incident,
Key facts
- Q4 revenue ₹1,05,447 cr +7.2% YoY
- FY26 revenue ₹3,35,582 cr -8.3%
- EBITDA margin 6.8% (-660bps)
- loss before tax ₹1,623 cr
- cyber costs ₹2,786 cr
- Tata PV FY26 revenue ₹58,465 cr +20.7%
- PV sales 6.4 lakh units
- EV volumes 92,000 +43%
- market share 13.6%
- dividend ₹3/share
- JLR revenue £22.9bn -20.9%
- JLR FCF -£2.2bn
- stock ₹338.75 +0.56%
Why this matters
A standout FY26 for Tata PV strengthens the case for the demerger thesis—separating a high-growth India EV leader from a cyclical, geopolitically-exposed JLR could unlock material re-rating optionality.