Tata Motors to announce Q4 results today; 7 things you need to know

The earnings and commentary will be keenly eyed after its peer, Mahindra & Mahindra, reported a good set of numbers for the March quarter. Management commentary on JLR sales and outlook will be significant.

EBITDA and EBITDA margin are likely to be lower amid weaker performance by the JLR business. Higher interest costs, forex losses, and a drop in volumes are also expected to impact profitability.

Tata Motors stock has seen a notable rise in the past few sessions. Publicly available data show that the shares of the company have rallied nearly 10% in the past five sessions (from May 6 to May 12 closing).

Recent key developments

The company on May 6 said that 99.99% of its eligible voters voted in favour of the composite scheme of arrangement between Tata Motors Limited, TML Commercial Vehicles Limited, and Tata Motors Passenger Vehicles Limited and their respective shareholders.

On August 1, 2024, Tata Motors (TML), in its press release, said that its board had approved a composite scheme of arrangement amongst TML, TML Commercial Vehicles Limited (TMLCV), Tata Motors Passenger Vehicles Limited (TMPV) and their respective shareholders under Sections 230-232 and other applicable provisions of the Companies Act, 2013 (“Scheme”).

As a part of the scheme, Tata Motors will demerge its commercial vehicle undertaking involving the commercial vehicle business (all the assets, liabilities, and employees relating to the commercial vehicle business) and all its related investments into TMLCV.

Tata Motors April 2025 sales

Tata Motors on Thursday, May 1, reported an annual decline of 7% in domestic sales in the month of April. Its sales in the domestic and international markets for April 2025 stood at 72,753 units, compared to 77,521 units during April 2024.

Its total domestic sales fell 7% to 70,963 units as against 76,399 units same month last year.

Domestic sales of Medium and Heavy & Intermediate Commercial Vehicles (MH&ICV) in April 2025, including trucks and buses, stood at 12,093 units, compared to 12,722 units in April 2024.

Total sales for MH&ICV domestic and international business in April 2025, including trucks and buses, stood at 12,760 units compared to 13,218 units in April 2024.

Tata Motors' fundraising plan

On May 2, Tata Motors said its board has approved the issuance of non-convertible debentures (NCDs) aggregating up to ₹500 crore on a private placement basis to eligible investors.

The NCDs are proposed to be listed on the Wholesale Debt Market Segment of the NSE.

India-UK FTA deal

Tata Motors has been rising ever since India signed the free trade agreement (FTA) deal with the UK. Under the deal, Indian automotive tariffs will drop from over 100% to 10%. Quotas will be established for automobile imports on both sides.

According to an available report, the revised tariff regime works to the advantage of luxury carmakers Rolls-Royce, BMW Group’s Mini Cooper, and Aston Martin, though their volumes are still small in India. A key winner is Jaguar Land Rover, the British unit of India’s Tata Motors Ltd.

“(The UK-India FTA) is good for India’s automotive sector, especially Tata Motors and Mahindra, due to reduced tariffs on auto components, including EV parts. JLR will benefit,” NDTV Profit reported, quoting Ravi Bhatia, president and director at JATO Dynamics India.

Tata Motors files record patent applications in FY25

Last month, Tata Motors said it had filed 250 patents and 148 design applications, its highest ever in a single year, in FY25.

The filings encompass a broad spectrum of product and process innovations, aligning with key automotive megatrends such as Connectivity, Electrification, Sustainability, and Safety (CESS), as well as emerging technologies like hydrogen-based vehicles and fuel cells, the Mumbai-based auto major said in a statement.

Additionally, they cover various vehicle systems, including battery, powertrain, body and trim, suspension, brakes, HVAC, and emission control, it added.

Tata Motors, Tata Power Partner for 131 MW Wind-Solar Project

Tata Motors in April 2025 said it had inked a power purchase agreement with Tata Power Renewable Energy to co-develop a 131 MW wind-solar hybrid renewable energy project.

Set to generate around 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO₂ emissions each year, the Mumbai-based auto major said in a statement.

The integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles, it added.

Price hike from April

In March 2025, Tata Motors announced that it would increase prices of its commercial vehicle range by up to 2% from April to partially offset the impact of rising input costs.

The prices of the company's commercial vehicle range from April have increased by up to 2%.

The price increase is to offset the rise in input costs and will vary as per individual model and variant, it added.

Part of the $165 billion Tata Group, Tata Motors is a $44 billion organisation. It manufactures cars, utility vehicles, trucks, and buses.