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The US$ 37-billion* Tata Motors Group is a leading global automobile manufacturer with many offerings across commercial, passenger and electric vehicles. We focus on  engineering and tech-enabled automotive solutions to bring the future of mobility closer.

The company is pioneering India’s Electric Vehicle transition and enjoys considerable advantage in one of the fastest growing automotive markets in the world.

Tata Motors Limited

Tata Motors is India’s largest selling commercial vehicle manufacturer and is amongst the top three in the passenger vehicles market. Our operations span across India, the UK, South Korea and South Africa with network of 86 subsidiaries, ten associate companies, four joint ventures and two joint operations as on March 31, 2022.

Jaguar Land Rover

Jaguar Land Rover is a global automotive manufacturer of distinct British brands, Jaguar and Land Rover. Jaguar Land Rover is reimagining these brands in a world of modern luxury by design, with sustainability and quality at their heart. Through this strategy, Jaguar Land Rover aims to become the creator of the world’s most desirable luxury vehicles and services, for the most discerning of customers.

Tata Motors Finance

Tata Motors Finance Limited (TMFL) and Tata Motors Finance Solutions Limited (TMFSL) are NonBanking Financial Companies (NBFCs). They are the subsidiaries of TMF Holdings Limited (TMFHL). TMFHL is a 100% subsidiary of Tata Motors and a Core Investment Company (CIC). TMFL facilitates new vehicle financing. TMFSL undertakes the dealer/vendor financing business and the used vehicle refinance/repurchase business.

Business Highlights

Commercial Vehicles: delivered strong turnaround performance

  • Commercial Vehicles (CV) business delivered Industry leading volume growth.
  • Improved market share by +250 bps while also gaining across all  four segments.
  • Consistently continued to grow Spare and Service penetration.


  • Continued to enhance competitiveness of products and  introduced 80+ products, 120 variants in FY22.

Future ready

  • Enhanced sales and service reach further with 130+ sales and 370+ service touchpoints, respectively.
  • Expedited digitalisation journey:
  • Upgraded Fleet Edge connected vehicle platform. Launched E-Dukaan, online spare e-marketplace.
  • Strengthened play in EV buses through an own maintain and operate model offered at a per-km rate.

Tata Daewoo CVs

  • Successful deployment of turnaround initiatives delivering positive PBT for last 6 quarters.
  • Delivered +84.4% volume growth in FY22 vs FY21, driven by share gain in MHCV and product range expansion into LCVs

Awards and recognition

  • Won Apollo CV manufacturer of the year for 4th consecutive year.
  • Other awards won include:    
    – Apollo CV awards 2022 - Man of the year - Girish Wagh.
    – Apollo CV awards 2022 - Pick up of the year - Yodha 4X4.
  • Tata Motors also won the CII Customer Obsession Apex award for 4th consecutive year.
  • Tata Motors E-Dukaan Won the Golden Peacock Award 2021 in the category Innovative Product/Service

Passenger Vehicles

PV subsidiarisation

  • PV business subsidiarisation  completed and Tata Motors Passenger Vehicles Limited (TMPV) became operational from January 1, 2022.
  • Subsidiarisation of the PV business enables the realisation of its full potential with mutually beneficial strategic alliances and better access to products, architectures, powertrains, new-age technologies and capital.

Product launches

  • Stepped up NEW FOREVER portfolio in FY22
  • Launched Tata Punch, sub-compact SUV with bold and stunning design, premium and spacious interiors.
  • Introduced advanced iCNG technology in Tiago and Tigor.
  • Launched Altroz DCA, offering seamless drive experience to customers.
  • Launched exciting variants including dark range of vehicles, Kaziranga range of SUV’s, Tiago NRG and Safari Gold.

Strong turnaround

  • Passenger vehicles witnessed highest annual sales and revenue since its inception.
  • Strong market share improvement, ending with market share of 13.4% in Q4 FY22.
  • Strong improvement in margins and business delivered positive EBIT margin in Q4 FY22, way ahead of our targets.

Awards and recognition

  • Received more than 20 awards and accolades during FY22.
  • Manufacturer of the year award at Auto Car and Car India awards.
  • Won several awards at Car and Bike awards including, Entry car of the year, Best innovation campaign, Manufacturer of the year, Viewers' choice EV of the year and Design of the year.
  • Shailesh Chandra won various awards, including -
    – 'Man of the Year' by Autocar Professional
    – 'Automobile CEO of the Year’ by Top Gear
    – ‘Business Leader of the Year’ by Car and Bike
  • Shailesh Chandra was also nominated for the prestigious ‘World Car Person of the Year 2022’.

Electric Vehicles

Formation of TPEM and fund raise

  • Tata Passenger Electric Mobility Limited (TPEM) was incorporated with a focus to channelise the future investments into electric vehicles, dedicated BEV platforms, advanced automotive technologies and catalyse investments in charging infrastructure and battery technologies. Announced investment targets in excess of $2B (` >16KCr) over next 5 years.
  • Fund raise by TPG Rise Climate along with co-investors for Rs 7,500 crore in compulsory convertible instruments to secure between 11% to 15% stake translating to an equity valuation of up to $9.1 bn. First tranche of Rs 3,750 crore received.

Strengthening the lead

  • Annual EV sales touched 19,105 units, a growth of 353% vs FY21. Improved our market share in EV segment to 87% in FY22, while Q4 FY22 market share stood at 94%.

Product launches

  • Expanded product portfolio in FY22. Launched new Tigor EV with an extended range of 306 kms.
  • Launched Xpres-T EV with two range options: 162km and 213km to meet the requirement of fleet consumers.
  • Recently launched Nexon EV Max, with 33% higher battery capacity and ARAI certified range of 437 kms.

Future concepts

  • Showcased our Electric SUV Concept – CURVV. A GEN 2 EV, conceptualised to offer practicality and elegance, whilst exuding dynamism and unmatched road presence.
  • Unveiled the AVINYA Concept – an expression of the Company’s vision of a pure electric vehicle, based on GEN 3 architecture.

Awards and recognition

  • Tata Nexon EV won Readers Electric Vehicle of the Year Award at Automotive Awards.
  • Tigor EV won award at various forum, including Car & bike awards, Flywheel awards, Motoroctane Awards, etc.

Financial Highlights FY22 (Consolidated)

See Tata Motors investor section for more details.

No. Label 2021-22 (Rs crore)
1 Revenue 278453
3 Profit Before Tax -7,003.00
4 Profit After Tax -11,309.00

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