Tata Motors (TML) has announced its financial results for the quarter ending June 30, 2025. The company's consolidated revenue was INR 10,440 billion, a 2.5 percent decrease from the previous year.

The company shared was a challenging quarter for the company, as it was impacted by a decline in volumes across all its businesses and a drop in profitability, particularly at Jaguar Land Rover (JLR).

The consolidated reported a net profit of INR 40.03 billion, which was supported by a sharp reduction in finance costs. The free cash flow for the automotive sector was a negative INR 1,230 billion, primarily due to adverse working capital from seasonality and tariffs.

JLR delivered its 11th consecutive profitable quarter, despite challenging global economic conditions. JLR's revenue was GBP 6.6 billion, a 9.2 percent decrease compared to Q1 FY2025. The company's profitability and cash flow were directly and materially impacted by the application of 27.5 percent US trade tariffs on UK- and EU-produced cars exported to the US. The decrease in profitability was also influenced by foreign exchange headwinds. However, a newly signed UK-US trade deal, effective from 30 June2025, is set to reduce tariffs on UK-produced vehicles exported to the US from 27.5 percent to 10 percent. The EU-US trade deal, announced on 27 July 2025, will also reduce tariffs on JLR’s EU-produced vehicles exported to the US from 27.5 percent to 15 percent. The company's PBT for the quarter was GBP 351 million.

Adrian Mardell, JLR Chief Executive Officer, said, “Thanks to our talented people and the robust foundations we have built at JLR, we delivered an 11th successive profitable quarter amid challenging global economic conditions. We are grateful to the UK and US Governments for delivering at speed the new UK-US trade deal, which will lessen the significant US tariff impact in subsequent quarters, as will, in due course, the EU-US trade deal announced on 27 July 2025. Looking ahead, we remain focused on delivering our transformational Reimagine Strategy, including investing GBP 3.8 billion this financial year to support the development of our next-generation vehicles, including our stunning new electric Range Rover and Jaguar models.”

The Tata Commercial Vehicles (Tata CV) business saw its revenue decrease by 4.7 percent to INR 170 billion. Despite lower volumes, the business maintained double-digit EBITDA margins of 12.2 percent, an improvement of 60 bps. This was a result of better realisations and cost savings. Domestic sales volumes were down by 9 percent YoY, while exports increased by 68 percent. The business reported a net profit of INR 16.17 billion.

Girish Wagh, Executive Director Tata Motors, said, “Q1 FY26 was a challenging quarter for the commercial vehicle industry, with subdued demand across key segments impacting overall performance. We also witnessed a decline in domestic sales volumes, reflecting broader market softness and delayed fleet replacement cycles, while segments like Buses and Vans showed resilience and our International Business delivered growth. Our commitment to product innovation and customer-centricity remained strong. The launch of the Ace Pro mini-truck in multiple powertrain options received encouraging initial market response, reaffirming our focus on delivering relevant and affordable mobility solutions. Despite adverse volumes, the business delivered 12.2 percent EBITDA and healthy ROCE of about 40 percent. The acquisition of IVECO Group is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem. By integrating the strengths of both organisations, we will be unlocking new avenues for operational excellence, product innovation and customer-centric solutions.”

Tata Passenger Vehicles (Tata PV) revenue declined by 8.2 percent to INR 1,090 billion, reflecting softness in industry demand and the transition to new models. As a result, the EBITDA was 4 percent, down by 180 bps. The net loss for the quarter was INR 870 million, with profitability impacted by adverse volumes, realisations and the effect of leverage. However, these negative impacts were partially offset by continuous efforts to save on variable costs.

Shailesh Chandra, Managing Director TMPV and TPEM, said, “Q1 FY26 was a subdued quarter for the passenger vehicle industry, with volume pressures persisting across most segments. Demand softness weighed on overall performance, although the Electric Vehicle category remained a bright spot, supported by new launches and growing customer interest. Our continued focus on customer engagement and portfolio renewal remained strong during the quarter. New launches – Altroz and Harrier.ev –received encouraging initial market response, with their full impact expected to unfold in the coming months. Looking ahead, while the overall industry growth is expected to remain muted, we are confident that our recent and forthcoming series of launches – across ICE and EVs – will enable us to outperform the market and strengthen our position across key segments.”

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Sterling Tools, a leading automotive component manufacturer, has announced its subsidiary Sterling Gtake, which focusses on electric vehicle, has been rebranded as Sterling E-Mobility Solutions.

The company stated that the strategic rebranding is part of its portfolio expansion and its aim to be an integrated solutions supplier for EV powertrains and power electronics.

Anil Aggarwal, Chairman, Sterling Tools, said, “We are proud to begin this new chapter as Sterling E-Mobility Solutions. This rebranding reflects our commitment to delivering integrated EV solutions powered by global innovation and local expertise. Our exclusive partnership with Gtake remains strong, and we’re excited to explore new collaborations that strengthen our leadership in the EV ecosystem. We thank our partners and customers for their continued trust and support as we work together to shape India’s e-mobility future.”

In May 2025, Sterling entered into a technology licensing agreement with Advanced Electric Machines (AEM), UK, to manufacture magnet-free motors in India. In Sep 2025, the company announced another key partnership with Landworld Technology Co., China, for their range of on-board chargers and DC/DC converters.

Furthermore, the company’s existing relationships with Jiangsu Gtake Electric Co., for the Indian market, remains strong and unchanged. This partnership continues to flourish, with multiple products being developed by Gtake and localised by Sterling to meet domestic requirements.

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Toyota Kirloskar Motor (TKM) has signed a Memorandum of Understanding (MoU) with Samagra Shikshana Karnataka (Department of School Education and Literacy), Government of Karnataka, to strengthen vocational education for students in Grades 9 to 12.

The collaboration aims to link education with industry, provide students with experience in automobile technology and address the demand for skilled workers. The initiative will also focus on the development of school students.

The programme will be carried out in eight government schools across seven districts of Karnataka, reaching more than 800 students. The schools are located in Kudur and Kanakapura (Bengaluru South), Peenya (Bengaluru Urban), Bagepalli (Chikkaballapur), Byadagi (Haveri), Harapanahalli (Vijayanagara), Turvihal (Raichur) and Haliyal (Uttara Kannada).

The MoU was signed in the presence of K Vidya Kumari, IAS, State Project Director, Samagra Shikshana Karnataka, MR Maruti, KAS, Director (Quality), SSK and A Ramesh Rao, Vice-President, External Affairs-Karnataka & Corporate Social Responsibility, Toyota Kirloskar Motor.

The partnership includes teacher training through a comprehensive Train-the-Trainer programme, which will give faculty members exposure to Toyota’s manufacturing and learning processes. TKM will also set up automobile skill laboratories in the schools to deliver practical, industry-specific knowledge. Students will also gain exposure to industrial environments and company practices, promoting discipline, a safety mindset and respect for people.

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The Prime Minister of India, Narendra Modi, has virtually inaugurated the Mahindra Tractors Skill Development Centre in Gadchiroli, Maharashtra.

The initiative is a major effort to empower rural youth by providing them with industry-relevant skills and opening up new employment opportunities in the region.

The new centre was established by Mahindra Tractors, India’s leading tractor brand, at the Government ITI college in Gadchiroli. It is a collaborative effort with the Department of Vocational Education & Training (DVET) and the Maharashtra State Skill Development Society (MSSDS), aligning with the national and state focus on skill development.

The centre will focus on giving the local youth industry-ready skills by providing a structured curriculum, modern technical equipment and hands-on experience in various aspects of tractor and farm machinery. The programme aims to boost local livelihoods by creating career opportunities in the ecosystem, including assembly roles at manufacturing plants and service positions at dealerships.

Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra, said, “We at Mahindra are deeply honoured that our Prime Minister Narendra Modi inaugurated the Mahindra Tractor Skill Development Centre in Gadchiroli. Maharashtra is not just a leading industrial centre, but a state that is deeply connected to the Farm Sectors growth journey. It is a matter of great pride for us to partner with the Government of Maharashtra, creating a future where our rural communities are uplifted by cultivating skills and harvesting hope.”

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As a key contributor to India’s rail modernisation, Pinnacle Industries has been selected as the official partner by Indian Railways to design and manufacture the sleeper berths and executive seating for the new Amrit Bharat Express. This partnership aligns with the train's role as a transformative, high-speed and affordable option for long-distance travel across the country.

The seating solutions developed by Pinnacle are the result of extensive ergonomic engineering, created to provide superior comfort, safety and longevity. They are specifically optimised to perform reliably in both air-conditioned and non-air-conditioned coaches. A primary focus has been placed on passenger well-being for extended journeys, achieved through enhanced cushion thickness in both seats and berths. The design also incorporates refined aesthetics with improved colour schemes and features like aluminium extrusions for the upper berths.

Safety is a critical component of the design, which includes specialised anti-injury fittings integrated into the seats and berths to minimise potential risks. Furthermore, all materials fully comply with the stringent fire safety standard EN45545-2 HL3, meeting Indian Railways' rigorous requirements for fire-retardant properties. Leveraging decades of expertise in mobility interiors, this project reinforces Pinnacle Industries' position at the forefront of developing world-class transportation solutions for India.

Arihant Mehta, President, Pinnacle Industries, said, “We are honoured to be a part of this visionary initiative by Indian Railways. Our seating solutions for the Amrit Bharat Express reflect our commitment to designing products that combine comfort, safety and innovation while being proudly Made in India. With this, we continue to drive India’s vision of modern, accessible and reliable public transport.”

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