Tata Motors Group Chief Financial Officer PB Balaji outlined a bullish roadmap for the company’s growth trajectory, citing strong performance recovery, a vibrant product pipeline and a sharp focus on electric mobility and international market expansion.

Balaji struck an optimistic note on Tata Motors' future, calling out sustained momentum across all three verticals – Jaguar Land Rover (JLR), Tata Commercial Vehicles and Tata Passenger Vehicles (PV).

"We are entering FY26 with a strong balance sheet and a clear growth agenda across all businesses,” Balaji said, underscoring that the Group is now structurally and strategically aligned for the next phase of expansion.

He emphasised that Tata Motors’ growth will be ‘product-led,’ particularly in the passenger vehicle segment. New launches – especially in the SUV and EV space – have been pivotal in reinforcing Tata’s market positioning.

In the commercial vehicles segment, Tata is banking on market recovery and improved fleet utilisation. “The freight cycle is showing signs of improvement, and we expect to benefit as replacement demand kicks in,” he noted.

On electric vehicles, Balaji reaffirmed Tata’s dominant stance in the Indian EV market and outlined plans to extend its lead. “The EV strategy is working. We’ve proven the thesis. The next steps will be about scale and ecosystem development,” he said. He highlighted Tata’s ambition to transition from simply selling EVs to enabling an entire EV ecosystem – touching on charging infrastructure, localisation of components and battery recycling as critical next steps.

JLR's transformation was another highlight of Balaji’s outlook. The British marque has returned to healthy margins and is now positioned to scale profitably, thanks to a focused approach on premiumisation, disciplined capital allocation and electric architecture development. “JLR has turned a corner—it’s about consolidating gains and investing in future-ready platforms,” he stated.

In addition, Tata Motors is eyeing growth outside India, particularly in the ASEAN and African regions. “We’ll continue to invest in markets where we see sustainable long-term potential,” he said.

Balaji also stressed Tata Motors' disciplined capital deployment approach, indicating that future investments would be ‘self-funded through strong cash flows.’ Debt reduction remains a high priority, even as CAPEX is strategically allocated.

Calling the next two years ‘defining’ for Tata Motors, Balaji summed up the strategy, “The next 24 months are defining for us as a group across the three businesses. We have tailwinds, we have the execution muscle and we are focused. Now is the time to accelerate.”

Financial Performance

Tata Motors reported record consolidated revenues of INR 4,396 billion for FY2025, marking a 1.3 percent YoY growth. However, net profit declined by 11.4 percent to INR 278 billion, impacted by margin pressures across key business segments.

Significantly, the Tata Motors Group turned net auto cash positive during the fiscal, closing FY2025 with a net cash balance of INRR 10 billion – a key milestone in the company's financial turnaround strategy.

Jaguar Land Rover (JLR) recorded Q4 FY25 revenues of GBP 7.7 billion, a decline of 1.7 percent YoY.

In the domestic commercial vehicles (CV) segment, wholesale volumes stood at 99,600 units in Q4 FY25, down 4.8 percent YoY. Exports, however, surged 29.4 percent YoY to 5,900 units. Total CV revenue declined marginally by 0.5 percent YoY to INR 215 billion, mainly due to lower volumes. Nevertheless, the business delivered improved profitability, with EBITDA and EBIT margins rising to 12.2 percent (up 20 bps YoY) and 9.7 percent, respectively – driven by better realisations.

In the passenger vehicles (PV) segment, Q4 volumes were at 147,000 units, down 5.5 percent YoY. Revenue fell 13.1 percent YoY to INR 125 billion. The EBIT margin came in at 1.6 percent, impacted by both lower volumes and realisations. However, this was partially offset by cost optimisation measures and government incentives.

The company also highlighted profitability in its core and electric PV portfolios. The internal combustion engine (ICE) PV business delivered an EBITDA margin of 8.2 percent in Q4, while the electric vehicle (EV) business remained EBITDA positive at 6.5 percent.

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Japanese auto major Honda Motor Co recently established a new retail finance company in India, christened ‘Honda Finance India’. The new company will provide customers with retail sales financing services, including loans and lease sales options for Honda products in India.

The automaker states that with demand for two-wheelers and four-wheelers set to grow in India, there will be a significant growth opportunity for retail finance too. Till now, retail sales financing services has been primarily done by local financial institutions in India.

However, Honda aims to further strengthen its business in India by offering its own sales financing services through a local subsidiary in India. For this, Honda Finance India is applying for a Non-Banking Financial Company (NBFC) license to conduct financial services business in India.

The Japanese company states that for it financial services business has been one of the main business areas and it has established local subsidiaries specialising in retail sales financing services in Japan and various countries in key regions such as North America and Europe. With the establishment of the new company, India became the ninth country where Honda has a local subsidiary to offer financial services.

Going forward, in anticipation of the global expansion of software-defined vehicle (SDV) sales in the future, Honda is looking into opportunities to offer new financial services designed to increase customer satisfaction and the value of the customer experience using various data from Honda SDVs.

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Rakesh Srivastava, the former Managing Director of Nissan Motor India, has been appointed as a Partner at Helyxa Consulting Group, a newly launched firm of senior professionals. Srivastava joins a team with over 150 years of collective experience from top-tier companies across various industries.

Helyxa Consulting Group, which was established on India's Independence Day, is focused on enabling India's growth journey and building a ‘Viksit Bharat’ in line with the vision of a USD 30 trillion economy by 2047. The firm aims to accelerate the growth of Indian companies by providing services in key areas including – AI Transformation, Board Advisory, Deals & Partnerships, Innovation in Entrepreneurship, Leadership & Culture Transformation and Planning & Process Transformation.

Srivastava will work alongside other key partners, including Managing Partner Bhanu Sharma, former President and Global Head of HR and IT at Tega Industries, and Partner Raman Madhok, a board member at Johnson Controls Hitachi and former Joint Managing Director and CEO of JSW Steel. The leadership team also includes Bindu Bhatia and Harish Bhatia.

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German luxury automotive brand BMW India is set to increase prices across its entire model range by up to 3 percent beginning 1 September. The company cites continued foreign exchange impacts and rising material and logistics costs as the primary reasons for the price adjustment.

Vikram Pawah, President and CEO, BMW Group India, said the company has seen significant sales growth in the first half of the year.

“BMW India’s growth and sales momentum in the first half of the year has been remarkable. However, factors like continued forex impact and global supply chain dynamics have been leading to increased material and logistics costs. Our commitment to offer best value and experience throughout customer journey is steadfast. In the festive season, we are geared to introduce several new power-packed profiles of our cars. As the strong demand for BMW’s luxurious, pioneering cars continues, we will deliver exceptional performance and innovation to our valued customers,” he said.

At present, BMW sells the locally produced the BMW 2 Series Gran Coupe, BMW 3 Series Long Wheelbase, BMW 5 Series Long Wheelbase, BMW 7 Series, BMW X1, BMW X3, BMW X5, BMW X7, BMW M340i and BMW iX1 Long Wheelbase.

in India. The company also offers a wide selection of imported models, including the BMW i4, BMW i5, BMW i7, BMW i7 M70, BMW iX, BMW Z4 M40i, BMW M2 Coupe, BMW M4 Competition, BMW M4 CS, BMW M5, BMW M8 Competition Coupe and BMW XM (Plug-in-Hybrid) as completely built-up units (CBU).

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In a joint effort to improve road safety, Skoda Auto Volkswagen India (SAVWIPL) and the SaveLIFE Foundation have successfully completed a two-year project on a high-risk section of National Highway 19 in Uttar Pradesh.

The initiative, named ‘Surakshit Sadkein, Surakshit Bharat’ (Safe Roads, Safe India), has resulted in a 7.5 percent reduction in road crash fatalities on the Agra–Etawah–Chakeri corridor since its launch in November 2022.

The program benefited over 720,000 commuters and focused on a comprehensive, evidence-based approach to road safety, addressing four key areas:

Engineering: Over 7,000 engineering hazards were fixed, with the addition of crash barriers, speed-calming measures and improved pedestrian facilities.

Enforcement: Electronic enforcement tools and new signage were deployed to improve traffic management.

Emergency Care: More than 300 first responders were trained in Basic Trauma Life Support.

Education: Awareness campaigns, including billboards and local outreach, reached a wide audience and commercial vehicle drivers received training in anticipatory driving.

This project was a collaboration with several government bodies, including the National Highways Authority of India (NHAI) and the Uttar Pradesh Police. The partners hope this successful model can be replicated in other high-risk areas across the country.

Piyush Arora, Managing Director & CEO, SAVWIPL, said, “For us, progress in the automotive sector is as much about building safer communities as it is about innovation. The Group takes safety seriously – our Made-in-India models have achieved full 5-star safety ratings, and we are committed to extending that safety beyond our cars to the roads we share. The NH 19 Zero Fatality Corridor with SaveLIFE Foundation shows that when engineering, enforcement, training, and awareness come together, lives are saved. This measurable impact strengthens our vision of a self-reliant India, where independence also means the freedom to travel without fear.”

This is the second Vision Zero Fatality Corridor project supported by SAVWIPL, following the Mumbai–Pune Highway initiative, which achieved a 61 percent reduction in fatalities.

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