Tata Motors Passenger Vehicles has marked FY2026 as a pivotal year of transformation, emerging as an independent, pure-play personal mobility company following the successful demerger of its Commercial Vehicles business.

With Tata Motors split, the company renamed Tata Motors Passenger Vehicles, a move Chairman N Chandrasekaran described as ‘more than a structural milestone’ that positions it to build a differentiated, future-ready enterprise with a strong presence in India and a global footprint through Jaguar Land Rover.

In his address at the company’s 81st AGM on 8 July 2026, Chandrasekaran highlighted resilient performance amid global headwinds, including supply chain disruptions and geopolitical tensions in West Asia, as well as a temporary production pause at JLR due to a cyber incident. Despite these challenges, the India passenger vehicles business delivered robust results.

The domestic PV business achieved record sales of approximately 642,000 vehicles in FY2026, representing 15.3 percent growth – nearly double the industry average. India business revenue reached a record INR 584.65 billion, up 20.7 percent YoY, with EBITDA margins holding steady at around 7 percent and profit before tax (before exceptional items) rising approximately 33 percent. The company maintained a strong balance sheet with a net cash position of INR671 billion.

Over the past six years, the business has grown nearly 5x in volume and 6x in revenue, swinging from significant cash burn to a free cash flow surplus while elevating its market position from 4.8 percent share in FY2020 to 14.2 percent in Q1 FY2027, securing the No. 2 rank in the Indian passenger vehicle market. The company has sustained EV market leadership for seven consecutive years and surpassed 300,000 cumulative electric vehicle sales.

Chandrasekaran emphasised the success of the multi-powertrain strategy, noting strong demand for models such as the Nexon and Punch, the reintroduction of the iconic Sierra and outperformance in CNG vehicles. The company also re-entered the South African market as part of its international expansion.

Looking ahead, Tata Motors Passenger Vehicles has set clear ambitions for the decade to FY2031. The company aims to grow the business 10x, scaling to over 1.2 million annual sales, achieving 20 percent market share and attaining double-digit EBITDA margins. Plans include the launch of 6 new nameplates and more than 20 product refreshes, with EVs expected to contribute over 30 percent of sales volumes.

On the JLR front, despite a 21 percent revenue decline to GBP 22,911 million due to external disruptions, the business demonstrated operational resilience and progress on next-generation models.

A leadership transition saw PB Balaji take over as CEO. For the year ahead, JLR is focusing on modern luxury, North American growth and customer personalisation, supported by new vehicle launches.

On a consolidated basis, the company reported revenue of INR 3,355 billion and PBT (before exceptional items) of INR 25.19 billion.

Beyond financials, the company continues to advance sustainability and community initiatives, reaching over 1.8 million citizens through CSR efforts and aligning with the Tata Group’s Project Aalingana to achieve Net Zero by 2040, with electrification central to its strategy.

Chandrasekaran concluded with confidence for FY2027, citing a strong product pipeline, enhanced collaboration between TMPVL and JLR – including the new facility in Panapakkam, Tamil Nadu – and greater use of digital technologies and AI.

“Our ambition remains clear. To build trusted, aspirational and globally competitive mobility brands that connect meaningfully with customers,” he concluded.

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South Korean automotive major Hyundai Motor Group has announced a USD 15.5 billion investment plan for India from 2026 through 2032. The strategy was outlined during a meeting between Indian Prime Minister Narendra Modi and Hyundai Motor Group Executive Chair Euisun Chung at the Prime Minister’s Office in New Delhi.

To execute the 7-year plan, Hyundai Motor Group will establish a dedicated investment entity in India to manage capital allocation across manufacturing expansion, research and development, supply chain localisation and mobility services.

The investment includes an allocation of approximately USD 700 million to expand the Group's Indian R&D centre and build a vehicle testing track facility. Manufacturing expansion will focus on scaling production capacity across Hyundai Motor India and Kia India to support domestic sales and export operations.

At present, the Group maintains an annual production capacity exceeding 1.4 million vehicles in India across Hyundai facilities in Chennai (824,000 units) and Pune (170,000 units), alongside Kia India's Anantapur plant (431,000 units).

The investment strategy also targets local component sourcing, electric vehicle charging infrastructure, specialised vehicle financing, end-of-life vehicle recycling and startup investments across India's automotive sector.

"India remains one of Hyundai Motor Group’s most important and strategic markets globally. The past 30 years have been defined by our commitment to India. This investment reaffirms our commitment to India for the next 30 years and beyond. Through this investment, we will create more employment opportunities and work together with our partners and stakeholders to support India’s continued industrial development," said Chung.

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Electric bus operator GreenCell Mobility, a portfolio company of Eversource Capital, has secured an equity investment of INR 3.3 billion from Impact Fund Denmark. The capital will support the deployment of approximately 4,500 electric buses, bringing GreenCell's total fleet to over 5,000 e-buses across 105 cities in India.

The funding supports GreenCell Mobility's expanding order book across intra-city municipal transport and intercity routes. The platform operates as an original equipment manufacturer-agnostic operator, managing bus procurement, depot charging infrastructure and fleet maintenance contracts under public-private partnerships and private operations.

The investment joins existing institutional backers of GreenCell, including the International Finance Corporation, British International Investment and Tata Capital, as the company expands its operational footprint across urban transport corridors in India.

Dhanpal Jhaveri, CEO, Eversource Capital, said, "Electric public mobility is moving from an emerging opportunity to an investable infrastructure asset class in India. GreenCell was created with that conviction – to build the operating capabilities and institutional scale needed to build an enduring business. The equity investment from IFD demonstrates the depth of long-term institutional capital now backing GreenCell Mobility. The next phase is about putting that capital to work with discipline – expanding the business, deepening its capabilities and creating long-term value as India transitions to electric mobility."

Devndra Chawla, MD and CEO, GreenCell Mobility, said, "We welcome IFD as a shareholder and value the continued confidence of Eversource, IFC, BII and Tata Capital as we take GreenCell forward. We have established a strong presence across both intra-city and intercity transportation, with the operating experience to manage increasingly large and complex deployment. Our focus is on executing our order book with rigour, strengthening service delivery and ensuring that the organisation keeps pace with the size and complexity of our operations. This equity investment gives us greater headroom to accelerate our plans while maintaining the standards of reliability, efficiency and customer experience that are fundamental to our business."

Lars Bo Bertram, CEO of Impact Fund Denmark, said, "India is a central market for Impact Fund Denmark. GreenCell is a strong investment opportunity in a rapidly growing market, while also addressing one of India’s major challenges air pollution. Scaling electric transportation can contribute to cleaner cities and accelerate India’s green transition."

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Global vehicle safety assessment organisation Euro NCAP has released its latest testing results under 2026 evaluation protocols, highlighting a growing industry trend toward reintroducing physical buttons and switches for core driving functions. The update comes as European safety testing increasingly penalises reliance on central touchscreen interfaces for primary controls.

Under Euro NCAP's 2026 Safe Driving protocols, primary vehicle controls – including direction indicators, windscreen wipers, hazard lights, horn and emergency call buttons – must be accessible via physical controls rather than buried within touchscreen menus.

In the latest assessments, the Audi Q7 achieved a 90 percent score for driving controls, including a 100 percent rating for primary driving tasks, while the Kia EV2 also received high marks for ergonomic physical switchgear. Both vehicles secured 5-star overall safety ratings.

Conversely, Chinese manufacturer XPENG scored 20 percent for primary driving controls on its X9 MPV due to touchscreen menu dependence, despite obtaining a 5-star overall rating supported by crash avoidance and post-crash safety performance. Comparative testing across 2026 models showed European manufacturers generally scoring higher for physical switchgear, with the BMW iX3 scoring 100 percent and the CUPRA Raval scoring 80 percent, compared to lower scores for the ZEEKR 7GT at 20 percent and the Leapmotor B05 at 0 percent.

Dr. Aled Williams, Programme Director at Euro NCAP, said, "Euro NCAP is continually monitoring market trends, and the move toward placing as many driving controls within a car’s touchscreen system is one that has concerned us just as much as it has annoyed consumers. It is clear in these results that the XPENG adheres to the mantra that everything must be included in the touchscreen, despite overwhelmingly negative feedback by European car buyers. We applaud Audi and Kia for taking a more common-sense approach. Our latest protocols reward the intelligent use of physical buttons and controls, as this can reduce driver distraction, and both Audi’s new Q7 and Kia’s EV2 do an excellent job of keeping safety simple. Other manufacturers, including XPENG, would do well to follow this strategy."

The latest round of evaluations also awarded 5-star safety ratings to the BYD SHARK pickup truck under 2025-adapted protocols and a 4-star rating to the Mazda 2 Hybrid, carried over from the platform's Toyota Yaris architecture.

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Stellantis India, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility have signed a definitive agreement expanding their long-standing partnership into vehicle technology and product architecture collaboration. The agreement builds on a Memorandum of Understanding signed in February 2026.

As per the terms, Tata Motors Passenger Vehicles will grant Stellantis access to its vehicle architectures and technology platforms. Stellantis will utilise its engineering resources in India to adapt these architectures for more than 50 international markets. Vehicles developed through the collaboration will be manufactured in India at Fiat India Automobiles, the 50:50 joint venture facility between Tata Motors and Stellantis located in Ranjangaon.

Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, said, "Our partnership with Stellantis has grown steadily over more than two decades, built on mutual trust and complementary strengths. This Agreement marks an important next step, extending our relationship into advanced vehicle technology and architecture, reflecting the strength and competitiveness of TMPV’s capabilities in these areas. We are delighted that Stellantis will leverage them to develop products for global markets. Together, we have an exciting opportunity to combine our respective strengths to create compelling vehicles engineered and made in India for customers in India and around the world."

Tianshu Xin, COO for Stellantis Asia-Pacific Region, said, "Partnerships are central to how Stellantis creates value across Asia-Pacific. By combining Tata Motors' strong capabilities in India with Stellantis' global product development and market reach, this Agreement will help us develop competitive vehicles in India and expand our export potential across international markets. It also reinforces India's growing role as a strategic manufacturing and development hub for Stellantis."

The agreement reinforces India's positioning as an engineering, product development and manufacturing export hub for both multi-national automotive corporations, integrating local supply chain scale with international market distribution networks.

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