Tata Motors Limited has filed its 2nd Integrated Annual Report for the financial year 2025-26 with BSE Limited and the National Stock Exchange of India Limited, pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, dated June 6, 2026, covers the company's comprehensive financial and non-financial performance for the period April 2025 to March 2026, following the successful demerger of the Commercial Vehicles business and its listing on November 12, 2025.

FY26 Consolidated Financial Highlights

The company delivered its highest-ever financial performance in FY26 across key metrics. The following table summarises the key consolidated financial results:

Note: FY25 figures represent the nine-month period ended March 31, 2025, and are not directly comparable to the full-year FY26 figures.

On a standalone basis, revenue from operations (including joint operations) was ₹77,399 crore in FY26. Standalone profit before and after tax (including joint operations) for FY26 was ₹4,982 crore and ₹3,362 crore, respectively. The Board recommended a final dividend of ₹4 per equity share of face value ₹2 each (200%) for FY26, subject to shareholder approval, entailing a cash outflow of ₹1,473 crore, representing a payout of 43.8% of standalone net profit.

Operational Performance and Market Leadership

Tata Motors maintained its leadership position in India's commercial vehicle market across all segments in FY26. Total sales volumes reached 435,227 units (unit wholesale) on a consolidated basis. Key operational highlights are presented below:

The company launched 17 next-generation trucks spanning 7 to 55 tonnes under the Tata Trucks.ev brand, built on the I-MOEV (Intelligent Modular Electric Vehicle) Architecture. Other key launches included the Tata Ace Pro, the Azura Series in the ILMCV segment, and Safety Series trucks compliant with European ECE R29.03 cabin safety norms.

Balance Sheet Strength and Credit Ratings

The company significantly strengthened its balance sheet during FY26. The Tata Motors CV Group became net cash positive at ₹7,433 crore as at the end of FY26, compared to a net debt of ₹4,616 crore at the end of FY25 (excluding investments in Tata Capital). Post inclusion of investments in Tata Capital, the Group reported a net cash position of ₹13,713 crore.

The company has been assigned AA+ ratings with a Stable outlook from CRISIL, ICRA, and CARE Ratings. S&P Global Ratings assigned an Investment Grade rating of 'BBB' with a Stable outlook. The standalone net cash position increased to ₹7,451 crore as at the end of FY26, compared to ₹1,614 crore at the end of FY25.

Strategic Developments: IVECO Acquisition and Smart Mobility

A landmark strategic development during FY26 was the agreement reached on July 30, 2025 with Iveco Group N.V. to create a global commercial vehicles group through an all-cash voluntary tender offer. Key details of the proposed transaction are as follows:

In the Smart Mobility segment, TML Smart City Mobility Solutions cumulatively deployed over 3,800 electric buses across 12+ cities. Since inception, the e-bus fleet clocked more than 53 crore kilometres while consistently maintaining over 95% uptime, contributing to a reduction of over 300k tCO₂ of tailpipe emissions. The FleetEdge telematics platform crossed the milestone of one million connected vehicles.

Sustainability and ESG Performance

The company made significant progress on its sustainability agenda under Project Aalingana during FY26. Renewable electricity accounted for 51% of total electricity consumption across Commercial Vehicle operations, up from 47% in the comparable prior period. The total installed on-site solar PV capacity reached 59.9 MWp. The Lucknow, Dharwad, and Pantnagar manufacturing facilities were certified 'Water Positive' and 'Zero Waste to Landfill' by CII-GBC. ENCON efforts resulted in energy savings of 20.67 lakh kWh of electricity and 7,002 GJ of fuel, avoiding 1,920 tonnes of CO₂ emissions. The company's CSR programmes reached 209,305 beneficiaries across various interventions in FY26.

Annual General Meeting

The 2nd Annual General Meeting of Tata Motors Limited is scheduled for Monday, June 29, 2026 at 10:30 a.m. (IST) through Video Conference/Other Audio-Visual Means. The Record Date for dividend entitlement has been fixed as Friday, June 12, 2026. The Integrated Annual Report including the Notice of the AGM is available on the company's website at https://cv.tatamotors.com/annual-reports .

Tata Motors has fixed Friday, June 12, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹4.00 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board at its meeting on May 13, 2026, translates to a 200% payout on the face value of ₹2 and is subject to shareholder approval at the 2nd Annual General Meeting scheduled for June 29, 2026. Upon approval, the dividend will be paid on or before Thursday, July 2, 2026, after the deduction of tax at source as applicable under the Income Tax Act, 1961.

The 2nd Annual General Meeting will be held on Monday, June 29, 2026, at 10:30 a.m. IST through Video Conference or Other Audio Visual Means. The meeting complies with the Companies Act, 2013 and relevant SEBI regulations. The Notice of the AGM and the Integrated Annual Report for FY26 were sent electronically to shareholders with registered email addresses on Saturday, June 6, 2026. Shareholders holding physical shares or those without registered emails must update their details by June 12, 2026, to receive communications.

Key Dividend and AGM Details

The company has detailed the tax deduction norms, noting that dividend is taxable in the hands of shareholders. For resident shareholders with a valid Permanent Account Number (PAN), tax will be deducted at 10%, while those without a valid PAN or with non-operative PAN due to non-linkage with Aadhaar will face a 20% deduction. Resident individuals are exempt from tax deduction if the total dividend does not exceed ₹10,000 or if they furnish Form 121. Non-resident shareholders will face a withholding tax of 20%, plus surcharge and cess, unless they provide a valid Tax Residency Certificate and other documents to claim benefits under Double Tax Avoidance Agreements.

Shareholders must submit relevant documents, such as Form 121 or declarations for lower withholding, on or before Monday, June 15, 2026, to ensure appropriate tax deduction. The company has specified that documents received after the cut-off period may not be accepted. Additionally, shareholders holding shares in physical form must ensure their bank details, PAN, and nomination details are updated to facilitate electronic payment, as mandated by SEBI regulations.