Tata Motors Limited (formerly TML Commercial Vehicles Limited) has successfully completed timely interest payments on its Non-Convertible Debentures, as intimated to BSE Limited and National Stock Exchange of India Limited under Regulation 57 of the SEBI (LODR) Regulations, 2015.

Interest Payment Details

The company made full payment of annual interest on February 26, 2026, covering two series of E28-B Non-Convertible Debentures. Both series represent rated, listed, unsecured 8% coupon, redeemable NCDs with identical payment structures.

Debenture Structure and Performance

Both debenture series carry an 8% annual coupon rate with yearly payment frequency. The total interest payment of ₹4000 lakhs represents the annual obligation on the combined ₹500 crore debenture issuance. The company maintained its payment schedule without any delays or changes in frequency.

The interest payment record date was set for February 9, 2026, providing adequate notice to debenture holders. The last interest payment for both series was made on February 27, 2025, maintaining the annual payment cycle.

Regulatory Compliance

The timely payment demonstrates Tata Motors Limited's adherence to its debt service obligations and regulatory requirements. The company certified full compliance with payment terms, with no reasons cited for non-payment or delays. This regulatory filing under SEBI (LODR) Regulations ensures transparency for both stock exchanges and debenture holders.

The successful completion of these interest payments reinforces the company's financial discipline in managing its debt obligations and maintaining investor confidence in its fixed-income securities.

Jaguar Land Rover, the luxury automotive subsidiary of Tata Motors, has reported a significant decline in its European market performance. The British premium automotive brand experienced a 13% drop in sales across Europe compared to the previous year, marking a notable downturn in one of its key regional markets.

European Market Performance

The sales decline represents a substantial challenge for Jaguar Land Rover's European operations. The 13% year-on-year decrease indicates reduced consumer demand for the brand's luxury vehicles in the European market.

Impact on Tata Motors

As Jaguar Land Rover operates under Tata Motors' portfolio, this European sales decline directly affects the Indian automotive giant's international luxury vehicle segment. The performance of JLR in key markets like Europe remains crucial for Tata Motors' overall global automotive strategy.

The reported sales decline underscores the challenges facing luxury automotive brands in the European market, with Jaguar Land Rover experiencing reduced demand across the region compared to the previous year's performance.