Tata Motors Passenger Vehicles Q3 Results: EBITDA Drops to ₹8.79B, Margin at 1.25%

1 min read Updated on 05 Feb 2026, 04:15 PM

Reviewed by

Riya DScanX News Team

Overview

Tata Motors passenger vehicles division faced severe operational challenges in Q3 with EBITDA plummeting to ₹8.79 billion from ₹105 billion year-on-year and EBITDA margin contracting to 1.25% from 11.9%. The division also reported revenue decline to ₹701 billion from ₹945 billion and swung to a net loss of ₹35 billion from previous year's profit of ₹54 billion.

*this image is generated using AI for illustrative purposes only.

Tata Motors' passenger vehicles division has reported challenging financial results for the third quarter, with the company posting significant revenue decline alongside operational losses and substantially reduced EBITDA performance compared to the same period last year.

Revenue Performance Analysis

The passenger vehicles division recorded revenue of ₹701 billion during the third quarter, representing a substantial decline from ₹945 billion in the corresponding quarter of the previous year. This marks a significant contraction in the division's top-line performance on a year-on-year basis.

Revenue Metric:	Q3 Current Year	Q3 Previous Year	Change
Total Revenue:	₹701 billion	₹945 billion	-25.82%
Revenue Decline:	₹244 billion	-	-

EBITDA Performance Deterioration

The division's EBITDA performance showed a dramatic decline during the third quarter. EBITDA dropped to ₹8.79 billion from ₹105 billion in the same quarter of the previous year, reflecting severe operational challenges.

EBITDA Metric:	Q3 Current Year	Q3 Previous Year	Change
EBITDA:	₹8.79 billion	₹105 billion	-91.63%
EBITDA Margin:	1.25%	11.9%	-10.65 percentage points

Financial Performance Overview

Alongside the revenue decline and EBITDA deterioration, the passenger vehicles division recorded a loss before exceptional item of ₹33 billion during the third quarter, marking a substantial deterioration in operational performance. The division had generated a profit of ₹62 billion in the third quarter of the previous year.

Financial Metric:	Q3 Current Year	Q3 Previous Year	Change
Loss Before Exceptional Item:	₹33 billion	Profit of ₹62 billion	Negative swing of ₹95 billion
Net Loss:	₹35 billion	Profit of ₹54 billion	-
Exceptional Item:	₹16 billion	-	-

Business Impact Assessment

The combination of declining revenue, severely reduced EBITDA margins, and swing from profit to loss in the passenger vehicles division reflects the challenging operating environment affecting the automotive sector. The EBITDA margin compression from 11.9% to 1.25% indicates significant pressure on operational efficiency and cost management during the quarter.

Tata Motors JLR Faces Sales Challenges: CFO Cites US Tariffs and China Weakness

1 min read Updated on 05 Feb 2026, 02:38 PM

Reviewed by

Jubin VScanX News Team

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Overview

Tata Motors' luxury brand JLR faces multiple market challenges as highlighted by the company's CFO, who cited US tariffs and weakness in China as key factors affecting Q3 sales performance. The challenges are reflected in the UK market where JLR sales dropped to 5,305 units in January compared to 5,872 units in the same period last year.

*this image is generated using AI for illustrative purposes only.

Tata Motors has provided insights into the performance challenges faced by its luxury automotive brand Jaguar Land Rover (JLR), with the company's Chief Financial Officer highlighting specific market factors affecting sales performance.

Q3 Performance Factors

According to Tata Motors' CFO, JLR's sales performance in Q3 was significantly impacted by US tariffs and weakness in the Chinese market. These external factors have created headwinds for the luxury automotive brand in two important global markets.

Market Challenge:	Impact Area
US Tariffs:	Sales performance
China Market Weakness:	Regional sales decline

UK Market Performance

The challenges extend to JLR's performance in the UK market, where the brand sold 5,305 units in January, marking a decrease from the 5,872 units sold in January of the previous year. This represents a year-on-year decline in the luxury vehicle segment.

Sales Metric:	January Current Year	January Previous Year	Change
Total UK Sales:	5,305 units	5,872 units	-567 units

Market Context

The sales figures and CFO commentary reflect the broader challenges facing JLR across multiple markets. The combination of trade-related pressures from US tariffs and softening demand in China has created a complex operating environment for the luxury automotive brand. The UK remains an important market for the Jaguar and Land Rover brands, which are part of Tata Motors' global automotive portfolio, though it too has experienced sales contraction during this period.