Tata Motors Passenger Vehicles Limited has delivered exceptional performance in Q3 FY26, achieving record quarterly sales of 171,013 units compared to 139,829 units in Q3 FY25. This represents a robust 22.30% year-on-year growth, marking the company's highest-ever quarterly wholesale performance.

Q3 FY26 Performance Highlights

The company's quarterly performance demonstrates strong momentum across all segments, with domestic passenger vehicle sales leading the growth trajectory.

December Sales Achievement

December performance contributed significantly to the quarterly success, with total sales reaching 50,519 units against 44,289 units in the previous year, representing 14.10% growth.

Electric Vehicle Momentum

The company's electric vehicle segment demonstrated exceptional growth, with EV sales surging 49.50% to 24,103 units in Q3 FY26. This performance was supported by enhanced capabilities, longer range, lifetime battery warranty, and price parity with internal combustion engine counterparts.

Strategic Outlook

According to Mr. Shailesh Chandra, MD and CEO of Tata Motors Passenger Vehicles Limited, the company achieved several milestones including retail sales crossing the 200,000 units milestone for the first time. The Nexon model led as India's top-selling car/SUV in October and November, while CNG volumes crossed 47,000 units with overall SUV volumes rising 18.00%.

The company's multi-powertrain strategy and recent product launches, including the Harrier and Safari in petrol variants and the Sierra model, position it well for continued growth in FY26.

Tata Motors Passenger Vehicles Limited (TMPVL) has successfully concluded its postal ballot process on December 29, 2025, with shareholders demonstrating overwhelming support for all proposed board appointments. The remote e-voting process, which concluded on December 28, 2025, at 5:00 p.m. (IST), witnessed strong participation across all shareholder categories with 73.36% of total shares participating in the voting process.

Postal Ballot Results Overview

All four resolutions were passed with requisite majority through remote e-voting, marking a significant milestone in TMPVL's post-demerger governance structure. The voting results demonstrate exceptional shareholder confidence in the company's leadership appointments.

Shareholder Participation Analysis

The postal ballot witnessed significant participation from institutional and retail investors, with promoter groups showing near-complete participation at 99.99%.

Key Appointments Confirmed

With shareholder approval secured, TMPVL's leadership structure is now formalized under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shailesh Chandra has been appointed as Managing Director & CEO with remuneration approval, securing 99.29% shareholder support for both his directorship and compensation package.

Mrs. Sudha Krishnan joins as Non-Executive Independent Director with the highest approval rate of 99.91%, bringing enhanced board diversity and governance expertise.

Mr. Pathamadai Balachandran Balaji has been appointed as Non-Executive Director with 99.49% approval, adding valuable financial and strategic expertise to the board.

Regulatory Compliance and Transparency

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014. The scrutinizer's report dated December 29, 2025, confirms the validity of all voting results.

The voting results and scrutinizer's report are now available on the company's website ( www.cars.tatamotors.com ) and NSDL's e-voting portal, ensuring complete transparency in the governance process. This comprehensive approval paves the way for TMPVL to execute its passenger vehicle strategy under new leadership while maintaining strong corporate governance standards.