Investor Presentation

BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 August 12, 2026 Sc no.- 107 Dear Sir/Madam, Sub: Submission of Investor presentation to be made to the Analysts/Investors Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with further reference to our letter bearing sc no. 103 dated July 27, 2026, we are enclosing herewith the presentation to be made to the Analysts/Investors on the Financial Results and operations of Tata Motors Limited (formerly TML Commercial Vehicles Limited) (‘the Company’) for the first quarter ended June 30, 2026. The same is also being made available on the Company’s website at www.cv.tatamotors.com. This is for information of the Exchanges and the Members. Yours Faithfully, Tata Motors Limited (formerly TML Commercial Vehicles Limited) Ranjan Kumar General Counsel & Company Secretary Encl: as above Tata Motors Limited (formerly known as TML Commercial Vehicles Ltd.) Results for the quarter ended June 30, 2026 Girish Wagh - MD & CEO GV Ramanan - Chief Financial Officer c Copyright, Confidential, Tata Motors Limited Safe harbour statement Statements in this presentation describing the objectives, projections, estimates and Other Details expectationsofTata Motors Limited andits business segmentsmaybe“forward-looking • Presentation format : The results provided in this deck represent details on statements” within the meaning of applicable securities laws and regulations. Actual Standalone level including Joint operations with Tata Cummins. results could differ materially from those expressed or implied. Important factors that • Consolidated financial statements comprises of TML (including Joint operation with could make a difference to the Group’s operations include, amongst others, economic Tata Cummins) and its subsidiaries TDM, TDMS, TMBSL, PTTMIL, TML CV Mobility conditionsaffectingdemand/supplyandpriceconditionsinthedomesticandoverseas Solutions, TML Smart City Mobility Solutions, Freight Tiger, TMF Holding group, marketsinwhichtheGroup operates,changesinGovernmentregulations,taxlawsand TMIBASL, TML Holdings CV, associate companies viz ACGL, Nita Co, Tata Hitachi, and otherstatutesandincidentalfactors. joint ventures TMGSL, and TMDALL. Certain analysis undertaken and represented in this document may constitute an • Reported EBITDA is defined to include the product development expenses charged to estimate from the Group and may differ from the actual underlying results. P&L and realised FX and commodity hedges but excludes the gain/ loss on realised derivatives entered into for the purpose of hedging debt, revaluation of foreign currency debt, revaluation of foreign currency other assets and liabilities, MTM on FX Narrations and commodity hedges, MTM on unquoted investments, other income (except government grant) as well as exceptional items. This is divided by revenue from - Q1FY26 represents the 3 months period from 1 Apr 2025 to 30 June 2025 operations including grants to arrive at EBITDA margin. - Q2FY26 represents the 3 months period from 1 July 2025 to 30 Sep 2025 - Q3FY26 represents the 3 months period from 1 Oct 2025 to 31 Dec 2025 • Reported EBIT is defined as reported EBITDA plus profits from equity accounted - Q4FY26 represents the 3 months period from 1 Jan 2026 to 31 Mar 2026 investees less depreciation & amortisation. - FY26 represents the 12 months period from 1 Apr 2025 to 31 Mar 2026 - Q1FY27 represents the 3 months period from 1 Apr 2026 to 30 Jun 2026 • Free cash flow is defined as net cash generated from operating activities less net cash used in automotive investing activities, including realised profit/ loss on sale of Accounting Standards mutual funds and excluding investments in consolidated entities, M&A linked asset purchases and movements in financial investments, and after net finance expenses • Financials contained in the presentation are as per IndAS (including interest on leases) and fees paid. • Reported ROCE (Auto) is analytically derived by dividing the EBIT for the last 12 months by the average of the capital employed (YoY). c Copyright, Confidential, Tata Motors Limited Q1 FY27 – Key highlights Strengthened eCV leadership with over 3,400 electric Launched Ace Gold+ XL, Intra V40, Intra EV, expanding Initiated deliveries against Indonesia order vehicle orders across segments the SCV portfolio across ICE, CNG and EVs Golden Peacock Award section to be added Achieved 10 Lakh Commercial Vehicles Production Partnered with HPCL to develop a scalable circular Tata Motors Foundation’s Integrated Village Milestone at Lucknow Plant economy model for used automotive lubricants. Development Programme reaches nearly 200 villages nationwide c Copyright, Confidential, Tata Motors Limited Corporate actions Iveco Update Freight Tiger Subsidiarization ▪ The regulatory approvals are in the final stage, with only one ▪ Freight Tiger is now a subsidiary with the acquisition of pending approval to be received. an additional ~18.1% equity stake in May 2026 for ₹95.66 Cr bringing its total holding to ~63.6%. ▪ All requests have been addressed, and the final clearance is expected to be received by end of August 2026 ▪ This acquisition is aimed to bring together FleetEdge and Freight Tiger to forge a comprehensive end-to-end digital ▪ Accordingly, the Tender Offer is expected to be launched in early ecosystem for the entire logistics value chain, covering September 2026 with an expected closure by early November both the trucks and the trip ecosystem. 2026. c Copyright, Confidential, Tata Motors Limited Standalone Financials c Copyright, Confidential, Tata Motors Limited Q1 Wholesales 109K (↑26% YoY) Robust volume growth through heightened geopolitical tensions Q1 FY27| Standalone including Joint Operations Tata Cummins |Category | Units in ‘000’s Total wholesales 131.8 108.7 108.7 86.1 ▲ 26% YoY Q1 FY 26 Q4 FY 26 Q1 FY 27 Category-wise wholesales Q1 FY27 | YoY| Units in ‘000’s HCV ILMCV SCV PU CV Passenger Exports 26.4 17.1 38.3 18.7 8.1 ▲ 22% YoY ▲ 16% YoY ▲ 35% YoY ▲ 23% YoY ▲ 35% YoY 40.9 43.7 38.3 21.7 26.4 14.8 22.8 17.1 28.3 15.2 17.6 18.7 6.0 6.9 8.1 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 HCV: Heavy Commercial vehicles | ILMCV: Intermediate, Light and Medium Commercial vehicles | SCV PU: Small commercial vehicles & Pickups 6 c Copyright, Confidential, Tata Motors Limited Q1: Revenue ₹19.3K Cr(↑23%), EBITDA ₹2.3K Cr(↑17%), PBT(bei) ₹2.1K Cr (↑26%) Resilient margin delivery despite commodity headwinds Q1 FY27 | Standalone including Joint Operations Tata Cummins |IndAS | ₹K Cr Revenue EBITDA EBIT PBT (bei) ₹K Cr YOY +23% % YoY-60 bps % YoY-20 bps ₹K Cr YOY +26% 13.9% 24.5 3.0 12.3% 12.1% 19.3 11.7% 15.7 9.6% 9.4% 1.6 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBITDA EBIT 1.9 3.4 2.3 1.5 3.0 1.8 ₹ K Cr ₹ K Cr Investment Spends FCF Net Cash/ (Debt) Auto ROCE ₹K Cr ₹ KCr 4.0 ₹ KCr % 7.5 * 72% 1.0 1.1 7.1 68% -1.8 Q1 FY26 Q4 FY26 Q1 FY27 Mar-26 Jun-26 FY25 FY26 Q1FY27 Q1 FY26 Q4 FY26 Q1 FY27 *Post dividend payment of ₹1.5K Cr c Copyright, Confidential, Tata Motors Limited Q1 EBIT is at 9.4%; PBT (bei) at ₹2.1K Cr Operating leverage and improved realizations help offset mix and commodity impact Q1 FY27 | Standalone including Joint Operations Tata Cummins |IndAS|₹ Cr D&A and PDE ₹21 Cr Other Income ₹139 Cr Employee cost ₹(111) Cr Finance Cost ₹106 Cr Others : ₹(35) Cr Forex ₹(130) Cr Others ₹(7) Cr (649) 686 (125) 108 2,057 1,635 PBT (bei) Q1 FY26 Volume, Mix Realisation (net) Variable costs Other costs FX & Others PBT (bei) Q1 FY27 EBIT %9.6% 1.4% (3.4)% 1.8% 0.0% 9.4% For analytical purposes only 8 c Copyright, Confidential, Tata Motors Limited Robust FCF o [Showing first 8,000 characters — download PDF for full document]