Tata Motors Group Chief Financial Officer PB Balaji outlined a bullish roadmap for the company’s growth trajectory, citing strong performance recovery, a vibrant product pipeline and a sharp focus on electric mobility and international market expansion.

Balaji struck an optimistic note on Tata Motors' future, calling out sustained momentum across all three verticals – Jaguar Land Rover (JLR), Tata Commercial Vehicles and Tata Passenger Vehicles (PV).

"We are entering FY26 with a strong balance sheet and a clear growth agenda across all businesses,” Balaji said, underscoring that the Group is now structurally and strategically aligned for the next phase of expansion.

He emphasised that Tata Motors’ growth will be ‘product-led,’ particularly in the passenger vehicle segment. New launches – especially in the SUV and EV space – have been pivotal in reinforcing Tata’s market positioning.

In the commercial vehicles segment, Tata is banking on market recovery and improved fleet utilisation. “The freight cycle is showing signs of improvement, and we expect to benefit as replacement demand kicks in,” he noted.

On electric vehicles, Balaji reaffirmed Tata’s dominant stance in the Indian EV market and outlined plans to extend its lead. “The EV strategy is working. We’ve proven the thesis. The next steps will be about scale and ecosystem development,” he said. He highlighted Tata’s ambition to transition from simply selling EVs to enabling an entire EV ecosystem – touching on charging infrastructure, localisation of components and battery recycling as critical next steps.

JLR's transformation was another highlight of Balaji’s outlook. The British marque has returned to healthy margins and is now positioned to scale profitably, thanks to a focused approach on premiumisation, disciplined capital allocation and electric architecture development. “JLR has turned a corner—it’s about consolidating gains and investing in future-ready platforms,” he stated.

In addition, Tata Motors is eyeing growth outside India, particularly in the ASEAN and African regions. “We’ll continue to invest in markets where we see sustainable long-term potential,” he said.

Balaji also stressed Tata Motors' disciplined capital deployment approach, indicating that future investments would be ‘self-funded through strong cash flows.’ Debt reduction remains a high priority, even as CAPEX is strategically allocated.

Calling the next two years ‘defining’ for Tata Motors, Balaji summed up the strategy, “The next 24 months are defining for us as a group across the three businesses. We have tailwinds, we have the execution muscle and we are focused. Now is the time to accelerate.”

Financial Performance

Tata Motors reported record consolidated revenues of INR 4,396 billion for FY2025, marking a 1.3 percent YoY growth. However, net profit declined by 11.4 percent to INR 278 billion, impacted by margin pressures across key business segments.

Significantly, the Tata Motors Group turned net auto cash positive during the fiscal, closing FY2025 with a net cash balance of INRR 10 billion – a key milestone in the company's financial turnaround strategy.

Jaguar Land Rover (JLR) recorded Q4 FY25 revenues of GBP 7.7 billion, a decline of 1.7 percent YoY.

In the domestic commercial vehicles (CV) segment, wholesale volumes stood at 99,600 units in Q4 FY25, down 4.8 percent YoY. Exports, however, surged 29.4 percent YoY to 5,900 units. Total CV revenue declined marginally by 0.5 percent YoY to INR 215 billion, mainly due to lower volumes. Nevertheless, the business delivered improved profitability, with EBITDA and EBIT margins rising to 12.2 percent (up 20 bps YoY) and 9.7 percent, respectively – driven by better realisations.

In the passenger vehicles (PV) segment, Q4 volumes were at 147,000 units, down 5.5 percent YoY. Revenue fell 13.1 percent YoY to INR 125 billion. The EBIT margin came in at 1.6 percent, impacted by both lower volumes and realisations. However, this was partially offset by cost optimisation measures and government incentives.

The company also highlighted profitability in its core and electric PV portfolios. The internal combustion engine (ICE) PV business delivered an EBITDA margin of 8.2 percent in Q4, while the electric vehicle (EV) business remained EBITDA positive at 6.5 percent.

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Industry leaders at the Renewable Energy India Expo and The Battery Show India (TBSI) highlighted critical mineral access, technology partnerships and domestic manufacturing capabilities to strengthen India's electric vehicle supply chain.

The event convened over 1,080 exhibitors, 1,400 brands and 54,000 professionals, focusing on international collaboration across critical minerals, battery technology and energy storage.

Interestingly, Australia, represented by 20 companies and 32 exhibitors, identified battery production and electric vehicle supply chains as areas for cooperation with Indian manufacturers, leveraging its lithium, cobalt and rare earth reserves. Projections shared at the exhibition indicate India's renewable energy market will reach 486 GW by 2030, while the battery storage sector is projected to surpass USD 8.5 billion by 2031, growing at a compound annual growth rate of 33 percent.

Philip Green, Australia’s High Commissioner to India, said, "The two countries could combine Australia’s engineering expertise and mineral resources with India’s manufacturing strength and integration into global supply chains. Australia produces more than 50 percent of the world’s lithium, according to Green, and holds the world’s second-largest cobalt reserves. It also ranks second or third globally in rare earth resources." he said.

Yogesh Mudras, Managing Director of Informa Markets in India, said, "Renewable energy generation and grid storage needed to expand together as the country advanced its energy transition. India’s renewable energy market is projected to reach 486 GW by 2030, growing at a compound annual growth rate (CAGR) of 15 percent. The country’s battery storage sector is projected to exceed USD 8.5 billion by 2031, with a CAGR of 33 percent."

Anandi Iyer, Director of the Fraunhofer Office in India, said, "India and Germany had opportunities to collaborate in battery research, power electronics, advanced engineering and industrial automation. Approximately 800 GW of renewable energy capacity additions globally in 2025, while global battery storage deployment reached 108 GW, an increase of 40 per cent from the previous year. Technological self-reliance did not mean working in isolation, highlighting the importance of trusted partnerships and supply chains that can translate research into commercially viable solutions."

Manu Srivastav, Additional Chief Secretary in Madhya Pradesh’s Power & Renewable Energy Department, said, "Renewable energy was becoming increasingly competitive with conventional power as costs declined.”  

Jai Asundi, Executive Director of the Centre for Study of Science, Technology & Policy, said, "India would need continued investment in manufacturing, energy storage, grid infrastructure, research and skilled talent to build a resilient clean energy ecosystem."

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Caterham has confirmed its participation in the London International Motor Show 2027, with the British manufacturer set to appear in the event's Built in Britain zone at Excel London from 26 to 28 February 2027. The maker of the legendary Seven, produced in Britain since 1973, will display a selection of its cars on stand 1920.

Visitors will have the opportunity to examine one of the purest driving machines available anywhere, with the Seven widely regarded as a definitive British sports car thanks to its light, simple, hand-built construction in Kent and driver-focused engineering. The Built in Britain zone celebrates the designers, engineers and craftspeople sustaining the country's automotive industry, with specialist sports car makers playing a central role.

Though small in scale, these manufacturers wield enormous influence through cars whose character and focus are admired by major global firms and sought after by enthusiasts. The zone offers them a capital stage before a national audience. The show runs alongside Motorsport Expo and Car Culture UK, with one combined ticket covering all three and around 90,000 visitors expected across the weekend. Friday 26 February serves as the press and trade day, running alongside the public opening.

Stephen Maitland-Oxley, Event Director, London International Motor Show, said, “Caterham is exactly the kind of company Built in Britain was created to celebrate. The Seven is a British icon, and the team behind it has spent more than 50 years proving that lightness, ingenuity and sheer driving fun never go out of fashion. Britain's niche sports car makers are a national asset and we are delighted to give them the spotlight they deserve. Having Caterham with us is a wonderful way to set the tone for the zone.”

Trevor Steel, Senior Vice President – Operations, Caterham Cars, said, “ "At its core, the Caterham Seven is engineered to deliver a driving experience that is as pure, enjoyable and rewarding to the driver, as any car on sale today. Since its inception by Colin Chapman nearly 70 years ago, and since becoming a Caterham in 1973, the Seven has always been proudly built here in Britain, and this is heritage we’re always wishing to celebrate. Built in Britain is a natural home for us, and we are looking forward to meeting enthusiasts, owners and a new generation of drivers in London next February.”

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GP Petroleums has appointed Shirish Suvagia as its new Chief Financial Officer and Key Managerial Personnel, effective 15 October 2026.

Suvagia is a Chartered Accountant with over 23 years of experience in corporate finance, treasury, strategic planning, mergers & acquisitions, and debt and equity fundraising.

He holds Bachelor's and Master's degrees in Commerce from the University of Mumbai, an Executive MBA from IIM Indore, a CISA certification from ISACA, and an IFRS certification from the ICAI.

In his role as CFO, Suvagia will manage the company's financial strategy, treasury, business planning, capital allocation, risk management and reporting functions as GP Petroleums expands its IPOL lubricants brand across domestic and international markets.

Ayush Goel, Chairman & Managing Director of GP Petroleums, said, "We are delighted to welcome Suvagia to GP Petroleums. His experience across corporate finance, treasury, fundraising and mergers & acquisitions will be a valuable asset to the Company, particularly as we focus on capital allocation, business expansion and long-term value creation. We look forward to his contribution as we take the company forward. We are confident that his leadership and financial expertise will support the Company in creating sustainable value for all stakeholders."

"I am excited to join GP Petroleums at an important stage of its growth journey. IPOL is a well-established and respected brand with strong market fundamentals and significant opportunities ahead. I look forward to partnering with the Board and leadership team to further strengthen the Company's financial capabilities, support strategic growth initiatives, and drive long-term value creation for stakeholders," said Suvagia.

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SAEINDIA is set to host the 23rd Asia Pacific Automotive Engineering Conference (APAC 23) from 13 to 14 November 2026 at the Yashobhoomi Convention Centre in New Delhi.

The event, held under the theme ‘Xellerating towards Safe, Secure, Sustainable & Intelligent Mobility,’ returns to India for the second time following a 15-year interval. The conference will convene more than 1,000 delegates and 500 mobility experts representing vehicle manufacturers, component suppliers, technology firms, research organisations and regulatory bodies across 11 countries in the Asia-Pacific region.

The agenda comprises 150 technical presentations and 80 exhibitors covering subject areas such as powertrains, automated driving, cybersecurity, software-defined vehicles, vehicle dynamics, advanced materials and regulatory standards.

The venue features an exposition hall, a technology theatre for product demonstrations, and the TechHive platform designed to connect mobility start-up ventures with industry leaders, technology experts, and investors.

“APAC 23 represents an important opportunity for India to engage with the Asia-Pacific mobility engineering community at a time when our industry is undergoing fundamental transformation. By bringing together industry, academia, researchers, innovators and policymakers, we aim to create meaningful conversations and collaborations that can contribute to safer, smarter and more sustainable mobility,” said Saurabh Dalela, President of SAEINDIA.

Anoop Bhat, Co-Convenor, APAC 23, said, “The scale and diversity of APAC 23 have been designed to create an environment where engineering knowledge, technology innovation and business opportunities come together. From technical presentations and the exposition to TechHive and the Technology Theatre, participants will have multiple opportunities to discover technologies, exchange ideas and build collaborations across the mobility ecosystem.”

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