Tata Motors Passenger Vehicles has marked FY2026 as a pivotal year of transformation, emerging as an independent, pure-play personal mobility company following the successful demerger of its Commercial Vehicles business.

With Tata Motors split, the company renamed Tata Motors Passenger Vehicles, a move Chairman N Chandrasekaran described as ‘more than a structural milestone’ that positions it to build a differentiated, future-ready enterprise with a strong presence in India and a global footprint through Jaguar Land Rover.

In his address at the company’s 81st AGM on 8 July 2026, Chandrasekaran highlighted resilient performance amid global headwinds, including supply chain disruptions and geopolitical tensions in West Asia, as well as a temporary production pause at JLR due to a cyber incident. Despite these challenges, the India passenger vehicles business delivered robust results.

The domestic PV business achieved record sales of approximately 642,000 vehicles in FY2026, representing 15.3 percent growth – nearly double the industry average. India business revenue reached a record INR 584.65 billion, up 20.7 percent YoY, with EBITDA margins holding steady at around 7 percent and profit before tax (before exceptional items) rising approximately 33 percent. The company maintained a strong balance sheet with a net cash position of INR671 billion.

Over the past six years, the business has grown nearly 5x in volume and 6x in revenue, swinging from significant cash burn to a free cash flow surplus while elevating its market position from 4.8 percent share in FY2020 to 14.2 percent in Q1 FY2027, securing the No. 2 rank in the Indian passenger vehicle market. The company has sustained EV market leadership for seven consecutive years and surpassed 300,000 cumulative electric vehicle sales.

Chandrasekaran emphasised the success of the multi-powertrain strategy, noting strong demand for models such as the Nexon and Punch, the reintroduction of the iconic Sierra and outperformance in CNG vehicles. The company also re-entered the South African market as part of its international expansion.

Looking ahead, Tata Motors Passenger Vehicles has set clear ambitions for the decade to FY2031. The company aims to grow the business 10x, scaling to over 1.2 million annual sales, achieving 20 percent market share and attaining double-digit EBITDA margins. Plans include the launch of 6 new nameplates and more than 20 product refreshes, with EVs expected to contribute over 30 percent of sales volumes.

On the JLR front, despite a 21 percent revenue decline to GBP 22,911 million due to external disruptions, the business demonstrated operational resilience and progress on next-generation models.

A leadership transition saw PB Balaji take over as CEO. For the year ahead, JLR is focusing on modern luxury, North American growth and customer personalisation, supported by new vehicle launches.

On a consolidated basis, the company reported revenue of INR 3,355 billion and PBT (before exceptional items) of INR 25.19 billion.

Beyond financials, the company continues to advance sustainability and community initiatives, reaching over 1.8 million citizens through CSR efforts and aligning with the Tata Group’s Project Aalingana to achieve Net Zero by 2040, with electrification central to its strategy.

Chandrasekaran concluded with confidence for FY2027, citing a strong product pipeline, enhanced collaboration between TMPVL and JLR – including the new facility in Panapakkam, Tamil Nadu – and greater use of digital technologies and AI.

“Our ambition remains clear. To build trusted, aspirational and globally competitive mobility brands that connect meaningfully with customers,” he concluded.

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ZF Commercial Vehicle Control Systems India Limited (ZF CVCS India) has finalised multi-year supply agreements with three major Indian truck manufacturers for its ESCsmart Electronic Stability Control (ESC) solution. The deals cover 12-volt and 24-volt architectures and are tied to new model launches developed to align with upcoming safety legislation. Local assembly will occur at ZF CVCS India's domestic production hubs, with series manufacturing scheduled to start in the third quarter of 2027.

The regulatory landscape is the primary driver, as Indian authorities have set an October 2027 deadline for mandatory ESC installation on all trucks. With that compliance date approaching, OEMs are securing proven technology partners well in advance, and the nominations reflect a broader industry shift towards active safety adoption ahead of the mandate.

Electronic stability control is globally regarded as a critical tool for preventing rollovers and loss-of-control incidents, with many developed markets already enforcing similar requirements. India's forthcoming regulations represent a meaningful convergence with international norms, and observers anticipate measurable improvements in commercial vehicle accident statistics once the technology becomes standard.

The ESCsmart system is tailored for heavy commercial use, automatically modulating braking and engine torque when sensors detect instability. Its effectiveness in Indian conditions has been validated through deployments on over 60,000 vehicles, while ZF's pedigree includes 20 years of innovation and more than three million global deliveries. The company is providing validation and pre-certification support, positioning the solution as fully compliant with both current and stricter 2027 rules.

Paramjit Singh Chadha, Managing Director, ZF Commercial Vehicle Control Systems India Ltd, said, “As the Indian commercial vehicle industry prepares for the next phase of safety regulations, vehicle stability technologies are evolving from being a differentiator to becoming a fundamental requirement. These business nominations reflect the growing momentum towards advanced active safety systems across the market. With a proven ESC platform, dedicated validation capabilities at our ESC test track and strong local engineering and manufacturing expertise, ZF CVCS India is ready to support OEMs in meeting the upcoming safety requirements with scalable, India-ready solutions.”

Akash Passey, Non-Executive Chairman, ZF Commercial Vehicle Control Systems India Ltd and President – ZF Group in India, said, “We are proud of the confidence our customers have placed in ZF CVCS India and the partnerships we have built. As India enters a defining phase in commercial vehicle safety, OEMs are increasingly prioritising proven technologies that enhance vehicle stability and deliver meaningful safety outcomes at scale. These nominations reinforce ZF CVCS India's leadership in active safety and our readiness to support the industry's transition through proven technology, local manufacturing, advanced validation capabilities and ZF's global expertise in electronic stability control.”

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Delhi-NCR-headquartered alternative energy vehicle company Omega Seiki Mobility has successfully secured strategic funding from Securocorp Securities, Sangeeta Pareekh, Saket Aggarwal Family Office and Vanshika Sharma in New Delhi.

The funds will be deployed to expand manufacturing capacity at production facilities in Faridabad and Pune, strengthen research and development, enhance the dealer network and accelerate electric mobility solutions following Delhi's EV Policy 2026.

Dr. Uday Narang, Founder & Chairman, Omega Seiki Mobility, said, "This investment reflects the confidence investors have in our vision, execution, and long-term strategy. Over the last eight years, we have built a company grounded in manufacturing excellence, innovation, and financial discipline. As India's EV market enters its next phase of growth, we remain committed to delivering sustainable mobility solutions while creating long-term value for our customers, partners, and investors."

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European automaker Stellantis has appointed Tianshu Xin to lead its China and Asia-Pacific region, effective 3 August 2026. He will report to Stellantis CEO Antonio Filosa and join the Stellantis Leadership Team, while continuing to serve as CEO of Leapmotor International.

On the other hand, Gregoire Olivier has been appointed strategic advisor, reporting to Xin.

Furthermore, Pablo Di Si has been named Chief Performance Officer, effective 3 August 2026. Reporting directly to Antonio Filosa, Di Si will lead execution of Stellantis’ ‘Value Creation Program’ to deliver business targets.

Antonio Filosa, CEO, Stellantis, said, “Tianshu Xin and Pablo Di Si bring deep global leadership experience, operational discipline and proven records of building strong teams and driving performance in highly competitive markets. Their appointments strengthen our leadership team as we sharpen execution, accelerate value creation, and continue positioning Stellantis for long-term success across regions and functions. I also want to thank Gregoire for his leadership and look forward to working together as he takes on his new role.”

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  - Rishi pandey July 25, 2026 15:23 PM

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Sona BLW Precision Forgings has signed definitive agreements with DENSO Corporation to establish two joint ventures aimed at developing, manufacturing and marketing electric and hybrid powertrain systems.

The partnership involves two strategic joint ventures tailored to different vehicle segments. The first joint venture focuses on high-voltage liquid-cooled traction inverters, traction motors and generators for passenger vehicles and commercial vehicles, with DENSO holding a 51 percent equity stake and management control and Sona Comstar holding 49 percent.

The second joint venture targets air-cooled traction inverters, traction motors, generators and e-axles for two-wheelers and three-wheelers, where Sona Comstar retains a 51 percent stake and management control and DENSO acquires 49 percent through a subsidiary structure.

Vivek Vikram Singh, MD and Group CEO, Sona Comstar, said, “We have always believed that the future of mobility will be defined by companies that continuously invest in innovation, product development and industrialization of advanced technologies. This partnership marks an historic milestone in Sona Comstar’s journey as a mobility technology company and reflects the capabilities we have built across advanced electric powertrain systems over the years. DENSO is a company we have immense respect for, as they have been at the forefront of automotive innovation globally for decades with deep expertise in electrification technologies. We are honored and delighted to partner with DENSO to bring together the complementary strengths of both companies and build advanced electric and hybrid powertrain solutions for four-wheelers and larger vehicle applications. This partnership will also accelerate the growth of our existing electric powertrain business for two and three-wheelers by strengthening our capabilities across the powertrain value chain and enabling us to serve a broader set of customers.”

Tsuneo Maebara, Head of Powertrain Systems Business Group, DENSO Corporation, said, “The electrification of mobility represents a major transformation that will continue to evolve in response to the diverse needs of customers and society across the world. India, in particular, is an important region where diverse forms of mobility coexist and electrification is advancing at significant scale. Sona Comstar is a mobility technology company with a global business presence, serving a broad range of customers, and having boldly transformed itself alongside the rapid evolution of the mobility market – from conventional vehicle technologies to solutions for both two- and three-wheelers and passenger electric vehicles. Through this partnership, we will bring together the respective strengths that both companies have built over the years to provide electrification solutions that address the diverse needs of customers in India. By harnessing new competitive strengths created through synergies across the two companies’ products, technologies and business foundations, DENSO will further advance and accelerate its electrification business. We will also build on the outcomes achieved in India to deliver value that meets a broader range of customer needs in the future.”

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