Duroflex Introduces The Next Generation Of Sleep Tech In India With Airboost™

Duroflex, one of India’s leading sleep and comfort solutions brands, announces the launch of the Airboost™ Series, a sleep science-led material innovation for the Indian mattress category. The proprietary Airboost™ is built with an open matrix fibre structure offering 3X breathability, and introduces a fundamentally different approach to sleep technology in an industry long defined by foam density, coir firmness and spring counts.

Engineered to adapt hyper-locally to the human body, Airboost™ with 1 lakh+ independent micro-support points continuously contours to the shape and movement of the body while sleeping, helping distribute the body’s pressure evenly. Its 3D open-air structured design enables uninterrupted airflow from all directions, supporting effective heat dissipation away from the body. This temperature regulation is increasingly recognised as critical to sleep quality in India’s hot and humid climate.

After testing various branded mattresses available in India, Duroflex Airboost™ has been exclusively approved by the National Health Authority (NHA) for its ability to support spinal health and the Indian Society for Sleep Research (ISSR) for enabling enhanced N3 sleep (also known as Slow Wave Sleep), the stage of sleep which focuses on physical recovery, tissue repair and immune strengthening of the body. This sleep innovation reinforces Duroflex’s Designed to De-Stress philosophy - using sleep science to solve unmet consumer needs across the sleep and comfort ecosystem.

In India, demanding work schedules, rising lifestyle stress, and environmental factors such as heat and humidity continue to compromise sleep quality. Postural adaptation, temperature regulation and overnight energy restoration play a crucial role in supporting deep restorative sleep. Airboost™ is designed to address these three fundamental sleep requirements simultaneously - in ways that the current mattress offerings in the market struggle to achieve.

Speaking on the launch, Sridhar Balakrishnan, CEO, Duroflex Limited said, “For six decades, Duroflex has been guided by a consumer-first principle, creating solutions that address real problems. We are the makers of Duropedic®, the first ever mattress approved by doctors at NHA and trusted by elite athletes like Virat Kohli, Neuma - India’s first firmness adjustable mattress, and Wave Kinect, a smart bed compatible mattress.”

He added, “Sleep is one of the most important health investments, yet material innovation in the mattress segment was long overdue. Airboost™, our Make-In-India technology, disrupts traditional foam-and-coir approaches with over 1 lakh Airknit fibres by working with the body’s natural physiology. It reduces effort in regulating temperature, maintaining posture, and re-energising during the night. Every fibre, every design choice, is aimed at helping the body truly de-stress and wake up feeling restored. With our new, one-of-its-kind manufacturing facility in Hosur now fully operational, we are confident Airboost will find relevance with Indian consumers seeking deeper, more restorative sleep.”

Developed as part of Duroflex’s long-term focus on sleep science and material innovation, Airboost™ reflects a broader shift towards rethinking how mattresses are built for modern lifestyles. As sleep research increasingly establishes connections between sleep quality and long-term health outcomes, materials that can measurably improve sleep architecture play a larger role towards healthier lifestyles.

The Airboost™ range is available in multiple variants under the Duropedic portfolio, offering different comfort configurations and thickness options. The collection is available through Duroflex Experience Centers pan-India, select retail channels and online at https://www.duroflexworld.com/pages/Airboost-mattress

Zuno General Insurance’s “Talking Zebra” Returns To Celebrate Responsible Road Commuters This Road Safety Month

Zuno General Insurance (formerly Edelweiss General Insurance), a new-age digital insurer, has brought back its popular road safety awareness initiative in an evolved avatar with “Talking Zebra Returns” as part of its Road Safety Month drive. The campaign adopts a positive approach recognising and thanking commuters who follow traffic rules and will be rolled out across high-footfall traffic signals in select cities across the country.

Aligned with the Ministry of Road Transport and Highways’ (MoRTH) Road Safety Awareness Month and IRDAI’s directive encouraging insurers to actively promote road safety awareness, the campaign aims to make road safety, more engaging and memorable.

With Talking Zebra Returns, Zuno is not only promoting road safety but also recognising the good drivers who follow traffic rules and demonstrate responsible road behaviour. The initiative also builds on Zuno’s ongoing SmartDrive campaign, ‘Good Drivers Choose Zuno’, which champions safe and responsible driving.

Starting Tuesday, 20th January, and running through the month, the activation will be rolled out across select traffic signals in 8 cities - Mumbai, Delhi, Bangalore, Hyderabad, Kolkata, Ahmedabad, Goa and Guntur.

Adding a playful twist this year, the Talking Zebra will also be joined by a mime artist, who will enact common road safety practices such as stopping before the zebra line, wearing helmets, waiting for the signal, and giving way to pedestrians, turning everyday actions into expressive, visual moments that commuters can instantly relate to.

Commenting on the initiative, Shanai Ghosh, MD & CEO, Zuno General Insurance said, “At Zuno, we believe that road safety is a shared responsibility, and that positive reinforcement can be a powerful nudge towards better driving behaviour. Over the years, we’ve built initiatives that go beyond awareness from on-ground movements like Talking Zebra to product innovations like our mobile telematics-led Zuno SmartDrive car insurance, which rewards safe and responsible drivers. We aim to go beyond awareness and actively shape driving behaviour in the country. Through this initiative, we want to celebrate good drivers and encourage others to join them too, making Indian roads safer”.

With India continuing to record one of the highest road accident and fatality rates globally, sustained awareness and behavioural reinforcement remain crucial. The “India Status Report on Road Safety 2024,” by the TRIP Centre at IIT Delhi, highlights the country’s slow progress in reducing road accident fatalities. Comparing India to road safety leaders like Sweden, the report shows that while in 1990, an Indian was 40% more likely to die in a road accident, by 2021 this risk had increased to nearly six times.

The Road Accidents in India Report (2022) recorded 4,61,312 crashes, leading to 1,68,491 fatalities and 4,43,366 injuries. On average, India witnesses 53 crashes and 92 deaths every hour, underscoring the urgent need for continued road safety efforts. According to global data, India witnesses the highest number of road accidents in the world.

Zuno is also taking road safety beyond awareness through product innovation. It’s Zuno SmartDrive motor insurance features India’s first crash-detection capability, using smartphone telematics in the Zuno app to automatically detect accidents, alert support teams, and trigger faster assistance and claims offering real-time help when it matters most.

Ketan Mankikar, Head Marketing & Communications, Zuno General Insurance said, “The Talking Zebra has never been just a campaign for us. It’s a platform we’ve been building to keep road safety part of everyday conversation. Last year, it helped us start that conversation. This year, with Talking Zebra Returns, we’re taking it forward by recognising and celebrating good drivers who follow traffic rules. By adding positive reinforcement, humour, and simple human moments at traffic signals, we’re turning everyday behaviour into something visible and aspirational. When people see good driving being noticed, it naturally encourages more of it. That’s the kind of brand-led behaviour change we believe in.”

To take the message beyond the signals and into everyday conversations, Zuno General Insurance has partnered with popular radio channels. It will also be amplified on the brand’s social media platforms.

Zuno General Insurance invites everyone to join the Talking Zebra movement and make road safety a daily habit. Because road safety shouldn’t be a choice, it should be the way you drive. It isn’t just about rules. It’s about people.

Mother’s Recipe Brings Korean Inspired Recipes To Everyday Kitchens With A New Digital First Video Series Using Its Chinese Sauces

Mother’s Recipe, the trusted homegrown brand that has been part of Indian kitchens for generations, has launched a new digital first recipe video series that brings Korean inspired cooking into everyday Indian kitchens, the series focuses on recipes that are quick to follow, easy to prepare and suited to Indian kitchens, showing how global flavours can be recreated at home without complicated ingredients or long prep.

As Korean flavours continue to influence what people order, watch and cook, many home cooks are looking for a starting point that feels familiar. The campaign taps into this growing curiosity and shows how a few trusted sauces can help recreate the taste people enjoy, while keeping the cooking process simple. It also reflects a wider shift in the way young adults approach food today. They like trying new cuisines, but they also want recipes that fit into busy routines and feel rewarding at the end.

Anchored in the idea “MOM-FU: Maa ka pyaar in a Korean avatar”, the campaign includes five recipe videos, with Korean Spicy Paneer, Korean Spicy Noodles, Korean Bibimbap, Korean Fried Rice and Korean Veg Dakgalbi making Korean inspired flavours feel doable in an Indian kitchen. The series features Korean Spicy Paneer made using Soya Bean Sauce, Garlic Chilli Sauce and Red Chilli Sauce, Korean Spicy Noodles made using Desi Szechwan Sauce, Green Chilli Sauce, Soya Bean Sauce and Chilli Vinegar and Korean Bibimbap made using Chilli Vinegar and Soya Bean Sauce. Korean Fried Rice and Korean Veg Dakgalbi bring the same comfort and punch using Mother’s Recipe sauces, helping recreate Korean style favourites with ingredients that are easy to find. Each recipe is designed to be easy to follow with clear steps that help viewers cook confidently even if it is their first attempt at Korean style food.

Speaking about the campaign, Sanjana Desai, Executive Director, Mother’s Recipe, said, “Home cooking has always been about care. What is changing is the kind of flavours people want to bring into their kitchens. We are seeing more consumers, especially young adults, explore global cuisines at home and Korean food is a great example of that. This series is our way of making those recipes feel simpler to try. With our Chinese Sauces, we can bring the flavour together quickly, without taking away from the joy of cooking.”

The recipe videos will be amplified across digital platforms through short form content and social first storytelling. The campaign will be supported by high quality visual assets, including recipe videos and product pack shots, enabling video led coverage, recipe features and social embeds across food, lifestyle and culture focused digital media. The PR outreach will focus on digital storytelling that highlights easy recipes, Korean cravings at home and the role of sauces in making everyday cooking feel more exciting.

With this digital first campaign, Mother’s Recipe continues to stay rooted in trust while keeping pace with the way modern India cooks. The series invites consumers to try something new, enjoy the process and bring people together around food that feels fresh, flavourful and made at home.

Skipper Achieves Record Q3 Revenue And EBITDA With Sustained Margin Expansion

Record quarterly revenue of ₹13,706 Mn; EBITDA rises to ₹1,414 Mn with margin at 10.3%

PAT before exceptional items surges 40% YoY to ₹502 Mn

Closing order book reaches all-time high of ~US$ 1 billion, reinforcing multi-year growth visibility

Skipper Limited (BSE: 538562 | NSE: SKIPPER), one of the world’s leading manufacturers of Power Transmission & Distribution structures and a prominent player in Telecom and Railway structures, announced its financial results for the third quarter ended 31st December 2025.

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Stand Alone Financials (₹ in Million)

Particulars	Q3 FY’26	Q3 FY’25	Change %	9M FY’26	9M FY’25	Change %
Revenue	13,706	11,353	21%	38,862	33,367	17%
EBITDA	1,414	1,109	28%	3,993	3,280	22%
EBITDA Margin (%)	10.3%	9.8%	+50 bps	10.3%	9.8%	+50 bps
Profit Before Tax (Before Exceptional)	654	483	36%	1,874	1,360	38%
Profit After Tax (Before Exceptional)	502	359	40%	1,397	1,014	38%
Reported PAT	502	359	40%	1,317	1,014	30%

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 Q3 FY’26 Highlights

Recorded highest ever quarterly revenue at ₹13,706 Mn, up 21% YoY

Achieved highest ever quarterly EBITDA at ₹1,414 Mn, up 28% YoY; EBITDA margin improved to 10.3%

PAT before exceptional items jumps 40% YoY to ₹502 Mn, reflecting strong operating leverage and disciplined execution

9M FY’26 Highlights

Highest ever first nine months revenue at ₹38,862 Mn, up 17% YoY

Standalone EBITDA margin improved to 10.3% vs 9.8% YoY, driven by execution of higher-quality T&D contracts and operating efficiencies

PBT (before exceptional) grew 38% YoY to ₹1,874 Mn, with PBT margin improving to 4.8

PAT before exceptional increased 38% YoY to ₹1,397 Mn; PAT margin expanded to 3.6% from 3.0%

Order Book & Bidding

Highest ever closing order book (Dec’25) at approximately US$ 1 billion (₹90,093 Mn), comprising 90% domestic and 10% export orders

Q3 FY’26 order inflow of ₹14,286 Mn, primarily driven by engineering products supply and EPC works across domestic and international markets

Secured two prestigious 765 kV transmission line EPC projects from PGCIL in Uttar Pradesh and Karnataka, strengthening leadership in the high-voltage segment

9M FY’26 YTD order inflows stood at ₹46,490 Mn, up 24% YoY

Robust bidding pipeline of approximately US$ 3 billion (> ₹270,000 Mn)

EPC division currently executing ~5,000 circuit kilometres of EHV & HVDC transmission line projects

Successfully completed plant audits by new customers from the Middle East and North America

Capacity Expansion & Other Business Updates

New 75,000 MTPA capacity fully operational, with commercial production commenced

Additional 75,000 MTPA capacity expansion underway, taking total capacity to 450,000 MTPA by end of FY’26

Awarded Great Place to Work® certification for the fifth consecutive year

Successfully gone live with SAP S/4HANA RISE across key business functions, marking a significant milestone in Skipper’s digital transformation journey

Company expects 20%+ revenue CAGR growth in the current year, with momentum expected to further strengthen in the coming quarters

Directors’ Comment

Commenting on the Q3 FY’26 performance, Mr. Sharan Bansal, Executive Director, Skipper Limited, said:

“Q3 represents another decisive step in Skipper’s earnings compounding journey. Delivering our highest-ever quarterly revenue and EBITDA reflects the structural improvements we have made across project quality, execution discipline and capacity readiness. Margin expansion this quarter is a direct outcome of our strategic shift towards higher complexity and higher value T&D projects.”

Mr. Devesh Bansal, Executive Director, Skipper Limited, added:

“Our record order book and strong bidding pipeline provide high visibility for sustained growth across domestic and international markets. Winning marquee 765 kV PGCIL projects and expanding our global customer base reinforces Skipper’s position as a globally competitive engineering and EPC partner. With capacity expansion, digital transformation through SAP S/4HANA, and a sharp focus on execution excellence, we are well positioned for accelerated and profitable growth.”

Asian Hawker Dinner: A Celebration Of Asian Flavours

Embark on a culinary journey across Asia with our Asian Hawker Dinner, curated to showcase the region’s most vibrant and authentic flavours in an elegant setting. The menu features comforting Asian‑style Vegetable & Noodle Soup, alongside Korean and Thai‑inspired salads. Interactive live stations bring to life delicacies such as Khao Suey, momo, and chaat, while the Far Eastern Curry Wagon presents fragrant Thai curries paired with jasmine rice.

The grills and mains highlight signature creations including Chicken Yakitori, Bird’s Eye Chilli & Lemongrass‑marinated Fish, Kung Pao Chicken, Prawn XO Sauce, and Szechuan‑style rice and noodles, complemented by select Indian favourites. To conclude, indulge in exquisite desserts such as Tub Tim Grob and Japanese Matcha Cheesecake.

· Venue: The Trinity Square, Taj MG Road, Bengaluru

· When: Every Friday | Dinner, 7:30 pm – 10:30 pm

· Price: INR 2,950 plus taxes 

Montra Electric Delivers India’s 1st ‘PM E-DRIVE’ Certified Electric Truck

* This N3 category certification strengthens the commercial viability of electric heavy-duty trucks by unlocking up to ₹9.6 lakh in customer incentives per vehicle.

* Mr. Arun Murugappan, Chairman, Montra Electric (TI Clean Mobility Private Limited) flagged off and handed over the first PM E-DRIVE–certified Rhino 5538 EV to UltraTech Cement Limited.

Montra Electric (e-M&HCV business vertical), part of the Murugappa Group, has achieved a significant milestone in India’s clean mobility journey by becoming the first heavy-duty electric truck manufacturer in the country to receive certification under the Government of India’s PM E-DRIVE Scheme. Marking this achievement, the company has also delivered the country’s first PM E-DRIVE–certified electric heavy truck, Rhino 5538 EV 6x4 Tractor trailer, to UltraTech Cement Limited, India’s largest cement and ready-mix concrete company, reinforcing its commitment in advancing growth of electric vehicles.

The milestone was commemorated in the presence of Shri Arun Murugappan, Chairman-Montra Electric (TI Clean Mobility), Jalaj Gupta MD-Montra Electric (TI Clean mobility), Shri Sathia Raj, Chief Procurement Officer, UltraTech Cement Limited, underscoring the significance of this achievement for India’s clean mobility ecosystem.

This move is expected to expedite the adoption of electric heavy-duty trucks across India’s logistics, mining, infrastructure, and manufacturing sectors by significantly improving the business case for electrification. By enabling large fleet operators and industrial customers to transition away from conventional fuels without compromising on performance, uptime, or economics, the certification marks a decisive step towards cleaner, more efficient, and future-ready freight movement.

The first PM E-DRIVE–certified Rhino 5538 EV was flagged off and handed over to UltraTech by Shri Arun Murugappan.

The INR 10,900 crore PM E-DRIVE scheme has an out lay of Rs 500 crore dedicated for e-trucks, translating into a direct customer benefit of up to ₹9.6 lakh per vehicle for the Rhino 5538 EV. The incentive improves long-term fleet economics by lowering operating costs, reducing fuel price volatility exposure, and supporting compliance with evolving sustainability and emission norms.

Commenting on the occasion, Shri H.D. Kumaraswamy, Hon’ble Union Minister for Heavy Industries, said, "The PM E-DRIVE scheme is a testament to the growing prowess of Indian innovation in the heavy-duty electric vehicle segment. Under the visionary leadership of Prime Minister Shri Narendra Modi, we are committed to decarbonizing our logistics and making India a global hub for EV manufacturing. Electric trucks are pivotal to our Net Zero goals, and by fostering a self-reliant ecosystem through such certifications, we are driving the spirit of Atmanirbhar Viksit Bharat.

We are very happy to see our Prime Minister’s vision coming to life with the 1st PM E-Drive certified heavy duty electric truck from 'Montra Electric' getting delivered today."

Commenting on the milestone, Arun Murugappan, Chairman, Montra Electric (TI Clean Mobility Private Limited), said, “Decarbonising freight is one of the most critical challenges in India’s energy transition. We are grateful to the Government of India and our Prime Minister Shri Narendra Modi for introducing forward-looking and progressive policy frameworks such as the PM E-DRIVE Scheme, which

represent a welcome and transformative step in accelerating this shift, particularly in heavy commercial vehicles where emissions intensity is high.

At Montra Electric, we are proud to contribute to this national mission by delivering technologically advanced, reliable, and scalable electric M&HCV solutions that can drive meaningful and lasting change in India’s mobility ecosystem.”

Designed specifically for Indian operating conditions, the Rhino 5538 EV Tractor trailer range is available in 6x4 and 4x2 Tractor trailer variants. The Rhino 5538 EV 4x2 Tractor trailer offers both battery swapping and fixed battery options, six-minute battery swaps, a 282 kWh LFP battery delivering 380 HP and 2000 Nm torque, and a range of nearly 198 km under standard test conditions. These capabilities make the Rhino 5538 EV well-suited for high-utilisation, fixed-route, and hub-to-hub applications across ports, mining operations, cement logistics, steel plants, and long-haul freight corridors—segments that contribute significantly to India’s freight emissions footprint.

With heavy-duty trucks accounting for a disproportionate share of freight emissions, the PM E-DRIVE–certified Rhino 5538 EV represents a critical lever in India’s journey towards net-zero and cleaner industrial growth. Montra Electric plans to work closely with customers, policymakers, and ecosystem partners to accelerate the deployment of electric heavy-duty trucks across India’s core economic sectors.

About Montra Electric (TI Clean Mobility Private Limited, Murugappa Group)

Montra Electric, (Company Name: TI Clean Mobility Private Limited), is a pioneering clean mobility brand from the Murugappa Group, one of India’s oldest and most respected business conglomerates with a legacy spanning 125 years. Drawing in deep expertise of converting ‘Metal to Mobility’ earnt with decades of manufacturing high precision automotive and industrial components for India and Global needs; coupled with the track record of creating strong brands, Montra Electric has set on the vision of clean mobility. The Company operates under 4 business verticals - Heavy Commercial Vehicle, Mid & Small Commercial Vehicles, Last Mile Three wheelers and Electric Tractors including through its subsidiaries. The fast-expanding portfolio of Montra Electric consists of the India’s first 55 Ton Electric Truck Trailer RHINO, 3.5 Ton Small Commercial Vehicle EVIATOR, Last Mile Passenger Vehicle SUPER AUTO, Last Mile Delivery solution SUPER CARGO and India’s first Electric Tractor E-27.

To know more, visit the official Montra Electric website: www.montraelectric.com

About Murugappa Group

A 125-year-old conglomerate with presence across India and the world, the INR 902 billion (90,178 crore) Murugappa Group has diverse businesses in agriculture, engineering, financial services and more.

The Group has 10 listed companies: Carborundum Universal Limited, CG Power & Industrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam Investment & Finance Company Limited, Coromandel International Limited, E.I.D.-Parry (India) Limited, NACL Industries Limited, Shanthi Gears Limited, Tube Investments of India Limited, and Wendt (India) Limited. Other major companies include Cholamandalam MS General Insurance Company Limited and Parry Agro Industries Limited. Brands such as Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Chola, Chola MS, CG Power, Shanthi Gears, CUMI, Gromor, Paramfos, Parry’s are part of the Group’s illustrious stable.

Abrasives, technical ceramics, electrominerals, electric vehicles, auto components, fans, transformers, signalling equipment for railways, bicycles, fertilisers, sugar, tea, and several other products make up the Group’s business interests.

Guided by the Five lights — integrity, passion, quality, respect, and responsibility — and a culture of professionalism, the Group has a workforce of 94,041 employees.

Tata Motors Ltd. (TML) Announced Its Results For Quarter Ending December 31, 2025

Tata Motors Ltd. (TML) announced its results for quarter ending December 31, 2025.

 

Commercial Vehicles Segment – Key financials

	Q3 FY25	Q3 FY26	YTD FY25*	YTD FY26	Q3 vs Q3	9M vs 9M
					YoY	YoY
Revenue (Rs. Cr.)	18,478	21,533	53,551	56,912	3,055	3,360
EBITDA %	12.4%	12.7%	11.6%	12.4%	30 bps	80 bps
EBIT%	9.6%	10.6%	8.8%	10.1%	100 bps	130 bps
PBT (bei) (Rs. Cr.)	1,681	2,290	4,409	5,616	609	1,207
FCF (Rs. Cr.)**	1,479	4,752	1,654	5,169	3,273	3,515

*Q1 FY25 numbers included within YTD FY25 numbers are derived             **Standalone+ Joint operation

Summary:

Tata Motors Commercial Vehicles segment delivered a strong set of Q3 results driven by disciplined execution and continued focus on profitable growth. Quarterly revenue and EBITDA stood at ₹21.5K Cr (+17%) and ₹2.7K Cr (+19%) respectively. EBITDA margin was in double digits for the 10th consecutive quarter at 12.7% (+30 bps) while EBIT margin also crossed the double-digit milestone to reach 10.6% (+100 bps) aided by higher volumes and improved realizations. This was partially offset by rising input costs and the impact of the maiden PLI benefit recorded in the prior period. PBT (bei) for the quarter was ₹2.3K Cr (+36%).

Strong operating performance coupled with efficient working capital management led to robust Q3 FCF of ₹4.8K Cr and 9-month FCF of ₹5.2K Cr. ROCE for the quarter came in strong at 53% (vs. 38% in Q3 FY25). Net cash for the domestic business stood at ₹3.9K Cr as of 31st December 2025.

Consolidated financials: Consolidated revenues stood at ₹21.8K Cr (+16%). EBITDA margin stood at 12.5% (+30 bps) while EBIT margin came at 10.4% (+100 bps). PBT (bei) for the quarter was ₹2.6K Cr and PAT stood at ₹0.7K Cr. As at 31st December 25, the Company was Net Cash positive at ₹6.1K Cr. This included TMF Holdings gross debt less market value of TMF Holdings investments in Tata Capital Ltd.

Exceptional items:

The exceptional items include impact on account of the New Labor Code (₹603 Cr), demerger (₹962 Cr) and acquisition cost (₹82 Cr). The impact of these and other items stood at ₹1.5K Cr in standalone financials and at ₹1.6K Cr in consolidated financials.

Corporate Actions:

The Board of Directors of Tata Motors Limited (TML) has approved a Composite Scheme of Amalgamation to merge TMF Holdings Limited and TMF Business Services Ltd, both wholly owned subsidiaries, with TML. The proposed scheme will not

result in any change to the shareholding of TML and is subject to receipt of the necessary creditors, regulatory and other approvals. Once effective, it will result in a simplified and streamlined group structure.

Business Highlights:

CV segment wholesales stood at 116.8K units (+20%). Domestic & Export volumes were up by 18% YoY and 70% YoY respectively

Overall domestic CV VAHAN market share grew 100 bps sequentially to 35.5% for Q3FY26.

Leading the way with innovative, sustainable and intelligent mobility solutions –

Launched 17 Next-Generation Trucks, setting new standards for Safety, Profitability & Progress.

Introduced Azura series – Excellence reimagined for ILMCV segment

Showcased Tata trucks.ev, Indias widest electric truck range

All truck platforms – Prima, Singa, Ultra, Azura – now meet stringent European safety standards (ECE R29 03)

Presented all new Euro 6 range of future ready solutions tailored for Middle East and North Africa to support region’s transition to cleaner mobility.

Looking ahead

Going forward, we expect demand to further strengthen in Q4FY26 across most commercial vehicle segments. Key drivers in 2026 will include the government’s sustained infrastructure push and expansion in end-use sectors, both of which are expected to fuel positive momentum for the industry. With an optimized portfolio ensuring superior product availability, a decisive pricing strategy, and deeper customer engagement through intensified market activations, Tata Motors is well-poised to unlock demand across segments, paving the way for continued success.

Girish Wagh, MD & CEO, Tata Motors Ltd said:

“Disciplined execution of an agile strategy delivered yet another strong financial performance this quarter, supported by demand tailwinds from GST 2.0 and the festive season. Our recent launch of 17 next‑generation trucks under the ‘Better Always’ philosophy sets new benchmarks in safety, total cost of ownership, and smarter, emission‑free mobility, reinforcing our commitment to innovation and industry leadership. With infrastructure spending accelerating, we are well positioned to sustain momentum and drive continued growth”

GV Ramanan, CFO, Tata Motors Ltd. said:

“We delivered another strong quarter, translating robust operational execution and healthy demand across key segments into meaningful financial outcomes. The quarter marked significant milestones, including our 10th consecutive quarter of double‑digit EBITDA margins and achievement of double-digit EBIT margins. This strong operating performance coupled with disciplined working capital management, led to robust free cash flow generation. With this trajectory, we remain confident of delivering on our stated financial guidance”

Additional Commentary on Financials (Consolidated Numbers, Ind AS)

Finance Costs dropped to ₹ 198 Cr in Q3 FY26 vis a vis ₹ 256 Cr in Q2 FY26.

Free Cash Flow for the quarter was at ₹4.4K Cr vis a vis ₹2.0K Cr in Q2 FY26. Net cash was at ₹6.1K Cr (including leases ₹722 Cr).