NESPRESSO Expands Its Retail Presence To Mumbai With Pavilion At Jio World Drive

NESPRESSO has announced the next step in its retail expansion with the launch of its first-ever store in Mumbai, now open at Jio World Drive, Bandra Kurla Complex. The launch marks NESPRESSO’S official retail entry into Mumbai, one of India’s key cultural and commercial hubs.

As demand for premium, in-home coffee experiences continues to grow and consumers become ever more discerning in their choices, Mumbai stands out as a pivotal market for the brand's next phase of growth. The expansion into Jio World Drive enhances accessibility, allowing a wider audience to experience NESPRESSO'S distinctive craftsmanship, innovation, and one-of-a-kind coffee experience firsthand. NESPRESSO’S extensive range of coffees, machines, and accessories across all channels in India is made available through M/s Thakral Innovations Pvt. Ltd, NESPRESSO'S partner in India. Beyond distribution, Thakral Innovations has been instrumental in shaping and realising NESPRESSO'S vision in the Indian market, ensuring that the brand experience remains seamless at every touchpoint.

Mr. Manish Tiwary, Chairman and Managing Director, Nestlé India, said: "Mumbai has always been a city that embraces excellence, and we are proud to bring the world of NESPRESSO to its discerning coffee lovers. This pavilion is an invitation to discover, taste, and connect with exceptional coffee in an entirely new way. As we continue to expand NESPRESSO'S footprint across India, Mumbai represents a natural and exciting next step in that journey."

Mr. Renaud Tinel, Head of Zone Asia Pacific, NESPRESSO, said: " India is not just a growth market for NESPRESSO, it is a strategic priority. The appreciation and love Indian consumers have shown for the brand has been truly humbling, and it strengthens our resolve to keep raising the bar. With every new touchpoint we build, we are deepening our presence and making the world of NESPRESSO more accessible. We are committed to meeting the ambitions of this extraordinary market with the excellence NESPRESSO stands for, and Mumbai is a proud milestone in that journey — one that signals much more to come."

Building on the momentum of its recent Gurugram expansion, the Mumbai pavilion is NESPRESSO'S third store in India, reflecting the brand's accelerating footprint across the country. This pavilion introduces a more dynamic, city-specific retail approach. Distinct from a café, the pavilion has been conceptualised as an immersive store experience within an open atrium, where accessibility meets exceptional coffee culture. It engages both new and existing consumers through discovery, education, and sensorial exploration, with personalised consultations that decode individual taste profiles and guide informed decision-making.

Coffee lovers are invited to visit and discover the world of NESPRESSO and embark on a journey of exceptional taste by visiting the new NESPRESSO pavilion in Jio World Drive, Bandra Kurla Complex and they can also visit the online boutique: https://www.nespresso.com/in/en/.

About NESPRESSO:

Nestlé NESPRESSO SA is a pioneer and is widely regarded as one of the top references in the field of high-quality portioned coffee. The company works with more than 168,000 farmers in 18 countries through its NESPRESSO Sustainable Quality Plan to embed sustainability practices on farms and the surrounding landscapes. Launched in 2003 in collaboration with the NGO Rainforest Alliance, the program helps to improve the yield and quality of harvests, ensuring a sustainable supply of high-quality coffee and improving the livelihoods of farmers and their communities.

In 2022, NESPRESSO Achieved B Corp™ certification – joining an international movement of over 9,000 purpose-led businesses that meet B Corp’s high standards of social and environmental responsibility and transparent. Headquartered.    

Bhartiya Mall Of Bengaluru Brings A Creative & Fun-Filled May For Families And Kids

This May, The Bhartiya Mall of Bengaluru transforms into a vibrant playground of creativity, music, and unforgettable family experiences with an exciting line-up of workshops and a high-energy Kids DJ party. From engaging art sessions to an electrifying evening with young DJ sensation Lil Aarohi behind the console, the mall promises rhythm and entertainment for children and parents alike.

DJ Lil Aarohi Takes Over BMOB

DJ Lil Aarohi, one of India’s youngest award-winning DJ talent, will bring an energetic mix of music and entertainment to an exclusive Kids DJ Party at Bhartiya Mall of Bengaluru. Recognised by the Guinness World Records and the India Book of Records, Aarohi promises an exciting evening filled with music, dance, and interactive entertainment for children and parents alike. Designed as a lively family celebration, the event invites parents and kids to come together and enjoy a fun-filled party experience at the mall.

“Make It In May” Brings Creative Workshops to Bhartiya Mall of Bengaluru.

Adding to the excitement “Make It In May” workshop series will offer visitors an interactive experience through hands-on sessions in Macramé Art, a decorative knotting technique; traditional Lippan Art, inspired by Gujarat’s iconic mud-and-mirror craft; and expressive Doodle Design, encouraging free-flowing creativity and playful illustration. Designed for all age groups, the workshops promise a fun and artistic way to unwind and explore creativity.

 

Event	Date	Time	Venue	Entry
Macramé Art	15th May 2026	5:30 PM	Upper Ground Floor	BookMyShow
Lippan Art	22nd May 2026
Doodle Design	29th May 2026
Kids DJ party	17th May 2026	6:30 PM	Terraces, Bhartiya Mall of Bengaluru	Rs 149 (1 Kid + 1 Parent)

                                                                                                                                                       
With immersive workshops and experiential entertainment, BMOB continues to strengthen its positioning as a lifestyle destination offering community-driven experiences for Bengaluru families.

A North-West Frontier Legacy Arrives At Trinity Square, Taj MG Road, Bengaluru

The celebrated Terracotta from Vivanta Whitefield brings its rich culinary legacy to the heart of the city with an exclusive residency at The Trinity Square, Taj MG Road, Bengaluru. From 14th to 22nd March 2026, this limited-period showcase presents a refined dining experience rooted in the regal traditions of Awadh and the bold, robust flavours of the North-West Frontier.

Drawing from heirloom recipes and time-honoured techniques, the pop-up celebrates slow-cooked gravies, charcoal-fired kebabs, and fragrant biryanis crafted with precision and depth. The ambience reflects understated luxury, inspired by royal durbars and the warmth of traditional clay ovens with earthy terracotta tones, subtle Awadhi accents, and elegant table styling designed to evoke intimacy and timeless Indian hospitality.

The curated buffet and à la carte selection features signatures such as Mathania Murgh Tikka, Gosht ki Seekh, Awadhi Gosht, Lagan ka Murgh, and the aromatic Awadhi Gosht Biryani. Vegetarian offerings include Kathal ka Kofta and Vegetable Mawa Pulao, while traditional desserts like Sewiyan Muzaffar and Garlic Kheer provide a rich, nostalgic finale.

Designed for discerning diners, luxury lifestyle patrons, corporate tastemakers, and culinary enthusiasts, the residency offers an elevated regional Indian dining experience within Taj MG Road’s premium setting. Experience a journey through royal kitchens and frontier flavours, where heritage travels, and tradition finds a new home at Taj MG Road.

Venue: The Trinity Square, Taj MG Road, Bengaluru
Dates: 20 May – 30 May 2026
Lunch: 12:30 PM – 3:00 PM
Dinner: 7:00 PM – 10:30 PM
Price: Lunch – ₹2,750 + taxes | Dinner – ₹2,950 + taxes.

High-res image: Terracotta Pop up.jpg

The Climate Pledge, Launches Blueprint To Electrify India's Freight Highways In Collaboration With C40 Cities

* The Climate Pledge is Co-Founded By Amazon
* Building on 20 priority highways identified by the Ministry of Heavy Industries, the National EV Highway Guidance Framework is India’s first evidence-based roadmap for transitioning freight from diesel to zero-exhaust-emission trucks
* The Framework draws on insights from real-world pilot projects, including a 6,500 km electric-truck run across the Golden Quadrilateral, and outlines a roadmap to make India’s highways EV-ready by 2035.

The Climate Pledge (TCP), co-founded by Amazon, today published India’s first evidence-based roadmap for shifting freight transport from diesel to zero-exhaust-emission battery electric trucks (BETs) in collaboration with C40 Cities (a network of around 100 cities worldwide working on climate action).

The National EV Highway Guidance Framework recommends a phased plan to electrify India’s busiest freight routes by 2027, beginning with 20 priority highways identified by the Ministry of Heavy Industries, expanding to industrial centres and ports and ultimately creating a seamless, EV-ready national freight network by 2035 (“Framework”).

Why this Framework Matters

India’s freight demand is expected to grow significantly in the coming years, increasing the need for cleaner transport solutions. Road transport already accounts for nearly 70% of goods movement in the country, while medium and heavy-duty trucks, despite making up just 3% of vehicles on the road, contribute around 53% of particulate emissions. With demand projected to grow over four-fold by 2050, scaling electric freight will be key to reducing emissions and improving efficiency. This Framework outlines practical pathways, aligned with the Government’s focus on electrification and sustainable mobility, and India’s commitment to achieving net-zero emissions by 2070.

“India’s transition to cleaner freight will require strong collaboration across government and industry. The EV Highway Guidance Framework launched under the Laneshift program today is an important step in this direction and will help create a scalable pathway for electric trucking in the country. Through the e-FAST India platform, NITI Aayog has been bringing together logistics operators, OEMs, energy providers, and financial institutions to build an enabling ecosystem for freight electrification. Building on these efforts, partnerships led by C40 Cities, The Climate Pledge, and private sector stakeholders such as Amazon and Ashok Leyland demonstrate how collaborative action can help move electric freight from pilots to large-scale deployment.” said Dr. O.P. Agarwal, Distinguished Fellow, NITI Aayog.

“We continue to invest in making our operations more sustainable, and electrifying our logistics is a key part of that effort. Through The Climate Pledge, we are also working with stakeholders to help scale electric freight solutions more broadly in India. The project findings and framework are encouraging, and reinforce the importance of continued collaboration between government and industry to accelerate adoption,” Abhinav Singh, VP, Operations, India and Australia, Amazon.

From Pilot Project to Policy

The Framework draws insights from Laneshift pilot project, led by C40 Cities and The Climate Pledge, by bringing together truck manufacturers, fleet operators, logistics providers, and financiers to test electric freight. As part of the project, electric trucks completed 600 trips on the Bengaluru–Chennai corridor, covering over 200,000 km across sectors, generating insights on performance, reliability and cost, and supporting early adoption through long-term contracts. To assess scalability, the project also undertook a 6,500-km pilot along the Golden Quadrilateral, connecting Delhi, Mumbai, Chennai, and Kolkata.

Laneshift project demonstrated operational viability of electric freight across all use cases, and commercial viability for operations exceeding 400 km per day. The project saw 4.2-times increase in electric truck orders and the securing of long-term commercial contracts[1] , signaling growing market confidence.

“Decarbonizing freight is not a future ambition; it is an immediate economic and public health imperative for the country. Laneshift has shown that zero-exhaust-emission trucks can operate commercially on long-haul corridors, that costs are coming down, and that when the right stakeholders align their efforts, barriers give way. India has the scale, the policy momentum, and the industry appetite to be the next frontier,” said Naim Keruwala, Regional Director for South and West Asia at C40 Cities.

The Framework identifies key areas for action across infrastructure, demand, and operations. The full report is available at c40knowledgehub.org

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfilment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit aboutamazon.in and follow @AmazonNews.

About The Climate Pledge

The Climate Pledge, co-founded by Amazon and Global Optimism, is a goal to reach net-zero carbon by 2040. It brings the world’s top companies together to accelerate joint action, cross-sector collaboration, and responsible change. For more information, visit theclimatepledge.com.

About C40 Cities

C40 is a network of nearly 100 mayors of the world’s leading cities working to deliver the urgent action needed right now to confront the climate crisis and create a future where everyone, everywhere, can thrive. Mayors of C40 cities are committed to using a science-based and people-focused approach to limit global heating in line with the Paris Agreement and build healthy, equitable and resilient communities. We work alongside a broad coalition of representatives from labour, business, the youth climate movement and civil society to support mayors to halve emissions by 2030 and help phase out fossil use while increasing urban climate resilience and equity.

The current co-chairs of C40 are Mayor Sadiq Khan of London, United Kingdom, and Mayor Yvonne Aki-Sawyerr of Freetown, Sierra Leone; three-term Mayor of New York City Michael R. Bloomberg serves as President of the Board. C40’s work is made possible by our two strategic funders: Bloomberg Philanthropies and Realdania.

To learn more about the work of C40 and our cities, please visit our website or follow us on X, Instagram, Facebook and LinkedIn.  

The Mosquito Agarbatti You Light Every Night Is Dangerous Than Dengue-Causing Mosquito

* Illegal mosquito agarbattis are as dangerous as dengue, warn 70% of doctors

A comprehensive public health study by Home Insect Control Association (HICA), a non-profit industry body that promotes the safe use of household insecticides in India released ahead of National Dengue Day (May 16), reveals that illegal mosquito repellent agarbattis have emerged as a bigger and immediate health threat than the mosquito-borne diseases like dengue, malaria they are meant to prevent. Commissioned by Home Insect Control Association (HICA), the research was conducted by Kantar, the market research company. While 95% of households surveyed did not report any mosquito-borne diseases like malaria or dengue in the past year, 70% of doctors classify illegal mosquito agarbattis containing unapproved chemicals as a "major respiratory hazard". comparable, according to 67% of doctors, to the health risks posed by cigarette smoke.

The survey was recently conducted across 12 cities among 1,264 households and 405 doctors, including pulmonologists, paediatricians, general physicians and gynaecologists, and highlights a growing health crisis inside Indian homes driven by the widespread use of illegal mosquito agarbattis.

The scale of the problem is significant. The mosquito repellent agarbatti market in India is valued at approximate ₹2,000 crore, with up to 85% dominated by illegal or unregulated players - products that carry no government approval, no mandatory Central Insecticides Registration (CIR) label, and no clear ingredient disclosure. These products are commonly sold under names such as Comfort, Sleepwell, Relax, Sun-Relax, Subhanithra, Hunting Tiger, High Voltage, Happy Night, Dengue Killer and Hi-Power, often without regulatory approvals or clear ingredient disclosures. Yet 59% of Indian households report using such products, with half doing so daily for more than three years.

Adding to this, Jayant Deshpande, Secretary & Director of the Home Insect Control Association (HICA) said, “A huge share of mosquito agarbattis sold at local stores and chemist outlets is untested, illegal, and lacks the mandatory CIR registration number. Consumers should look for products that clearly display the CIR registration number and avoid those with vague claims or missing regulatory disclosures."

Doctors surveyed paint a concerning picture of what prolonged exposure is doing inside homes. 84% link the regular use of illegal mosquito agarbattis to rising household healthcare costs. Adding to the concern is a widespread perception gap. 48% of consumers consider a product safe simply because it is sold at a chemist, a belief that 56% of doctors specifically flag as dangerous. A further 50% of consumers believe herbal or citronella-based variants are safe, while 66% of doctors say such products carry even higher risks due to misleading claims and the absence of any regulatory oversight.

The survey highlights a significant awareness gap, with nearly 55% of doctors noting that families are unaware of safer, approved alternatives and continue to rely on easily available illegal mosquito agarbatti despite the risks.

Commenting on the insights from the Kantar report, Dr. Sanjith Saseedharan Director - Critical Care, S.L. Raheja Hospital, Mahim - A Fortis Associate said, “While mosquito repellent is vital to safeguard infections like dengue fever, one must be careful to avoid constant exposure to smoke emanating from these products, including mosquito agarbattis. The problem arises because some of the mosquito repellents sold in the market do not meet the required standard since some products can contain toxic substances like pyrethroids, organophosphates, heavy metals, and other compounds that can irritate the respiratory tract. Respiratory problems and allergies caused by these illegal mosquito agarbattis are becoming more common among those who use them continuously at home.

Vulnerable groups include children, older adults, patients with asthma, and people suffering from COPD, as inhaling these fumes can exacerbate respiratory complications and lead to constant coughing, wheezing, and difficulty breathing due to respiratory irritation. Something that is believed to provide a cheap and safe solution can actually pose serious health hazards in case of constant exposure. It would be best for people to use mosquito repellents that are safe and approved by the authorities & have undergone safety testing indoors.”

The findings highlight the need for greater awareness and informed decision-making among consumers, as well as stronger enforcement against unregulated products, to ensure that everyday mosquito protection does not come at the cost of long-term health.

About HOME INSECT CONTROL ASSOCIATION (HICA)

HOME INSECT CONTROL ASSOCIATION (HICA) is a premier organization established 1995 in Mumbai to give impetus to the domestic Home Insecticides sector, to facilitate the members of the association for the overall safety of the environment and to educate the public about the healthy and proper use of the home insecticides for a pest free life.

For more details, visit https://www.hica.co.in/  

Zydus And Assertio Holdings Enter Into An Agreement For Zydus To Acquire Assertio In All-Cash Tender Offer

* Assertio is focused on specialty and oncology supportive-care therapies

Zydus Lifesciences Limited (“Company”), an innovation-led global lifesciences company, today announced that Zydus Worldwide DMCC (“Zydus Worldwide”) , a subsidiary of the Company has signed a definitive agreement, through its wholly owned acquisition subsidiary Zara Merger Sub Inc., (“Zara”) (Zydus Worldwide, Zara and the Company are collectively referred to as “Zydus”) with Assertio Holdings, Inc. a U.S.-based pharmaceutical company focused on specialty and oncology supportive-care therapies (NASDAQ: ASRT) (“Assertio”), to acquire all outstanding shares of Assertio for USD 23.50 per share in cash, representing total consideration of approximately USD 166.4 million on a fully-diluted basis, calculated using the treasury stock method.

The acquisition provides Zydus with an established U.S. specialty oncology commercial platform, anchored by Assertio’s presence in oncology supportive care. Assertio’s portfolio includes ROLVEDON® (eflapegrastim‑xnst), approved as a BLA by USFDA for long‑acting G‑CSF biologic for the prevention of febrile neutropenia in adult cancer patients receiving myelosuppressive chemotherapy. ROLVEDON® is administered once per chemotherapy cycle in the oncology supportive‑care market. Zydus intends to leverage Assertio’s focused commercial infrastructure and oncology relationships to build and expand its specialty oncology presence in the U.S.

Under the terms of the merger agreement, Zydus will commence a tender offer to acquire all outstanding shares of Assertio common stock. The transaction is structured as a tender offer to be followed by a merger, subject to customary closing conditions, including the tender of shares representing at least a majority of the total number of outstanding shares of Assertio common stock. Following the successful completion of the tender offer, Zydus will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price paid in the tender offer.

The tender offer is expected to commence within five business days following the date of the merger agreement. The transaction is expected to close in the financial year 2026-27, subject to satisfaction of all closing conditions.

Speaking on the development, Dr. Sharvil P. Patel, Managing Director, Zydus Lifesciences Limited, said, “This transaction represents a strategic step in strengthening our specialty and oncology footprint in the U.S. Assertio brings a focused commercial platform and an approved oncology asset that aligns well with our long-term strategy of building differentiated, durable specialty businesses globally.”

Paul Weiss, Rifkind, Wharton & Garrison LLP is serving legal counsel to Zydus. Moelis & Company LLC is serving as financial advisor to Assertio and Gibson, Dunn & Crutcher LLP is serving as its legal counsel.

Tata Motors Limited (Formerly TML Commercial Vehicles Ltd.) Q4 & Full Year FY26 Results

* CV Standalone Financials: Focus on profitable growth drives robust financial results

* Q4: Revenue ₹24.5K Cr (+22%), EBITDA at ₹3.4K Cr (+35%), PBT (bei) ₹3.0K Cr (up ₹1,089 Cr)

* FY26: Revenue ₹77.4K Cr (+11%), EBITDA at ₹10.2K Cr (+22%), PBT (bei) ₹8.7K Cr (up ₹2,721 Cr), FCF ₹9.2K Cr (up ₹2.2K Cr)

Tata Motors Ltd. (TML) announced its results for quarter and year ending March 31, 2026.

STANDALONE INCLUDING JOINT OPERATIONS TATA CUMMINS – Key financials

 

	Q4 FY25	Q4 FY26	FY25*	FY26	Q4 vs Q4	FY26 vs FY25
					YoY	YoY
Revenue (Rs. Cr.)	19,999	24,452	69,419	77,399	4,453 (+22%)	7,980 (+11%)
EBITDA %	12.60%	13.90%	12.0%	13.20%	130 bps	120 bps
EBIT %	9.90%	12.10%	9.20%	11.00%	220 bps	180 bps
PBT (bei) (Rs. Cr.)	1,883	2,972	5,961	8,682	1,089 (+58%)	2,721 (+46%)
FCF (Rs. Cr.)	5,352	4,016	7,007	9,186	(1,336)	2,179

 

*Q1 FY25 numbers included within FY25 numbers are derived

Summary:

Tata Motors Standalone delivered a record Q4 FY26 performance and a strong full year, underpinned by disciplined execution and focus on profitable growth. Quarterly revenue stood at ₹24.5K Cr (+22%), with EBITDA at ₹3.4K Cr (+35%). The Company achieved teens EBITDA margin at 13.9% (+130 bps), ahead of its mid-term guidance. EBIT margin expanded to 12.1% (+220 bps), aided by higher volumes, improved realizations and continued cost efficiencies, partially offset by higher input costs. PBT (bei) for the quarter stood at ₹3.0K Cr (+58%). Profit after tax for the quarter was ₹2.4K Cr (+70%).

For the full year FY26, revenue stood at ₹77.4K Cr (+11%), with EBITDA of ₹10.2K Cr (+22%) and EBITDA margin at 13.2% (+120 bps). EBIT margin for FY26 stood at 11.0% (+180 bps). PBT (bei) for the full year came in at ₹8.7K Cr (+46%). Profit after tax for the year was ₹3.4K Cr (-23%) including the impact of ₹3.7K Cr on account of exceptional items pertaining to Mark-to-Market losses on account of listed investments in Tata Capital, New Labor Code, demerger related costs etc.

Strong operational performance and efficient working capital management through the year resulted in consistent growth in full year Free Cash Flow of ₹9.2K Cr (+₹2.2K Cr). Net cash for the domestic business stood at ₹7.5K Cr as of March 31, 2026. The Company's disciplined approach to capital allocation has led to an industry-leading Auto ROCE of 72% in FY26 (vs. 61% in FY25).

Consolidated financials: Consolidated revenues for Q4 FY26 stood at ₹26.1K Cr (+19%). EBITDA margin stood at 13.1% (+150 bps) while EBIT margin came in at 11.5% (+230 bps). PBT (bei) for the quarter was ₹2.4K Cr (+29%) and Profit after tax stood at ₹1.8K Cr (+35%). As at March 31, 2026, the Company was Net Cash positive at ₹13.7K Cr. This included TMF Holdings gross debt less market value of TMF Holdings investments in Tata Capital Ltd.

For the full year FY26, consolidated revenues stood at ₹83.9K Cr. EBITDA margin was 12.3% and EBIT margin was 10.2%. Full year PBT (bei) was ₹6.1K Cr (+7%) while Profit after tax stood at ₹3.0K Cr (-24%), including the impact of ₹1.4K Cr. on account of exceptional items pertaining to New Labor Code, demerger related costs etc.

Dividends: The Board of Directors has recommended a final dividend of ₹ 4/- per share subject to approval by the shareholders.

Corporate Actions:

Iveco update: The regulatory approvals for the proposed acquisition of Iveco are currently underway with most of the approvals already received. Last pending approvals are being actively pursued for the earliest closure. Given this, Tata Motors expects to complete the transaction by Q2 FY27.

Business Highlights for the year:

CV segment wholesales for Q4 FY26 stood at 132K units (+25%). For FY26, total wholesales were 428K units (+14%). Domestic & Export volumes were up by 12% and 54% YoY respectively for the full year.

Overall domestic CV VAHAN market share for FY26 stood at 35.7%. HCV 55.0%, ILMCV 39.5%, SCV 26.8%, Passenger 36.4%

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

Launched Ace Pro range: India’s most affordable 4-wheel mini-truck; empowering India’s next wave of entrepreneurs

Secured its biggest order for 70,000 Yodha and Ultra T.7 Vehicles for Deployment in Indonesia

Won pan-India orders of over 5,000 buses from multiple State Transport Undertakings

Pantnagar plant wins prestigious Golden Peacock award for quality

Won Top honours across multiple segments at the Apollo CV Awards 2026

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

“FY26 marked a clear inflection point for the commercial vehicles industry, with volumes surpassing the pre‑FY19 peak, supported by GST 2.0 reforms and sustained infrastructure spending. For Tata Motors Commercial Vehicles, FY26 was a landmark year as we delivered milestones of revenues and profits and reinforced industry leadership and strengthened our market position. Looking ahead, the underlying demand fundamentals remain resilient despite geopolitical uncertainties signaling some moderation in the near term. With strong business fundamentals, proactive risk mitigation, disciplined execution and a refreshed portfolio offering industry‑leading TCO and smart digital solutions, we remain agile and well positioned to sustain momentum through customer‑centric solutions to create long‑term stakeholder value.”

GV Ramanan, CFO, Tata Motors Ltd. said:

“FY26 marked a strong financial performance with robust EBITDA, profit and free cash flow. EBITDA margins in Q4 FY26 crossed ‘teens’ at 13.9% while full year FCF translated to ~12% of revenue, well ahead of our 2027 target. These deliverables reflect sustained structural improvements and efficient capital and cost management. Our robust cash position gives us the flexibility to pursue disciplined capital allocation while continuing to deliver meaningful returns to shareholders. While near term headwinds including commodity cost pressures are expected to persist, we remain confident in our ability to navigate these challenges through operational efficiency, pricing discipline, and proactive supply chain management.”

Additional Commentary on Financials (Consolidated Numbers, Ind AS)

Finance Costs dropped to ₹166 Cr in Q4 FY26 vis a vis ₹319 Cr in Q4 FY25.

Free Cash Flow for the quarter and full year FY26 was at ₹8.0K Cr and ₹12.4K Cr respectively (including advance received for Indonesia order) vis a vis ₹5.3K Cr in Q4 FY25 and ₹5.9K Cr in FY25. Net cash as at 31st March 2026 was ₹13.7K Cr (including leases ₹798 Crore).