Tata Motors Limited conducted its Investor Day 2025 on June 9, 2025, presenting its financial performance, strategic outlook, and business updates.

• The company delivered a strong turnaround in FY25, with revenue of ₹4,40,000 crore, PBT (before exceptional items) of ₹34,300 crore, and free cash flow of ₹22,400 crore. The Group turned net cash positive with ₹1,000 crore cash, and ROCE reached 17.6%.
• Commercial Vehicles (CV) Business: The CV segment delivered on most commitments. In FY25, it achieved an EBITDA margin of 11.8%, Capex of ₹1,900 crore (2.8% of Revenue), Free Cash Flow of ₹7,400 crore (10% of Revenue), and ROCE of 37.7%. The outlook for CV by 2027 targets a 40% market share, teens EBITDA, Capex of 2-4% of Revenue, and FCF of ~7-9% of Revenue, sustaining high ROCE.
• Passenger Vehicles (PV) Business: FY25 was a year of consolidation, with the company aiming to step up the pace. The PV segment recorded an EBITDA margin of 8.1%, Capex of ₹2,800 crore (5.8% of Revenue), and Free Cash Flow of approximately ₹1,000 crore.
• Electric Vehicles (EV) Business: Tata Motors maintained its leadership with over 55% market share. The EV business achieved an EBITDA of 1.2% and Capex of ₹1,600 crore. Tata Motors Smart City Mobility Solutions achieved positive EBITDA for both FY24 and FY25, cumulatively deploying over 3,600 electric buses until FY25.
• Corporate Actions: The company completed several corporate actions, including ADR Delisting, DVR Cancellation, divestments in non-core businesses (value unlock in TTL, TMF merger with TCL), and deleveraging, leading to the TML Group turning net cash positive in FY25. The upcoming demerger was also highlighted.
• Credit Ratings: Credit ratings continued to improve across agencies, with S&P Global, Moody’s, Crisil, and ICRA showing upgrades.