Q1-FY24 · Richard Molyneux
This is the highest EBIT that we have achieved in 6 years, and EBITDAR, 16.3%. That is the highest EBITDAR that we have achieved in eight years.
TATAMOTORS / language trends
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Tata Motors · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q1-FY24 · P.B. Balaji
We do aim to sustain on this performance and deliver a strong performance on a full year basis. The priorities for the respective businesses are clear, we intend to execute them flawlessly.
Q1-FY24 · Girish Wagh
We are going to grow profitably. That is the target that we have set for ourselves.
Q1-FY25 · Richard Molyneux
We are convinced the best is still to come.
Q1-FY25 · Richard Molyneux
New Jaguar will be a copy of nothing. It will be exuberant, modernist, unique, fearless, and very progressive.
Q1-FY25 · P.B. Balaji
We are confident of sustaining the performance in the coming quarters and delivering a strong year.
Q1-FY26 · Richard Molyneux
A quarter significantly impacted by U.S. tariffs, the partly associated dollar weakening, and historical warranty adjustments.
Q1-FY26 · Shailesh Chandra
We are very committed to bringing it back to the double-digit EBITDA level. The next one or two quarters will be challenged, but the operating leverage coming back, model mix improving from here on, the potential price increase in H2 of the year, I think all these are going to help us.
Q1-FY26 · P.B. Balaji
Despite a tough quarter in terms of numbers, growth-wise, I think cash profit after tax ahead of investment spend, so prudence continues.
Q2-FY24 · Richard Molyneux
We are setting records, we're delivering well. Our H1 cash flow is a record by GBP 250 million.
Q2-FY24 · PB Balaji
This business is now nearing the double-digit EBITDA that we had once had an aspiration for. This aspiration has turned into reality.
Q2-FY24 · Shailesh Chandra
The biggest opportunity I see is that 75% of the sales of EVs today is coming from only 25 cities. So all the manufacturers, including us, are yet to expand into the larger part of the country.
Q2-FY25 · Richard Molyneux
We are holding our guidance, but with very limited headroom left.
Q2-FY25 · Richard Molyneux
We will not be returning to the old model. We will be focusing on Range Rover, Range Rover Sport, Defender, new Jaguar, and Discovery to drive value ahead of volume.
Q2-FY25 · Shailesh Chandra
We took a conscious decision to rather cut the prices rather than keep the discount very heavy because it impacts the brand.
Q2-FY26 · Dhiman Gupta
The loss in operating leverage, carryover of U.S. tariff impact from Q1 and increase VME flowed through every other financial metric resulting in a PBT loss of INR 5,500 crore for the quarter.
Q2-FY26 · Richard Molyneux
We anticipate VME levels to stay elevated for some time.
Q2-FY26 · Richard Molyneux
The production losses we've experienced will also impact quite heavily on Q3. It's only in Q4 as our pipeline fill completes that we'll return to normal.
Q3-FY24 · PB Balaji
We see this as one of consistent delivery six quarters in a row, and that gives us tremendous satisfaction that we are executing on our strategies in all our businesses.
Q3-FY24 · Richard Molyneux
It's not often you get to present a chart like this, every metric up versus every comparator, and it goes to show that we are now consistently delivering in line with our commitments.
Q3-FY24 · Richard Molyneux
This car is gonna be the ultimate Range Rover. It'll be technically peerless.
Q3-FY25 · Richard Molyneux
We are holding full-year guidance for EBIT margin and net cash positive. It does mean we need a stellar Q4, but seasonality is always strong for us in Q4.
Q3-FY25 · P.B. Balaji
The question on market share in EVs is probably less relevant at this stage. Penetration of EVs in the overall... the game is against how do you upgrade customers from ICE into EVs.
Q3-FY25 · Richard Molyneux
We are in that period at the moment where you have no choice but to be investing in parallel in ICE, in PHEV, potentially in REEV, and in BEV. The longer that period extends, the more difficult it is to make investment decisions.
Q3-FY26 · Richard Molyneux
The environment in which we are operating has changed rapidly and almost universally in an adverse direction.
Q3-FY26 · Richard Molyneux
This is not a short-term boom-bust cycle. This is structural and permanent in China.
Q3-FY26 · Shailesh Chandra
We are clearly in a ramp-up phase... the waiting period, which today would be, say, around six to seven months, should progressively come down.
Q4-FY24 · Richard Molyneux
This is the Range Rover with a BEV powertrain. BEV happens to give the exact combination of power, quietness, and serenity that is perfect for the Range Rover brand.
Q4-FY24 · Shailesh Chandra
We have been very clear, one, that this is speculation that the hybrids are going to get any benefit from a GST perspective.
Q4-FY24 · P.B. Balaji
The business is now structurally different to what it was earlier, and therefore, there's resilience built in, in each of the businesses.
Q4-FY25 · Richard Molyneux
We have launched a series of special focus programs or missions to protect EBIT from the threats of tariffs and the other threats that we face.
Q4-FY25 · Richard Molyneux
It will be inappropriate for us now to give firm earnings guidance at FY 2026, today, less than a week after the framework of the U.S.-U.K. trade deal was announced.
Q4-FY25 · Shailesh Chandra
Our aim with all the actions that we are going to take... should help us keep our market shares above 50% in mid-term.
Q4-FY26 · Raman
Our revenue improved 11% YoY in FY26. The underlying demand trajectory has been firmly upward.
Q4-FY26 · Girish Wagh
We have taken a 2% price increase in April, but we have decided to not pass on the entire commodity increases because we don't want to impact the demand momentum.
Q4-FY26 · Girish Wagh
We will have to take quarter by quarter rather than projecting for the whole year with the kind of events we are challenged with.