Tata Motors is spearheading the transition to sustainable, connected and safer mobility. Combining its core strength of engineering with cutting-edge technologies and its human centric design philosophy, the Company is re-imagining its entire product portfolio, value chain and operations to offer holistic solutions and augmented experiences to its customers, in line with their aspirations and lifestyle. The Company is also investing in world-class, new age powertrains to deliver low emissions and superior performance, and is strategically well positioned to offer multiple green fuel options powered by CNG, electric and hydrogen— across segments.
Read moreThe Tata Motors Group is a leading global automobile manufacturer, offering an extensive portfolio of smart, integrated, and e-mobility solutions encompassing cars, utility vehicles, trucks and buses.
Read MoreGROUP REVENUE ` in crore
PROFIT AFTER TAX
PATENTS FILED (TML)
PRESENCE
R&D SPENDS
MANUFACTURING FACILITIES
COLLECTIVE WORKFORCE STRENGTH
At Auto Expo 2023, we showcased 14 vehicles and concepts that will define our journey towards a sustainable future, and enable our customers to make a seamless transition to clean and commercially viable mobility solutions.
Read MoreIndia's first Hydrogen ICE powered
concept truck
India's first Hydrogen fuel cell powered Tractor concept
India's first Hydrogen fuel cell bus for commercial application
(7 to 19T range), underpinned by the new generation architecture for I&LCVs, with all new exteriors and interiors
(28 to 55T range), underpinned by the new generation, all‑energy architecture and modern cabin
The next generation digital platform
Bouquet of value added services
Online marketplace for spares and consumables
Zero emission last mile distribution small commercial vehicle
State-of-the-art, Zero emission, Urban public transport solution
Zero emission, battery electric smart logistics city truck for intracity high‑capacity urban cargo transportation
Electrified version of India's favourite last‑mile passenger transport
Zero emission versatile tipper concept for mining and closed loop applications
(long range) - new CNG powered pick‑ups
India's first LNG Tipper for heavy duty applications
Premium version of popular Winger with luxurious interiors that re-defines the ride comfort
Unveiled new league of #DARK products with an adaptive User Interface boasting a new look and feel, a desirable larger Infotainment Screen of 26.03 cm and 10 new ADAS features
Unveiled new league of #DARK products with an adaptive User Interface boasting a new look and feel, a desirable larger Infotainment Screen of 26.03 cm and 10 new ADAS features
Altroz and Punch iCNG versions, with advance features and India’s first twin-cylinder CNG technology with no compromise on boot-space
Altroz Racer is the performance avatar of the ALTROZ with race car-inspired design combined with exhilarating performance
ICE version of the Concept CURVV, merges robust appeal of SUV with the perfect balance between elegance, performance and practicality
Launched in FY 2022-23, Tiago EV has accelerated the EV adoption by making it accessible to masses. Received strong response with around 10,000 bookings on the first day
HARRIER EV, a Bold, Powerful, Intelligent, Electric All-wheel drive SUV, born of legendary pedigree, offers an extraordinary exterior design and future ready connectivity. This 5 seater monocoque SUV is engineered on the OMEGA Architecture, derived from the legendary Land Rover D8 architecture and developed in collaboration with Jaguar Land Rover. With HARRIER EV we are extending this pedigree to the Gen 2 EV architecture, delivering an uncompromised range and top-notch advanced features
AVINYA concept, an expression of a pure electric vehicle built on the GEN 3 architecture – introduces a new typology of mobility that liberates enormous roominess and comfort. With this, TPEM is all set to unleash a new breed of EVs that will redefine the automobile space. This path-breaking EV will be introduced to the market by 2025
It is my privilege to write to you and present the Integrated Annual Report of Tata Motors Ltd. for financial year 2022-23. As I mentioned in my letter last year, recent history has been relentless with the global pandemic, military conflict, growing inequality, supply chain shortages and more.
Tata Motors is emerging stronger after many challenging years and will remain focused on meeting its financial commitments while sowing the seeds for a greener future.
In FY 2022-23, the business recorded strong financial performance as all three
core auto
businesses
turned profitable in H2
Urban mass mobility has witnessed great change, turning greener and versatile. We are an active catalyst in driving this change. From successfully running India’s largest fleet of modern, eco-friendly buses in several cities to providing thousands of all-electric sedans to leading taxi service providers, we are ensuring that the EV revolution is all inclusive.
We are India's largest CV manufacturer with the widest product and service portfolio catering across cargo and passenger mobility segments. In FY 2022-23, we continue to strengthen our position with superior product and technologies, expanding sales and service network and by providing a range of value-added services.
Tata Motors is the third-largest player in India’s PV space. Our PV offerings include various body styles, powertrain options of Petrol, Diesel and CNG , and are equipped with new features that deliver enhanced safety, drivability, comfort and convenience.
Tata Motors is the largest player in India’s EV space. In a short period of 3 years, we have increased our volumes from ~ 1.3K to ~50K vehicles and established ourselves as strong market leader with around 84% VAHAN market share in this evolving space.
JLR, known for its premium vehicles and exceptional driving experiences, is guided by innovation and sustainability. With significant investments in electric vehicles, JLR is at the forefront of creating an eco‑friendly transportation future while continuing to deliver on luxury and performance.
EQUITY CAPITAL INCL. RESERVES
INVESTMENT SPENDING
NET AUTOMOTIVE DEBT
MANUFACTURING FACILITIES
R&D/ENGINEERING AND DESIGN CENTRES
MANUFACTURING AND ENGINEERING FACILITIES WORLDWIDE
TECHNOLOGY HUBS
R&D SPEND
Design applications
Patent applications
TRAINING AND DEVELOPMENT SPEND
SPECIALISED TRAINING AND DEVELOPMENT
TOTAL EMPLOYEES
Supplier assessments and screening through sustainable supply chain initiative
CSR SPEND
VOLUNTEERED BY EMPLOYEES FOR ACTIVITIES
SPECIFIC DIRECT ENERGY CONSUMED
SPECIFIC INDIRECT ENERGY CONSUMED
SPECIFIC TOTAL ENERGY CONSUMED
WATER WITHDRAWAL
By FY24, we aim to become the most aspirational Indian automotive brand, consistently winning, by:
Be Bold | Own It | Solve Together | Be Empathetic |
---|---|---|---|
Agility | Empowerment | Accountability | Embracing Diversity |
Risk taking | Owner’s mindset | Collaboration | Passion for Customers |
Cars and Sport Utility Vehicles
Truck and Buses
Passenger Vehicles (incl. EVs)
5,40,965
UNITS SOLD
Commercial Vehicles
4,22,637
UNITS SOLD
JLR
3,72,217
UNITS SOLD (INCL. CJLR)
Emissions and waste (TML)
Enhancing corporate value through sustainable growth in order to return profits to shareholders and investors
REVENUE GENERATED
AUTO FREE CASH FLOW
EBITDA MARGIN
Dividend declared ₹ 2 per share for ordinary shareholders and ₹ 2.1 per share for DVR holders, outflow of ₹ 771 crore
TMFL Collection efficiency: 108% GNPA: 4.3%,
Delivering best-in-class transportation solutions and progressing towards enabling zero-emission options, while maintaining the highest standards of quality and safety
TOTAL UNITS OF VEHICLES SOLD
EV units (leading to significant CO2 reduction)
EV CHARGING INFRASTRUCTURE SET UP ACROSS CITIES IN INDIA
Contributing to needs of electrification, automation and energy savings as well as safety and reliability through development of high-quality products and services
Design applications
granted/registered
Patents granted
Transition fuels CNG, LNG
Battery EVs in PV, SCV, LCV, Intra City Buses
Hydrogen fuel cell and hydrogen based IC engine technology concept for M&HCV, Intra City Buses
Two fuel-agnostic architectures introduced Azura, Signa Unveiled AVINYA concept-pure EV based on GEN 3 architecture
Fostering employees' work values and empowering them to unlock their full potential by cultivating safe and inclusive work environments for a diverse workforce
FEMALE IN TOTAL WORKFORCE
EMPLOYEE TURNOVER
LTIFR
Building long-lasting and meaningful relationships with our customers, suppliers, and local communities while promoting sustainable practices.
SUPPLIER ASSESSMENTS CONDUCTED
LIVES EMPOWERED THROUGH CSR ACTIVITIES
Proactively working towards enhancing our positive impact on the natural environment. As a resource-intensive business, we focus on climate change, energy efficiency, water conservation, and waste management
SHARE OF RENEWABLE ENERGY IN TOTAL ENERGY CONSUMED
REDUCTION IN SPECIFIC SCOPE 1 EMISSIONS
REDUCTION IN SPECIFIC SCOPE 2 EMISSIONS
REDUCTION IN OPERATIONAL WASTE GENERATED
We are breaking new ground in rural India, democratising access and fuelling aspirations of a nation on the move. The Nexon and Punch lead the growing desire for smart SUVs and the launch of the Tiago EV has catalysed demand for EVs beyond metros and cities. To take the best we have to a wider audience, we are deepening our reach by extending our sales and service networks.
Our stakeholders are important to us. Continuous engagements and consultations across various stakeholder groups help us understand their concerns and address their queries through our effective stakeholder management framework.
Read MoreMateriality assessment helps to define the environmental, social and governance (ESG) areas that matter the most to our business and our stakeholders.
Read MoreAt Tata Motors, we closely assess the external environment to capitalise on new opportunities, identify the associated risks and outline the necessary steps to mitigate them. Our well‑defined Enterprise Risk Management (ERM) framework helps effectively manage key risks and evaluates their likelihood and impact on our value-creation abilities to help us achieve our strategic objectives.
Read MoreThe sustainability transition is a unique opportunity to bring about a positive change in individuals, corporations, and nations. Through careful planning and execution, collaborations and new paradigms offer numerous opportunities for progress. However, the transition also poses challenges, particularly in complex industries such as ours. Recognising interdependencies and
Tata Motors has adopted a holistic approach towards Net Zero, and it involves our business and operational impact and strategy. We are embedding sustainability into our business by focusing on the three interconnected pillars of driving decarbonisation of our businesses and value chain, applying a systemic circular economy approach to reduce resource consumption and waste, along with preserving and restoring our natural environment.
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At Tata Motors, our people are key to retaining our
competitive edge. We are continuously working to
create an environment of empowerment through
well-defined policies that reflect empathy, celebrate
meritocracy and provide ample professional and
personal development opportunities.
Our people are welcomed into safe workspaces designed around our
values of diversity, equity, inclusion and fair play, giving them a healthy
space to flourish. In the year 2021, we launched an internal initiative to
refresh our organisational culture and key leadership behaviours.
Commitment to social development and shared prosperity is deeply embedded in the Tata ethos. At Tata Motors, we develop our Corporate Social Responsibility (CSR) policies, strategies and programmes aligned with the national priorities and UN Sustainable Development Goals.
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Tata Motors is dedicated to undergoing a profound
transformation to establish itself as a leader in
Sustainable Mobility. Recognising the crucial
role of the supply chain in this transformation,
TML initiated the Sustainable Supply Chain
Initiative in 2017. In this journey, Tata Motors
has implemented several measures to ensure
ethical and sustainable practices throughout its
value chain.
Tata Motors has established a Supplier Code of Conduct, an
Environmental Procurement Policy, and Sustainability Guidelines for
Suppliers. These guidelines cover a range of key topics, including
governance, legal compliance, management system certification,
transparency and reporting, occupational health and safety,
labour rights, and human rights. By setting these standards, Tata
Motors aims to foster responsible practices among its suppliers
and partners.
as a part of this exercise, IN FY 2022-23, we assessed 134 suppliers and 417 Franchise outlets, respectively.
We aim to achieve carbon net zero emissions across our value chain including our suppliers, by 2039, with a CO2e reduction of 54%, per vehicle, by 2030.