Wednesday, October 14
Mumbai: Tata Motors’ electric vehicle business posted a positive operating margin before depreciation and amortisation (Ebitda margin) last fiscal year, ranking among a handful of EV makers globally to achieve this, the Mumbai-based auto maker claimed in its latest annual report.The improved performance was supported by increased localisation, aggressive cost cuts, and productivity linked incentive (PLI) benefits, with the latter totalling Rs 527 crore. It Includes PLI incentives of Rs 385 crore for the financial year 2025 and payment of Rs 142 crore as incentives for the financial year 2024. This was even as Tata Motors’ EV sales declined while its market share slipped amid heightened competition from companies such as MG Motor and Mahindra & Mahindra.121398898 India’s EV market
