Tata Motors Group Results for quarter ended 31st December 2022

EBIT improves YoY and QoQ 22.5%. Prices contributed 9.7% to this increase.

Profitability improvement due to higher wholesales, stronger mix, pricing and FX offset by higher material costs,
planned increase in SG&A spend and higher manufacturing & supply chain costs.

Improved profitability YoY – stronger volume, mix, pricing and FX.

Full year FY23 outlook remains unchanged refocus savings, including price increases, of £1bn+ in FY23 to offset cost inflation