Tata Motors

That is roughly an eighth of its 34,000 UK staff and part of a 1.7 billion pound savings push, after June-quarter pre-tax profit fell more than two thirds to 109 million pounds under United States tariffs.

Parts will be built at its Sanand plant in Gujarat and cover both petrol and electric SUVs, so the programme does not depend on which powertrain the buyer picks.

TML CV Holdings B.V. received European Central Bank clearance for indirect qualifying holdings in IC Financial Services SA and CNH Industrial Capital Europe SAS, both French specialised credit institutions. The UK Financial Conduct Authority cleared its part in January and the Bank of Spain gave a non-objection in June. The offer is all cash and excludes Iveco's defence business, which goes to Leonardo. Regulatory risk on the deal is now largely spent; shareholder acceptance is the step that remains.

Mahindra and Mahindra sold 107,648 vehicles, up 42 percent. Tata Motors sold 67,753 units across domestic and international markets, up 56 percent, with EV volumes of 16,549 up 94 percent. Maruti Suzuki reported 219,220 total units, with domestic sales of 176,791 against 131,278 a year earlier, up 35 percent. Hyundai Motor India sold 65,796 in total, up 8.8 percent, with domestic sales up 23.6 percent to 54,396, its best ever August at home. Maruti and Hyundai both landed below street estimates on total volumes even though domestic growth ran well ahead, because exports carried the difference.

This is the third revision of 2026, after a 0.5 percent weighted average increase on 1 April and up to 1.5 percent on 1 July. It covers both the ICE and the electric range. The company says it continues to absorb a significant share of rising input and operating costs and is passing on part of the impact. Three hikes in five months traces the pace at which cost is moving through to the sticker.

Damage is being put at Rs 35 crore to Rs 40 crore with an insurance claim under Rs 30 crore, both called non-material. Sanand builds the Tiago, Tigor, Nexon and Sierra, so a halt that began on 27 July closes with no material hit flagged to production or financials.

Maruti Suzuki sold 241,421 units with domestic dispatches at an all-time high of 200,123, Hyundai posted its highest-ever 75,360, Tata's passenger vehicles rose about 58 percent and Mahindra sold 103,860. Two-wheelers ran with it, TVS at 629,675 against 456,350 and Bajaj at 474,677 against 366,000. Hero was the one miss at 533,416 against an estimate of 555,050, so the volume is broad but not uniform.

June passenger vehicles jumped 69 percent to 63,083, the quarter's best month. Electric vehicles hit a record 14,800 units. Heavy trucks rose 31 percent, so passenger and freight cycles are turning together.

Separately, Tata Motors is close to a broader Stellantis partnership, with its Avinya luxury electric cars set to use the Chery-backed Freelander platform via JLR for a 2027 launch.

The timing matters because Mahindra just overtook Tata on FY26 EV revenue at 15,089 crore rupees versus 14,995 crore, despite Tata leading on volume.

Spanning e-commerce, logistics, cement, steel, mining and passenger transport, the spread of use cases signals eCV adoption shifting from pilots to scaled fleet deployment for the freshly renamed commercial-vehicle entity.

4 retail fuel hikes in 10 days seems to have accelerated the consumer shift to EVs. Monthly output of Tata Motors is ~10,000 EVs; company plans to scale to 15,000 in 3-4 months. Tata Motors market share slipped to ~40% in FY26, from around 55% in FY25.