Tata Motors, based in Mumbai, India, reported a 34% increase in profit after tax (PAT) for the fourth quarter of FY26, reaching ₹1,793 crore. This growth was driven by a 19.4% rise in consolidated revenue to ₹26,098 crore, bolstered by strong sales in trucks and buses, improved realisations, and effective cost management. The company achieved record annual revenue of ₹83,900 crore, with an EBITDA margin of 12.3%. However, annual PAT dropped 24% to ₹3,026 crore due to exceptional charges related to labor code provisions and demerger costs. Tata Motors maintained a strong market position with a 35.7% share in the domestic commercial vehicle market and substantial growth in wholesales, which rose 25% in Q4. Looking ahead, management expects single-digit volume growth for FY27, citing robust underlying demand despite challenges from the West Asia conflict and commodity pressures. The company is also focusing on electric vehicle (EV) adoption, which has reached 6-7% of its commercial vehicle portfolio. Tata Motors launched 17 next-generation trucks and secured significant export orders during the year.