The 76th Integrated Annual Report 2020-21 of the Tata Motors Group outlines
its financial and non-financial performance. The report narrates in detail how
Tata Motors has delivered a resilient performance and recorded a sharp
rebound while navigating strong economic and sectoral headwinds.
FY 21
OPERATING
8,37,783
Sales Volume
(Consolidated excluding CJLR)
Financial
2,49,795
Revenues (` crore)
(Consolidated)
12.2%
EBITDA Margin
(Consolidated)
ENVIRONMENTAL
20%
% of Renewable energy
Consumption to Total
Electricity Consumption (TML)
2,56,247
Scope 1+2 GHG Emissions
(tCO2e) JLR
SOCIAL
7,58,053
Total Community
Outreach (TML)
Tata Motors Group is one of the leading global automobile manufacturers with a diversified portfolio of commercial, passenger, and luxury vehicles. Part of the multi-national conglomerate, the Tata Group, we have operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.
Read moreTata Motors Group is in the process of pivoting its underlying business model towards sustainable mobility.
Mr. N Chandrasekaran
Chairman and Non-executive Director
As the future often demands a different approach from the past, we have a set of high impact programmes underway aligned with key trends shaping the auto industry of tomorrow.
Mr. Guenter Butschek
CEO and Managing Director,
Tata Motors Limited
Reimagine will see us journey towards net zero carbon by 2039. Both our brands will be transformed by electrification, with six new all-electric Land Rover models in the next five years and Jaguar completely reimagined as a pure electric brand, from 2025.
Mr. Thierry Bolloré
CEO, Jaguar Land Rover
Consolidated (excluding CJLR*)
Volumes were impacted mainly in Q1 FY 21 on account of COVID-19 pandemic. Business witnessed strong sequential recovery thereafter.
Tata and other brand vehicles
Strong response to “New Forever Range”, outperforming the industry.
Tata and other brand vehicles
Several headwinds including pandemic, lower capacity utilisations, rising costs, financing challenges impacted overall CV industry.
Jaguar Land Rover (excluding CJLR*)
Decrease in wholesale volumes reflecting lower retails due to pandemic and de-stocking efforts.
Consolidated
Adverse volume impact offset by strong product mix and price increases.
Consolidated
Profitability improved due to improved product mix and reduction in costs.
Consolidated
Improvement in operational performance and strong cost saving actions resulting in positive free cash flow for year.
Consolidated
Deleverage plans on track, reduction in net auto debt in FY 21.
Y-o-Y Growth *CJLR: Chery Jaguar Land Rover
Tata Motors Limited
Focus on enhancing energy efficiency at our facilities to reduce our GHG emissions.
Tata Motors Limited
Continue development work for patents.
Tata Motors Limited
Make our workplaces inclusive and focus on building a diverse workforce.
Jaguar Land Rover
Have flood protection, rainwater balancing ponds and other water, land and conservation initiatives across our sites.
Jaguar Land Rover
JLR facilities in the UK, Slovakia and Brazil are all powered 100% by renewable electricity. We generate over 13 MW of solar electricity at our sites, globally.
Jaguar Land Rover
The decarbonisation of our global manufacturing is a fundamental part of our Reimagine strategy, building on our success to date.
Jaguar Land Rover
All our facilities have waste segregation and management systems implemented. We follow the waste management hierarchy - reduce, reuse, recycle.
Jaguar Land Rover
Deleverage plans on track, reduction in net auto debt in FY 21.
At Tata Motors, we understand the constantly evolving customer preferences and changing external environment. Our endeavor is to deliver technologically advanced world-class products and solutions by driving innovation across the mobility value chain, while also striving to reduce our environmental footprint and ensuring the viability of our ecosystem.
Our operating environment remains challenging with the pandemic continuing to weigh on consumer sentiments.
At TML, we have implemented a strategic Business Agility Plan to address the short-term challenges by keeping our costs low and ecosystem viable while delivering innovative mobility solutions across product customer segments. Strong transformative actions and proactive measures across various segments have supported our business continuity endeavours.
The commercial vehicle industry witnessed major headwinds with volumes falling to the lowest over last decade, reaching the FY 10 levels. We undertook a number of measures to navigate the downturn and ensure our readiness for quick response during subsequent recovery phase.
ACHIEVING DOUBLE-DIGIT EBITDA
LONG-TERM CAPEX AT 3-4% OF REVENUE
STRONG POSITIVE FCF
The passenger segment has seen a very strong rebound in demand post opening up of the lockdown. Our strategic intervention to reposition our brand, expand capacity and launch of New Forever range placed us well to capitalise on the revival in demand.
HIGH SINGLE DIGIT EBITDA IN THE NEXT 3 YEARS
LONG-TERM CAPEX AT 5-6% OF REVENUE
FCF BREAKEVEN BY
FY 23 & POSITIVE FCF THEREAFTER
TML is strategically placed to benefit from the increased demand of personal mobility, with an early mover advantage in the segment and has already having established itself as a market leader. Nexon EV has established a niche for itself, having changed the perception of EVs among Indian customers. Nexon EV is driving the growth of EV industry in India with 65% of total sales in FY 21.
With Reimagine, we will transform Jaguar Land Rover, with a value creation approach, delivering quality and profit, over volume. The Reimagine strategy has been designed to address the key challenges facing the business.
Read moreBrands
Responsible modern
luxury by design
Products
World’s most desirable
luxury cars and services
Architectures & Powertrain
Electrified, simplified, flexible
Collaboration
Synergies with TATA and
other external partners
Footprint
Retain, right-size, repurpose
and reorganise
Refocus
Focus on quality, sales, costs,
digital transformation
We believe in delivering high quality vehicles with a focus on sustainability. Quality and sustainability are the driving force underlying our strategic actions, decisions and operations. We reduce our footprint by reusing and recycling parts under our take-back programme.
We strive to deliver operational excellence by optimising resource efficiency and minimising the negative impact on people, planet and communities. Our operations are carried out under the aegis of the foundational principles of Reduce, Recycle, Recover and Refurbish to deliver innovative and sustainable mobility solutions globally.
Read moreJaguar Land Rover's Reimagine strategy has three key themes modern luxury by design, true sustainability and a new benchmark in quality. We are focused on a sustainability-rich reimagination of modern luxury, unique customer experiences and positive societal impact. Our aim is to achieve net zero carbon emissions across our supply chain, products and operations by 2039.
Read moreGovernance is the building blocks on which the entire Tata Motors Group is built. We have been increasingly focusing on creating an organisational structure which is not only simple but also efficient and transparent, with the Board of Directors being at the centre of the Tata Motors universe.
Read more
Inculcating a culture of safety and inclusion
Tata Motors Group treats people as one of the biggest assets and believe that the people play a pivotal role not just in everyday operations and supply chain, but also by creating a better community at large. We undertake extensive measures to ensure that we engage proactively with our employees, customers, supply chain partners and create a better community for its people to prosper.
Read moreDiversity and
inclusion
Training and Development
Occupational health
and safety
Job Qualification training
Inspiring workforce and communities for a better future together
At Jaguar Land Rover we are passionate about its people and believes they are our most valuable asset. We are committed to fostering a diverse, inclusive culture where everyone can flourish. As the UK’s largest investor in automotive research, development and engineering, JLR’s people are at the forefront of technical innovation, and by nurturing their talent and ideas, we aims to tackle some of the biggest challenges facing society. From global projects benefiting millions, to local initiatives helping individuals and communities around their facilities, we are committed to delivering impactful and sustainable initiatives that support communities across the globe.
Read moreNurturing
our people
Supporting communities during COVID-19
Promoting inclusive and sustainable development
Being a responsible corporate citizen, 'driving inclusive growth, social equity, sustainable development and nation-building' is the commitment Tata Motors has made to society and to the communities it operates in.
Read moreExtending support to those most in need
Rural Development Programme
Equipping ground-zero heroes
Employability
Education
Health
Educating masses for containment and prevention