Tata Motors’ EV arm turns Ebitda positive despite dip in sales and market share
[ad_1] Tata Motors’ electric vehicle (EV) business achieved a positive operating margin before depreciation and amortisation (Ebitda) in the fiscal year 2024-25, placing it among a small group of EV manufacturers globally to reach this milestone, the company said in its latest annual report.The turnaround in margins came even as EV sales dipped and its market share declined due to intensifying competition from rivals like MG Motor and Mahindra & Mahindra.India’s leading EV player by volume, Tata Motors reported that revenue from its EV division fell to Rs 8,187 crore in FY25, down from Rs 9,285 crore in FY24. Its retail market share also dropped significantly—from 73.1% to 55.4% over the same period. However, the Ebitda margin showed a marked improvement, climbing to 1.2% from a negative 7.1%—an increase of 8.3 percentage points, according to an ET report.“In the EV […]