Company data sheet · Tata Motors
Tata Motors: four lost years, and the economy wasn't the reason.
- Industry
- Motor Vehicles & Passenger Car Bodies
- Headquarters
- India
- Sources
- SEC filings (2002–2024), Stratrix's verified Decision Cases, market data and official economic statistics for India
- Data as of
- October 18, 2026
- From profit to four straight losses. Tata Motors earned ₹219 billion in fiscal 2016–2018. Then it lost money every year from fiscal 2019 to 2022: ₹663 billion in all. Fiscal 2023 was its first profit in five years: ₹25.4 billion.
- It wasn't the cycle. The losses began in fiscal 2019 (mostly calendar 2018), a year India economy grew 7.1%. When a company falls while its economy grows, look inside the company first.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | ₹2.71 trillion | ₹95.9 billion | |
| 2017 | ₹2.66 trillion | ₹58.5 billion | |
| 2018 | ₹2.88 trillion | ₹65 billion | |
| 2019 | ₹2.99 trillion | −₹293 billion | |
| 2020 | ₹2.59 trillion | −₹114 billion | |
| 2021 | ₹2.48 trillion | −₹143 billion | |
| 2022 | ₹2.77 trillion | −₹114 billion | |
| 2023 | ₹3.44 trillion | ₹25.4 billion |
As reported in its annual filings, in INR. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 5 measures for India, every year since 2016, from the official sources.
- Peer comparison: against 264 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.