Revving Up for the Future: The Path of Tata Motors to Sustainable Growth

Abstract

This case study examines the strategic and financial transformation of Tata Motors Limited during the period FY2022 to FY2025, a phase marked by recovery, restructuring, and renewed growth following significant external disruptions. Emerging from the challenges posed by the COVID-19 pandemic, global supply chain constraints, and high leverage, Tata Motors undertook a series of strategic initiatives aimed at restoring profitability and strengthening long-term sustainability. The case highlights the company’s focus on operational efficiency, portfolio repositioning, expansion in electric vehicles (EVs), and the revival of its global luxury subsidiary, Jaguar Land Rover (JLR). Using standalone financial statements as supporting evidence, the case encourages students to analyze trends in revenue, profitability, and capital structure, and to evaluate the effectiveness of the company’s deleveraging efforts. From an investor’s perspective, the case provides a platform to assess the trade-offs between growth opportunities and financial risks in a capital-intensive industry undergoing technological transformation. The case is designed for MBA-level courses in finance and strategy, and it enables learners to integrate financial analysis with strategic reasoning and investment decision-making.