BSE Auto Sector Regulatory Filings — September 07, 2026

08-09-2026

India Ratings and Research (Ind-Ra) affirmed Mahindra & Mahindra's long-term issuer rating at 'IND AAA' with a Stable outlook and its short-term rating at 'IND A1+', reaffirming the company's strong credit profile. The affirmation reflects M&M's strong market position in key segments, solid revenue growth in FY26 (consolidated revenue excluding MMFSL increased to INR1,770 billion from INR1,404 billion in FY25), and improving market share in the utility vehicle segment (21.3% in FY26 vs 19.7% in FY25). However, the rating action also notes that lower margins at certain subsidiaries continue to drag consolidated metrics, and the consolidated EBITDA margin remained nearly flat at 13.4% in FY26 (FY25: 13.3%).

• · M&M's standalone entity accounted for over 82% of consolidated revenue and 88% of consolidated EBITDA (excluding MMFSL) in FY26.
• · The company plans to launch 10 ICE SUVs and six BEVs by 2031.
• · M&M expects to double its auto manufacturing capacity by FY31 vs FY26.
• · The company impaired some investments in the farm business in FY26 and 1QFY27, including withdrawal from its Japanese associate and sale of its Turkey-based Erkunt Foundry business.
• · M&M's consolidated revenue (excluding MMFSL) increased to INR1,770 billion in FY26 from INR1,404 billion in FY25, driven by 20% yoy volume growth in SUVs and 30.5% yoy volume growth in 3W business.
• · The consolidated EBITDA margin remained nearly flat at 13.4% in FY26 (FY25: 13.3%), with improvement in automotive profitability partly offset by lower profitability in the farm equipment segment.
• · M&M's standalone profit before tax margin improved to 14.2% in FY26 from 13.4% in FY25, while consolidated profit before tax margin (excluding MMFSL) was lower at 12.2% (FY25: 11.4%) due to losses at certain subsidiaries.
• · The company's free cash flow (excluding MMFSL) surged to INR144.2 billion in FY26 from INR62.2 billion in FY25.
• · Capex decreased to INR91.9 billion in FY26 from INR99.5 billion in FY25.
• · M&M plans capex and investments of INR370 billion over FY25-FY27, with INR120 billion earmarked for the EV business.
• · The company's consolidated cash balance (excluding MMFSL) stood at INR432 billion as of FY26, up from INR326 billion in FY25.
• · Gross interest coverage (excluding MMFSL) improved to 36.2x in FY26 from 27.9x in FY25.
• · M&M's domestic tractor market share increased to 44.9% in 1QFY27 from 43.6% in FY26.
• · LCV market share (below 3.5T) slightly declined to 52.0% in 1QFY27 from 52.3% in FY26.
• · UV segment market share improved to 21.3% in FY26 from 19.7% in FY25.
• · The company expects consolidated revenue growth of 7%-9% yoy over FY27-FY28 and EBITDA margin of 12.5%-13.5% over the same period.
• · M&M expects SUV segment volumes to grow by mid-high teens yoy in FY27.
• · The company aims for around 18% RoE across businesses.
• · M&M's average month-end utilisation of fund-based facilities of INR4.4 billion was almost nil for the 12 months ended July 2026.
• · British International Investment and Temasek invested INR18.5 billion and INR12 billion, respectively, in MEAL as of 31 March 2026.
• · IFC and NIIF India Japan Fund invested INR10 billion in MLMM as of 31 March 2026, with a further INR3.2 billion expected from Lightrock Cayman Holdings Ltd.

08-09-2026

TVS Motor Company unveiled the RTX 300 adventure motorcycle for the European market, built on the new RT-XD4 platform and targeting A2 licence holders. The bike features four ride modes, a 5-inch TFT display, and a five-year warranty, with prices starting at €4,890 for the Essential variant and €5,290 for the Adventurer variant. The launch underscores TVS Motor's European expansion strategy, but no financial figures or sales targets were disclosed.

• · The RTX 300 is built on the new RT-XD4 engine platform.
• · Four ride modes: Urban, Rain, Tour, Rally.
• · Standard equipment includes cruise control, bi-directional quickshifter (Adventurer variant), and tyre pressure monitoring (Adventurer variant).
• · Available from November 2026.
• · Accessory line-up includes top box kit, side pannier, tank guard, bash plate, visor extender, top rack, knuckle guards, and raised fender.
• · TVS Motor is the only two-wheeler company to have won the Deming Prize.
• · TVS Motor has been ranked No. 1 in J.D. Power Customer Service Satisfaction Survey for four consecutive years.

07-09-2026

Tata Motors Limited (formerly TML Commercial Vehicles Limited) allotted 89,048 equity shares of ₹2 each, fully paid up, under its Share-based Long Term Incentive Scheme. The allotment was approved by the Allotment Committee on September 7, 2026, and the company's paid-up equity capital increased marginally from ₹7,36,54,00,608 to ₹7,36,55,78,704.

• · The allotment committee meeting was held on September 7, 2026.
• · Exercise price for the Performance Share Units was ₹2 per share.
• · In-principle approvals from NSE and BSE were received on March 30, 2026.
• · Allotted shares rank pari passu with existing equity shares.

07-09-2026

Ashok Leyland Limited has informed the stock exchanges about a scheduled meeting with investors at the UBS India Summit 2026 on September 11, 2026, in Mumbai. The meeting will be held physically, and no presentation is intended to be made. This is a routine disclosure under SEBI regulations and does not contain any financial results or material corporate action.

• · Meeting date: September 11, 2026 (Friday)
• · Meeting time: 11:00 to 16:30 hrs IST
• · Venue: Trident Nariman Point, Mumbai
• · Mode: Physical
• · No presentation is intended to be made

07-09-2026

Eicher Motors Limited has informed the stock exchanges about scheduled physical group meetings with analysts and institutional investors on September 10, 2026 (Axis Capital's Consumer & Tech Conference) and September 11, 2026 (UBS India Summit 2026). This is a routine disclosure under Regulation 30 of SEBI LODR and does not contain any financial results or material business developments.

07-09-2026

Maruti Suzuki India Limited has announced a price increase of up to Rs. 20,000 on selected models effective September 2026, citing sustained increases in input costs and elevated inflationary pressures. While the company has attempted to absorb costs through reduction measures, it is now passing on a portion of the increased costs to customers, keeping the impact to a minimum.

07-09-2026

Uno Minda Limited has informed the exchanges about a schedule of analyst and institutional investor meetings from September 16 to September 24, 2026. The meetings will be held in person with Jefferies India Forum and US NOR across multiple US cities. The company has stated that no unpublished price sensitive information (UPSI) will be discussed during these interactions.

• · Meeting dates: September 16 (Jefferies India Forum), September 18 (San Francisco), September 21 (Boston), September 22-23 (New York), September 24 (Chicago).
• · All meetings are in-person one-on-one or group meetings.
• · No UPSI is intended to be discussed.