MAM
Tata Motors sponsors GenZ’s interest in developing Electric Vehicles
Mumbai: Tata Motors has collaborated with IIT Bombay Racing Team, sponsoring a team of 70 budding engineers to fulfill their aspirations of developing an electric race car "EVoK". IIT Bombay Racing is India's premier Formula Student Electric team with a vision to "Revolutionize Electric Mobility in India focusing on sustainable technologies and innovations". This electrified team competed at the prestigious international competition, Formula Student UK 2019, held annually after the British Grand Prix at the Silverstone Circuit in the UK in July. The team achieved an all-time best overall rank of 30 out of the 118 participating teams and secured the third position amongst the teams competing in the electric car space.
The Tata Motors’ Electric Vehicle Business Unit (EVBU) has been supporting the IIT Bombay Racing Team for the past four years as a key sponsor, but this year they took this collaboration to the next level by mentoring and providing expert insights and granting unprecedented access to industry-grade testing facilities including the high-speed ERC test track in Pune. The IIT Bombay students were also awarded with two-month internship opportunities at Tata Motors as a part of their association to further hone their skills.
According to Mr. Shailesh Chandra, President – Electric Mobility Business & Corporate Strategy, Tata Motors Ltd., said, “Staying true to the company’s testament of making an impact in advancing the skills of the country’s youth, this partnership presented us with an opportunity to not only mentor promising young engineers but also enable them to represent the country and compete at an international platform. We are proud of the efforts made by the students of the IIT Bombay Racing team by developing their most advanced Electric racing vehicle yet and accomplishing one of their best ranks in the competition till date.”
Tata Motors has rolled out a 4-part campaign that focuses on the team’s journey from the inception to the development of 'EVoK', the electric race car, and the team’s success at the Formula Student UK 2019. The campaign attempts to generate awareness about e-mobility, make electric vehicles mainstream and dispel myths associated with EV technology. The campaign has become a huge success online and has garnered over 2 Lakh views on our Social Media Platform. Watch the journey of IIT Bombay students as they turn their dreams into reality,
Brands
Kwality Wall’s reports standalone losses following strategic HUL demerger
Ice cream major faces Rs 64 crore Ebitda loss amid commodity inflation and muted Q3 sales
MUMBAI: Kwality Wall’s (India) Limited (KWIL) has released its first set of financial results as a standalone entity, revealing a challenging start to its independent journey. Following its successful demerger from Hindustan Unilever Limited (HUL) on 1st December 2025 and its subsequent listing on 16th February 2026, the company is navigating a transition period marked by structural changes and high input costs.
For the quarter ended 31st December 2025, the company reported revenue of Rs 222 crores. Despite the revenue base, the bottom line was impacted by several factors, resulting in an Ebitda loss of Rs 64.2 crores. When calculated on a Pre-IND AS 116 basis, the Ebitda loss stood at Rs 83.8 crores.
Organic Sales Growth (OSG) declined by 6.5 per cent year-on-year during the quarter. Volume growth, however, saw a marginal increase of 1.2 per cent. The company reported a gross margin of 41.5 per cent. Additionally, exceptional expenses amounting to Rs 94 crores were recorded, primarily linked to non-recurring costs during the transition phase.
Performance across portfolios and channels was mixed. Within the impulse portfolio, brands such as Magnum and Cornetto recorded mid-single digit volume growth, indicating steady demand in on-the-go consumption. However, the in-home portfolio, which includes take-home packs, experienced muted consumption. The company is planning a relaunch of this category with improved offerings ahead of the 2026 season.
Quick commerce (Q-Com) continued to emerge as a strong growth driver, delivering robust double-digit growth during the quarter. Meanwhile, the company also expanded its physical distribution network by increasing the number of company-owned cabinets across markets.
Margin pressure during the quarter was driven by a combination of one-off factors and broader cost inflation. Gross margins were impacted by around 600 basis points due to trade investments made for stock liquidation. Additionally, cocoa price inflation contributed to another 400 basis points of pressure on margins.
Deputy managing director Chitrank Goel attributed the muted performance partly to prolonged monsoons and transitional challenges linked to the GST framework. Operating expenses also increased as the company invested in establishing its standalone supply chain, operational systems and corporate infrastructure following the demerger.
Looking ahead, the management remains focused on a volume-driven growth strategy. To restore profitability, the company has initiated a cost productivity programme aimed at reducing non-consumer-facing costs. It is also working on building regional manufacturing networks to optimise logistics expenses and improve operational efficiency.
The commodity outlook for the near term remains mixed. Dairy prices are expected to remain firm due to tight supply conditions and rising fodder costs. Sugar prices may also move higher following increases in the Minimum Selling Price (MSP). While cocoa prices have moderated recently, currency depreciation has offset some of the potential cost relief for the company.
