TATAMOTORS
Tata Motors
Is TATAMOTORS Halal?
Auto manufacturer — vehicles permissible but financing arm concerns.
What You Should Know
Tata Motors' FY2024-25 consolidated results report ₹378,642 crore of assets, ₹71,540 crore of borrowings and leases, ₹40,834 crore of cash and bank balances, ₹30,122 crore of investments and ₹439,695 crore of revenue. The examined asset ratios pass, but vehicle financing and a consolidated interest-income numerator remain incomplete.
⚠️ Concerns
- •Vehicle-financing and finance-receivable activity
- •Lease liabilities included as debt
- •Jaguar Land Rover and commercial-vehicle end uses
- •Consolidated interest-income numerator unavailable
Current quantitative Sharia screen
Based on consolidated-audited-financial-results figures for the period ended 2025-03-31; calculated 2026-07-15.
71,540 / 378,642
70,956 / 378,642
54,082 / 378,642
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 18.89%, liquidity/assets is 18.70% and receivables-plus-cash/assets is 14.50%; the known ratios pass, but interest income and financing activity remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 18.89%, liquidity/assets is 18.70% and receivables-plus-cash/assets is 14.50%, below the examined limits; activity and interest-income inputs remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia thresholds; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed 24- or 36-month market-cap series is not stored, so market-cap denominator methods are not calculated.
Business-activity disclosure
Tata Motors' core automobile, commercial-vehicle and component manufacturing is generally permissible, but the group also reports vehicle financing and finance receivables. The financing arm and downstream end uses require separate scholar review.
Limitation: The result package does not provide a universal prohibited-revenue numerator or a standalone consolidated interest-income numerator for the financing activity.
Purification
A standalone consolidated interest-income numerator is unavailable and no scholar-approved purification percentage is calculated.
Inputs, assumptions and primary sources
- Amounts are INR crore from Tata Motors' consolidated audited assets and liabilities statement for March 31, 2025.
- Debt includes current and non-current borrowings plus lease liabilities; cash includes cash equivalents plus other bank balances; investments combine current and non-current investments.
- Trade receivables are used as the receivable numerator. The report separately presents finance receivables and loans, including the vehicle-finance business.
- FY25 consolidated revenue from operations is INR 439,695 crore. A reproducible consolidated interest-income numerator is not provided in the result package.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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