Business EconomyPosted at: Jul 8 2026 3:40PM


Tata Motors targets 1.2 million passenger vehicle sales by FY30, Rs 40,000 Crore investment

New Delhi, Jul 8 (UNI) Tata Motors has unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent market share in India's passenger vehicle market, and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.
Speaking at the company's 81st Annual General Meeting (AGM), Chairman Natarajan Chandrasekaran said Tata Motors aims to achieve a tenfold increase in passenger vehicle volumes over the decade from FY20 to FY30.
"Looking ahead in the next five years, the company has a big ambition. Between FY20 and FY30, we want to achieve a 10x growth in volumes with an ambition of over 1.2 million vehicles and a market share of 20 per cent from the current 14.2 per cent," Chandrasekaran said.
To support this growth, the automaker plans to introduce six new nameplates and undertake more than 20 product refreshes, while targeting double-digit EBITDA margins. Electric vehicles (EVs) are expected to account for over 30 per cent of Tata Motors' passenger vehicle sales by the end of the decade as the company strengthens its position in the fast-growing EV segment.
Managing Director and CEO Shailesh Chandra said Tata Motors Passenger Vehicles (TMPV) is aiming to achieve Rs 1.4 lakh crore in revenue by FY31, along with double-digit EBITDA margins, an EBIT margin of over 5 per cent, and profit before tax (PBT) that is more than five times the current level.
"By FY31, TMPV aspires to Rs 1.4 lakh crore in revenues, double-digit EBITDA margins and over 5 per cent EBIT margin, driving PBT to over five times the current level," Chandra said.
The company plans to invest nearly Rs 40,000 crore in expanding its product portfolio and manufacturing capacity over the next five years, while also targeting Rs 10,000 crore in free cash flows.
At the consolidated level, Tata Motors has set an aspiration of becoming a significantly larger and more profitable business, targeting USD 60 billion in revenue, a 10 per cent EBIT margin, and USD 5 billion in profit before tax.
For its passenger vehicle business, the company plans to expand its portfolio to 15 nameplates by FY31 and enter new vehicle segments, while aiming to capture 25 per cent market share in every segment it operates in. Achieving the FY31 volume target would require Tata Motors to nearly double passenger vehicle sales from the 640,000 units sold in FY26.
The growth strategy comes as competition intensifies in India's passenger vehicle market, with automakers stepping up investments in SUVs, electric vehicles, and alternative powertrain technologies to tap rising consumer demand.
During the AGM, Tata Motors also highlighted the impact of the cyberattack at its British luxury vehicle arm, Jaguar Land Rover (JLR), in FY26. The attack disrupted production for nearly two months, contributing to an 8 per cent decline in consolidated revenue to Rs 3.36 lakh crore, while consolidated volumes slipped 1 per cent to 949,501 units during the financial year.
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