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Tata Motors PV Targets 20% Market Share by FY31, Eyes 15% Soon
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Storyboard•27-09-2026, 14:01
Tata Motors PV Targets 20% Market Share by FY31, Eyes 15% Soon
- •Tata Motors Passenger Vehicles aims to achieve a 15% domestic market share soon and targets 20% by FY31, according to MD and CEO Shailesh Chandra.
- •The passenger vehicle business has grown by nearly 40% over the past year, with EVs contributing over a quarter of sales by September.
- •The company plans to increase investments in new product categories, accelerate updates, and focus on sustainable powertrains.
- •Key strategies include entering new segments like MPVs and lifestyle SUVs, responding to changing demand, and expanding in faster-growing powertrains like EVs and CNG.
- •Tata Motors PV is considering further price increases due to rising commodity costs, aiming for smaller, incremental hikes to minimize demand impact.
Key Questions Answered
Tata Motors Passenger Vehicles aims to reach a 20% domestic market share by FY31.
Electric vehicles account for more than a quarter of Tata Motors PV's sales as it exits September.
The company reviews pricing every month and is considering further price increases implemented in smaller steps to minimize the impact on demand.
