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Tata Motors PV Targets 15% Market Share Soon, Eyes 20% by FY31 with Aggressive Growth
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Moneycontrol•27-09-2026, 14:07
Tata Motors PV Targets 15% Market Share Soon, Eyes 20% by FY31 with Aggressive Growth
- •Tata Motors Passenger Vehicles aims to achieve 15% domestic market share very soon and targets 20% by FY31, driven by investments in new products and powertrain expansion.
- •The standalone passenger vehicle business, demerged last October, has grown nearly 40% over the past year, with EVs accounting for over 25% of total sales by September.
- •MD Shailesh Chandra emphasizes double-digit growth, leadership in sustainable powertrains, and aggressive investment in new product categories and faster interventions.
- •The company expects to have sold nearly 7,50,000 vehicles by the end of September, marking significant growth and increased EV penetration.
- •Tata Motors plans to reach 1.2 million annual sales and 20% market share by FY31, focusing on new segments, evolving affordability, and faster-growing powertrains like EV and CNG.
Key Questions Answered
Tata Motors Passenger Vehicles expects to cross 15 per cent domestic market share very soon and aims to reach 20 per cent market share by FY31.
EVs and CNG serve as key growth axes for the company, with electric vehicles accounting for more than 25 percent of total sales as the business exits September.
The company plans to grow by entering new market segments where it currently lacks presence, capitalizing on shifting price points and affordability, and expanding in faster-growing powertrains like EV and CNG.
