Tata Motors PV arm to pour Rs 40,000 cr through FY31, eyes 20% market share
Tata Motors Passenger Vehicles unveils Rs 37,500-40,000 crore capex plan to lift capacity 45% to 1.3 million units, launch six nameplates including Sierra.ev, and double sales to 1.2 million units by FY31. Targets 30% EV mix, Rs 1.4 lakh crore revenue and 10% EBITDA margin.
Tata Motors Passenger Vehicles will invest Rs 37,500-40,000 crore by FY31 to expand capacity 45%, launch six new nameplates including Sierra.ev, double sales to 1.2 million units, target 20% market share and 30% EV penetration.
Why this matters
Reinforces Tata Motors' multi-year offensive targeting 20% PV and 40% CV share, leaning on EVs, CNG and the Iveco buyout to fuel growth across both vehicle businesses.
Retail-company signals steady at 3,574 over the last 90 days.