Tata Motors PV targets Rs 5L cr revenue, net debt-free by FY29
Tata Motors' passenger vehicle arm guides to Rs 5 lakh crore revenue and zero net debt by FY29, scaling to Rs 6 lakh crore by FY31. Plan hinges on doubling domestic PV revenue to Rs 1.4L cr, EV Sierra launch, EBIT margins reaching 7% by FY29 and 10% by FY31, plus JLR breakeven at 300k units.
Tata Motors Passenger Vehicles targets Rs 5 lakh crore revenue and net debt-free status by FY29, doubling domestic PV revenue to Rs 1.4 lakh crore by FY31, with EV Sierra launch and JLR cost cuts driving the plan.