Tata Motors PV expects 15% market share 'very soon', eyes 20% by FY31: MD Shailesh Chandra
Tata Motors Passenger Vehicles CEO Shailesh Chandra announced plans to reach a 15% domestic market share soon, with a long-term goal of 20% by FY31. The company has seen 40% growth over the past year, driven by new product launches and a strong focus on electric vehicles.
Why it matters
This reflects the aggressive growth strategy of a major Indian automotive manufacturer and the broader industry shift toward electric mobility.
Tata Motors Passenger Vehicles (PV) expects to cross 15% domestic market share "very soon" and is working towards its previously stated target of 20% by FY31, as the nearly year-old standalone business looks to drive significant growth through investments in new product categories, faster product interventions, and powertrain expansion, its Managing Director and CEO Shailesh Chandra said.
In an interview with PTI , Mr. Chandra said the passenger vehicle business, which became a standalone entity following the demerger effective October 1 last year, has grown nearly 40% over the past year and is exiting September with electric vehicles accounting for more than 25% of its total sales.
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