Tata Motors’ passenger vehicle (PV) business, now a standalone entity following a demerger effective October 1 last year, is growing nearly 40% year-on-year, the company’s managing director and CEO Shailesh Chandra says. He expects the PV business to reach a 15% market share “very soon” and sets a longer-term goal of 20% by FY31.
Chandra links the growth targets to plans for continued double-digit expansion. He says Tata Motors PV is focused on leading in sustainable and zero-emission powertrains, alongside emission-friendly alternatives. The outlets report the same milestones for market-share targets and the same broader strategic emphasis on powertrain transition. They present the near-term and medium-term targets as part of the PV unit’s post-demerger scaling.
