Tata Motors is aiming for significant growth in the Indian passenger vehicle market. The carmaker is aiming for a 20% market share in the segment as the Indian passenger vehicle market is poised to see 60 lakh cars being sold across the country by 2030, hinted the company's Chairman N Chandrasekaran. At the Tata Motors Passenger Vehicles (TMPV) dealer business planning meet 2026, Chandrasekaran also said that the company has already committed significant capital investment of ₹35,000 crore by 2030 and will recalibrate the plan.
Tata Motors is currently the second top player in the Indian passenger vehicle market, right next to the country's biggest carmaker in terms of volumes, Maruti Suzuki. In FY2026, Tata Motors held a 13.48% market share in the overall Indian domestic passenger vehicle market, selling 631,387 units. In the fast-growing electric vehicle segment, Tata maintained its dominance with a 40.2% overall market share. Now, the company is to ramp up that in the next four years.
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PTI has quoted Chandrasekaran as saying, "The Indian auto industry is poised for significant growth. If the industry moves towards 6 million vehicles by 2030, there is no reason why we should not aim for 1.2 million vehicles and over 20% market share." Asserting that the target is achievable with the right products, investments, capacities and execution, he said, "We have already committed significant capital investment - ₹35,000 crore by 2030, and this, we will recalibrate as we progress."
Noting that he is optimistic about the company's future, Chandrasekaran also said that Tata Motors Passenger Vehicles (TMPV) has tremendous potential and upside, but to unlock that, there is a need for a mindset shift, commitment to excellence, every day, and continued partnership with all the dealers. He also asserted that the company will do its part in investing in products, accelerating innovation, bringing exciting launches and moving faster to market.
Tata to focus increasingly on EVs
{{/usCountry}}Noting that he is optimistic about the company's future, Chandrasekaran also said that Tata Motors Passenger Vehicles (TMPV) has tremendous potential and upside, but to unlock that, there is a need for a mindset shift, commitment to excellence, every day, and continued partnership with all the dealers. He also asserted that the company will do its part in investing in products, accelerating innovation, bringing exciting launches and moving faster to market.
Tata to focus increasingly on EVs
{{/usCountry}}He also hinted that there will be increased focus on electric cars, as Tata Motors intends to grab over 20% market share in the Indian passenger vehicle market. The company currently holds a lion's share of the Indian electric passenger vehicle market. To further strengthen its grip, the automaker is planning to launch more new products in the segment.
One of the key models it plans to launch soon is the Avinya X, which will be built on the Freelander platform of the Chery-Jaguar Land Rover (CJLR). It will be launched sometime next year. Speaking about the brand's electric vehicle strategy, the top Tata official said that the company's EV journey, which began as a focused bet 7-8 years ago, has now matured into a significant strategic advantage. "With changing global dynamics and growing demand, this positions us strongly for the future," he added.