Tata Motors Chairman N ChandrasekaranTata Motors Passenger Vehicles (TMPV) is targeting a market share of more than 20 per cent in India’s passenger vehicle market by 2030, backed by a planned investment of ₹35,000 crore and an expanding product portfolio, reported PTI.
Addressing the company’s dealer business planning meet 2026 in Goa, Tata Motors Chairman N Chandrasekaran said the Indian passenger vehicle industry could grow to around 60 lakh units annually by 2030. In such a scenario, Tata Motors should aim to sell about 12 lakh vehicles and secure over one-fifth of the market.
Chandrasekaran said the automaker has already committed ₹35,000 crore in capital expenditure through 2030 and could recalibrate investment plans as market conditions evolve.
He noted that Tata Motors has significantly strengthened its position in the passenger vehicle market over the past decade. Referring to the company’s electric vehicle strategy, Chandrasekaran said Tata’s early investments in EVs have created a strategic advantage as demand for electric mobility continues to grow.
The chairman also highlighted the company’s improving financial performance and expanding vehicle portfolio, adding that future growth would depend on continued investments, product launches and faster execution.
He stressed the importance of dealer networks in improving customer experience across sales and after-sales service, saying these factors would play a key role in achieving the company’s long-term growth ambitions.
Recently, Tata Motors PV reported 59,790 unit sales, marking 42 per cent year-on-year increase and it has strengthened its position as the number 2 passenger vehicle maker in India based on VAHAN registrations, consistently behind Maruti Suzuki but ahead of Hyundai.
