Tata Motors Passenger Vehicles (TMPV) plans a tenfold volume increase, aiming for over 1.2 million vehicles and a 20% market share by FY30, up from 14.2%. Investments in AI and product pipelines, alongside Jaguar Land Rover collaboration, are key to this ambitious growth strategy.
India's auto sector experienced significant growth in June, with passenger vehicle sales up 28.63% and the overall industry rising 21.83%. Alternative fuel vehicles, including EVs, saw a remarkable 40.35% increase. Rural areas outperformed urban centers in passenger vehicle sales.
Tata Motors Passenger Vehicles (TMPV) is confident of achieving industry-leading growth in FY27, driven by new launches and multi-powertrain options. The company will continue its manufacturing and technology collaboration with Jaguar Land Rover (JLR), focusing on safety, sustainability, and customer satisfaction, aiming for Net Zero by 2040.
