Tata Motors PV Eyes 15% Market Share and 20% Target by FY31

Tata Motors Passenger Vehicles expects to cross a 15% domestic market share very soon and targets 20% by FY31 as a standalone demerged entity.

The passenger vehicle business grew nearly 40% over the past year, with electric vehicles accounting for more than 25% of its total monthly sales.

Managing Director Shailesh Chandra stated that growth will be driven by new product categories, faster refreshes, and powertrain expansions in EV and CNG.