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Informist, Tuesday, Jun. 23, 2026

MUMBAI – Tata Motors Passenger Vehicles Ltd. Tuesday said the multi-powertrain strategy will drive the industry's growth story over the next five years, and as such, it too will be focusing on increasing its market share in cars running on compressed natural gas and electricity going forward. Tata Motors PV reaffirmed its target of increasing its market share by 5-6 percentage points over the next five years to around 20%, driven by a projected 15% compound annual growth rate in wholesale dispatches in this period, the company said in an investor presentation.

Tata Motors PV said a multi-powertrain strategy will be its biggest lever of growth in the coming years as it broadens its portfolio. The company sold 640,000 cars in 2025-26 (Apr-Mar), which it plans to double to over 1.2 million units in FY31. These calculations do not include sales of cars made by Jaguar Land Rover Automotive PLC. Additionally, the company expects to increase its annual production capacity to 1.3 million units within 2-3 years, up from 900,000 currently. 

The automotive major plans to have a portfolio of 15 nameplates by FY31. This includes adding six new nameplates and over 20 facelifts and refreshes in this timeframe. Tata Motors PV plans to have a market share of over 25% in every segment it participates in. 

Tata Motors PV is currently India's top electric car maker in terms of market share, followed by Mahindra & Mahindra Ltd., which has made rapid strides following its recent entry into the space. The Sierra maker sees electric vehicles and CNG cars as high-growth, high-market-share segments and expects over 45% of the passenger vehicle industry to be dominated by these two segments by FY31. It has set a target of capturing a market share exceeding 25% in the CNG segment going forward.

EV SPACE

Tata Motors PV offers electric cars ranging from INR 700,000 to INR 2.90 million, allowing customers to choose from a wide range of options across different body types. The company plans to expand its portfolio in "white spaces" and premium segments. White space refers to an untapped or underserved market opportunity, alongside continuous refreshes of its existing portfolio.

The Harrier-maker wants EVs to account for over 30% of the cars it sells every year by FY31. The company's current EV portfolio comprises Xpres-T, Curvv.ev, Harrier.ev, Nexon.ev, Punch.ev, and Tiago.ev.

It will launch the Sierra EV next month, and Avinya later this financial year. By FY31, the company expects to have 10 nameplates in its EV lineup. This includes four new products and over 10 facelifts and refreshes. 

CNG

Tata Motors PV sees CNG as a large growth opportunity, one which will be a critical growth lever going forward. The company plans on expanding its CNG portfolio by launching more models in the small car and compact sports utility vehicle space, as this space constitutes over 60% of sales.

It expects the network of city gas distributors to expand to 17,000-18,000 stations by 2030. Tata Motors PV intends to leverage its wide network and brand strength in markets that have a stronger propensity for CNG powertrains.

For the March quarter, Tata Motors PV's consolidated net profit was INR 57.83 billion on revenues of INR 1.05 trillion. Tuesday, its shares closed 1.9% lower at INR 354.55 on the National Stock Exchange.  End

Reported by Anand JC

Edited by Akul Nishant Akhoury

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