Tata Motors passenger vehicles sees 15% market share within reach, MD says

Tata Motors Passenger Vehicles expects to cross a 15% share of India’s domestic passenger-vehicle market soon and remains focused on reaching 20% by financial year 2031, its managing director and chief executive, Shailesh Chandra, said. In an interview with PTI, Mr Chandra said the business had grown by nearly 40% during the past year. He said electric vehicles were expected to account for more than 25% of total sales as September ended.

The passenger-vehicle business became a standalone entity after Tata Motors’ demerger, effective October 1, 2025. Mr Chandra said the company expected to have sold nearly 750,000 vehicles by the end of its first year as a separate business. He said Tata Motors was pursuing double-digit growth while investing in zero-emission and lower-emission powertrains.

The company was also bringing products to new categories, refreshing existing models and making faster product interventions to keep its vehicles competitive. Mr Chandra said the company was close to a 15% market share and that the next five percentage points would be pursued over the following five years. Tata Motors has previously stated an ambition of reaching annual sales of 1.2 million vehicles and a 20% market share by financial year 2031.

He identified three main avenues for growth: entering segments where the company is currently absent, responding to changing affordability and demand at different price points, and expanding in powertrains such as electric vehicles and CNG. He said electric and CNG vehicles were expected to grow faster than the overall industry. The executive cited multi-purpose vehicles and some lifestyle sport utility vehicles as examples of categories where Tata Motors does not currently have a presence.

He said the company intended to develop new offerings in such market spaces while continuing to expand its electric and CNG ranges.