Staff Writer
New Delhi: Tata Motors Passenger Vehicles Ltd (TMPV) should target sales of 12 lakh units and capture over 20 per cent market share by 2030 if the domestic passenger vehicle industry reaches 60 lakh units annually, Tata Sons Chairman N Chandrasekaran has said.
Addressing dealers at the Tata Motors Passenger Vehicles dealer business planning meet 2026 in Goa here on Thursday, Chandrasekaran said the Indian automobile industry is poised for significant growth and the company is well-positioned to capitalise on the opportunity through sustained investments, product expansion and stronger execution.
“The Indian auto industry is poised for significant growth. If the industry moves towards 6 million vehicles by 2030, there is no reason why we should not aim for 1.2 million vehicles and over 20 per cent market share,” he said.
According to people aware of the development, Chandrasekaran reiterated the company’s commitment to invest Rs 35,000 crore in the passenger vehicle business by 2030, adding that the investment roadmap would be recalibrated as required.
He noted that Tata Motors has undergone a remarkable transformation over the past decade, recalling that in 2017 there were suggestions that the company should exit the passenger vehicle business and focus solely on commercial vehicles.
“Today, we are firmly among the top two players in the market,” he said, highlighting the company’s competitive and expanding product portfolio, leadership in electric vehicles and improving financial performance.
Chandrasekaran said Tata Motors’ early bet on electric mobility has evolved into a major strategic advantage amid changing global dynamics and rising demand for sustainable transportation solutions.
“Our EV journey, which began as a focused bet 7-8 years ago, has now matured into a significant strategic advantage. With changing global dynamics and growing demand, this positions us strongly for the future,” he said.
Describing the 2030 target as achievable, he said success would depend on the right mix of products, investments, manufacturing capacity and flawless execution.
Drawing parallels from sports, Chandrasekaran said great companies distinguish themselves not during favourable conditions but when facing challenges.
“It is easy to score a triple century on a flat pitch. The real test is hitting a double century on a rank turner,” he said, urging dealers and company teams to pursue excellence consistently.
Emphasising the importance of the dealer network, he said customer perception, sales experience and service quality would play a decisive role in achieving the company’s long-term ambitions.
He assured dealers that Tata Motors would continue investing in new products, accelerating innovation and bringing exciting launches to the market, while stressing that collective efforts across the network would determine future success.
Expressing confidence in the company’s growth prospects, Chandrasekaran said Tata Motors Passenger Vehicles has significant untapped potential and can unlock it through a mindset focused on excellence, execution and stronger collaboration with dealers.
