Tata Motors Passenger Vehicles aims for 15% market share soon, eyeing 20% growth

Shailesh Chandra, MD and CEO of Tata Motors Passenger Vehicles, announced that the unit is on the verge of achieving a 15% share of the Indian passenger-car market and is working toward a 20% share in the future. The business, which was spun off after a demerger last October, has recorded roughly 40% growth over the last twelve months and expects to sell about 750,000 vehicles by month-end. Electric models now account for more than 25% of its total sales, reflecting its focus on zero-emission and low-emission powertrains.

Chandra highlighted a strategy that includes launching new product categories, accelerating refresh cycles, and entering segments where the company currently has no presence, such as certain MPVs and lifestyle SUVs. He also pointed to rising affordability and shifting demand across price points as additional growth drivers, with EV and CNG segments expected to expand faster than the broader market.