Tata Motors PV arm to pour Rs 40,000 cr through FY31, eyes 20% market share

Tata Motors Passenger Vehicles unveils Rs 37,500-40,000 crore capex plan to lift capacity 45% to 1.3 million units, launch six nameplates including Sierra.ev, and double sales to 1.2 million units by FY31. Targets 30% EV mix, Rs 1.4 lakh crore revenue and 10% EBITDA margin.

— Source publishedTue, 23 Jun, 2026, 21:57 IST·First seen Tue, 23 Jun, 2026, 22:12 IST·Source ET Small Business

What happened

Tata Motors Passenger Vehicles will invest Rs 37,500-40,000 crore by FY31 to expand capacity 45%, launch six new nameplates including Sierra.ev, double sales to

Key facts

  • Rs 37,500-40,000 crore capex
  • 1.2 million units sales target FY31
  • 20% market share target
  • 1.3 million units capacity
  • 30% EV penetration
  • Rs 1.4 lakh crore revenue FY31
  • 10% EBITDA margin

Why this matters

Sierra.ev and the EV-30% push open windows for battery, software, and platform partnerships, plus potential JV or supplier M&A to lock in the 20% share ambition.