Tata Motors PV chair projects industry-leading FY27 growth on new launches, multi-powertrain bet
Chairman N Chandrasekaran says Tata Motors PV will outpace the industry in FY27, backed by fresh launches and a multi-powertrain strategy. TMPV sold 92,000 EVs in FY26 (+43.4%) and holds two-thirds of India's EV market. The new Panapakkam plant in Tamil Nadu is operational, while JLR targets a 3 lakh-unit breakeven.
What happened
Tata Motors Chairman Chandrasekaran projects industry-leading FY27 PV growth via new launches and multi-powertrain strategy. TMPV holds two-thirds EV share with
Key facts
- FY27
- 92,000 EVs
- 43.4% growth
- 2.5 lakh EVs cumulative
- two-thirds EV market share
- Net Zero by 2040
- 3 lakh units JLR breakeven
Why this matters
Tata's multi-powertrain bet and expanded Tamil Nadu capacity create partnership openings across battery supply, charging infra, and ICE-hybrid platform tie-ups before rivals close the EV gap.