Tata Motors passenger vehicles should aim for over 20% market share by 2030: Chairman

The Indian auto industry is poised for significant growth, and if it moves towards 60 lakh vehicles by 2030, Tata Motors Passenger Vehicles Ltd should aim for over 20 per cent market share, according to its Chairman N Chandrasekaran.

In his address at the Tata Motors Passenger Vehicles (TMPV) dealer business planning meet 2026 in Goa, Chandrasekaran who is also the Chairman of Tata Sons -- the promoter holding firm of the Tata conglomerate -- reiterated that the company has already committed significant capital investment of Rs 35,000 crore by 2030 and will “recalibrate” the plan “as we progress”, according to people aware of the development.

He told the dealer partners that from being told to exit the passenger vehicle business altogether and focus only on commercial vehicles in 2017, today the company is “now firmly among the top two players in the market”.

Stating that the company’s product portfolio is competitive and expanding, he said TMPV has built leadership in electric vehicles, and its financial performance is steadily improving.

“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.

Looking ahead, Chandrasekaran said, “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.”

Asserting that the target is achievable with the right products, investments, capacities and execution, he said, “We have already committed significant capital investment — Rs 35,000 crore by 2030, and this, we will recalibrate as we progress.” To reach that level, Chandrasekaran said, “We must move from being a good company to a truly great company... Great companies are not defined by performance in stable conditions. They are defined by how they perform when conditions are tough.”

Drawing sporting parallels, Chandrasekaran said, “It is easy to score a triple century on a ‘flat pitch’. The real test is hitting a double century on a ‘rank turner’.  Running a marathon on a flat road in pleasant weather is quite different from running it uphill in windy conditions when both your legs and upper body are strained.”