Tata Motors chairman N Chandrasekaran sets target high for TaMo’s PV business

chairman has urged the automaker’s to prepare for its next phase of growth, outlining a goal of nearly doubling sales to about 1.2 million vehicles annually and capturing more than 20% by 2030, said multiple people who attended the company’s dealer meet in Goa.

Tata Motors’ aim marks a substantial leap from its 14.2% market share at the end of the March quarter. The company sold 641,587 passenger vehicles, including exports, in FY26, a 15% increase.

Chandrasekaran’s address to the dealers comes in the backdrop of Tata Motors’ consistent performance since the September 22 cut in goods and services tax (GST) and its rise to the second position in India’s passenger vehicle market. Chandrasekaran said if domestic market expands to six million passenger vehicles annually by 2030, Tata Motors should aim to sell 1.2 million vehicles a year by the time, securing a more than 20% market share. “There is no reason why we should not aim for around 1.2 million vehicles and 20%-plus market share,” Chandrasekaran, also the Tata Group chairman, told the more than 300 dealers gathered at the company’s annual meeting in Goa.

To support the growth plan, Tata Motors has committed investments of about ₹35,000 crore through 2030, a figure that could be recalibrated as per market conditions, dealers cited Chandrasekaran as saying.

The Tata Motors chairman described the gathering as a milestone for the company, marking the first dealer meet since the demerger of Tata Motors’ passenger vehicle and commercial vehicle businesses. He said the current year would be remembered as the start of a new chapter for the company.

Recalling the company’s turnaround, Chandrasekaran said Tata Motors faced significant scepticism about its passenger vehicle business in 2017, with some suggesting it should exit the segment and instead solely focus on commercial vehicles. The company chose to stay the course, backed by confidence in the market opportunity, its products, and dealer network.

Those bets have since paid off, he said. Tata Motors has built a competitive portfolio, strengthened its financial performance, and established leadership in . The company’s early investments in EVs have now become a strategic advantage as the industry evolves.

Chandrasekaran stressed the need for Tata Motors to move from being a “good company” to a “great company”, requiring greater resilience, agility, execution excellence and consistency. Product quality, safety, design and customer experience would remain non-negotiable, he said.