Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment

Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment. (IANS File Photo)

New Delhi, July 8 (IANS): Tata Motors on Wednesday unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent share of the domestic passenger vehicle market and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.

Speaking at the company's 81st annual general meeting held virtually on Wednesday, Tata Motors Chairman Natarajan Chandrasekaran said the automaker aims to achieve a tenfold increase in passenger vehicle volumes over the decade from FY20 to FY30.

"Looking ahead in the next five years, the company has a big ambition. Basically, the decade between FY20 and FY30, the company wants to achieve a 10x growth in volumes with an ambition of 1.2 million plus vehicles and achieve a market share of 20 per cent from the current 14.2 per cent," Chandrasekaran said.

The company plans to strengthen its product portfolio with six new nameplates and more than 20 product refreshes over the next five years, while focusing on improving profitability. It is targeting double-digit EBITDA margins, with electric vehicles expected to contribute more than 30 per cent of its passenger vehicle sales volumes by the end of the decade.

Managing Director and CEO Shailesh Chandra said the passenger vehicle business is aiming to achieve revenues of Rs 1.4 lakh crore by FY31, supported by double-digit EBITDA margins and an EBIT margin of more than 5 per cent.

"By FY31 TMPV aspires to Rs 140,000 crore revenues, double-digit EBITDA margins and over 5 per cent EBIT margin, driving PBT to over five times the current level," Chandra said.He added that the company's growth strategy will be supported by investments of around Rs 40,000 crore in new products and manufacturing capacity, while also targeting free cash flows of Rs 10,000 crore. Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment | MorungExpress | morungexpress.com
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Hyundai Motor India set to raise car prices by up to Rs 12,800 from June

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New Delhi, (IANS): Hyundai Motor India on Wednesday said it will increase prices of its vehicles by up to Rs 12,800 from June, citing rising input costs, higher commodity prices and increased operational expenses.

The company said the extent of the price increase will vary depending on the model and variant.

"In continuation to our earlier letter dated April 08, 2026, submitted in respect of price increase on Hyundai cars, considering the prevailing market conditions and to ensure balanced approach towards customer interest, we would like to inform that the new prices will now be made effective from June 1, 2026," the company said in a regulatory filing.

The automaker said the price increase has been necessitated due to rising input costs, increased commodity prices and higher operational expenses, among other reasons.

While the company continues to optimise costs and minimise the impact on customers, it is constrained to pass on a part of the increased costs to the market through the “nominal” price hike, the filing added.

The revised prices will come into effect from June 1 across Hyundai’s model range, the company said.

Earlier, another leading automobile firm, Maruti Suzuki India, announced a price hike of up to Rs 30,000 with effect from the same month.

"In view of the sustained increase in input costs, the company has decided to increase the prices of its models across its portfolio by up to Rs 30,000 with effect from June 2026," it said in its regulatory filing.

In addition, Mahindra and Mahindra (M&M) had increased prices for its SUV and commercial vehicles in April.

Shares of Hyundai Motor India on Wednesday traded more than 2 per cent higher at Rs 1928.20. Hyundai Motor India set to raise car prices by up to Rs 12,800 from June | MorungExpress | morungexpress.com
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Tata Motors to increase prices up to 1.5 pc across PV portfolio from July 1

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New Delhi, (IANS): Tata Motors Passenger Vehicles (TMPV) on Friday announced an increase of up to 1.5 per cent in prices across its passenger vehicle portfolio, including internal combustion engine (ICE) and electric vehicle (EV) models, effective July 1.

The company announced the price revision through a filing on the exchanges.

According to the company, the increase is aimed at partially offsetting the impact of rising input costs and continued inflationary pressures.

TMPV said it continues to absorb a significant portion of the cost escalation internally, while passing on a part of the increase to customers through the latest price adjustment.

The company added that the extent of the price hike will vary across models and variants.

The move will apply across Tata Motors’ passenger vehicle range spanning conventional fuel-powered vehicles as well as electric offerings, it added.

According to the automaker, the revision has been calibrated to ensure that the overall value proposition of its products remains intact despite cost pressures.

Following this, shares of the TMPV traded higher at Rs 385.60 on the BSE.

Other leading automobile companies have increasingly resorted to calibrated price hikes in recent months to protect margins while continuing investments in new products and technology.

Last month, Hyundai Motor India had announced a price increase of up to Rs 12,800 across its model range from June, citing rising input costs, elevated commodity prices and higher operational expenses.

Similarly, Maruti Suzuki India announced a price hike of up to Rs 30,000 across its portfolio from June, attributing the decision to sustained increases in input costs.In addition, Mahindra and Mahindra (M&M) had revised prices for its SUV and commercial vehicle range earlier this year. Tata Motors to increase prices up to 1.5 pc across PV portfolio from July 1 | MorungExpress | morungexpress.com
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