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Tata Motors Passenger Vehicles Ltd on Saturday reported a 59 per cent rise in total sales at 63,760 units in July from 40,175 units in the same month last year. Domestic passenger vehicle (PV) sales were at 62,611 units last month as compared to 39,521 units in July 2025, a growth of 58 per cent, Tata Motors Passenger Vehicles Ltd (TMPVL) said in a statement. International business PV sales were at 1,149 units in July as compared to 654 units in the same month last year, up 76 per cent, it added. Overall electric PV sales were at 15,217 units last month as against 7,124 units in the year-ago month, registering a growth of 114 per cent, the company said.
Tata Group expects its automotive business, including passenger and commercial vehicles, to grow to USD 100 billion in the next five years with a capex target of Rs 40,000 crore in the domestic business and about 20 billion (British) Pound for JLR, Tata Group Chairman N Chandrasekaran said on Wednesday. Responding to shareholders' queries at the 81st Annual General Meeting of the Tata Motors Passenger Vehicles held virtually, he said the EV market share target will be to remain at 40-45 per cent. It is around 42 per cent at present. Chandrasekaran said Tata Motors Passenger Vehicles Ltd will keep its focus on launching aspirational products for its current consumers as it sets sights on a 10-fold volume growth between FY20 and FY30 and command a 20 per cent market share. "I want to say that both companies (Tata Motors Passenger Vehicles Ltd and Tata Motors Ltd) have got very ambitious targets. The next five years (till FY31) the Tata Motors Passenger Vehicles company, including Jagu
The West Asia war has played a key role in the faster acceptance of electric mobility in India, shifting the market from 'a push mode to a pull mode', Tata Motors Passenger Vehicle Ltd Managing Director & CEO Shailesh Chandra said on Tuesday. The company, which launched the electric version of its popular SUV Sierra at an introductory price ranging between Rs 18.79 and Rs 24.79 lakh, expects industry EV penetration in the passenger vehicle segment to be 7-8 per cent this fiscal and cross 10 per cent in FY28, he told reporters here in an interaction. While the entry of multiple players in the EV segment and the breaking of barriers across subsegments such as pricing, range anxiety, and charging infrastructure have helped EV growth, the West Asia war has also played a significant role, he added. "Around the Middle East crisis, there has been a faster acceptance. I would say, if the same customers were reluctant before, say, February 2026, they are now more amenable to considering an
Commercial vehicle maker Tata Motors has secured the majority of regulatory approvals for the Iveco acquisition, and the transaction is expected to be completed by the second quarter of this fiscal, Chairman N Chandrasekaran said on Monday. Addressing shareholders at the company's second Annual General Meeting here, he said the deal is a significant strategic step in advancing Tata Motors' global ambition. In July 2025, Tata Motors announced the acquisition of Italian commercial vehicle maker Iveco Group, excluding its defence business, for euro 3.8 billion. "A transaction of this scale, spanning multiple geographies, requires a series of mandatory regulatory approvals," Chandrasekaran said at the AGM. Tata Motors has secured the majority of these approvals and is progressing well on the remaining few, he said, adding that "We look forward to completing the transaction by Q2 FY27." Chandrasekaran said the Iveco acquisition will enable the company to access advanced powertrain and
With India's electric vehicle adoption crossing the 'early adopters' phase, Tata Motors Passenger Vehicles is turning to majority of customers to drive EV adoption with four new products and over ten refreshes lined up for launch by FY31 to sustain its leadership position. Early Adopters are those consumers who adopt a new idea or technology to gain a competitive edge. The company is preparing for the next phase of growth in its electric vehicles segment, eyeing over 30 per cent EV penetration by FY31, according to an investor presentation. "Currently, EVs are being considered by the early majority; we will enhance products to drive adoption among early and late majority customers," the company said. Early majority consumers are those who need to see successful case studies before buying, while late majority consumers are skeptical individuals who adopt only after the average person has adopted a new idea or technology. EV adoption in India has crossed "from early adopters into th