Tata Motors has unveiled an ambitious roadmap to build a ₹9.52 lakh crore (US$100 billion) automotive business by FY31, underscoring its long-term focus on electric mobility, premium vehicles, and global expansion. The company plans to achieve the milestone through significant investments in its domestic passenger vehicle business and Jaguar Land Rover (JLR), while also strengthening its commercial vehicle operations. The announcement was made by Chairman N. Chandrasekaran during the Tata Motors Passenger Vehicles Annual General Meeting.
Under its five-year growth strategy, Tata Motors expects its passenger vehicle, commercial vehicle, and JLR businesses to collectively generate ₹9.52 lakh crore in revenue by FY31.
The passenger vehicle and JLR businesses together are projected to contribute ₹5.71 lakh crore (US$60 billion) in revenue. Of this, JLR is expected to account for ₹4.28 lakh crore–₹4.76 lakh crore (US$45–50 billion), while the domestic passenger vehicle business is targeting around ₹1.43 lakh crore (US$15 billion).
Meanwhile, the commercial vehicle business aims to generate ₹3.81 lakh crore (US$40 billion) in revenue. The company also expects its passenger vehicle business and JLR to deliver a combined profit of more than ₹47,600 crore (US$5 billion).
To support its expansion plans, Tata Motors will invest ₹40,000 crore in its domestic passenger vehicle business over the next five years. JLR will separately invest approximately ₹2.55 lakh crore (US$20 billion) during the same period to strengthen its global product portfolio and technology capabilities.
The company said the investments will support the development of next-generation mobility solutions, enhance manufacturing capacity, and improve its global competitiveness.
Tata Motors plans to maintain its leadership in India's electric passenger vehicle segment by sustaining a 40-45% market share, building on its current share of around 42%.
The proposed demerger of the passenger vehicle and commercial vehicle businesses into two separately listed entities is expected to improve strategic focus, operational agility, and innovation. The company believes its continued emphasis on electric vehicles, premium products, and advanced mobility technologies will strengthen domestic manufacturing, create employment opportunities, and reinforce India's position as a global automotive hub.
Tata Motors' FY31 roadmap signals its intent to accelerate growth through large-scale investments, electric mobility, and global expansion. With substantial capital allocation, ambitious revenue targets, and a sharper business structure through demerger, the automaker is positioning itself to capture opportunities across domestic and international markets while strengthening its long-term competitive advantage.
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Published on: Jul 9, 2026, 3:31 PM IST
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