Tata Motors Eyes Doubled Revenue on EV and Gas Push

Tata Motors Passenger Vehicles has outlined ambitious goals, aiming to nearly double its revenue and sales volumes by fiscal 2031. The company projects its revenue to surpass 6 trillion rupees, a substantial increase from 3.36 trillion rupees in fiscal 2026. Concurrently, sales volumes are expected to grow to over 1.2 million units from 640,000 units.

The strategy heavily relies on expanding its electric and gas-powered vehicle offerings. These segments are expected to contribute a significant proportion to the overall volume target. The automaker is also planning a substantial investment of 330 billion to 350 billion rupees in its passenger and EV businesses between fiscal years 2026 and 2030.

To support this expansion, Tata Motors intends to increase its annual production capacity to 1.3 million units within two to three years from the current 900,000 units. The company is also targeting a 10% EBIT margin as part of its strategic roadmap toward fiscal 2031.