Tata Motors PV Maps Rs 6 Lakh Crore Revenue And Rs 30,000 Crore Profit By FY31
Passenger vehicle arm outlines ambitious FY31 financial expansion plan.
Tata Motors Passenger Vehicles (PV) division has unveiled an ambitious long-term growth roadmap, targeting a significant expansion in revenue and profitability by FY31. The announcement was made during the company’s Investor Day 2026 on Tuesday, even as its stock witnessed pressure in intraday trade following the disclosure of its strategic outlook.
According to the company’s plan, Tata Motors PV is aiming to scale its revenue to nearly ₹6 lakh crore by FY31, driven primarily by strong growth in electric vehicles (EVs) and compressed natural gas (CNG) segments. The company is also targeting a 15 per cent compound annual growth rate (CAGR) in volumes over the next five years, reflecting its focus on expanding market share in India’s rapidly evolving passenger vehicle market.
Alongside revenue expansion, the automaker has laid out a detailed profitability roadmap. It aims to achieve a consolidated EBIT margin of 7 per cent by FY29, with further improvement to 10 per cent by FY31. The company also projects a steep rise in consolidated adjusted profit before tax (PBT), targeting ₹30,000 crore by FY29 and ₹50,000 crore by FY31, signalling expectations of stronger operational efficiency and improved product mix.
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The strategic blueprint comes at a time when the company is accelerating its transition toward green mobility solutions. EVs and CNG-powered vehicles are expected to serve as key growth drivers, supported by capacity expansion plans and continued investment in new-generation automotive technologies. The roadmap reflects Tata Motors’ broader push to align with changing consumer preferences and tightening emission standards in domestic and global markets.
Following the announcement, shares of Tata Motors PV slipped by around 2 per cent in afternoon trade, with the stock last trading at ₹353.65 on the National Stock Exchange. Market participants reacted to the aggressive long-term targets, which signal both significant growth potential and execution challenges in a highly competitive automotive landscape.
Despite short-term market pressure, the company’s outlook underscores its confidence in sustained demand for passenger vehicles and the accelerating shift toward cleaner mobility solutions. The roadmap positions Tata Motors PV for a major transformation over the next decade, with a strong emphasis on profitability, scale, and sustainable growth.
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