Tata Motors is currently the 2nd largest carmaker in the country in terms of volumes with 13.4% market share. The company has been steadily expanding its portfolio and their update engine for current portfolio also seems to be on an afterburner with both ICE (Petrol, Diesel, CNG) and EV lineups.
Now, Tata Motors has confirmed that they aim to increase their market share to around 20% across both ICE and EV lineups by 2030 to capture 1/5th of India’s passenger car segment. The company will increase the production capacities at their facilities to boost sales of their current models and make wiggle room for future models.
Tata Motors Market Share Projections
We’re halfway into calendar 2026 and we already witnessed the commencement of Sierra ICE deliveries, launch of Punch ICE facelift, Punch EV facelift, Tiago ICE facelift and Tiago EV facelift. The company will soon launch electric versions of two of its most iconic nameplates – Sierra EV and Safari EV.
Tata Motors Chairman, N Chandrasekaran, spilled some beans about the company’s future roadmap and investments at the company’s dealer business planning meeting for the year 2026. He expressed that Indian passenger vehicle segment can grow to around 60 lakh annual units by 2030, which brings a huge potential for Tata Motors to increase their current market share.
The company has committed a budget of Rs 35,000 Crores in terms of expenditure and investments to take Tata Motors’ annual passenger vehicle production of 12 lakh units per annum and secure around 20% of the market share. Tata’s current PV market share stands at 13.4% in the month of May 2026 with 59,090 units sold.
What to expect?
He mentioned that Tata Motors has significantly strengthened its market share in the country with heavy hitters like Punch and Nexon, while others have also made meaningful contributions. The company already enjoys the lead position in passenger EV segment by strategic early investments while other stalwarts waited it out and played it safe.
N Chandrasekaran expressed the importance of the role played by dealer network in sales and after-sales service. He also stressed the the need to improve customer experience across both sales and after-sales service to achieve their long-term growth ambitions to achieve 20% market share by 2030.
After the launch of Sierra EV and Safari EV, the company is expected to introduce a production-spec version of their first-ever Avinya model based on the Chery Land Rover platform from new Freelander EV. There could be an AWD version of Sierra, Altroz EV and others in the pipeline.
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