Tata Motors PV eyes 15% market share soon, targets 20% by FY31: MD

•Tata Motors Passenger Vehicles aims to reach 15% domestic market share soon, with a target of 20% by FY31.

•The company has grown nearly 40% over the past year, with electric vehicles accounting for over 25% of total sales in September.

•Tata Motors plans to drive double-digit growth through investments in new product categories, powertrain expansion, and faster product interventions.

•The company aims to sell 1.2 million vehicles annually by FY31 and is focusing on segments where it lacks presence, affordability shifts, and faster-growing powertrains like EVs and CNG.