Driving Volume Growth
The company is targeting a 15% annual increase in vehicle sales for the next half-decade. This growth will be largely powered by their expanding electric vehicle (EV) and compressed natural gas (CNG) offerings.
Boosting Production Capacity
To meet this demand, Tata Motors plans to ramp up its production capacity to 1.3 million units within the next 2 to 3 years. This expansion is crucial for achieving their ambitious sales targets.
Expanding Product Line & Profitability Goals
By 2031, Tata Motors aims to have 15 different vehicle models in its portfolio. Simultaneously, they are focused on improving their profitability, with a goal of reaching 10% in consolidated EBIT margins by FY31.
Long-Term Financial Targets
Looking further ahead, Tata Motors has set ambitious financial objectives. They aim for a consolidated adjusted profit before tax of ₹30,000 crore by FY29 and ₹50,000 crore by FY31, highlighting their commitment to growth and profitability in green mobility.
