# Tata Motors PV Targets 20% Market Share by FY31

> Tata Motors PV aims for 20% domestic market share by FY31 with 15% target soon.
- Title: Tata Motors PV Targets 20% Market Share by FY31 | Shortify
- Summary: Tata Motors PV aims for 20% domestic market share by FY31 with 15% target soon. Tata Motors PV expects to reach 15% domestic market share soon and aims for…
- Keywords: tata motors pv, shailesh chandra, market share, fy31, electric vehicles, annual vehicle sales, sustainable powertrains, cng powertrain, mpvs, lifestyle suvs, Tata, Motors
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/auto/cars-uvs/tata-motors-pv-eyes-15-market-share-soon-targets-20-by-fy31-says-md-shailesh-chandra/articleshow/134515725.cms
- Author: ET Online
- Published: 2026-09-27T06:18:00+00:00
- Read time: 1 min
- Topics: tata motors pv, shailesh chandra, market share, fy31, electric vehicles, annual vehicle sales, sustainable powertrains, cng powertrain, mpvs, lifestyle suvs
## Market Share Target
Tata Motors PV expects to cross 15% domestic market share soon and aims for 20% by FY31.
## Growth Strategy
The division aims to drive expansion through capital investments in unexplored segments, accelerated product updates, and broader powertrain offerings.
## Recent Performance
The passenger vehicle division surged nearly 40% in growth over the past year, with electric vehicles projected to account for over 25% of sales by September.
## Electric Vehicle Focus
Tata Motors PV targets over 25% electric vehicle penetration by September, emphasizing sustainable powertrains and emission-friendly options.
## Strategic Growth Axes
The company plans to target unentered segments like MPVs and lifestyle SUVs, cater to evolving affordability across price points, and capitalize on EV and CNG powertrain growth.
## Annual Sales Target
Tata Motors PV aims for 1.2 million annual vehicle sales and 20% market share by FY31 through agile business strategies.
## Market Share Timeline
Tata Motors PV expects to reach 15% market share very soon, with the next 5% achievable within the next five years.
## Key takeaway

Tata Motors PV expects to reach 15% domestic market share soon and aims for 20% by FY31 through EV growth and strategic investments.