India's Tata Motors PV targets 18–20% market share, double-digit margin (updated)
UPDATE 1-India's Tata Motors PV targets 18–20% market share, double-digit margin Adds details throughout
June 16 (Reuters) - India's Tata Motors Passenger Vehicles TAMO.NS said on Tuesday it is targeting a market share of 18–20% and a double-digit EBITDA margin, as it plans to invest billions across its passenger vehicle and electric vehicle segments.
Here are some key takeaways from its annual report:
Tata Motors PV plans to invest 330 billion to 350 billion rupees ($3.49 billion-$3.70 billion) in its passenger and electric vehicle business from FY26-30
The company expects steady domestic demand, driven by growth in sport utility vehicles, compressed natural gas models and electric vehicles
"We enter FY27 with confidence, supported by a robust pipeline of new launches and multi-powertrain offerings," Chairman N Chandrasekaran said
Jaguar Land Rover, which contributes about 80% to Tata's revenue, plans to maintain its £18 billion ($24.15 billion) investment plan over the five years from fiscal 2024
JLR aims to lower its breakeven volumes to around 300,000 units over the next two years by targeting £1.7 billion in cost savings
Tata Motors PV will continue to focus on electric vehicles, with five new models planned by FY30 and investments in its zero-emission ecosystem
($1 = 94.4975 Indian rupees)
($1 = 0.7453 pounds)
($1 = 94.4975 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
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