New Delhi, July 8 -- Tata Motors Passenger Vehicles Ltd (TMPVL) is targeting a sharp expansion over the remainder of the decade, aiming to grow its business tenfold by FY31, Chairman N Chandrasekaran said, outlining an ambitious roadmap centred on new product launches, electric vehicles, digital technologies and closer collaboration with Jaguar Land Rover (JLR).

Addressing shareholders at the company's 81st Annual General Meeting, Chandrasekaran said the newly demerged passenger vehicle business has entered its next phase with clear long-term growth targets.

"Looking at this decade of transformation from FY20 to FY31: we will grow the business by 10x. Our ambition is to scale to over 1.2mn+ annual sales, achieve 20% market share and dou...