New Delhi, July 8 -- Tata Motors has unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent market share in India's passenger vehicle market, and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.
Speaking at the company's 81st Annual General Meeting (AGM), Chairman Natarajan Chandrasekaran said Tata Motors aims to achieve a tenfold increase in passenger vehicle volumes over the decade from FY20 to FY30.
"Looking ahead in the next five years, the company has a big ambition. Between FY20 and FY30, we want to achieve a 10x growth in volumes with an ambition of over 1.2 million vehicles ...