Pro Plus

Tata Motors targets 1 million annual sales by FY30

The target, shared with vendor partners, will require the automaker to grow almost twice as fast as the industry. On hybrids, the management said it plans to be reactive rather than proactive, adjusting its strategy according to market demand.

By Ketan Thakkar

27 Sep 2024

8777 Views

Tata Motors targets 1 million annual sales by FY30

Tata Motors, the country’s third-largest car maker, has set a long-term target of achieving 1 million units in annual sales by FY30. The maker of Punch and Nexon SUVs has asked its supplier partners to be ready for sustained growth in the future, and assured them it will strive to consistently outpace the market and enter new segments.

Going by the target, Tata Motors is looking to grow almost 50% faster than the market. On the base of 5.82 lakh unit sales in FY24, one million unit sales by FY30 implies a CAGR of 9.44%. During the same period, ...

This is an Autocar Pro Plus article. Subscribe to continue reading.