Tata Motors unveils FY31 expansion, EV push and digital mobility plan

Tata Motors announced a multi‑year growth strategy that will lift its passenger‑vehicle portfolio from nine to fifteen models by FY 2031, adding six new internal‑combustion‑engine nameplates and expanding its electric‑vehicle (EV) lineup from six to ten models. The plan involves capex of ₹37,500–₹40,000 crore, boosting annual production capacity to about 1.3 million units and targeting sales of more than 1.2 million vehicles, aiming for a 20 % share of the Indian passenger‑vehicle market.

The company will roll out the Sierra EV on 30 June 2026, offering single‑ and dual‑motor versions with all‑wheel drive – a first for the model – and will launch the Avinya premium EV by the end of 2026. Tata also aims to make its EV business profitable after subsidies end by cutting costs, localising battery and power‑electronics components, and expanding its EV range.

Beyond products, Tata Motors Commercial Vehicles is investing ₹1,200 crore over three years in digital platforms, a mobility‑as‑a‑service (MaaS) offering and international expansion, seeking a 20 % share of the global MaaS market by 2027. Brokerages reaffirmed a constructive view on the stock, with shares rising about 4 % on 24 June 2026 following bullish calls.

Overall, the roadmap combines higher‑margin EV growth, broader model breadth, and a shift toward tech‑driven services to reduce reliance on cyclical truck demand.