Tata Motors is now preparing to take a bigger leap in the Indian automobile market. The company has set a target to increase its share in the passenger vehicle segment from 14.2% to 20% in the coming years. To achieve this goal, the company is investing extensively in Artificial Intelligence (AI), launching new cars and modern technologies. Tata Motors believes that new technology and strong product lineup will make the company stronger in the market.
Tata Motors Chairman N. Chandrasekaran told the company’s Annual General Meeting (AGM) that the company has performed brilliantly in the last six years. During this period, the company’s share in the passenger vehicle market has increased from 4.2% to 14.2%. At the same time, after the Corona epidemic, the sales of the company’s cars have increased by almost five times and the revenue by six times. This is considered a big achievement for Tata Motors.
Big investment on AI, new technology will be used at every level
Chandrasekaran said that the company is now increasing the use of Artificial Intelligence across its entire value chain. Manufacturing, supply chain, customer services and development of new cars will be further improved with the help of AI. The company believes that AI will play the biggest role in the future auto industry and it will also provide better experience to the customers.
Strong grip of Nexon and Punch
Tata Motors’ popular SUVs Nexon and Punch are consistently among the best-selling cars in the country. The company said that the sales of its CNG cars are also increasing at a faster pace than the entire industry. It is clear from this that the trust of customers on Tata cars is continuously strengthening.
Focus will be on electric vehicles and new launches
The company said that currently about 15,000 electric vehicles (EVs) are being sold every month. Apart from this, Jaguar Land Rover (JLR) is also preparing to launch several new vehicles in the second half of financial year 2027. However, due to the recent cyber attack, JLR production was affected for some time.
The pace of Tata Motors will increase further
Tata Motors believes that on the basis of AI, electric vehicles, CNG models and strong pipeline of new cars, the company can be successful in increasing its share in the Indian passenger vehicle market to 20% in the coming time. If this strategy is successful, competition will become even tougher for Maruti Suzuki, Hyundai and other companies.
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