MUMBAI: Tata Group has set a target of $100 billion in automotive revenue by FY2031, chairman N Chandrasekaran said Wednesday, laying out an ambitious growth path for the conglomerate’s largest business vertical.The automotive portfolio spans Tata’s two listed vehicle makers-commercial and passenger-alongside its privately-held components unit.Jaguar Land Rover, the group’s British luxury marque, is expected to remain the single-largest contributor, generating $45-50 billion in revenue by the target date. Commercial vehicles, once combined with the pending Iveco acquisition, is projected to add a further $35-40bn.
The goal marks a doubling of Tata’s automotive business from $50 billion in revenue in FY26, when passenger vehicles generated $38bn-with JLR accounting for 80% of that-and the components unit added $2. 5bn.Commercial vehicles generated $9.5 billion in FY26 on a standalone basis; including Iveco, the combined figure was $25 billion. That is expected to grow to $35-40 billion over the next five years once the Italian truck maker’s acquisition closes, targeted for Q2 FY27.Chandrasekaran said the automotive business is also targeting $5 billion in profit by FY2031, a marker that would place Tata’s operations among the more profitable diversified auto groups globally if achieved.Underpinning the targets is a heavy capital commitment: Tata plans to invest Rs 40,000 crore in its domestic passenger vehicle business over the next five years, alongside £20 billion at JLR over the same period, as it pushes ahead with new model launches and electrification. In commercial vehicles, capital expenditure will run at 2-4% of annual revenue, with roughly 55% of that spend earmarked for future technologies.
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