+
Tata Motors increases capex by 30% to Rs 32,000 crore in FY23
POWER & RENEWABLE ENERGY

Tata Motors increases capex by 30% to Rs 32,000 crore in FY23

Tata Motors has increased its capital expenditure (capex) by 30% to Rs 32,000 crore in FY23 as against Rs 23,000 crore in FY22.

The automaker plans to utilise this capex to accelerate its shift toward electric vehicles (EV) across all its passenger vehicles (PV) segments, commercial vehicle (CV), and its subsidiary Jaguar Land Rover.

The automaker will be creating its highest ever domestic investment of up to Rs 6,000 crore for the development of its portfolio capacity. On the other hand, Jaguar Land Rover would be getting about Rs 26,000 crore.

Tata Motors had also planned to roll out almost ten new EVs over the next five years.

The firm’s annual report indicated that its domestic PV business would continue to step-up new product launches and improve capacities to cater to growing demand. Despite a substantial step-up in investments, the PV business is likely to remain self-sustaining whilst the EV business investments are well-financed with the capital infusion.

Managing director of Tata Motors Passenger Vehicles Ltd & Tata Passenger Electric Mobility Limited, Shailesh Chandra, told the media that in a challenging year disrupted by the Covid-19 pandemic, semi-conductor crisis, and steep growth in commodity costs, Tata Motors set several new records in passenger and electric vehicles to make FY22 a milestone year.

Tata Motors has worked to beat South Korean automotive brand Hyundai and has become the best-selling sport utility vehicle (SUV) maker in India in FY22. As of now, Tata Motors is also leading the EV space in India with over 70% of the market share and its Nexon EV being the best-selling electric car in the nation.

Chandra said that the company also operationalised two subsidiaries- Tata Motors Passenger Vehicles Ltd concentrating on passenger vehicles powered by IC engines and Tata Passenger Electric Mobility Limited to accelerate the growth of the passenger EV business and its enabling ecosystem with TPG Rise Climate as an investor. Going forward, the need for our New Forever range persists to remain strong even as the semi-conductor situation and supply-side challenges remain uncertain.

Tata Motors already has cash flows worth about Rs 9,504 crore for the FY23, both for JLR and domestic operations - despite the raised capital expenditure spending.

Image Source

Also read: Tata Motors anticipates PV industry to exceed FY19 volumes this year

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Tata Motors has increased its capital expenditure (capex) by 30% to Rs 32,000 crore in FY23 as against Rs 23,000 crore in FY22. The automaker plans to utilise this capex to accelerate its shift toward electric vehicles (EV) across all its passenger vehicles (PV) segments, commercial vehicle (CV), and its subsidiary Jaguar Land Rover. The automaker will be creating its highest ever domestic investment of up to Rs 6,000 crore for the development of its portfolio capacity. On the other hand, Jaguar Land Rover would be getting about Rs 26,000 crore. Tata Motors had also planned to roll out almost ten new EVs over the next five years. The firm’s annual report indicated that its domestic PV business would continue to step-up new product launches and improve capacities to cater to growing demand. Despite a substantial step-up in investments, the PV business is likely to remain self-sustaining whilst the EV business investments are well-financed with the capital infusion. Managing director of Tata Motors Passenger Vehicles Ltd & Tata Passenger Electric Mobility Limited, Shailesh Chandra, told the media that in a challenging year disrupted by the Covid-19 pandemic, semi-conductor crisis, and steep growth in commodity costs, Tata Motors set several new records in passenger and electric vehicles to make FY22 a milestone year. Tata Motors has worked to beat South Korean automotive brand Hyundai and has become the best-selling sport utility vehicle (SUV) maker in India in FY22. As of now, Tata Motors is also leading the EV space in India with over 70% of the market share and its Nexon EV being the best-selling electric car in the nation. Chandra said that the company also operationalised two subsidiaries- Tata Motors Passenger Vehicles Ltd concentrating on passenger vehicles powered by IC engines and Tata Passenger Electric Mobility Limited to accelerate the growth of the passenger EV business and its enabling ecosystem with TPG Rise Climate as an investor. Going forward, the need for our New Forever range persists to remain strong even as the semi-conductor situation and supply-side challenges remain uncertain. Tata Motors already has cash flows worth about Rs 9,504 crore for the FY23, both for JLR and domestic operations - despite the raised capital expenditure spending. Image Source Also read: Tata Motors anticipates PV industry to exceed FY19 volumes this year

Next Story
Real Estate

Mumbai Records 11,230 Property Deals in August 2025

Mumbai’s property market remained resilient in August 2025, with 11,230 property registrations recorded under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, according to data released by Knight Frank India. While this marks a 3 per cent year-on-year (YoY) decline compared to 11,631 registrations in August 2024, activity stayed robust despite the marginal dip.On a month-on-month (MoM) basis, registrations fell 11 per cent from 12,579 deals in July 2025, indicating seasonal moderation. However, the city’s stamp duty collections still reached Rs 10 billion, reflecting a 6 per cent..

Next Story
Infrastructure Transport

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Next Story
Infrastructure Transport

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?