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

03 Jun 2022 CW Team

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

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

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

Infrastructure Urban

08 May 2026

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Infrastructure Transport

08 May 2026

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..