Tata Motors anticipates PV industry to exceed FY19 volumes this year

25 May 2022 CW Team

The company envisions a better business environment this FY, even as chip shortages continue to make it challenging to cater to the improved demand.

The auto major also listed an upsurge in commodity costs as a significant factor that could have a bearing on its profitability in the ongoing FY.

Tata Motors Managing Director Passenger Vehicle and Electric Vehicles Shailesh Chandra told the media that the company has seen various agencies, which are estimating volume towards a possibility of the industry exceeding the peak that has been witnessed in FY19 of 3.4 million units.

So as far as Tata Motors is concerned, certain electronic components will remain a challenge, but several actions are taken to mitigate this threat in terms of developing alternatives, additional resources, close coordination with semiconductor suppliers, and at times the open market cost, he said.

Chandra said that the firm is also taking significant measures to decrease cost structures across the organisation.

The company will continue to innovate and concentrate on value engineering, and nine levers have been identified to enhance profitability in the next financial year.

Chandra said that demand for electric vehicles (EVs) and compressed natural gas (CNG) models are growing in the domestic market due to a rise in fuel prices.

Chandra said the automaker is also going for certain capacity debottlenecking steps to unlock the next phase of development planned for this fiscal year.

With demand for EVs remaining very robust, the firm is fast ramping up the supplies.

The firm has already increased our supplies by about 3.5 times in the last six months. The company plans to roll out 10 EVs over the next five years, Chandra said.

Image Source

Also read: Tata Motors to boost EV production as demand increases

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Tata Motors anticipates the domestic passenger vehicle industry to surpass the peak sales number of 34 lakh units achieved in financial year (FY) 2019 this year on the back of strong demand and fewer Covid-related disruptions that were seen in the last two years. The company envisions a better business environment this FY, even as chip shortages continue to make it challenging to cater to the improved demand. The auto major also listed an upsurge in commodity costs as a significant factor that could have a bearing on its profitability in the ongoing FY. Tata Motors Managing Director Passenger Vehicle and Electric Vehicles Shailesh Chandra told the media that the company has seen various agencies, which are estimating volume towards a possibility of the industry exceeding the peak that has been witnessed in FY19 of 3.4 million units. So as far as Tata Motors is concerned, certain electronic components will remain a challenge, but several actions are taken to mitigate this threat in terms of developing alternatives, additional resources, close coordination with semiconductor suppliers, and at times the open market cost, he said. Chandra said that the firm is also taking significant measures to decrease cost structures across the organisation. The company will continue to innovate and concentrate on value engineering, and nine levers have been identified to enhance profitability in the next financial year. Chandra said that demand for electric vehicles (EVs) and compressed natural gas (CNG) models are growing in the domestic market due to a rise in fuel prices. Chandra said the automaker is also going for certain capacity debottlenecking steps to unlock the next phase of development planned for this fiscal year. With demand for EVs remaining very robust, the firm is fast ramping up the supplies. The firm has already increased our supplies by about 3.5 times in the last six months. The company plans to roll out 10 EVs over the next five years, Chandra said. Image Source Also read: Tata Motors to boost EV production as demand increases

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..