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

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

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..