Tata Motors Passenger Vehicles Ltd (TMPV) has set an ambitious growth roadmap for the rest of the decade, targeting a ten-fold increase in volumes between FY20 and FY30, sales of more than 1.2 million vehicles and a 20 per cent share of the passenger vehicle market, Chairman N Chandrasekaran said on Wednesday.
"Looking ahead in the next five years, the company has a big ambition. Basically, in the decade between FY20 and FY30, the company wants to achieve a 10x growth in volumes with an ambition of 1.2 million-plus vehicles and achieve a market share of 20 per cent from the current 14.2 per cent," Chandrasekaran said while addressing shareholders at the company's Annual General Meeting.
