Tata Motors Passenger Vehicles on Tuesday said that it expects revenue to exceed Rs 6 lakh crore by fiscal year 2031, with an earnings before interest and tax (EBIT) margin of 10%. Under its growth outlook, the company is targeting sales of more than 1.2 million units, driven largely by electric vehicles (EVs) and compressed natural gas (CNG) models.
The automaker targets an annual production capacity of 1.3 million within the next 2-3 years from the current capacity of nine lakh units.
