2027 CV Outlook
The automaker aims to achieve 40% market share and earnings before interest, taxes, depreciation and amortisation (EBITDA) to be in the teens by 2027 in the commercial vehicle segment.
The 40% market share target implies a growth of 650 basis points from its current commercial vehicle market share of 33.5%.
Tata Motors also said its capital expenditure will be 2% – 4% of its revenue.
Tata Motors guided for free cash flow to be between 7% and 9% of revenue and at sustaining high return on capital employed (RoCE) and reduced volatility in the segment by 2027.
FY26 PV business outlook
Tata Motors expects demand growth to be muted for its passenger vehicle business in the ongoing fiscal year. The salience shift to SUVs will continue, competitive intensity will remain high and there is limited headroom in changing the segment’s price points, it said in its investor presentation.
Tata Motors also said global trade uncertainties could result in continued volatility in the financial year 2026.
FY26-30 PV business outlook
The automaker said volume growth during the financial year 2026-2030 period will be well ahead of market. It is also eyeing 16% market share for passenger vehicles by financial year 2027, which will imply a growth of up 310 basis points from its current market share of 12.9%.
This is including an electric vehicles (EVs) market share, that is likely to range between 18% and 20% over the next two to three years. The company also guided for a double-digit EBITDA during this period.
FY26-30 EV business outlook
The automaker said penetration of electric vehicles will be 20% by financial year 2027 and cross 30% by financial year 2030.
It has projected positive EBITDA to continue and improve in the FY26-30 period. However, the company has warned that free cash flow will remain negative in the medium term, even though the EV business is well-funded for the next three years.
Shares of Tata Motors Ltd gained 2.1% to hit an intraday high of ₹726 apiece on Monday, June 9. The stock has declined 3.6% this year, so far.
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