Tata Motors FY 31 Launch Plans – 15 ICE Cars and 10 EVs

By FY31, Tata’s portfolio would have expanded to include 6 new ICE models, 4 new EVs and various facelifts and refreshes

During its recent Investor Day meet, Tata Motors unveiled its plans for the next five years. In addition to new product launches, the company will also focus on increasing market share and production capacity. A significant percentage of the company’s growth by FY31 will be powered by its current and upcoming EVs and CNG cars.

Tata FY31 EV plans

Tata currently leads the EV segment in India with a market share of close to 40%. Its existing portfolio includes Tiago EV, Punch EV, Nexon EV, Curvv EV and Harrier EV. By FY31, Tata will be introducing 4 new EV models. Two of these are already known, the Sierra EV and the Avinya electric SUV. Sierra EV is planned for launch on 30th June, whereas the Avinya electric SUV could make its debut later this year.

There will be two more Tata EV models by FY31. However, official details about these are not available. One option could be the Safari EV, which has been spotted on road tests. Tata could introduce the 7-seater Safari EV around the upcoming festive season. It will primarily rival Mahindra XEV 9S. Tata’s fourth new EV model could be an electric MPV.

This would be a good addition, considering that Tata currently does not have an electric MPV in its portfolio. Assuming it is launched, Tata’s first electric MPV will take on rivals like Kia Carens Clavis EV. However, there is no official confirmation about these possibilities. By FY31, Tata’s EV portfolio would have grown to 10 models. During this period, Tata will also be introducing more than ten facelifts and refreshes for its EV portfolio.

Tata FY31 ICE plans

Tata currently has nine models in the ICE segment. There are plans to expand the ICE portfolio to 15 models by FY31. During this time, Tata will be introducing 6 new models and more than 20 facelifts and refreshes. The new models will capture existing segments, while also creating new segments in the Indian passenger vehicle space.

Tata will target both high-growth segments and white spaces. There will be focus on a multi-powertrain strategy to expand customer base. By FY31, there are plans to target over 80% of the country’s PV market. In every segment it operates, Tata is aiming for a 25%+ market share by FY31.

Production plans (FY31)

With ever increasing demand for its cars, Tata will be increasing production in a significant manner. There are plans to increase the current annual capacity of around 900,000 units to 1.3 million units over the next 2-3 years. Tata has plants at locations like Pune, Sanand, Ranjangaon and Panapakkam.

Production capacity will be increased using a multi-pronged approach. There will be new facilities as well as structural expansion of key shops at existing facilities. Tata will focus on building flexible and fungible manufacturing facilities across its plants. Supplier capacities will also be increased, as Tata aims for higher volumes over the next five years.

EV and CNG models will play a key role in supporting Tata’s volume growth by FY31. EV penetration is targeted at 30%+. In the CNG space, Tata has plans to capture 25%+ market share. The company leads in the EV space and has the second-largest portfolio of CNG cars, behind only Maruti Suzuki.