Tata Motors mannequin plans and manufacturing forecast to 2029

Included on this evaluation:

• Abstract
• Latest efficiency
• Gross sales and mannequin plans
• Manufacturing developments
• Outlook
• Downloadable information (Excel)
  • Manufacturing by model (2020-2024)
  • Manufacturing forecasts by model (2020-2029)

Abstract

• Tata Motors (TM) reported wholesales of 1.34 million automobiles for the 12 months to March 2025, excluding gross sales by Jaguar Land Rover’s (JLR) Chinese language three way partnership. Greater than 70% of the automobiles have been offered both by TM’s passenger automobile operation or by JLR, the rest being light-, medium- and heavy-commercials offered by TM’s industrial automobile (CV) operation.
• With impact from 1 October 2025, that CV operation has been demerged from TM Group into TML Industrial Autos (TMLCV), a completely owned subsidiary which can be listed individually on the inventory market. The Tata Group will stay majority shareholder in each firms.
• This replace primarily focuses on the passenger automobile enterprise. A separate report on TMLCV can be revealed in 2026.
• Excluding the acquisition of JLR, TM’s efforts to scale back its reliance on the Indian market have met with restricted success to date. Passenger automobile exports amounted to simply 2,700 models within the 12 months to March 2025.
• After greater than a decade of lacklustre efficiency within the passenger automobile sector, the Tata model’s newest fashions, notably its SUVs/Crossovers, have loved important success. The model has expanded its protection of the Indian market and plans to widen its vary additional over the forecast interval.
• Like a number of different producers, JLR’s electrification plans have been rejigged in response to the slowing tempo of battery electrical automobile (BEV) demand development.
• TM’s passenger automobile output (together with CJLR) narrowly exceeded a million models in calendar 12 months 2024 however is about to fall by 10-11% in 2025. That is primarily due to unanticipated occasions corresponding to tariff disruption and a cyber-attack on JLR.
• A return to development is anticipated over the forecast interval, helped by the rising Indian market and new mannequin launches, however the conclusion of JV manufacturing in China and Jaguar’s try to focus on decrease quantity status sectors will constrain the expansion at group stage.

Latest efficiency

Yr to March 2025

In 2024/25, TM’s consolidated income edged 1.3% larger to a document INR 4,397bn, helped notably by a weaker rupee versus sterling, which turned a negligible drop in JLR’s sterling income right into a 3.8% improve in rupee phrases. The TM passenger automobile (PV) division reported a 7.5% drop in income, and there was a 4.7% decline within the CV division.

Group EBIT additionally edged larger, up 0.5% to INR 34.7bn, conserving the margin at 7.9%. JLR was once more probably the most important contributor, accounting for 77% of the whole in contrast with 75% in 2023/24. The PV division reported a 55% drop in EBIT, primarily as a result of decrease volumes, weaker combine and weaker internet pricing.

Yr to March 2026

Within the first quarter of 2025/26, group EBIT almost halved as the corporate was hit by quantity declines in all companies and a 55% fall in JLR’s EBIT (in rupee phrases) because it was impacted by US commerce tariffs and tariff uncertainty.

On the time of writing, JLR quickly hopes to renew manufacturing after a month-long shutdown following a cyber assault. The corporate has not but quantified the price of the assault, however it should clearly be substantial.

Gross sales and mannequin plans

Tata model

TM’s PV operation offered 556,400 models in 2024/25, almost all within the home market, with exports accounting for simply 2,700 models. The corporate has lengthy talked up its export plans, however the ambition has by no means been realised. PV exports in 2024/25 have been confined to Bhutan, Mauritius, Nepal and Sri Lanka, however the firm introduced in August 2025 that it was returning to the South African market after a six-year hiatus. It needs to be famous that TM is at the moment confining itself to RHD markets, because it doesn’t but have the possible volumes to justify the funding to supply LHD fashions.

Within the Indian PV market, TM is normally in third place behind Hyundai and the dominant Maruti Suzuki. Nonetheless, TM has closed the hole with Hyundai in recent times and outsold it in some months.

In calendar 12 months 2024, the Tata Punch micro-SUV turned India’s best-selling mannequin three years after its launch. The tenth place Nexon was TM’s subsequent most extremely positioned mannequin, adopted by the Tiago in twenty fourth, Altroz (thirty first) and Curvv (fortieth), which was launched in August 2024.

The Curvv is a sub-compact crossover positioned above the Nexon and can be adopted in late 2025 by the bigger Sierra, reviving a reputation that TM final used on a 1991-2003 mannequin.

In 2027, two years later than first deliberate, the all-new Avinya and Avinya X BEVs are anticipated, however additional delays to this launch shouldn’t be dominated out. TM has been discussing as many as 5 fashions within the Avinya vary (P1-P5) and growing Avinya as a premium BEV model, although solely the 2027 launch has been signed off on the time of writing. An all-new compact SUV, codenamed Scarlet, can also be anticipated in 2027.

JLR

Wholesales of Jaguar and Land Rover fashions, excluding the Chinese language three way partnership, dipped by 0.1% to 400,900 models in 2024/25. Vary Rover fashions accounted for 56% of the whole, Defender for 28.8%, Discovery 8.5% and Jaguar 6.7%. Retail gross sales, together with 34,150 models offered by the Chinese language three way partnership, have been 0.7% decrease at 428,850 models.

North America overtook China to change into the largest single retail marketplace for JLR in 2024/25, with a 27% rise to 120,300 models. Gross sales additionally grew within the UK, up 2% to 81,350 models, however gross sales in China fell 19.7% to 83,660 and in non-UK Europe by 8.5% to 71,570 models. Elsewhere there was a 3.5% fall to 71,990 models.

JLR’s best-selling mannequin in 2024/25 was once more the Defender, with retails of almost 113,000 models. The Vary Rover was subsequent at 75,870 models, adopted by the Vary Rover Sport at 74,990.

In 2021, JLR introduced its Reimagine technique, a plan to make the corporate a net-zero carbon enterprise by 2039 by specializing in trendy luxurious, sustainability, and electrification. Key elements included reworking Jaguar into an solely electrical luxurious marque, growing BEV fashions for Vary Rover, Discovery and Defender, and creating new model worlds for every marque.

Like a number of different producers, JLR’s electrification plans have been rejigged in response to the slowing tempo of EV demand development. Not like different producers, the place Jaguar is worried, JLR had just about ‘guess the farm’ on a speedy transition to EVs. In Europe, manufacturing of all Jaguar fashions besides the F-Tempo was led to 2024, however the rollout of BEV successor fashions has been delayed.

Automotive World at the moment expects a four-door all-electric GT mannequin, based mostly on the Kind 00 idea unveiled in December 2024, to be launched in late summer season 2026, presumably badged I-type. A big saloon and a big crossover—a competitor to Bentley’s Bentayga—are anticipated in 2027. It’s doable these and different near-term timings can be affected by the September 2025 cyber assault. The intention for Jaguar is to push its slimmed-down vary considerably upmarket, competing extra with Bentley and Porsche than BMW and Mercedes, not that it has been a lot of a competitor to the latter two manufacturers.

In Land Rover’s case, the primary change is the deliberate extension to the lifetime of inner combustion engine (ICE) fashions. For instance, as not too long ago as 2023, the corporate stated its Halewood plant within the UK would change into its first electric-only plant, nevertheless it has now determined to proceed constructing ICE and hybrid fashions alongside the deliberate BEVs. Relating to the latter, the primary is predicted to be the all-electric Vary Rover Velar, which is now anticipated in 2027. As Land Rover had not deliberate to go all-electric earlier than 2030, the rollout schedule has not been modified considerably.

Full particulars of recent mannequin plans are offered within the appendix.

Manufacturing developments

India

In September 2024, TM held the ground-breaking ceremony for its new US$1.1bn EV manufacturing plant at Panapakkam, Tamil Nadu. The plant was anticipated to supply each Tata and JLR-brand automobiles, however JLR withdrew from the challenge in March 2025, principally as a result of slowing demand for EVs but additionally the difficulties in sourcing elements domestically. TM is now anticipated to construct different fashions on the plant, together with ICE fashions.

Originally of 2024 TM started manufacturing at its plant in Sanand, Gujarat, which it acquired from Ford in January 2023.

In June 2024, the Tata Group signed a top level view deal to construct a US$1.6bn lithium-ion cell plant. Work on the plant, additionally in Sanand, is predicted to begin in lower than three years. It’ll have preliminary manufacturing capability of 20GWh, which might be doubled in a second part of enlargement.

UK

Following the closure of the Citadel Bromwich Jaguar plant in mid-2024, JLR operates two meeting vegetation within the UK: Halewood and Solihull. At Halewood, which builds the Evoque and Discovery Sport, JLR is investing US$660m to construct the brand new technology of EVs. Manufacturing will now happen alongside ICE fashions, the lives of that are being prolonged.

In early 2024, Agratas, Tata’s international battery enterprise, confirmed it should construct its first battery plant outdoors India in Puriton, Somerset. It’s deliberate to supply 40GWh of battery cells yearly, sufficient to produce roughly 500,000 passenger automobiles. Building began in July 2024, and manufacturing was as a result of begin in 2026 however has been pushed again to 2027.

Remainder of world

Chery Jaguar Land Rover (CJLR), a 50/50 three way partnership (JV) between JLR and Chery, is because of finish manufacturing of the long-wheelbase variations of the Jaguar XE and XF in autumn 2025, in addition to the Land Rover Discovery Sport and Evoque in 2026. The corporate’s manufacturing plant in Changshu, close to Shanghai, first opened in October 2014.

The ending of present manufacturing follows a mid-2024 settlement to restructure the JV. Chery is to construct a household of Freelander-branded EVs based mostly on Chery structure, with the primary mannequin launching in 2026. The settlement permits Chery to license the Freelander identify in return for JLR receiving half of any income. As soon as manufacturing of the present fashions has been phased out, JLR’s gross sales in China will all be provided by imports. Automotive World expects the longer term Freelander manufacturing to be included inside Chery’s consolidated numbers, so it isn’t included within the JLR manufacturing forecast.

Outlook

TM’s passenger automobile output, together with CJLR, exceeded a million models in calendar 12 months 2024 however is about to fall by 10-11% in 2025 as a result of antagonistic mixture of:

• tariff disruption;
• the unplanned shutdown as a result of cyber assault on JLR;
• the deliberate ending of most Jaguar manufacturing:
• the start of winding up the CJLR operation.

The 2025 forecast assumes the JLR operation will be capable to resume manufacturing in October, as the corporate at the moment expects.

A return to development is anticipated in 2026 and past. Tata model fashions are anticipated to profit from the rising Indian market, with the corporate’s personal forecast projecting an increase from 4.3 million models in 2024/25 to 6 million in 2029/30. Tata ought to have the ability, broadly, to maintain tempo with that rise. Automotive World doesn’t anticipate a serious enhance from exports, however, given the low start line and the corporate’s intention to broaden into new markets, we do count on some development.

JLR volumes are anticipated to get well from the antagonistic occasions of 2025, however ending manufacturing in China and Jaguar’s try to focus on decrease quantity status sectors will constrain development

Tata Motors LV manufacturing by nation, 2020-29 (000s)