Tata Group aims to take its automobile business to $100 billion in the next five years

Mumbai: Tata Group Chairman N. Chandrasekaran said on Wednesday that the group’s automobile business is expected to reach US $ 100 billion in the next five years. For this, a target of capital expenditure of Rs 40,000 crore has been set in the domestic business and about 20 billion British pounds in Jaguar Land Rover (JLR).
Addressing the company’s 81st Annual General Meeting (AGM) online here on Wednesday, Chandrasekaran, while answering questions from shareholders, said that the company aims to maintain 40-45 percent market share in the electric vehicle (EV) market. At present its market share is about 42 percent.