Tata to introduce 7 new PV, EV nameplates; 23 product refreshes by FY30

Among the additional nameplates will be Sierra, the Avinya range, ICE Product A, ICE Product B, EV Product X and EV Product Y.

Tata has already launched the mid-life facelift of the Altroz and the Harrier.ev in FY26. The company will introduce the Sierra.ev later this year.

While the domestic PV industry witnessed record wholesales of over 4,300,000 units in FY25, Tata expects the annual volumes to reach 6,000,000 units by FY30, aided by rapid growth in high-consumption households, rising per capita penetration of PV in line with growing GDP and faster replacement cycles of new cars.

The SUV segment's share is projected to expand from 55% of the domestic PV volumes in FY25 to 60% by FY30, according to the company. During the same period, the hatchback segment will take a hit declining from 24% to 20%. The sedan segment will slip from 8% to 7%, while the MPV segment will rise from 10% to 11% and the van segment from 1% to 2%.

The SUV body style will continue to dominate with a majority of the new launches being SUVs, Tata said, adding that newer styles, such as coupe and crossovers are likely to gain customer traction.

With wholesales of 553,585 units, Tata was the third largest PV manufacturer in India in terms of volumes in FY25, behind Maruti Suzuki India and Hyundai Motor India.