Tata Motors Passenger Vehicles Ltd.

Tata Motors is eyeing its capex to increase to up to Rs 6,000 crore in the ongoing fiscal to support various programmes across its commercial, passenger and electric vehicles verticals. While the company has committed investments for its businesses to get well funded and the transition to the electrification roadmap, it has identified inflation and semiconductors shortage as the two big worries, while also being cautious about rising interest rates and continued inflation having an impact on demand going forward.

The investments will be spread across the company's different verticals of commercial vehicles, passenger vehicles and electric vehicles.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.