In FY'18, Tata Motors, grew by 31 per cent in its Passenger Vehicle Business Unit (PVBU). Homegrown auto major, Tata Motors is an automotive manufacturing company and a member of the Tata Group. With a diverse portfolio that covers a comprehensive selection of passenger and commercial vehicles, the group has subsidiaries like Jaguar Land Rover, Tata Hispano, Tata Daewoo, Tata Motors Cars among others. Focussing on the passenger car market, at present, Tata Motors is regaining momentum in the passenger vehicle market by launching new products — Tiago Hatchback, Hexa SUV, Tigor Compact Sedan and Nexon Compact SUV, in the last 18 months.
According to Financial Express, Tata Motors will invest `12,000 crore ($ 1.75 billion) in India in the passenger car segment over the course of the next 3 years. A large part of this fresh investment will go towards meeting the demand for new vehicles from Tata Motors.