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Market Chatter: Tata Group Expects Auto Division to Contribute $100 Billion in Revenue by 2031

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Tata Group expects its automotive division to contribute about $100 billion in revenue by the year ended March 2031, Bloomberg reported Thursday, citing the Indian conglomerate's chairman.

The bulk of the revenue target is expected to come from Jaguar Land Rover at about $45 billion to $50 billion, followed by the commercial vehicle business with $40 billion.

The balance is expected to come from the group's cars and auto components business, Natarajan Chandrasekaran reportedly said at Tata Motors Passenger Vehicles' (NSE:TMPV, BOM:500570) annual meeting.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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