Buoyed by the sharp rise in demand after the implementation of Goods and Services tax 2.0 and rising opportunities for exports due to trade deals, top auto companies have capex plans of over Rs 1 lakh crore in the next few years. This includes Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Toyota Kirloskar and others. Tata Motors has announced one of the most aggressive capex roadmaps of Rs 33,000–35,000 crore in its passenger vehicle business between FY26-FY30. This will include Rs 16,000–18,000 crore for the electric vehicle portfolio. A new facility at Ranipet in Tamil Nadu, with eventual capacity of 2.5–3 lakh units, will support EV production and deeper localisation of Jaguar Land Rover models.