<?xml version="1.0" encoding="UTF-8"?>
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2022-03-31/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Prior_Intimation_Of_Board_Meeting/2022-03-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Prior_Intimation_Of_Board_Meeting/2022-03-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-type="https://www.sebi.gov.in/xbrl/2022-03-31/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink">
<link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2022-03-31.xsd"/>

<xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit>
<in-capmkt:NSESymbol contextRef="OneI">TATACONSUM</in-capmkt:NSESymbol>
<in-capmkt:ISIN contextRef="OneI">INE192A01025</in-capmkt:ISIN>
<in-capmkt:TypeOfIntimation contextRef="OneD">New</in-capmkt:TypeOfIntimation>
<in-capmkt:DateOfProposedMeeting contextRef="OneD">2024-01-19</in-capmkt:DateOfProposedMeeting>
<in-capmkt:WhetherTradingWindowIsClosed contextRef="OneD">true</in-capmkt:WhetherTradingWindowIsClosed>
<in-capmkt:StartDateOfTradingWindow contextRef="OneD">2023-12-25</in-capmkt:StartDateOfTradingWindow>
<in-capmkt:EndDateOfTradingWindow contextRef="OneD">2023-12-25</in-capmkt:EndDateOfTradingWindow>
<in-capmkt:Agenda1 contextRef="OneD">Fund raising</in-capmkt:Agenda1>
<in-capmkt:ModeOfRaisingFunds contextRef="OneD">Debt issue</in-capmkt:ModeOfRaisingFunds>
<in-capmkt:Mode1OfRaisingFunds contextRef="OneD">Rights issue</in-capmkt:Mode1OfRaisingFunds>
<in-capmkt:RemarksWebsiteDissemination contextRef="OneI">The Trading Window will open 48 hours after the said financial results are declared to the Stock Exchanges. The excel utilty does not allow to enter text in trading window close date, hence dummy date has been entered</in-capmkt:RemarksWebsiteDissemination>
</xbrli:xbrl>