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Tata Motors PV Share Price Target: Tata Motors Passenger Vehicles (TMPV) is expected to remain in focus in the coming sessions following the company’s Q4 earnings announcement, which showed a 31.29 per cent year-on-year decline in consolidated net profit to Rs 5,878 crore for the quarter ended March 31.
The results from the passenger vehicle arm came shortly after the company’s commercial vehicle business reported its Q4 performance on May 13.
Despite the decline in profitability in the PV segment, investor sentiment is likely to remain influenced by management commentary and forward-looking demand indicators. Brokerage firm Emkay Global Financial Services has maintained a constructive stance on the stock.
Emkay maintains ‘ADD’
Emkay has retained its ‘ADD’ rating on Tata Motors Passenger Vehicles with a target price of Rs 440, implying a potential upside of nearly 29.8 per cent from current levels.
The brokerage said the company continues to demonstrate resilient performance in the domestic passenger vehicle segment, alongside a strong recovery in Jaguar Land Rover (JLR).
However, commodity cost pressures are expected to persist, with management guiding for a 3.5–4 per cent impact in Q1FY27. The impact is expected to be partially offset through cost-reduction initiatives, operating leverage benefits, and an improved product mix.
Emkay also noted that recent fuel price hikes have not yet had any meaningful impact on demand trends.
Tata Motors PV Guidance
In its post-Q4 management commentary, the company said JLR will maintain its planned investment of 18 billion euros during FY24–FY28, target breakeven at 300,000 units, and aim for savings of 1.7 billion euros through its Enterprise Missions strategy.
Key product launches planned over the next few years include the Range Rover Electric and new Jaguar models by FY27.
Meanwhile, Tata Motors Passenger Vehicles expects strong domestic demand to be driven by SUVs, CNG vehicles, and EVs. Management added that FY27 growth is likely to be supported by capacity expansion, upcoming launches, and a multi-powertrain strategy.
Tata Motors PV Share Price
Shares of the BSE 100 stock settled 0.6 per cent, or Rs 2.15 higher, at Rs 338.85 on May 14. The company’s market capitalisation stood at Rs 1,24,779.33 crore.
Tata Motors PV Stock Performance
Tata Motors Passenger Vehicles has witnessed weakness in the near term, with negative returns over the past one week, one month, three months, and one year. Since January 1, the stock has delivered a return of -7.77 per cent.
However, its longer-term performance remains strong, with gains of 75.54 per cent over five years and 40.59 per cent over the past decade.
Readers should note that, from October 2025, Tata Motors was restructured into two separate listed entities: Tata Motors Passenger Vehicles, focused on cars and SUVs, and TML Commercial Vehicles, focused on trucks and buses. Since the restructuring, the passenger vehicle stock has remained under pressure
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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