On this page

Tata Motors PV drops 5% as brokerages split on JLR risks and domestic growth

Tata Motors Passenger Vehicles fell over 5% after a disappointing Q1 backdrop. Brokerages diverged: Motilal Oswal retained Sell on JLR headwinds and debt, Nomura stayed Neutral, while JM Financial backed domestic passenger-vehicle and EV-led volume growth.

Read next

  1. Tata's passenger vehicle arm grows 35% in first year after demerger, targets 12 lakh units a year by FY31, , Autocar India
  2. Tata Motors, Stellantis sign deal to develop vehicles for 50-plus global markets, with production planned at Pune JV, , ET Auto Retail
  • Banaraswala: 3 → 50 outlets by March 2027
  • Nestle India: Sales +20.5% · Profit +36.3%

Reported figures

From the report. Source details below

Share price around Rs 332
52-week high Rs 419; 52-week low Rs 294.30
Stock down about 9% in 2026
Adjusted Q1 PAT Rs 1,140 crore versus estimated Rs 120 crore loss
Consolidated automotive debt Rs 42,200 crore versus Rs 30,700 crore previous quarter
Motilal Oswal target Rs 310, implying 7% downside
Nomura target Rs 389, implying 17% upside
JM Financial target Rs 375, implying 13% upside
Domestic passenger vehicle volumes grew 46.3% year-on-year
Domestic passenger vehicle revenue rose 66.2%
FY27 domestic volume growth guidance: high double digits
JM Financial FY27 volume-growth estimate 16.5%, up from 12.3%
JM Financial FY27 EBITDA margin estimate 6.8%

The source

Source Read the source at Financial Express

Published

First seen

By

Note Information, not investment advice. RetailIntel is not registered with SEBI.