Nomura, which has a 'Buy' rating on Tata Motors with a target price of ₹547, sees clear signs of a CV upcycle gathering momentum, driven by improving industry fundamentals.
Stocks to Watch today: Tata Motors CV, Swiggy, ITC, Vedanta, Paytm, Colgate, and Voltas are among the stocks to watch today, January 30, 2026
Revenue for the quarter increased 16.1 per cent to ₹21,847 crore.
Tata Motors posted a 48 per cent Y-o-Y fall in profit for Q3FY26 due to exceptional items related to demerger and Labour Code expenses, even as revenue rose more than 16 per cent
Tata Motors stock outlook: Key drivers in 2026 will include the govt's sustained infra push and expansion in end-use sectors, both of which are expected to fuel positive momentum for the CV industry.
Tata Motors Q3 Preview: Nomura notes that MHCV volumes rose 24 per cent Y-o-Y, leading to a similar 24 per cent increase in revenues on both a Y-o-Y and Q-o-Q basis.
Nomura expects TMCV's India business to be a key beneficiary of the anticipated recovery, supported by its dominant 46 per cent market share in the domestic MHCV segment in FY25.
Wagh said Tata Motors is targeting hard-to-abate sectors with a full e-truck ecosystem, and added it will participate in the upcoming 6,000-bus tender after missing the 10,900 e-bus order
As per media reports, the US government has a announced 10% tariff on the European Union and the UK, effective from February 1, 2026.
Tata Motors has sought targeted incentives for entry-level electric vehicles and support to the electric cars used in the fleet segment under the PM E-DRIVE scheme in the upcoming Union Budget. In an interaction with PTI, Tata Motors Passenger Vehicles MD & CEO Shailesh Chandra said that while government interventions such as GST 2.0, repo rate reduction and tax regime changes have revived demand in the passenger vehicle industry, entry-level EVs continue to face pressure. "I would like to really appreciate the government for reviving the PV industry and the electric vehicle side as well. Two things which can be considered (in the Budget). One there is a lot of pressure on the entry segment on the EV side and if the government would like to consider some level of incentives," he said. There is enhanced pressure on the entry-level EVs with GST reforms leading to reduction in prices of petrol cars, Chandra said. "The government last year took significant steps. The big one has been .
TMCV remains the market leader in MHCVs, with retail market shares of ~49 per cent in heavy CVs, ~37 per cent in passenger buses, and ~30 per cent in light goods vehicles (FY25).
The country's third-largest PV maker is scaling up output through debottlenecking and brownfield expansion as demand for Sierra builds and the Punch facelift, including a CNG automatic, gains traction
The Punch facelift will be introduced to the Indian market today by Tata Motors. The micro-SUV will receive mechanical, feature, and cosmetic improvements with this update
Shares of TMPV fell on Tuesday after it said that JLR's third-quarter sales were impacted by a cyber incident and US tariffs
According to InCred Equities, the CV downcycle that played out over six quarters between April 2024 and July 2025 appears to be bottoming out.
Tata Motors Passenger Vehicles Ltd on Thursday reported a 14.1 per cent growth in total sales to 50,519 units in December 2025 compared to 44,289 units in the same month of 2024. Domestic passenger vehicle sales were at 50,046 units last month against 44,230 units in December 2024, up 13.1 per cent, Tata Motors Passenger Vehicles Ltd said in a regulatory filing. The total electric vehicle sales surged 24.2 per cent to 6,906 units against 5,562 units in December 2024, it added. The total sales in the domestic and international market for Q3 FY26 stood at 1,71,013 units compared to 1,39,829 units during Q3 FY25, the company said. "CY25 saw steady progress for the PV industry, powered by a growing preference for SUVs and accelerating adoption of cleaner, emission-friendly powertrains. "For Tata Motors, it was the fifth consecutive year of record-breaking annual sales, with 587,218 units sold, including the highest-ever EV volumes of 81,125 units in a calendar year," Tata Motors Passe
By the end of 2026, Tata Motors plans to introduce its high-end Avinya EV, which is based on a brand-new Gen 3 EV, in India. With a retail strategy, this effort seeks a significant market share
Tata Passenger Electric Mobility plans five new EV models by FY30 and Rs 16,000-18,000 crore capex on products, technology and charging infrastructure as Tata EV sales cross 250,000 units
Tata Motors Passenger Vehicles (TMPV) on Tuesday said it will roll out five new electric vehicle models, including the premium product range Avinya by FY30 as it looks to retain a dominant market share of 45-50 per cent in the segment which continues to expand in the country. The company said it plans to invest Rs 16,000-18,000 crore in the EV business by FY30 including products and taking charging infrastructure to over 10 lakh points across the country. "As EV adoption accelerates, our commitment remains clear: to mainstream electric mobility by making it accessible across segments, strengthening the ecosystem, and investing in India-first technology and localization. This is how we will continue to lead India's growing EV market," TMPV MD & CEO Shailesh Chandra said. TMPV commands a dominant share, accounting for nearly two-thirds (66 per cent) of all electric passenger vehicles sold in India. The company has the country's largest EV portfolio for personal mobility - Tiago.ev,
Nomura believes Tata Motors' commercial vehicle (TMCV) division is positioned to benefit despite its high overseas exposure, as the acquisition of IVECO's CV business is expected to be value accretive