Tata Motors shares were trading at ₹717.50 as of the latest close, as brokerage Nomura retained its ‘Neutral’ rating on the stock with a target price of ₹799 per share. The firm expects a moderate upside, while outlining key strategic drivers and investor expectations for the company.
According to Nomura, Tata Motors is aiming to raise market share and margins in both its commercial vehicle (CV) and passenger vehicle (PV) businesses. The company is expected to clock a 5% CAGR in medium and heavy commercial vehicle (MHCV) volumes, with margins seen improving to 11.5–12%, driven largely by replacement demand over the next two years.
A key area of focus remains the small commercial vehicle (SCV) segment, where execution will be critical to Tata Motors achieving its broader market share goals. The brokerage believes that expanding SCV market share is not only vital to near-term growth but also central to management’s long-term strategy.
Crucially, investor sentiment hinges on the upcoming JLR guidance on June 16, which Nomura says could be a potential trigger for the stock. Feedback from institutional investors indicates that clarity and direction from JLR will likely shape short- to medium-term outlook for Tata Motors.
Disclaimer: This article is based on brokerage reports and is meant for informational purposes only. Business Upturn does not provide stock advice or recommendations.
