NSE: TMCV | BSE: 544569

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460.50 12.20 (2.72%)

50.34% Gain from 52W Low

12.9M NSE+BSE Volume

NSE 10 Mar, 2026 3:30 PM (IST)

169,571.4

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Tata Motors Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TMCV, BSE:544569 Tata Motors Ltd.

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Tata Motors Ltd.

24 Feb 2026

460.50

2.72%

TATA MOTORS LTD. (TMCV)

Buy: Tata Motors Ltd.

Joindre Capital Services

Iveco Deal to Drive Global Re-rating: The Iveco acquisition is expected to enhance global scale, provide access to advanced technologies, and strengthen premium positioning beyond India, potentially improving longterm growth visibility and valuation multiples. Demerger Enhancing Structural Strength: A more focused standalone entity with better capital allocation discipline, strong margins, and high ROCE, while improving investor visibility and reducing perceived cyclicality. LCV Share Clawback via Multi-Fuel Play: Supported by improved total...

Tata Motors Ltd. is trading below its 30 day SMA of 472.4

Tata Motors Ltd.

20 Feb 2026

460.50

2.72%

TATA MOTORS LTD- (TML COMMERCIAL VEHICLES LTD)

Buy: Tata Motors Ltd.

Geojit BNP Paribas

*over or under performance to benchmark index Tata Motors Ltd (formerly TML Commercial Vehicles Ltd), a leading automobile manufacturer in India, designs, manufactures and sells commercial vehicles (CVs). In Q3FY26, revenue grew 16.1% YoY to Rs. 21,847cr, driven by higher volume, improved realisations, and strong domestic and export demand. CV revenue grew 16.5% YoY to Rs. 21,534cr, supported by higher wholesale across the HCV, ILMCV and SCV segments amid post-monsoon demand recovery. Total CV sales rose 21% YoY to 1,15,577 units, led by a rebound in construction and mining activity, festive demand, and infrastructure sector momentum. EBITDA grew 26.3% YoY to Rs. 2,585cr, with margin expanding 90bps YoY to 11.8%,...

Tata Motors CV has gained 23.43% in the last 3 Months

Tata Motors Ltd.

30 Jan 2026

460.50

2.72%

Earnings miss estimates led by input cost pressure

Neutral: Tata Motors Ltd.

Target

Motilal Oswal

Tata Motors (TMCV) 3QFY26 PAT at INR15.9b was below our est. of INR18.4b due to lower-than-expected margin at 12.8% (est. 13.2%). Margin pressure was caused by higher input costs.

Tata Motors CV has gained 76.61% in the last 1 Year

Tata Motors Ltd.

30 Jan 2026

460.50

2.72%

Tata Motors Commercial Vehicles

Buy: Tata Motors Ltd.

Target

ICICI Direct

A cleaner & focused bet on India's CVs cycle About the stock: Tata Motors Commercial Vehicles (TMCV) is an auto OEM from the house of Tata's, operating in the domestic commercial vehicle (CV) space. Q3FY26 Results: Consolidated topline for Q3FY26 stood at ~21,732 crore (up 16% YoY) with EBITDA at ~2,746 crore and EBITDA margins at 12.6% (up ~51 bps QoQ). PAT in Q3FY26 came in at 705 crore (down 48% YoY) affected by exceptional items which include impact on account of the New Labor Code (603...

Joindre Capital Services released a Buy report for Tata Motors Ltd. with a price target of 551.0 on 24 Feb, 2026.

Tata Motors Ltd.

20 Jan 2026

460.50

2.72%

TMCV launches multiple products across powertrains

Neutral: Tata Motors Ltd.

Target

Motilal Oswal

We attended the TMCV launch event in Delhi, where it launched 17 new trucks spanning 7-55 tonnes across ICE and EV platforms. The new launches have been structured around its three key pillars: Profit, Safety, and Sustainability.

Tata Motors Ltd. is trading below its 30 day SMA of 472.4

Tata Motors Ltd.

14 Jan 2026

460.50

2.72%

Tata Motors Commercial Vehicles

Buy: Tata Motors Ltd.

ICICI Direct

Iveco Acquisition: rise in global footprint, deal at inexpensive valuation: Tata motors in the recent past have announced the acquisition of 100% stake in a CV manufacturer based out of Italy i.e. Iveco excluding its Defense business for an all-cash offer at 3.8 billion Euros (~ 38,000 crore). Iveco is a significant player in the CV domain and is present across the drivetrain technology namely diesel, CNG, electric etc. and has offerings across LCVs to M&HCVs included buses. The acquisition is being executed at a valuation of ~0.3x P/S & ~2x EV/EBITDA, which we believe is fair given...

Tata Motors Ltd. has an average target of 489.20 from 5 brokers.

Tata Motors Ltd.

19 Nov 2025

460.50

2.72%

A strong quarter marked by solid volume growth and a continued focus on profitable growth.

Accumulate: Tata Motors Ltd.

Deven Choksey

Tata Motors delivered strong volume growth in Q2 FY26. The outlook for H2 remains encouraging, supported by GST-driven improvement in consumption, higher fleet utilization, and stronger MHCV demand.

Tata Motors Ltd. has an average target of 489.20 from 5 brokers.

Tata Motors Ltd.

14 Nov 2025

460.50

2.72%

Market share loss across segments remains key concern

Neutral: Tata Motors Ltd.

Motilal Oswal

Tata Motors has reported the financials of the demerged entity for the first time. Given the restated financials for prior years, these are strictly not comparable to our estimates.