Picture of Tata Motors logo

TMCV Tata Motors News Story

0.000.00%
in flag iconLast trade - 00:00
Consumer CyclicalsSpeculativeLarge CapHigh Flyer

India's Tata Motors drops as analysts warn of market share loss

** Tata Motors TATM.NS drops about 2% to 315.7 rupees

** India's top commercial vehicles maker reports quarterly loss on one-time charge, excluding which, profit up 57% Y/Y

** Tax cuts, festive buying boost earnings; co also forecast high single-digit pct growth in demand in H2 vs about 3% sales growth in H1

** However, analysts flag market share loss across segments

** Market share loss in light CVs from a high of 40% in FY22 to an all-time low of 27% at present is "particularly worrisome," says Motilal Oswal

** Nuvama expects medium-to-heavy commercial vehicles market share to drop to 45.7% by FY28 from 46.4% in FY25 on increasing competition

** Stock down 5.9% since trading debut on Wednesday

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))

Recent news on Tata Motors

See all news