Street View: India's Tata Motors market share aim draws bullish calls

Tata Motors

24/06/2026 06:25

** Tata Motors TATM.NS says on investor day it targets 40% domestic CV market share by FY28 versus 35.7% in FY26; guides for double-digit EBITDA margins through the cycle
** Shares rise 3.7% to 414.65 rupees as analysts say firm better placed structurally, helped by market-share gains, stronger products, cost discipline and expansion into services, digital, exports and alternative powertrains
     
ANALYSTS BACK OUTLOOK AMID SLOWDOWN BLUES
** HSBC ("Buy", PT: 490 rupees) says near-term demand remains robust, but flags the scale of a likely second-half slowdown as the key factor to monitor 
** BofA ("Buy", PO: 515 rupees) says Tata Motors is broadening its moat beyond vehicle sales through lifecycle revenues, technology investments and global diversification
** Nomura ("Neutral", PT: 402 rupees) likes the digital and technology push, but remains concerned about Iveco's weak recent performance
** UBS ("Buy", PT: 555 rupees) says sharper execution and cost discipline could drive durable profitability gains

 (Reporting by Mridula Kumar in Bengaluru)
 ((mridula.kumar@thomsonreuters.com))