Preview: India's Tata Motors PV inches lower ahead of Q4 results

Tata Motors Passenger Vehicles

14/05/2026 05:25

** Shares of Tata Motors Passenger Vehicles TAMO.NS down 0.4% at 335.65 rupees ahead of its Q4 results

** Nifty Auto .NIFTYAUTO index down 0.4%

** ICICI Direct ("Hold"; PT: 370 rupees) says co's domestic PV business is entering a structurally stronger growth phase backed by a robust product pipeline and EV leadership

** Adds, JLR's near-term headwinds from the cyber incident, macro pressures, and China weakness are seen as temporary given intact brand strength and product strategy

** Flags medium-term concerns due to global geopolitical tensions, supply chain issues and rising key commodity costs

** Expects volumes and margin recovery to lag ambitious capex cycle embarked by JLR, thereby limiting upsides

** BofA ("Underperform"; PO: 315 rupees) says concerns over JLR volume growth and free cash flow outlook remain, given fragile market demand, China drag and lack of new model launches

** YTD, stock down 8.6% vs Nifty Auto index's 8.5% drop

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))