Tata Motors Passenger Vehicles Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- June 24, 2026
- Posted by: Kunal Singla
- Category: News
Tata Motors Passenger Vehicles Rs 283.00 (7 Oct 2026 close). 52-week range Rs 272.20 to Rs 419.00 (post-demerger). Q1 FY27 revenue Rs 95,799 cr, up 9%; profit Rs 775 cr, down 80%.
Quick Answer
The Tata Motors Passenger Vehicles share price target for 2026 is Rs 259 to Rs 320, which is between 8 percent below and 13 percent above the last close of Rs 283.00, with bull and bear cases of Rs 351 to Rs 412 and Rs 183 to Rs 229. Tata Motors Passenger Vehicles reported Q1 FY27 consolidated revenue up 9.3 percent to Rs 95,799 crore but net profit down 80 percent to Rs 775 crore, as JLR’s EBIT margin fell to 2.8 percent from 4.0 percent. India passenger vehicle volumes rose 46 percent against industry growth near 24 percent, JLR’s free cash flow was negative GBP 998 million, and the stock is near its 52-week low at 0.93 times book value. No brokerage price target was available on the sources we track as of 7 October 2026, so every range below is a Univest research scenario.
The Tata Motors Passenger Vehicles share price target for 2026 is Rs 259 to Rs 320 in the Univest base case, with the stock at Rs 283.00 at the 7 October 2026 close. That is 32.5 percent below its 52-week high of Rs 419.00 and 4.0 percent above its 52-week low of Rs 272.20, and the stock moved down 29.8 percent over the past year. Tata Motors Passenger Vehicles, formerly Tata Motors, is the passenger vehicle and Jaguar Land Rover company after the commercial vehicle business was demerged in October 2025. Debt to equity is 0.71 and the dividend yield is 1.06 percent.
Three things changed since the last update: Q1 FY27 results on 13 August showed profit down 80 percent on weaker JLR, the stock opened about 6 percent lower, and it hit a 52-week low of Rs 272.20 in the week of 28 September. This Tata Motors Passenger Vehicles stock analysis covers the Tata Motors Passenger Vehicles share price today, the Tata Motors Passenger Vehicles share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Tata Motors Passenger Vehicles buy or sell view.
Click Here – Get Free Investment Predictions
What Is the Tata Motors Passenger Vehicles Share Price Target for 2026?
The 2026 target for Tata Motors Passenger Vehicles shares is Rs 259 to Rs 320 in the Univest base case, which is -8.5% to +13.1% against the last close. The bull case is Rs 351 to Rs 412 and the bear case is Rs 183 to Rs 229. No brokerage price target was available on the sources we track as of 7 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Tata Motors Passenger Vehicles Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E Book Value | Target Multiple | Price Target (Rs) | Move vs Rs 283.00 |
|---|---|---|---|---|
| Bull Case | Rs 305 | 1.15x to 1.35x | 351 to 412 | +24.0% to +45.6% |
| Base Case | Rs 305 | 0.85x to 1.05x | 259 to 320 | -8.5% to +13.1% |
| Bear Case | Rs 305 | 0.6x to 0.75x | 183 to 229 | -35.3% to -19.1% |
TMPV’s trailing EPS of Rs 215.86 and P/E of 1.3 times are distorted by a one-time Rs 82,616 crore demerger gain in Q2 FY26, so a PE valuation does not apply. The ranges use price to book on a FY28 book value of Rs 305 per share, which compares with Rs 304.28 now. The stock trades at 0.93 times book, and the cases range from 0.6 to 0.75 times if JLR stays weak to 1.15 to 1.35 times if margins recover. The PE multiple of 1.3 times reflects a one-time demerger gain and does not apply, so the table uses price to book in place of an EPS estimate, and the book value is a Univest assumption, not company guidance. Those assumptions set the Tata Motors Passenger Vehicles share price target range around the current price.
Tata Motors Passenger Vehicles Company Overview and Share Price Today as of 7 October 2026
Tata Motors Passenger Vehicles share price today is Rs 283.00 on the NSE at the 7 October 2026 close, before the market opens on 8 October. The market capitalisation is Rs 1,04,523 crore, and the stock shows a PE of 1.3 times that reflects a one-time demerger gain, against an industry average of 24 times. The Univest base case Tata Motors Passenger Vehicles share price target of Rs 259 to Rs 320 is -8.5% to +13.1% from here. The table below sets out the key numbers behind the Tata Motors Passenger Vehicles share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | TMPV | BSE code 500570 |
| Sector | Passenger vehicles and JLR | Per Univest sector classification |
| Last Close (NSE) | Rs 283.00 | 7 Oct 2026 close |
| 52-Week High | Rs 419.00 | CMP is 32.5% below |
| 52-Week Low | Rs 272.20 | CMP is 4.0% above |
| 1-Year Return | About -30% | Weekly close Rs 403.3 on 10 Oct 2025 to Rs 283 |
| Market Capitalisation | Rs 1,04,523 crore | Large cap auto company |
| Trailing P/E | Not applicable (one-time gain) | Industry P/E about 23.98x |
| P/B Ratio | About 0.93x | Book value Rs 304.28 per share |
| EPS (TTM) | Rs 215.86 | Trailing twelve months |
| Return on Equity | About 5.5% | Debt to equity 0.71 |
| Dividend Yield | About 1.06% | Dividend paid yearly |
| 12-Month Target (Base Case) | Rs 259 to Rs 320 | Univest base case |
| Bull Case | Rs 351 to Rs 412 | +24.0% to +45.6% |
| Bear Case | Rs 183 to Rs 229 | -35.3% to -19.1% |
How Did Tata Motors Passenger Vehicles Perform in Q1 FY27?
Tata Motors Passenger Vehicles reported Q1 FY27 consolidated revenue of Rs 95,799 crore, up 9.3 percent, and net profit of Rs 775 crore, down 80 percent from Rs 3,924 crore. EBITDA margin was 7.4 percent and EBIT margin 2.4 percent. Together these Q1 FY27 numbers anchor the Tata Motors Passenger Vehicles share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Consolidated Revenue | Rs 95,799 crore | Up 9.3% YoY |
| Consolidated Net Profit | Rs 775 crore | Down 80% from Rs 3,924 crore |
| EBITDA Margin | 7.4% | Down 130 bps |
| India PV Revenue | Rs 17,930 crore | Up 64.8%; volume up 46% |
| JLR Revenue | GBP 5.97 billion | Down 9.6%; EBIT margin 2.8% |
| JLR Free Cash Flow | Negative GBP 998 million | Consolidated Rs -11,800 crore |
JLR’s pre-tax profit before exceptional items fell 68.9 percent to GBP 109 million on temporary supply constraints, a component supplier fire, the Middle East conflict, a planned Jaguar wind-down and higher marketing. The India PV business made a near-breakeven profit and holds about Rs 8,000 crore of net cash, and JLR guides for about GBP 26 billion revenue and a 4 percent EBIT margin in FY27. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Tata Motors Passenger Vehicles share price target.
Why Is TMPV Share Price Down 32 Percent From Its High?
TMPV shares are about 32 percent below the post-demerger high of Rs 419 in the week of 27 October 2025. The raw price feed shows a fall from Rs 679 to Rs 396.60 in the week of 13 October 2025, which was the price adjustment for the commercial vehicle demerger and not a market fall.
The stock rose 8.4 percent in the week of 25 May, then fell 9.5 percent in the week of 15 June on 10.4 crore shares and slid from about Rs 390 to Rs 281. It hit a 52-week low of Rs 272.20 in the week of 28 September and closed at Rs 283, about 4 percent above it. The Tata Motors Passenger Vehicles share price target scenarios below account for that move.
Key Catalysts for the Tata Motors Passenger Vehicles Share Price Target in 2026
4 catalysts matter most for the Tata Motors Passenger Vehicles share price target, and sector tailwinds in Passenger vehicles and JLR are part of the case. Together they decide whether the base case is reached.
1. India PV Growth
India PV volumes rose 46 percent against industry growth near 24 percent. Revenue grew 64.8 percent to Rs 17,930 crore. If it plays out, the Tata Motors Passenger Vehicles share price target moves toward the top of the base range.
2. India PV Net Cash
The India PV business holds about Rs 8,000 crore of net cash and reached near breakeven profit. It is funding its own growth. Strength here would support the upper end of the Tata Motors Passenger Vehicles share price target.
3. JLR Recovery
JLR guides for about GBP 26 billion revenue and a 4 percent EBIT margin in FY27. Supply constraints are described as temporary. Delivery on this point keeps the Tata Motors Passenger Vehicles share price target on track.
4. New Launches
Four JLR products are planned, including Range Rover Electric and Jaguar Type 01. They support the mix. Better news here would lift the Tata Motors Passenger Vehicles share price target toward the bull case.
What Are the Key Risks to the Tata Motors Passenger Vehicles Share Price Target?
The main risks are weak JLR margin, negative free cash flow, high net debt and commodity and currency costs. Each can pull the Tata Motors Passenger Vehicles share price target lower.
Weak JLR Margin
JLR’s EBIT margin was 2.8 percent against 4.0 percent a year ago. Another weak quarter would hit profit. If it materialises, the Tata Motors Passenger Vehicles share price target would slip toward the bear case.
Negative Cash Flow
Consolidated free cash flow was negative Rs 11,800 crore and JLR was negative GBP 998 million. Net debt is Rs 42,200 crore. This is the main downside risk to the Tata Motors Passenger Vehicles share price target.
Supply and Geopolitics
A supplier fire and the Middle East conflict cut volumes. A repeat would delay recovery. A worsening here would cut the Tata Motors Passenger Vehicles share price target toward the low end of the range.
Book Value Discount
A bear case of Rs 305 book value at 0.6 times would put the price near Rs 183. Watch it closely, because it can pull the Tata Motors Passenger Vehicles share price target lower quickly.
Tata Motors Passenger Vehicles Stock Analysis: Support and Resistance Levels for the Share Price Target
Tata Motors Passenger Vehicles stock analysis on weekly charts shows a range of Rs 272.20 to Rs 320.15 since mid-September, with the stock near the lower end.
The first support level is Rs 272.20 to Rs 278.95, the lows of the weeks of 28 September and 5 October. Below that there is no weekly support, as Rs 272.20 is the 52-week low.
The first resistance level is Rs 290.40 to Rs 291.20, the highs of the weeks of 5 and 28 September. Above that, Rs 303.80 and Rs 320.15 mark the highs of the weeks of 21 and 14 September. These levels come from weekly price action, are not trade recommendations, and frame the near-term Tata Motors Passenger Vehicles share price target.
Tata Motors Passenger Vehicles Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Tata Motors Passenger Vehicles Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 272 and Rs 291. A close above Rs 291 would put Rs 304 in play, while a weekly close under Rs 272 would open a fresh 52-week low. The Q2 FY27 results and JLR news are the main triggers. This range anchors the near-term Tata Motors Passenger Vehicles share price target.
12-Month and 2027 Tata Motors Passenger Vehicles Share Price Target
The 12-month target price is Rs 259 to Rs 320, valued on 0.85 to 1.05 times FY28 book value of Rs 305. The range across scenarios runs from Rs 183 in the bear case to Rs 412 in the bull case.
Long-Term Tata Motors Passenger Vehicles Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 248 to Rs 368. This assumes book value of Rs 310 in FY29 and Rs 320 in FY30 and a multiple of 0.8 to 1.15 times. It needs JLR to return to a 4 percent EBIT margin, free cash flow to turn positive and the India PV business to turn profitable. This is the long-term Tata Motors Passenger Vehicles share price target in the Univest scenarios.
Bull Case and Bear Case for Tata Motors Passenger Vehicles Share Price Target
Bull Case Rs 351 to Rs 412
The bull case of Rs 351 to Rs 412 for the Tata Motors Passenger Vehicles share price target needs book value of Rs 305 and the market to pay 1.15 to 1.35 times for it. It is +24.0% to +45.6% from the last close.
Bear Case Rs 183 to Rs 229
The bear case of Rs 183 to Rs 229 for the Tata Motors Passenger Vehicles share price target equals 0.6 to 0.75 times FY28 book value of Rs 305 and sits below the Rs 272.2 low. It is -35.3% to -19.1% from the last close.
Is Tata Motors Passenger Vehicles a Good Buy at Rs 283? Tata Motors Passenger Vehicles Buy or Sell View
Whether Tata Motors Passenger Vehicles is a buy at Rs 283.00 depends on horizon and risk appetite. The base case sits between 8 percent below and 13 percent above the current price, the stock is near its 52-week low, and the open question is JLR margin. The Tata Motors Passenger Vehicles share price target range is the starting point for that decision.
Long-term holders may focus on JLR margin, free cash flow and India PV profit, and treat Rs 272 as the level to watch. Short-term traders may prefer to wait for a close above Rs 291. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Tata Motors Passenger Vehicles buy or sell view is educational.
How to Invest in Tata Motors Passenger Vehicles Shares
Step 1: Check the live price, valuation and the latest Tata Motors Passenger Vehicles share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Tata Motors Passenger Vehicles share price target.
Step 3: Search for TMPV on the NSE or 500570 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 183 is bearable.
Step 5: Track JLR margin, free cash flow and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Tata Motors Passenger Vehicles share price target.
Conclusion
Tata Motors Passenger Vehicles closed at Rs 283.00 against a Univest base case share price target of Rs 259 to Rs 320, a bull case of Rs 351 to Rs 412 and a bear case of Rs 183 to Rs 229. Q1 FY27 delivered revenue up 9 percent but profit down 80 percent as JLR margin fell to 2.8 percent. The main risks are weak JLR margin, negative cash flow and net debt.
The stock is 32.5 percent below its 52-week high, so the base case sits between 8 percent below and 13 percent above the current price. The triggers to watch are JLR margin, free cash flow and Q2 FY27 results and the Rs 272 and Rs 291 levels. Re-check the Tata Motors Passenger Vehicles share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Tata Motors Passenger Vehicles live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Tata Motors Passenger Vehicles Share Price Target 2026
What is the Tata Motors Passenger Vehicles share price target for 2026?
Ans. The Tata Motors Passenger Vehicles share price target for 2026 is Rs 259 to Rs 320 in the Univest base case, with a bull case of Rs 351 to Rs 412 and a bear case of Rs 183 to Rs 229. No brokerage target was available on the sources we track as of 7 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the Tata Motors Passenger Vehicles share price target for 2027?
Ans. The Tata Motors Passenger Vehicles share price target for 2027 is Rs 259 to Rs 320 in the base case, valued on 0.85 to 1.05 times FY28 book value of Rs 305. The scenario range runs from Rs 183 to Rs 412.
Is Tata Motors Passenger Vehicles a good buy at Rs 283.00?
Ans. Whether Tata Motors Passenger Vehicles is a good buy at Rs 283.00 depends on your horizon, risk appetite and how you read the Tata Motors Passenger Vehicles share price target. India volumes are growing fast and the stock trades below book value, but JLR profit is falling and cash flow is negative. Consult a SEBI-registered advisor before investing.
What are the key risks to the Tata Motors Passenger Vehicles share price target?
Ans. The key risks to the Tata Motors Passenger Vehicles share price target are weak jlr margin, negative cash flow, supply and geopolitics and book value discount. JLR’s EBIT margin was 2.8 percent against 4.0 percent a year ago. Another weak quarter would hit profit.
What are the key catalysts for the Tata Motors Passenger Vehicles share price target?
Ans. The key catalysts for the Tata Motors Passenger Vehicles share price target are india pv growth, india pv net cash, jlr recovery and new launches. India PV volumes rose 46 percent against industry growth near 24 percent. Revenue grew 64.8 percent to Rs 17,930 crore.
Where can I track Tata Motors Passenger Vehicles share price today and Tata Motors Passenger Vehicles share price target updates?
Ans. You can track the live Tata Motors Passenger Vehicles share price, results and any change to the Tata Motors Passenger Vehicles share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Tata Motors Passenger Vehicles’s 52-week high and low?
Ans. Tata Motors Passenger Vehicles’s 52-week high is Rs 419.00 and its 52-week low is Rs 272.20, based on weekly NSE data. At Rs 283.00 the stock is 32.5 percent below the high and 4.0 percent above the low. Both levels frame the Tata Motors Passenger Vehicles share price target.
How to buy Tata Motors Passenger Vehicles shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for TMPV on the NSE or 500570 on the BSE, and place a limit order near your entry price, using the Tata Motors Passenger Vehicles share price target range as a guide. Size the position so a fall to Rs 183 is bearable, and check the live price on the Univest Screener first.
