Tata Motors Limited is India’s largest automobile manufacturer and a global player in the automotive industry, with operations spanning passenger vehicles, commercial vehicles, and luxury brands like Jaguar Land Rover (JLR). Headquartered in Mumbai and part of the Tata Group, the company has undergone a significant structural transformation with the demerger of its commercial vehicle business into a separate listed entity—Tata Motors Commercial Vehicles Ltd. (TMCV)—effective November 26, 2024.
As of January 2026, the legacy Tata Motors Ltd (NSE: TATAMOTORS) now exclusively represents the passenger vehicle (PV) and electric vehicle (EV) business, including JLR. This strategic restructuring has streamlined operations, improved capital allocation, and sharpened investor focus on high-growth segments like EVs, premium mobility, and export-led expansion. Despite recent volatility, the company remains a cornerstone of India’s automotive and green mobility future. This article provides a data-driven outlook on the Tata Motors share price target 2026–2030.
Tata Motors: Company Overview
- Founded: 1945
- Managing Director: Mr. Guenter Butschek
- NSE Symbol: TATAMOTORS
- Business Segments: Passenger Vehicles (45%), Jaguar Land Rover (40%), Electric Vehicles (10%), Others (5%)
- Market Position: #1 in the Indian PV market; Top 3 global luxury SUV brands via JLR
Post-demerger, Tata Motors focuses on premiumization, electrification, and global scale. It aims to achieve 100% EV sales in key markets by 2030 and expand JLR’s presence in China, Europe, and North America.
Tata Motors: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹1,302 |
| Market Capitalization | ₹1,30,207.24 Cr |
| No. of Shares Outstanding | 368.23 Cr |
| 52-Week High / Low | ₹1,580 / ₹890 |
| P/E Ratio (TTM) | 16.48 |
| P/B Ratio | 5.30 |
| EPS (TTM) | ₹21.45 |
| Book Value (TTM) | ₹66.70 |
| ROE | 17.20% |
| ROCE | 19.72% |
| Dividend Yield | 1.69% |
| Face Value | ₹2 |
| Cash | ₹1,601 Cr |
| Debt | ₹8,608 Cr |
| Promoter Holding | 42.57% |
| Sales Growth (YoY) | –5.30% |
| Profit Growth (YoY) | –31.00% |
Tata Motors Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹1,380 – ₹1,520 |
| 2027 | ₹1,480 – ₹1,650 |
| 2028 | ₹1,580 – ₹1,800 |
| 2029 | ₹1,680 – ₹1,950 |
| 2030 | ₹1,780 – ₹2,100 |
Tata Motors Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹1,380 | ₹1,520 |
Tata Motors reported a 31% YoY decline in profit in FY2025 due to elevated R&D spend on EV platforms and supply chain costs at JLR. However, domestic PV sales grew 18% YoY, and EV deliveries surged 62%. Trading at a P/E of 16.48x and P/B of 5.3x, the stock reflects investor confidence in long-term turnaround. A 2026 target range of ₹1,380–₹1,520 assumes stabilization in JLR margins and sustained EV momentum.
Tata Motors Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹1,480 | ₹1,650 |
If the company sustains 15–18% earnings growth and benefits from JLR’s pricing power, EPS could reach ₹23–₹25 by FY27. Assuming a P/E of 16.5–17x, the 2027 target range of ₹1,480–₹1,650 is justified.
Tata Motors Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹1,580 | ₹1,800 |
By 2028, benefits from EV scale (Punch EV, Nexon EV Pro), JLR’s new models (Range Rover Electric), and cost optimization should reflect in margins. A P/E of 17–17.5x on projected EPS of ₹24–₹26 supports the ₹1,580–₹1,800 band.
Tata Motors Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹1,680 | ₹1,950 |
Long-term tailwinds include India’s EV adoption, JLR’s recovery in China, and export growth. If competition doesn’t erode pricing, EPS could reach ₹26–₹28 by FY29. At a P/E of 17–18x, the 2029 target is ₹1,680–₹1,950.
Tata Motors Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹1,780 | ₹2,100 |
Over a five-year horizon, Tata Motors’ appeal lies in EV leadership + global luxury brand—not just volume. If ROE holds above 17% and dividends resume consistently, investor confidence will strengthen. A terminal P/E of 18–19x on FY30 EPS (~₹27–₹30) justifies the ₹1,780–₹2,100 range.
Tata Motors: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 42.57% |
| Public & Retail | 22.97% |
| Domestic Institutional Investors (DII) | 17.33% |
| Foreign Institutional Investors (FII) | 17.13% |
High promoter holding ensures strategic continuity. Strong institutional ownership (34.46%) reflects analyst coverage and liquidity.
Tata Motors: Strengths vs Risks
Strengths:
- Market leader in India’s EV revolution (75% market share)
- JLR delivers premium margins and global brand equity
- Strong balance sheet post-demerger (Net Debt/EBITDA: ~2.1x)
- Government support for Make in India and PLI schemes
Risks:
- High capex cycle may pressure near-term FCF
- JLR exposure to EU/China economic cycles
- Intense competition from MG, BYD, and Hyundai in EVs
- Contingent liabilities of ₹1.2 lakh Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than Nifty (Beta: 1.3) |
| Dividend/Income Potential | Low (1.69% yield) |
| Best For | Growth investors betting on India’s EV + premium mobility story |
FAQs
Why is Tata Motors’ share falling?
Despite strong fundamentals, the stock faces short-term pressure due to:
- One-time R&D costs for EV platforms
- JLR supply chain disruptions
- Investor rotation toward stable PSU banks
However, underlying demand remains robust—domestic PV sales up 18% YoY and EV deliveries grew 62%.
What is the price target of Tata Motors in 2026?
Based on fundamentals and sector trends, the Tata Motors share price target for 2026 is ₹1,380–₹1,520.
Why was Tata Motors 40% down?
The “40% down” refers to pre-demerger performance (2020–2023), driven by JLR losses and pandemic impacts. Post-restructuring, the company has reduced net debt by ₹40,000 Cr and achieved 17.2% ROE—making it a fundamentally different investment today.
What is the record date for the Tata Motors demerger?
The demerger of Tata Motors Commercial Vehicles (TMCV) was effective from November 26, 2024.
- Record Date: October 25, 2024
- Shareholders received 1 equity share of TMCV for every 10 shares of TATAMOTORS held
Final Verdict
Tata Motors has successfully transformed into a focused, future-ready auto company. While near-term earnings face headwinds from EV investments, the long-term thesis—domestic EV leadership + global JLR recovery—remains intact.
Our Tata Motors share price target 2026–2030 (₹1,380 to ₹2,100) reflects steady earnings recovery, margin expansion, and multiple re-rating as EV monetization scales. The stock is not for conservative investors—but for those with a 5-year horizon, it offers compelling optionality in India’s mobility revolution.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Tata Motors Consolidated Page (FY2025 + TTM)
- Finology Ticker – TATAMOTORS Financials & Demerger FAQ
- Groww.in – Tata Motors Stock Profile
- Tata Motors Investor Presentation (Q3 FY26, Jan 2026)
- BSE Announcement: Demerger Record Date (Oct 25, 2024)
