Tata Motors PV Share Price: TMPV stock down nearly 30% from highs — Buy, sell or hold?

Written By  Anubhav Maurya

Published: 10:55 AM, Nov 25, 2025 | Updated: 11:43 AM, Nov 25, 2025

Tata Motors PV share price is currently trading at Rs 356.80, slipping 0.40% from its previous close of Rs 358.25. During the trading session, the share price moved between Rs 354.95 and Rs 358.00. With this decline, the stock is down nearly 30% from its 52-week high of Rs 507.97.

Tata Motors Passenger Vehicles Ltd, the newly listed passenger vehicle arm of Tata Motors. Image Credit: Tata Motors PV

Tata Motors PV Share Price: Tata Motors Passenger Vehicles Ltd, the newly listed passenger vehicle arm of Tata Motors, has seen its stock under pressure in recent months.

The stock is currently trading at Rs 356.80, slipping 0.40 per cent from its previous close of Rs 358.25. During the trading session, the share price moved between Rs 354.95 and Rs 358.00.

With this decline, the stock is down nearly 30 per cent from its 52-week high of Rs 507.97.

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The company has a full market capitalisation of about Rs 1.31 lakh crore and is included in the BSE Sensex index.

Tata Motors PV Share Price History

However, short-term performance has been weak; the stock is down 3.78 per cent over the past week, 11.47 per cent over the last month, and 19.52 per cent in six months.

It has also corrected 27.46 per cent from a year ago. Despite this, long-term investors have still made strong gains, as the stock has grown 33.41 per cent in three years and 237.20 per cent over five years.

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Tata Motors PV Share Price Target

Analysts have turned cautious on the stock after recent headwinds. HSBC has maintained a Hold rating on Tata Motors Passenger Vehicles, cutting its target price to Rs 400 from Rs 466, around 12 per cent upside from current price levels.

The brokerage believes that risks surrounding Jaguar Land Rover (JLR), which operates under the PV business umbrella, outweigh the upside near term.

These risks include potential US tariffs, an ageing product lineup, China’s luxury tax concerns, the recent cyber-attack at JLR, and weak demand in Europe.

On the positive side, HSBC notes that the PV business in India may benefit from upcoming launches like the Sierra as well as expected Production-Linked Incentive (PLI) scheme benefits for electric vehicles, including Nexon EV and Harrier EV.

Tata Motors Demerger

Tata Motors has recently completed a major structural change. The demerger of its businesses, announced in 2024, took effect from October 1, 2025.

The company split into two independent units, Commercial vehicles business shifted into a separate company. On the other hand, the Passenger vehicles business, including PV, EV and JLR- now operates as Tata Motors Passenger Vehicles Ltd (TMPVL)

This restructuring aims to unlock growth potential independently in both segments.

Tata Motors PV Q2 Results

Financially, the company reported a sharp rise in consolidated net profit to Rs 76,248 crore for Q2 FY26, compared to Rs 3,521 crore last year.

However, this surge includes a large notional gain of Rs 82,600 crore from the disposal of discontinued operations linked to the demerger and a financial restructuring move involving Tata Capital.

Excluding this one-time impact, operational performance saw pressure due to the cyber incident at JLR. Total revenue fell to Rs 72,349 crore from Rs 83,656 crore a year earlier. JLR revenue dropped 24.3 per cent to £4.9 billion, with EBIT margins slipping to -8.6 per cent.

Domestically, however, PV and EV volumes rose 10.8 per cent YoY to 1,44,500 units, supported by festive demand and GST reductions.

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Anubhav Maurya

Anubhav Maurya is a Senior Sub-Editor at Zee Business, focusing on the stock market, personal finance, corporate news, and related sectors.

He has previously worked wi