Markets
Tata Motors Share Price Updates: Tata Motors shares rise 0.20%, brokerages reaffirm bullish stance
Tata Motors Share Price Updates: The company plans to increase its passenger vehicle (PV) capacity to around 1 million units by ramping up the Sanand plant-2 and aims to raise its market share in PVs to 20% by FY30 from the current 14%. This will be achieved by addressing 80% of the PV market, up from the current 52%, with new models like Curvv, Sierra, and Avinya, as well as a corresponding electric vehicle (EV) portfolio of 10 models. Tata Motors also aims to achieve 10% EBITDAM in PVs and become EBITDA neutral in EVs by FY26. The stock closed at ₹989.20 on the NSE on Wednesday, up by 0.20%, and at ₹989.10 on the NSE, up by 0.20%.
