Tata Motors CV: Ambit Capital expects 6 per cent and 8 per cent CAGR in revenue and Ebitda between FY25 and FY28, supported by high-margin non-core revenue streams that help cushion cyclicality.
Shailesh Chandra, MD & CEO, TMPV, told Business Today that Sierra deliveries will commence in January, and prices will be held stable initially. He said commodity costs have risen by 1.5% of revenue over the past year, and the industry has not been able to fully pass this on making a Q4 price revision likely, with partial adjustments possible in January. Chandra confirmed the Sierra is being built at the Sanand-2 (Ford) plant. He expects Tata Motors’ SUV share to rise from 16–17% to 20–25% with the Sierra, and forecast double-digit growth in November’s second half and around 5% growth for the full year.
Bookings for the model will commence from December 16 and deliveries from January 15, 2026. On Wednesday, the Tata Motors stock rose 2.93 per cent to hit a high of Rs 362.80 apiece on BSE.
Heavyweights led the selling pressure list, with the brokerage highlighting Reliance Industries (RIL), HPCL, GAIL, BPCL, and ONGC as the top sells.
Elara's optimism comes despite the company delivering, what the brokerage termed a muted performance for the September quarter (Q2) of FY26.
TMPV Share Price: The company said all major operating metrics were "significantly impacted" by the breach, which disrupted production and supply-chain activities. As a result, EBIT margins slipped to (–)8.6 per cent, a decline of 1,370 basis points (bps) YoY.
Under the 1:1 demerger, shareholders received one share of TMCV and one share of TMPV for every Tata Motors share held on the record date of October 14, 2025. The company later declared the official cost allocation: 31.15% for TMCV and 68.85% for TMPV, a ratio that directly affects capital gains.
Analysts said the standalone listing provides clarity for investors and positions the commercial vehicle (CV) business to capture growth opportunities.
Shares of Tata Motors (TMCV), the commercial vehicle arm of Tata Group's automobile business, made a strong stock market debut as a separate legal entity on Wednesday, November 12.
Shares of Tata Motors (TMCV), the commercial vehicle entity of Tata Motors, will kick-off its Dalal Street innings as a separate legal entity from today, that is, Wednesday, November 12.
An analyst from Arihant Capital Markets said that Tata Motors has made a double bottom at Rs 380 level on the daily charts. The stock is underperforming the benchmark indices at present.





