Tata Motors shares in focus after global wholesales drop 9% in Q1, led by JLR and PV segments

Tata Motors shares will be in focus on Wednesday after the company reported a 9% year-on-year decline in global wholesales for the first quarter of FY26, with total volumes falling to 2,99,664 units. The drop was mainly driven by lower sales in both the commercial and passenger vehicle segments, including its subsidiary Jaguar Land Rover (JLR).

Commercial vehicle (CV) wholesales, including Tata Daewoo, stood at 87,569 units in Q1 FY26, down 6% from the same period last year. Passenger vehicle (PV) wholesales, which include electric vehicles, declined 10% to 1,24,809 units.

Also Read: 10 Nifty large-cap stocks with up to 38 buy calls; analysts see up to 20% upside


JLR, the UK-based luxury arm of Tata Motors, recorded an 11% decline in global wholesales, with volumes at 87,286 units. Of this, Jaguar contributed 2,339 units and Land Rover 84,947 units. The data excludes volumes from the company’s China joint venture, Chery Jaguar Land Rover (CJLR).

Tata Motors said the decline was anticipated, due to the phasing out of older Jaguar models and a temporary pause in shipments to the US in April after the imposition of new import tariffs.

Despite the fall in overall volumes, JLR noted that its more profitable models—Range Rover, Range Rover Sport, and Defender—accounted for a higher share of sales. These three models made up 77.2% of total wholesale volumes in Q1 FY26, up from 66.3% in the previous quarter and 67.8% a year ago.

Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70%

Tata Motors Share Price Target

According to Trendlyne, the average target price for Tata Motors stands at Rs 764, implying an upside of nearly 10% from current levels. Of the 28 analysts covering the stock, the consensus rating is 'Hold'.

From a technical perspective, the Relative Strength Index (RSI) is at 51.5, indicating neutral momentum. The MACD is at -4.0 and remains below both its signal line and center line, signalling bearish sentiment.

Tata Motors Shares Performance

On Tuesday, Tata Motors shares closed at Rs 693.2 on the BSE, up 0.6%, while the Sensex rose 0.32%. The stock has declined 13% over the past six months and 31% over the last 12 months. The company’s current market capitalisation is Rs 2,55,217 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)