Tata Motors Limited is one of India’s largest automobile manufacturers and a global leader in the automotive industry. Part of the Tata Group, the company offers a wide range of vehicles, including cars, SUVs, trucks, buses, and defense vehicles. Known for its commitment to innovation, quality, and sustainability, Tata Motors is driving the future of mobility with its cutting-edge electric vehicles and advanced automotive solutions. As of November 27, 2024, the Tata Motors share price on the NSE is ₹783. Below are the projected Tata Motors share price target for the years 2025, 2030, 2035 And 2040.
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Tata Motors Limited Company Overview
Incorporated in 1945, Tata Motors Limited is headquartered in Mumbai, India, and has a strong global presence with operations in over 125 countries. The company is recognized for its diverse product portfolio, ranging from affordable passenger cars like the Tata Tiago and Nexon to heavy commercial vehicles and premium offerings from its luxury subsidiary, Jaguar Land Rover (JLR).
| Formerly | Tata Engineering and Locomotive Company Ltd. (TELCO) |
| Company type | Public |
| Traded as | BSE: 500570 NSE: TATAMOTORS BSE SENSEXconstituent NSE NIFTY 50constituent |
| ISIN | IN9155A01020 |
| Industry | Automotive |
| Founded | 1945; 79 years ago |
| Founder | J. R. D. Tata |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | Worldwide |
| Key people | Natarajan Chandrasekaran(Chairman)P. B. Balaji (CFO) |
| Products | Automobiles Luxury vehicles Commercial vehicles Automotive parts Pickup trucks SUVs |
| Production output | 1.1 million (2021) |
| Services | Vehicle leasing Vehicle service |
| Revenue | ₹443,877 crore(US$53 billion) (2024) |
| Operating income | ₹28,232 crore(US$3.4 billion) (2024) |
| Net income | ₹31,806 crore(US$3.8 billion) (2024) |
| Total assets | ₹370,663 crore(US$44 billion) (2024) |
| Total equity | ₹93,093 crore(US$11 billion) (2024) |
| Number of employees | 91,811 (2024) |
| Parent | Tata Group |
| Subsidiaries | Tata Motors Cars Jaguar Land Rover Tata Daewoo Tata Marcopolo Tata Technologies Tata Hispano Tata Hitachi Construction Machinery |
| Website | tatamotors.com |
Tata Motors Share Price Growth in 1990 to 2024
| Year | Tata Motors | YOY Chg% | High/Low |
| 1990 | ₹23.21 | – | ₹32.34/₹13.17 |
| 1991 | ₹33.99 | 46.4% | ₹41.62/₹17.07 |
| 1992 | ₹31.44 | -7.6% | ₹71.26/₹25.75 |
| 1993 | ₹41.92 | 33.3% | ₹45.21/₹18.56 |
| 1994 | ₹62.88 | 50% | ₹73.66/₹43.12 |
| 1995 | ₹72.82 | 15.8% | ₹85.47/₹49.71 |
| 1996 | ₹64.58 | -11.4% | ₹108/₹54.47 |
| 1997 | ₹56.77 | -12.1% | ₹90.40/₹48.48 |
| 1998 | ₹31.24 | -45% | ₹62.76/₹17.53 |
| 1999 | ₹38.52 | 23.3% | ₹62.38/₹24.24 |
| 2000 | ₹16.84 | -56.3% | ₹50.98/₹13.03 |
| 2001 | ₹19.13 | 13.5% | ₹21.83/₹11.11 |
| 2002 | ₹30.92 | 61.6% | ₹33.23/₹18.49 |
| 2003 | ₹86.68 | 180.3% | ₹88.06/₹28.31 |
| 2004 | ₹96.80 | 11.6% | ₹109/₹63.32 |
| 2005 | ₹125.14 | 5.2% | ₹127/₹77.09 |
| 2006 | ₹172.52 | 37.8% | ₹191/₹116 |
| 2007 | ₹142.21 | -17.6% | ₹186/₹118 |
| 2008 | ₹31.47 | -77.9% | ₹156/₹24.14 |
| 2009 | ₹156.84 | 398.3% | ₹158/₹24.93 |
| 2010 | ₹258.49 | 64.8% | ₹273/₹127 |
| 2011 | ₹176.51 | -31.8% | ₹264/₹136 |
| 2012 | ₹309.09 | 75.1% | ₹317/₹176 |
| 2013 | ₹372.42 | 20.4% | ₹400/₹249 |
| 2014 | ₹490.85 | 31.8% | ₹544/₹327 |
| 2015 | ₹391.25 | -20.3% | ₹605/₹279 |
| 2016 | ₹471.35 | 20.4% | ₹598/₹266 |
| 2017 | ₹431.20 | -8.6% | ₹553/₹357 |
| 2018 | ₹172.60 | -60% | ₹443/₹154 |
| 2019 | ₹185.10 | 7.2% | ₹239/₹106 |
| 2020 | ₹183.70 | -0.8% | ₹201/₹63 |
| 2021 | ₹482.35 | 162.5% | ₹536/₹184 |
| 2022 | ₹388.10 | -19.6% | ₹528/₹366 |
| 2023 | ₹779.95 | 100.9% | ₹802/₹381 |
| 2024 | ₹797.40 | 1.4% | ₹794/₹775 |
Tata Motors Share Price From 1990 To 2000
The 1990s were foundational for Tata Motors, setting the stage for its future trajectory. During this decade, with India’s economic liberalization in full swing, Tata Motors shares began to gain traction. Starting at ₹23.21 in 1990, the share price saw moderate growth, reaching ₹16.84 by the end of 2000. While the movement was not as dramatic, it laid the groundwork for the company’s future expansion.
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Tata Motors Share Price From 2000 To 2010
The 2000s marked a transformative period for Tata Motors. Beginning at ₹16.84 in 2000, the share price surged to ₹258.49 by 2010. This remarkable growth was driven by increased domestic demand, international market penetration, and the company’s commitment to innovation and quality improvement. These years established Tata Motors as a significant player in the automotive industry.
Tata Motors Share Price From 2010 To 2020
From 2010 to 2020, Tata Motors experienced unprecedented success. Starting at ₹258.49 in 2010, the company’s sustained growth and strong performance propelled its share price to ₹183.70 by 2020. Despite market fluctuations, Tata Motors cemented its reputation as a reliable investment choice, becoming a favorite among institutional and retail investors.
Tata Motors Share Price From 2020 To 2024
The period from 2020 to 2024 was marked by resilience and adaptability for Tata Motors. Beginning at ₹183.70 in 2020, the share price skyrocketed to ₹797.40 by 2024. Despite global challenges, including the pandemic, Tata Motors demonstrated robust growth, securing its position as a leader in the automotive sector and continuing to attract substantial investor confidence.
Tata Motors Share Price Target from 2025-2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | 1160 | 650 | 850 |
| 2025 | 1350 | 800 | 1240 |
| 2026 | 1600 | 950 | 1550 |
| 2027 | 1750 | 1150 | 1720 |
| 2028 | 2050 | 1480 | 1950 |
| 2029 | 2380 | 1640 | 2320 |
| 2030 | 2540 | 1750 | 2450 |
| 2035 | 3950 | 1900 | 3500 |
| 2040 | 5400 | 3240 | 5150 |
Technical Analysis for Tata Motors Limited
Tata Motors Share Price Target 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹ 1280 | ₹ 1350 |
Tata Motors, one of India’s largest automobile manufacturers, is well-positioned to capitalize on the growing demand for electric vehicles (EVs) and its strong presence in the commercial and passenger vehicle markets. With a robust product pipeline and a focus on sustainability, the company is expected to deliver strong growth. For 2025, our analysis projects a first target share price of ₹1280, with a second target reaching ₹1350 by the year-end.
Tata Motors Share Price Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹ 1450 | ₹ 1600 |
By 2026, Tata Motors’ emphasis on electric mobility and global expansion is anticipated to drive significant growth in revenues and profitability. The first target share price is estimated at ₹1450, with a second target of ₹1600, reflecting its continued leadership in the automobile sector.
Tata Motors Share Price Target 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹ 1680 | ₹ 1750 |
As Tata Motors strengthens its EV portfolio and expands its global market share, it is expected to achieve substantial growth by 2027. The first target share price is projected at ₹1680, with a second target of ₹1750, showcasing consistent performance.
Tata Motors Share Price Target 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹ 1900 | ₹ 2050 |
With increasing investments in EV technology and innovation, Tata Motors is poised for further growth by 2028. The company’s strong foothold in the electric and commercial vehicle markets could lead to a first target share price of ₹1900, with a second target of ₹2050.
Tata Motors Share Price Target 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹ 2100 | ₹ 2380 |
By 2029, Tata Motors’ strategic focus on scaling production and expanding its EV infrastructure is expected to yield significant returns. The first target share price is projected at ₹2100, with a second target reaching ₹2380, reflecting its growing dominance in the global automobile industry.
Tata Motors Share Price Target 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹ 2450 | ₹ 2540 |
Looking towards 2030, Tata Motors is anticipated to achieve substantial milestones, particularly in the EV segment and global markets. The first target share price is estimated at ₹2450, with a second target of ₹2540, indicating strong long-term growth potential.
Tata Motors Share Price Target 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹ 3500 | ₹ 3950 |
By 2035, Tata Motors is expected to solidify its position as a global leader in the automobile industry, driven by innovation, sustainability, and market expansion. The first target share price is projected at ₹3500, with a second target of ₹3950, highlighting its robust long-term growth trajectory.
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Tata Motors Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹ 4500 | ₹ 5400 |
By 2040, Tata Motors is projected to be a dominant global player in the automotive industry, with a strong emphasis on electric vehicles (EVs), autonomous driving technology, and sustainable innovations. Leveraging its extensive global presence and leadership in EV markets, the company is likely to benefit from increased demand for green and connected mobility solutions. For 2040, the first target share price is estimated at ₹4500, with a second target of ₹5400, reflecting its long-term growth potential and strategic advancements.
Tata Motors Ltd Fundamentals
| Metric | Value |
| Market Cap | ₹2,88,314 Cr |
| P/E Ratio (TTM) | 8.65 |
| P/B Ratio | 2.85 |
| Industry P/E | 21.99 |
| Debt to Equity | 1.05 |
| ROE (Return on Equity) | 32.99% |
| EPS (TTM) | 90.58 |
| Dividend Yield | 0.80% |
| 52 Week High | ₹1,179 |
| 52 Week Low | ₹674 |
| Book Value | ₹274.55 |
| Face Value | ₹2 |
Tata Motors Financial Results
| Value ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| Sales | 249,795 | 278,454 | 345,967 | 437,928 | 440,061 |
| Expenses | 217,507 | 253,734 | 314,151 | 378,389 | 379,564 |
| Operating Profit | 32,287 | 24,720 | 31,816 | 59,538 | 60,497 |
| OPM % | 13% | 9% | 9% | 14% | 14% |
| Other Income | -11,118 | 2,424 | 6,664 | 5,673 | 6,617 |
| Interest | 8,097 | 9,312 | 10,225 | 9,986 | 8,841 |
| Depreciation | 23,547 | 24,836 | 24,860 | 27,270 | 26,580 |
| Profit before tax | -10,474 | -7,003 | 3,394 | 27,955 | 31,693 |
| Tax % | 24% | 60% | 21% | -14% | |
| Net Profit | -13,395 | -11,309 | 2,690 | 31,807 | 33,816 |
| EPS in Rs | -40.51 | -34.46 | 7.27 | 94.47 | 99.33 |
| Dividend Payout % | 0% | 0% | 32% | 7% |
Tata Motors Balance Sheet
| Value ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 766 | 766 | 766 | 766 | 736 |
| Reserves | 54,481 | 43,795 | 44,556 | 84,152 | 100,326 |
| Borrowings | 142,131 | 146,449 | 134,113 | 107,262 | 106,549 |
| Other Liabilities | 144,193 | 138,051 | 155,239 | 177,340 | 183,045 |
| Total Liabilities | 341,570 | 329,061 | 334,674 | 369,521 | 390,656 |
| Fixed Assets | 138,708 | 138,855 | 132,080 | 121,285 | 157,718 |
| CWIP | 20,964 | 10,251 | 14,274 | 35,698 | 15,526 |
| Investments | 24,620 | 29,380 | 26,379 | 22,971 | 33,381 |
| Other Assets | 157,278 | 150,575 | 161,941 | 189,566 | 184,031 |
| Total Assets | 341,570 | 329,061 | 334,674 | 369,521 | 390,656 |
Tata Motors Shareholding Pattern
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
| Promoters | 46.41% | 46.40% | 46.39% | 46.36% | 42.58% |
| FIIs | 13.78% | 14.45% | 15.34% | 19.20% | 20.54% |
| DIIs | 11.91% | 14.38% | 17.69% | 16.01% | 16.08% |
| Government | 0.15% | 0.14% | 0.14% | 0.14% | 0.29% |
| Public | 27.75% | 24.62% | 20.41% | 18.31% | 20.49% |
| No. of Shareholders | 20,38,757 | 37,97,100 | 38,14,831 | 46,16,908 | 57,27,234 |
Tata Motors’s Peer comparison
Factors Influencing Tata Motors Share Price
The share price of Tata Motors, like any publicly traded company, is influenced by various factors. These factors can be external, internal, or market-driven. Here’s an overview of some key aspects that impact Tata Motors’ share price:
- Company Performance: Strong earnings, profitability, and cost control drive share price growth.
- Market Conditions: Economic factors like interest rates, market sentiment, and overall economic growth affect demand for vehicles.
- Industry Trends: The health of the automobile sector, raw material prices, and government policies impact Tata Motors.
- Global Market: International sales, currency exchange rates, and global political factors affect its performance.
- Product Innovation: New vehicle launches and strategic partnerships, especially in electric vehicles, can boost stock prices.
- Leadership: Effective leadership and decisions on mergers/acquisitions influence investor confidence.
- Competitors: The performance of rivals, like Maruti Suzuki or Hyundai, affects market share and stock value.
- Investor Sentiment: Analyst recommendations and market speculation can drive short-term price fluctuations.
- ESG Factors: Sustainability efforts and strong governance practices are increasingly important to investors.
- Global Events: Pandemics, crises, or natural disasters can disrupt operations and affect stock price.
Tata Motors Dividend History (2000 – 2024)
| Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
| 10 May, 2024 | 11 Jun, 2024 | Final | 3.00 |
| 11 May, 2024 | 11 Jun, 2024 | Special | 3.00 |
| 12 May, 2023 | 28 Jul, 2023 | Final | 2.00 |
| 30 May, 2016 | 18 Jul, 2016 | Final | 0.20 |
| 29 May, 2014 | 09 Jul, 2014 | Final | 2.00 |
| 29 May, 2013 | 30 Jul, 2013 | Final | 2.00 |
| 29 May, 2012 | 18 Jul, 2012 | Final | 4.00 |
| 26 May, 2011 | 19 Jul, 2011 | Final | 20.00 |
| 27 May, 2010 | 10 Aug, 2010 | Final | 15.00 |
| 29 May, 2009 | 03 Aug, 2009 | Final | 6.00 |
| 16 May, 2008 | 16 Jun, 2008 | Final | 15.00 |
| 18 May, 2007 | 01 Jun, 2007 | Final | 15.00 |
| 19 May, 2006 | 23 Jun, 2006 | Final | 13.00 |
| 17 May, 2005 | 23 Jun, 2005 | Final | 12.50 |
| 20 May, 2004 | 22 Jun, 2004 | Final | 4.00 |
| 14 Jan, 2004 | 12 Feb, 2004 | Interim | 4.00 |
| 27 May, 2003 | 30 Jun, 2003 | Final | 4.00 |
Tata Motors Splits History (1990 – 2024)
| Announcement Date | Ex-Split Date | Old FV | New FV | Remarks |
| 26 May, 2011 | 12 Sep, 2011 | 10 | 2 | For every share held, the holder will receive 5 shares post the split adjustment. |
| 03 Jan, 1996 | – | 100 | 10 | For every share held, the holder will receive 10 shares post the split adjustment. |
Tata Motors Bonus History (1990 – 2024)
| Announcement Date | Ex-Bonus Date | Bonus Ratio | Remarks |
| 28 Sep, 1995 | 04 Oct, 1995 | 3:5 | For every 5 share held; Holder will receive 3 bonus shares. |
FAQ
Q.1. What are the projected share price targets for 2025?
Ans: The share price target for 2025 is expected to reach ₹1280 as the first target and ₹1350 as the second target, suggesting promising near-term growth.
Q.2. What are the share price targets for 2026?
Ans: For 2026, the share price is forecasted to be ₹1450 as the first target and ₹1600 as the second target, reflecting strong growth momentum.
Q.3. Who is the current CEO of Tata Motors?
Ans: The CEO and Managing Director of Tata Motors is Marc Llistosella. He has been in this role since July 1, 2021. Marc Llistosella has extensive experience in the automotive industry and is known for his expertise in greenfield projects, turnaround management, and strategic growth initiatives.
Q.4. What are the long-term targets for 2030?
Ans: In 2030, the share price is anticipated to achieve ₹2450 as the first target and ₹2540 as the second target, driven by sustained business expansion.
Q.5. What is the share price forecast for 2035?
Ans: The share price for 2035 is estimated to reach ₹3500 as the first target and ₹3950 as the second target, reflecting significant long-term growth potential.
Q.6. What are the share price targets for 2040?
Ans: By 2040, the share price is projected to reach ₹4500 as the first target and ₹5400 as the second target, indicating robust growth over the decades.
Q.7. What was the share price in 1990?
Ans: The share price in 1990 was ₹23.21, reflecting the company’s early stage in the market.
Q.8. How did the share price perform in 2000?
Ans: In 2000, the share price dropped to ₹16.84, likely due to market volatility or economic factors impacting the company’s performance.
Q.9. What was the share price in 2010?
Ans: By 2010, the share price had significantly increased to ₹258.49, indicating a period of rapid growth and increased investor confidence.
Q.10. What was the share price in 2020?
Ans: In 2020, the share price was ₹183.70, showing a slight correction after the highs of 2010, possibly due to market or industry-specific challenges.
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