Broker maintains 'Add' on Tata Motors PV with ₹405 target on EV-led premium push

Brokerage keeps Add on Tata Motors passenger vehicles (CMP ₹346, target ₹405), citing Sierra EV's tech-led premium positioning, an expected 30-40% powertrain mix, and TMPV's ambition to double volumes to 1.2 million units and capture ~20% market share by FY31.

— Filed Thu, 2 Jul, 2026, 20:48 IST · Source The Hindu BusinessLine · Updated

Broker maintains Add on Tata Motors PV with ₹405 target, citing Sierra EV's premium tech-led positioning, expected 30-40% powertrain mix, and TMPV's ambition for 2x volume growth to 1.2 million units and ~20% market share by FY31.