Tata Motors Passenger Vehicles Ltd Share Price – NSE  / BSE

Automobile, Mid Cap

Wholesale volumes for the fourth quarter were 95,300 units (excluding the Chery Jaguar Land Rover China (CJLR) JV), down 14.5% year-on-year, reflecting ongoing challenges in certain markets and the planned wind down of legacy Jaguar models ahead of new Jaguar launch.

Compared to the prior year, wholesale volumes for the fourth quarter were down in all markets, aside from Europe, which was up 4.1%. Volumes were lower in the UK (-23.1%), North America (-19.0%), China (-29.8%), Overseas (-7.9%) and MENA (-2.4%).

The overall mix of Range Rover, Range Rover Sport and Defender models was 77.1% of total wholesale volumes in Q4 FY26, up from 66.3% in Q4 FY25 and up from 74.3% in the prior quarter.

Retail sales for the fourth quarter of 92,700 units (including CJLR) were down 14.3% year-on-year but up 16.2% compared to Q3 FY26. Compared to the prior year, retail volumes for the fourth quarter were down in all markets, with the UK down 2.9%, North America down 13.8%, Europe down 6.4%, China down 34.6%, Overseas down 16.2% and MENA1 down 29.6%.

On an annual basis, wholesale volumes for FY26 stood at 307,900 units, down 23.2% compared to FY25. Retail volumes for FY26 were 352,300 units, declining 17.8% year-on-year. For the full year, the combined mix of Range Rover, Range Rover Sport, and Defender models increased to 76.5%, up from 67.8% in the previous year.

JLR will report its fourth quarter and full year results for the period ended 31 March 2026 in May 2026.

Tata Motors (formerly TML Commercial Vehicles) is India?s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applications?from last-mile delivery to public transport.

The company reported consolidated net loss of Rs 3,486 crore in Q3 FY26 compared with net profit of Rs 5,406 crore in Q3 FY25. Revenue from operations fell 25.81% YoY to Rs 69,605 crore during the quarter.

The counter rose 0.12% to end at Rs 303.25 on the BSE. The stock market will remain closed today, 4 April 2026, on account of Good Friday.

JLR today reports its wholesale and retail sales for the fourth quarter of FY26 (three-months to 31 March 2026) and the full year ended 31 March 2026. As anticipated and previously indicated, fourth quarter volumes rose significantly versus the prior quarter, as operations recovered and production returned to normal levels following the cyber incident. Full year volumes were impacted by US tariffs, China market challenges, planned wind down of legacy Jaguar models ahead of new Jaguar launch and production stoppages following the cyber incident.

Wholesale volumes for the fourth quarter were 95,300 units (excluding the Chery Jaguar Land Rover China ('CJLR') JV), down 14.5% year-on-year, reflecting ongoing challenges in certain markets and the planned wind down of legacy Jaguar models ahead of new Jaguar launch. Q4 wholesale volumes increased 61.1% compared to Q3 FY26, reflecting a return to normal production levels following the cyber incident. Compared to the prior year, wholesale volumes for the fourth quarter were down in all markets, aside from Europe, which was up 4.1%. Volumes were lower in the UK (-23.1%), North America (-19.0%), China (-29.8%), Overseas (-7.9%) and MENA (-2.4%). Wholesale volumes for FY26 were 307,900* units, down 23.2% versus FY25.

The overall mix of Range Rover, Range Rover Sport and Defender models was 77.1% of total wholesale volumes in Q4 FY26, up from 66.3% in Q4 FY25 and up from 74.3% in the prior quarter. For the full year, the mix of the same models was 76.5%, up from 67.8% the previous year.

Retail sales for the fourth quarter of 92,700 units (including CJLR) were down 14.3% year on-year but up 16.2% compared to Q3 FY26. Compared to the prior year, retail volumes for the fourth quarter were down in all markets, with the UK down 2.9%, North America down 13.8%, Europe down 6.4%, China down 34.6%, Overseas down 16.2% and MENA down 29.6%. Retail volumes for FY26 were 352,300 units, down 17.8% versus FY25.

JLR will report its fourth quarter and full year results for the period ended 31 March 2026 in May 2026.

Tata Motors Passenger Vehicles reported total sales of 66,971 units in month of March 2026 compared to 51,872 units in March 2025, recording a growth of 29%. Total sales include domestic sales of 66,192 units (up 28% YoY) and international business of 779 units (up 204% YoY). EV sales rose 77% to 9,494 units for the month.

For Q4 FY 2026, total sales rose 37% to 201,368 units including EV sales of 26,931 units (up 69% YoY).

For FY 2026, total sales rose 15% to 641,587 units including EV sales of 92,120 units (up 43% YoY).

Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles said, ?PV industry sales are expected to reach record volumes of ~4.7 million units for the year, reflecting 8% year on year (YoY) growth. The industry witnessed a strong rebound in the second half, posting double digit growth, supported by GST 2.0 implementation and a robust festive season. Customer preference for greener technologies gained further momentum, with CNG volumes growing at ~20% YoY and EV volumes surpassing the milestone of 200,000 units. This growth was driven by improving consumer confidence in EVs and wider participation with all major OEMs launching new products, offering more choice.

For Tata Motors Passenger Vehicles, FY26 has been a landmark year marked by multiple milestones. We achieved our highest ever annual sales volumes of over 6.4 lakh units, delivering industry beating growth of 15% YoY and ended it with strong positive momentum, emerging as the #2 ranked player in the industry based on Vahan registrations in H2. We also recorded strong international business volumes of over 10,000 units, driven by our re-entry into South Africa. Our emission-friendly powertrains delivered industry-leading performance in CNG with sales exceeding 1.7 lakh units during the year (24% YoY growth). In EVs, we further strengthened our leadership position with our sustained focus on strengthening the value proposition and holistically addressing adoption barriers. This led to robust 43% YoY growth and our highest-ever EV volumes of over 92,000 units during FY26.

In Q4 FY26, we delivered our highest ever quarterly sales, crossing 200,000 units, and recorded a strong 37% YoY growth. The quarter also marked our highest ever EV sales, with volumes of ~27,000 units, registering a sharp 69% YoY growth.

Nexon and Punch emerged as the highest selling SUV models in H2, underscoring the strength of our SUV portfolio, while industry-beating growth in hatchbacks reinforced their customer preference. Our recent launches of Sierra, refreshed Punch and petrol version of Harrier & Safari continue to see progressive growth in customer traction, across bookings, enquiries and deliveries.

Looking ahead, industry momentum is expected to sustain, led by growth in SUVs, CNG and EV. At the same time, the industry will need to closely monitor geopolitical developments to mitigate potential supply-side risks. For Tata Motors Passenger Vehicles, we expect to build on the strong momentum of H2 and continue to deliver industry-beating growth in FY27, supported by recent launches, a strong pipeline of new products, and established multi-powertrain strategy.?

The key equity indices ended with steep losses today, snapping a two-day gaining streak, mirroring weak global cues amid persistent uncertainty over the de-escalation of Middle East tensions and renewed concerns about inflationary pressures. The rupee also weakened to a fresh record low of 94.85 against US dollar. Investor sentiment remained cautious due to the lack of clarity on the reopening of the Strait of Hormuz. The Nifty closed below the 22,850 mark.

Meanwhile, the Indian government has slashed additional excise duty on both petrol and diesel on the backdrop of the ongoing US-Iran war in West Asia. The additional excise duty on petrol has been lowered to Rs 3 per litre from Rs 13 per litre earlier. Meanwhile, the excise duty on diesel was cut to nil from Rs 10 per liter earlier. The move to cut petrol and diesel excise duty is aimed at providing relief to the oil marketing companies as oil prices continue to trade above $100 per barrel amid the war in the Middle East. Auto shares declined after advancing in the past two trading sessions.

All the sectoral indices on the NSE were ended in red, dragged down by PSU bank, realty and auto shares.

As per provisional closing data, the barometer index, the S&P BSE Sensex tumbled 1,690.23 points or 2.25% to 73,583.22. The Nifty 50 index fell 488.85 points or 2.09% to 22,819.60. In the past two consecutive trading sessions the Sensex and Nifty climbed 3.54% and 3.53%, respectively.

In the broader market, the BSE 150 MidCap Index slipped 2.18% and the BSE 250 SmallCap Index declined 1.82%.

The market breadth was weak. On the BSE, 831 shares rose and 3,534 shares fell. A total of 146 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term rallied 8.77% to 26.80.

The rupee was hovering at 94.7200 against the U.S. dollar, compared with its previous close of 93.9600 weighed down by the ongoing conflict in West Asia.

In the commodities market, Brent crude for May 2026 settlement added $1.98 or 1.83% to $109.99 a barrel.

US-Iran Warfare

As the Middle East conflict continues without clarity, uncertainty remains a key concern for investors.

According to media reports, U.S. President Donald Trump has decided to extend the pause on potential strikes targeting Iran?s energy infrastructure into April, stating that the decision was taken at Tehran?s ?request.? However, subsequent media reports suggested that Iran had not formally sought any such pause.

Meanwhile, Iran is said to have rejected a 15-point proposal put forward by the United States and instead presented its own set of conditions. These reportedly include assurances that the U.S. and Israel would not resume military actions against Iran, along with recognition of Iran?s control over the Strait of Hormuz.

IPO Update:

The initial public offer (IPO) of Sai Parenteral?s received bids for 66,69,722 shares as against 75,22,486 shares on offer, according to stock exchange data at 15:33 IST on Friday (27 March 2026). The issue was subscribed 0.89 times.

The issue opened for bidding on 24 March 2026 and it will close on 27 March 2026. The price band of the IPO is fixed between Rs 372 and 392 per share.

The initial public offer (IPO) of Amir Chand Jagdish Kumar (Exports) received bids for 5,96,56,660 shares as against 1,89,05,270 shares on offer, according to stock exchange data at 15:33 IST on Friday (27 March 2026). The issue was subscribed 3.16 times.

The issue opened for bidding on 24 March 2026 and it will close on 27 March 2026. The price band of the IPO is fixed between Rs 201 and 212 per share.

The initial public offer (IPO) of Powerica received bids for 2,90,10,331 shares as against 2,05,55,171 shares on offer, according to stock exchange data at 15:33 IST on Friday (27 March 2026). The issue was subscribed 1.41 times.

The issue opened for bidding on 24 March 2026 and it will close on 27 March 2026. The price band of the IPO is fixed between Rs 375 and 395 per share.

Stocks in Spotlight:

Tata Motors Passenger Vehicles tumbled 4.90% after reports said its luxury arm, Jaguar Land Rover (JLR), has temporarily halted production at its Solihull plant in the United Kingdom due to a parts supply disruption.

Larsen & Toubro declined 2.16%. The company said its buildings & factories (B&F) vertical has secured multiple orders across several states in India, with the total value classified as ?significant? (Rs 1,000 crore ? Rs 2,500 crore).

Royal Orchid Hotels (ROHL) fell 4.54%. The company announced the signing of a new upscale hotel project in Mundra, further strengthening its presence in key industrial and port cities across the country.

ACME Solar Holdings jumped 6.01% after the company announced commissioning of an additional 4 MW capacity at its wind power project in Gujarat. The capacity addition has been executed through its subsidiary, ACME Eco Clean Energy, at Surendranagar district. With this, the total commissioned capacity at the project has reached 92 MW out of the planned 100 MW.

Hilton Metal Forging hit upper circuit of 20% after the company secured an order worth approximately Rs 720 crore for the supply of 3,60,000 standard 155mm M107 empty bomb artillery shells.

Azad Engineering advanced 1.12% after the company signed an 8-year long-term contract and price agreement with Mitsubishi Heavy Industries (MHI), Japan, to supply complex hot-section nozzle vane segments for gas turbine engines.

Sula Vineyards fell 2.56% after has signed a definitive agreement with Mo?t Hennessy India to acquire the wine production facility and estate of Chandon in Dindori, Nashik, as part of its expansion strategy. Spread across 19 acres, the estate houses a state-of-the-art winery with an annual production capacity of 4.5 lakh litres, which can be scaled up to 13 lakh litres

Global Markets:

European market declined as investors struggled to decipher mixed messages on the status of Middle East peace talks.

Asian market ended mixed on Friday despite president Donald Trump?s postponing of strikes on Iran brought some relief, although concerns over a prolonged conflict kept some regional markets under pressure.

President Donald Trump extended his Friday deadline to attack Iran?s energy infrastructure by 10 days to April 6 to allow more time for negotiations.

The extension was at the request of the government of the Islamic Republic, Trump said, and it was granted in exchange for 10 oil tankers that passed through the Strait of Hormuz as a ?present? from Tehran. Washington has in recent days signaled it wants a negotiated end to the conflict and insisted that peace talks with the Islamic Republic had been ongoing. Tehran has denied that it is in direct talks with the U.S.

Meanwhile, China?s industrial profits jumped 15.2% from a year earlier in the January-February period, the National Bureau of Statistics data showed Friday, extending a sharp rebound from a 5.3% jump in December.

Overnight on Wall Street, the S&P 500 fell on Thursday, weighed by higher oil prices, as traders followed the latest developments out of the Middle East.

The broad market index declined 1.74% to end at 6,477.16, while the Nasdaq Composite shed 2.38% and closed at 21,408.08. The tech-heavy index closed in correction territory, down more than 10% from its high. The Dow Jones Industrial Average dipped 469.38 points, or 1.01%, and settled at 45,960.11.

Powered by Capital Market - Live News