Tata Motors shares crashed 10per cent to hit their lower circuit at Rs 552.50 on the BSE in early trade on Monday after Jaguar Land Rover (JLR), its UK-based subsidiary, announced a temporary pause in shipments to the United States for April. The move comes in response to the recent imposition of a 25per cent tariff on imported vehicles by the Trump administration.
However, the same recovered slightly after a few minutes, trading down by 8.8per cent at Rs 559.75.
JLR, which manufactures premium vehicles including Jaguars, Range Rovers, and Defenders, does not operate any production facilities in the US. The company relies entirely on exports to meet American demand and had shipped 38,000 vehicles to the US in the last quarter of 2024.
In a statement, JLR said: “The USA is an important market for JLR’s luxury brands. As we work to address the new trading terms with our business partners, we are enacting our short-term actions, including a shipment pause in April, as we develop our mid- to longer-term plans.”
Tata Motors reported flat domestic sales in March 2025, delivering 90,500 units compared to 90,822 units in the same month last year.
While passenger vehicle (PV) sales, including electric vehicles (EVs), rose 3per cent to 51,872 units, commercial vehicle (CV) sales dropped 3per cent to 41,122 units.
For the full financial year 2024–25, Tata Motors posted a 4per cent decline in total domestic sales to 9,12,155 units from 9,49,015 units in FY24. PV sales fell 3per cent year-on-year to 5,56,263 units, while CV sales dropped 5per cent to 3,76,903 units.
Tata Motors stock: Target price and performance
According to Trendlyne data, the average target price for Tata Motors shares is Rs 843, indicating an upside of 37per cent from current levels. The consensus recommendation from 30 analysts is a ‘Buy’.
On Friday, Tata Motors shares closed at Rs 613.8 on the BSE, down 6.1per cent, while the benchmark Sensex declined 1.22per cent. The stock has dropped 18per cent year-to-date and 39per cent over the past year. The company’s market capitalization currently stands at Rs 2,25,979 crore.
