Tata Motors share price is surging, up over 2%, March 18. Recently, the company in an exchange filing on March 17 announced that it would hike prices on its commercial vehicles by up to 2%, effective April 1, 2025. As per the company’s filing, this move is aimed at offsetting rising input costs and will be applied across different models and variants.
HSBC revises outlook for Tata Motors
In a latest report, global brokerage firm HSBC has upgraded Tata Motors stock rating to ‘Buy’. The firm revised its target price to Rs 840 per share, implying a potential 29% upside from current levels.
While HSBC remains optimistic, it did lower its previous target from Rs 930, citing evolving market conditions. However, the firm believes that multiple tailwinds could drive margin expansion.
Tata Motors: Reasons for price hike
Tata Motors, India’s largest commercial vehicle manufacturer, stated that the price adjustment was necessary due to increased production expenses. In an exchange filing, the company said, “The price increase is to offset the rise in input costs and will vary as per individual models and variants.”
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Apart from this, Maruti Suzuki, another major player in the automobile sector, also announced a price increase of up to 4%, citing higher operational costs and inflationary pressures.
Tata Motors stock performance
Tata Motors shares have faced turbulence over the past year. With a market capitalisation of Rs 2.47 lakh crore, Tata Motors share price has seen a marginal gain of 1% over the past five days. However, in the last month, the stock has declined by nearly 2%.
Looking at a broader trend, the stock has tumbled 30% over the past six months and is down 31% year-on-year.
On a year-to-date (YTD) basis, the share price of Tata Motors is down 10%. The 52-week high and low stand at Rs 1,179 and Rs 606.30 per share, respectively.
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