Tata Motors Share Price Target 2025: 28% Upside? Emkay Global Shares Sectoral Outlook

The Indian passenger vehicle (PV) sector is navigating turbulent waters, as highlighted in a December 2024 report by Emkay Global Financial Services.

Factors such as weakening demand post-festive season, elevated inventory levels, and stringent financier norms have compounded challenges. Record-high discounts have failed to revive consumer sentiment, and inventory levels remain a concern, with some dealers reporting stocks lasting 65-68 days.

‘Dealers reported weak market sentiment, citing limited product variety, insufficient new launches, and shift of festive demand to October. While rural interest was evident, it fell short of adequately boosting the overall sentiment. Inventory levels have reduced by ~10 days, but remain elevated at 65-68 days.’ as mentioned in the report. 

Tata Motors: A Bright Spot Amid Weak Sentiments
Amidst sector-wide headwinds, Tata Motors emerges as a standout player. Emkay Global's analysis pegs the company’s share price target at Rs 1,000 by 2025, indicating a potential 28% upside from its current trading levels of Rs 780. This optimism stems from Tata Motors’ strategic focus on product differentiation and market adaptability, despite the muted response to its Curvv SUV.

‘ Tata PVs are struggling after the relatively muted response for Curvv SUV,’ as mentioned in the report by Brokerages 

The report has suggested a reduction in the rating for M&M and Hyundai Motor India. However, regarding Maruti Suzuki , the report recommends maintaining the rating at "ADD."
 

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