TMPV Share Price Slips 4.5% Near 52-Week Low: Trump Tariffs, JLR Exposure Weigh on Tata Motors Stock

TMPV share price saw sharp selling pressure on Monday, slipping as much as 4.5% in early trade and hovering close to its 52-week low. The decline was seen amid rising global trade tensions after fresh tariff threats by US President Donald Trump, raising concerns over Tata Motors' British luxury arm Jaguar Land Rover's (JLR) exposure to the US and European markets.

Shares of Tata Motors Passenger Vehicles (TMPV) opened flat at Rs. 353.60 on the NSE, in line with the previous close, but soon slipped to an intraday low of Rs. 338.35, marking a near 4.5% fall. Tata Motors shares are currently trading close to their 52-week low range.

Why TMPV and Tata Motors Shares Are Falling Today

The latest sell-off in Tata Motors stock is mainly because of renewed geopolitical and trade-related risks. On January 17, U.S. President Donald Trump announced fresh tariffs on several European and NATO allies as part of his continued push to assert control over Greenland. The tariff announcement, made on Trump's Truth Social platform, applies to Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland.

Any escalation in trade tensions or tariff barriers to the US and European markets could impact JLR's volumes, margins, and export competitiveness, which eventually weighed on Tata Motors' share price today.

Tata Motors Financial Performance

Despite near-term stock volatility, Tata Motors reported strong consolidated performance in FY25. The company posted record revenue of Rs. 4.39 lakh crore and a net profit of Rs. 28,100 crore for the full year. However, Q4 FY25 net profit declined sharply to Rs. 8,556 crore due to a high base effect.

In Q2 FY26, Tata Motors Passenger Vehicles reported a total income of Rs. 73,810 crore and an exceptional profit after tax of Rs. 76,248 crore, largely aided by tax reversals. Q3 FY26 sales volumes touched a record 171,013 units, marking a 22.3% year-on-year growth, driven by strong demand for SUVs and electric vehicles (EVs). The company's Q3 FY26 financial results are expected around January 29, 2026.

Tata Motors Share Price Target: What Brokerages Say

Motilal Oswal Financial Services (MOFSL), in its latest report, highlighted strong domestic passenger vehicle demand. The brokerage noted that India PV volumes grew 22% year-on-year, supported by festive and wedding season demand.

"Led by operating leverage benefits, we expect India margins to improve by 160 basis points quarter-on-quarter to 7.3%. After the cyber incident in Q2, we expect JLR to post a steady recovery in volumes of around 18% QoQ," the Motilal Oswal report mentioned.
The brokerage further expects JLR margins to improve to 5.4%, from a negative 1.6% in the previous quarter. However, MOFSL has maintained a cautious stance on the stock, assigning a target price of Rs. 315, implying a downside of nearly 15% from the current market price of around Rs. 370.

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