How Tata Motors EV Range Impact Its Stock Price?

In today’s rising modern tech era, Tata Motors is one of the prominent faces of EVE (Electric Vehicles) in India, with Rs. 9,300 crores in revenue in 2023-24. The company has maintained the leadership position in the EV segment with wholesale volumes of 73,844 units, up 47.5% YoY.

According to Vahan Portal, the company has enjoyed the top position with a 73.1% market share. Tata Motor’s five top leading EV models – Tiago EV, Tigor EV, Punch EV, Nexon EV, and Xpress T have given exceptional growth and name within the EV segment.

EV is the demand of the future, and Tata Motors’ strategic move towards the development of more sustainable electric vehicles will not only enhance its overall market share but also significantly impact its stock price.

In this blog, we’ll delve deep into the Tata Motors growth and outlook for EV vehicles and unfold how it is currently impacting stock prices. Let’s begin!

How Tata Motors EV Range Impact Its Stock Price?

Overview: Tata Motors Expansion in EV Segment 

Tata Motors is at the forefront of India’s EV evolution, with a range of cars like Nexon EV and Tigor EV. As per Tata Motor’s report, the company has announced plans for the launches of Sierra, Harrier, Curvv, and Avinya in the upcoming years to drastically enhance its EV portfolio.

To drive growth in 2024 onwards, Tata Motors is planning to create a synergy between EVs (Electric Vehicles) and RTS (Rooftop solar).

As per the company’s estimation, the cross-promotion of TRS and EVs may end up increasing the number of users by 50% by the end of the decade from the current 10-15 years.

Moreover, the R&D (Research and Development) of Tata Motors is also working on the creation and introduction of advanced technology by the Financial Year 2026, incorporating them into around ten new EV models. The company is also planning to launch the Range Rover Electric in the Premium Pure Electric segment by the end of the decade to register its name in the history pages.

This sustainable growth of the company also contributes to the growth of stock prices. Since the start of 2024, the stock price of Tata Motors has climbed up to 21.2% due to the focused growth in the EV segment and sustainable future plans.

Tata Motors,  with an aim to expand in the EV sector, is extensively focusing on creating the charging infrastructure to transform the Indian automobile industry by 2030 in collaboration with charge point operators and oil marketing companies. They have recently signed MOUs of 17,000 public charges for introducing and establishing EV Plants based upon pure EV architecture.

As per the growth perspective, Tata Motors is progressing well. Now, let’s have a look at how this EV segment is impacting their stock prices.

The Impact of Tata Motors EV Range on its Stock Price

Tata Motors’ aggressive and sustainable push towards development in the EV segment is significantly driving the company’s stock prices on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

In February 2024, the company saw an 8% surge due to the EV success and JLR recovery.  In the last one year, Tata Motors share price has increased by around 75%. At present, it is trading at around Rs, 1110+ on Sensex Today.

Tata is already a foundational brand with a consistently increasing market share and revenue growth. The company’s current efforts towards the rising EV segment have enhanced its brand image, which directly boosts investors’ confidence. The company’s future plans have even boosted it.

Moreover, the Indian government is also supporting the EU initiatives to support “Make in India.” This is also one of the significant reasons for the company’s stock prices.

Investing in Tata Motors can be attractive, considering the company’s growth.

Conclusion

Tata Motors is a leader in the automobile industry and is also paving the way for India’s EV future. Considering the measures taken by the company and its future prospects, its share price would be impacted positively in the long run.

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