# Tata Motors shares split as CV unit gains, PV arm tumbles 2026-08-14T04:58:38+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Tata Motors shares presented a split picture on Friday. The commercial vehicles arm rose 6% after brokerages upgraded it on a brighter outlook. Nomura raised its target to Rs 554 on healthy double-digit growth, while Emkay set a Rs 700 target citing EV momentum and price hikes. The passenger vehicles arm, however, fell 5% after reporting an 80% plunge in net profit to Rs 775 crore for the June quarter. Revenue rose 9% to Rs 95,799 crore. Citi and Motilal Oswal reiterated 'Sell' ratings on the passenger vehicle stock, flagging severe cost headwinds and margin pressure. Brokerages remain divided. For the CV business, CLSA and JPMorgan also raised targets. For the PV stock, Morgan Stanley maintained 'Equal-Weight' at Rs 367, while Nomura kept 'Neutral' at Rs 389. Jaguar Land Rover's profit slumped 73% to £66 million in the June quarter, hit by a supplier fire, Middle East tensions, and a planned Jaguar wind-down. The Economic Times reports that JLR's free cash flow breakeven and new EV launches are now key watchpoints. ## Coverage - businesstoday.in - economictimes.indiatimes.com Tags: brokerages, commercial vehicles, electric vehicles, stock market, target price, Tata Motors Canonical: https://indianopinion.org/tata-motors-shares-jump-6-as-brokerages-raise-targets/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/tata-motors-shares-jump-6-as-brokerages-raise-targets/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.