Tata Motors Passenger Vehicles (PV) shares fell 1.5% in intraday trade on the BSE on Monday, November 24, despite broader market gains. The stock opened at ₹362.25 and touched a low of ₹356.65, trading around ₹357.20 by 11:25 am, while the Sensex was up 0.14% at 85,349.
As part of the upcoming Sensex reconstitution, Tata Motors PV is set to exit the index on December 22, 2025, with InterGlobe Aviation (IndiGo) replacing it. Following the recent demerger, Tata Motors PV now encompasses the company’s passenger vehicle, electric vehicle (EV), and Jaguar Land Rover (JLR) operations. Q2 results showed a 25-fold surge in consolidated net profit to ₹76,248 crore, driven by a one-time gain of ₹82,616 crore from the commercial vehicle demerger. Excluding this gain, the company reported a loss of ₹6,368 crore due to weak JLR volumes.
Analysts remain positive about long-term growth prospects. Tata Motors PV’s EV segment dominates India with a 70% market share, while JLR’s “Reimagine” strategy aims to strengthen its premium EV position. Technically, the stock appears oversold near ₹350–355, a historical support zone, with short-term rebound potential toward ₹385. Resistance is now seen at ₹376–387, with a decisive breakout above ₹400–410 needed for a sustained uptrend, while downside support lies near ₹320–325.