Tata Motors Stock Falls 5% as UBS Predicts 20% Downside Amid EV Discounts

Stock Movement

Shares of Tata Motors fell 5%, trading at Rs 988.45 on NSE.

UBS 'Sell' Call

UBS Securities maintains 'sell' call, targets Rs 825, predicting a 20% drop.

Concerns Over Jaguar Land Rover

UBS cites margin slippage at Jaguar Land Rover as a risk factor.

EV Price Cuts

Tata Motors slashes EV prices in ‘Festival of Cars’ campaign, valid until Oct 31.

Free Charging Incentive

Customers get six months of free charging at 5,500 Tata Power stations nationwide.

ICE Vehicle Discounts

Tata Motors offers up to Rs 2.05 lakh discounts on ICE vehicles in the same campaign.