CLSA Predicts 37% Surge for This Tata Group Share, Citing Favorable Conditions

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CLSA Bets on Tata Motors CV to Jump 37% as 'Stars Align'

Mr. Girish Wagh, MD & CEO, Tata Motors Ltd, along with Mr. Rajesh Kaul, Vice President and Business Head – Trucks, and Mr. Aniruddha Kulkarni, Head-Engineering, launch the all new ‘Azura’ range, the company’s latest offering in the ILMCV segment.

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CNBC TV18•27-02-2026, 09:10

CLSA Bets on Tata Motors CV to Jump 37% as 'Stars Align'

•CLSA initiates coverage on Tata Motors Commercial Vehicles Ltd. with an "outperform" rating and a price target of ₹673.
•The brokerage firm predicts a 37% upside, citing an upcycle in Commercial Vehicles for India and the EU.
•Tata Motors CV is expected to generate robust Free Cash Flow, making its balance sheet lean by FY28 despite the €3.8 billion Iveco acquisition.
•CLSA highlights meaningful scale and supply-chain synergies from the Tata Motors CV-Iveco combination and positive impact of EV adoption in LCVs.
•21 out of 24 analysts have a "buy" rating on the stock, with none recommending a "sell".

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