Tata Motors shares continued their downward trajectory on Thursday, extending losses for the fifth consecutive session. The stock touched ₹669 apiece on the BSE, marking a 6.9% decline over five sessions.
The dip comes as investors await the company’s upcoming demerger record date, set to determine the eligible holders of non-convertible debentures (NCDs) and share entitlements. The corporate action has put the spotlight on Tata Motors’ commercial and passenger vehicle businesses.
Market Performance: Tata Motors Share Price Trends
- Current price (as of Thursday): ₹669 on BSE
- Five-session loss: 6.9%
- One-month decline: 6%
- Six-month rally: 15%
- Year-to-date (YTD) decline: 10%
- One-year decline: 28%
- Two-year gain: 9%
- Five-year returns: 385%
The stock’s recent movement reflects cautious sentiment ahead of significant corporate restructuring.
Tata Motors Demerger: Key Details
Tata Motors’ demerger became effective on October 1, 2025, following the approved scheme of arrangement. The plan separates the company’s business verticals:
- Commercial Vehicles (CV) Business: Merged into TML Commercial Vehicles Limited (TMLCV)
- Passenger Vehicles (PV) Business: Continues under the existing entity, renamed Tata Motors Passenger Vehicles Limited
The demerger record date is fixed for October 14, 2025, to identify shareholders eligible for corporate action benefits.
Share Entitlement Ratio:
- 1:1 ratio
- Shareholders receive one fully paid-up share of ₹2 in TMLCV for every share held in Tata Motors
Transfer of NCDs:
- Tata Motors will transfer ₹2,300 crore worth of non-convertible debentures to the newly formed CV entity
- The record date for NCD transfer is October 10, 2025
JLR Sales Performance
Tata Motors’ UK-based subsidiary, Jaguar Land Rover (JLR), reported a notable slowdown in Q2 FY26 sales.
- Wholesales: 66,165 units, down 24.2% YoY
- Retail sales: 85,495 units, down 17.1% YoY
The decline was influenced by:
- A cyber incident affecting operations
- Planned wind-down of legacy Jaguar models ahead of new launches
- Incremental US tariffs impacting exports
The mix of high-margin models remained strong:
- Range Rover, Range Rover Sport, Defender: 76.7% of total wholesale volumes in Q2 FY26
- Prior quarter: 77.2%
- Year-on-year: 67%
This reflects JLR’s focus on profitability and core models, despite overall volume declines.
Tata Motors Share Price Performance
Tata Motors shares have shown volatility over different periods:
- Key resistance zone: ₹735
- Support levels: ₹640 – ₹608
- Short-term trading: Below 10-day and 20-day EMAs, indicating mild weakness
- Volume trend: Close to 50-day average, showing steady trading
Despite the recent decline, Tata Motors has delivered significant long-term gains, highlighting the stock’s resilience over five years.
Summary
Tata Motors share price has been under pressure ahead of its demerger record date and corporate restructuring. With the demerger effective from October 1, 2025, and NCD transfer on October 10, investors are closely watching the stock.
The company’s JLR segment faced headwinds in Q2 FY26 due to operational and external factors, but high-margin models continue to dominate sales.
Investors and market watchers will keep an eye on Tata Motors’ share movement as the record date for shareholder eligibility approaches on October 14, 2025.
