Tata Motors Shares Gain 2% After Price Hike in Commercial Vehicles; HSBC Upgrades Stock

Stock Movement: Tata Motors’ share price increased by 1.94% on Tuesday, trading at ₹674.75 per share.
Price Hike: The company announced a 2% price increase on commercial vehicles, effective April 1, 2025, to offset rising input costs.
Industry Trend: Maruti Suzuki also announced a 4% price hike starting April 2025 due to higher input costs and operational expenses.
HSBC Upgrade: HSBC upgraded Tata Motors to ‘Buy’ and adjusted its target price to ₹840 from ₹930 per share.
Jaguar Land Rover (JLR) Impact: HSBC sees improving margins at JLR, driven by reduced discounts and warranty costs, as a key factor for Tata Motors’ growth.
Market Outlook: Meeting Q4 targets at JLR could boost investor confidence and lead to a stock re-rating.