Tata Motors share price declined. (Photo: Wikimedia Commons) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Motors share price declined 0.33% on Friday at intraday after JPMorgan reduced the target price for the scrip from Rs 700 to Rs 385. The brokerage has a cautious view on JLR which drives a Neutral rating on the stock JPMorgan said.

It further added that, "our cautious view on JLR is driven by uncertainty around the ultimate impact of US tariffs and China luxury tax in FY27, and launch timeline and competitive positioning of its models beyond the top 3".

The brokerage also added that, the India PV business should benefit from improved market growth and model launches, but margin improvement is key to drive a re-rating.

“Our new price target is Rs 385 per shar

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