Anil Singhvi's wealth creation pick Tata Motors in demand on Dalal Street — what's driving the stock

Tata Motors share price: Tata Motors shares were in demand on Dalal Street on Wednesday, a day after the Tata group auto giant announced a hike in the prices of its commercial vehicles. The stock of Tata Motors — the parent of Jaguar Land Rover — rose by as much as Rs 6, or 1.4 per cent, to Rs 418.4 apiece on BSE. 

Tata Motors CV price hike

After market hours on Tuesday, the Tata group auto major announced a hike in commercial vehicle prices by up to five per cent starting April 1, 2023, in a bid to comply with the BS6 Phase II emission norms. 

Tata Motors said the price hike will be applied across its entire range of commercial vehicles, and that the exact amount will vary in individual models and variants. 

Tata Motors share price: Historical performance 

Tata Motors shares have risen 5.7 per cent so far in 2023, sharply outperforming headline index Nifty50's 5.8 per cent fall.

EDITOR'S TAKE | Anil Singhvi recommends Tata Motors as wealth creation pick 

Zee Business Managing Editor Anil Singhvi has a 'buy' call on Tata Motors with a perspective of 1-3 years. He has placed his targets as high as Rs 550 and Rs 700 for the Tata Motors stock. 

ALSO READ: Anil Singhvi says Tata Motors has vision, capacity to be India's Tesla

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