Tata Motors shares rose 0.50% to ₹389 on the National Stock Exchange as of 9:17 am on Wednesday, May 13, following the company's incorporation of a special purpose vehicle. According to reports from The Economic Times, the commercial vehicle manufacturer incorporated Teesta Renewable Energy Pvt Ltd (TREPL) as a special purpose vehicle. The company holds a 20% equity stake in the SPV, making TREPL an associate of Tata Motors.
As reported by The Economic Times, Welspun Renewable Energy Pvt Ltd serves as the holding company of TREPL, which has now become an associate of Tata Motors. The regulatory filing stated that TREPL is incorporated to carry out the business of power generation, including solar & wind power generation, and captive generation and sale of electrical energy. This strategic move expands Tata Motors' business portfolio beyond its core commercial vehicle operations.
According to The Economic Times, the stock's market capitalisation stands at ₹1,43,979.16 crore. The scrip has experienced recent volatility, declining 9.65% in the past week and 9.66% in a month. Year-to-date, it has fallen 9.22%. The stock recorded its 52-week high of ₹509 per share on February 27, 2026, while its 52-week low of ₹306.30 apiece was reached on November 14, 2025.
As reported by The Economic Times, a board meeting is scheduled for May 13 to consider and approve financial results for the fourth quarter of FY26 and recommend a dividend, if any. The announcement comes ahead of the company's Q4 results, which will provide insights into the company's performance in the December quarter of FY26.
According to The Economic Times, in the December quarter of FY26, Tata Motors had posted a standalone net profit of ₹561 crore, which was down 60.40% compared to ₹1,417 crore in the corresponding period of the previous fiscal year. However, the company's standalone revenue from operations surged 19.74% to ₹20,404 crore in Q3 FY26 as against ₹17,040 crore a year back. The upcoming Q4 results will reveal whether this revenue growth trend continued into the final quarter of FY26.
