New Delhi, April 16 -- Domestic brokerage firm Emkay Global has reiterated its 'Buy' rating on Tata Motors, despite the company's recent share price crash and mounting macroeconomic headwinds. While the brokerage has cut its target price by 16 percent to Rs.800 apiece, the new target still suggests a potential upside of 34 percent from current levels.

Tata Motors' shares have plummeted nearly 27 percent in the past three months, dragged down by a broader global market correction, with about 17 percent of the fall coming after the United States imposed a 25 percent tariff on automobile imports. The impact of this decision is significant, especially considering Tata Motors' UK-based subsidiary Jaguar Land Rover (JLR), which derives roughly...