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<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2026-03-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Schedule_Of_Analysts_Or_Institutional_Investors_Meeting/2026-03-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/Schedule_Of_Analysts_Or_Institutional_Investors_Meeting/2026-03-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2026-03-31/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2026-03-31.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">544569</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-29</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">544569</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-29</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeetingAxis"><in-capmkt:IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeetingDomain>IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeetingDomain1</in-capmkt:IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeetingDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">TMCV</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">TATA MOTORS LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">544569</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE1TAE01010</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:PurposeOfDisclosure contextRef="MainI">Schedule of Analysts or Institutional Investors Meet</in-capmkt:PurposeOfDisclosure><in-capmkt:StageOfMeetingOrCallOrConferenceOrEvent contextRef="MainI">Intimation</in-capmkt:StageOfMeetingOrCallOrConferenceOrEvent><in-capmkt:DateOfReport contextRef="MainI">2026-08-29</in-capmkt:DateOfReport><in-capmkt:TypeOfMeetingForWhichIntimationIsGiven contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Institutional Investor Meet</in-capmkt:TypeOfMeetingForWhichIntimationIsGiven><in-capmkt:DateOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">2026-09-02</in-capmkt:DateOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:TimeOfCommencementOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">11:00:00</in-capmkt:TimeOfCommencementOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:NameOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">ASHWAMEDH – ELARA INDIA DIALOGUE 2026</in-capmkt:NameOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:PlaceOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Mumbai</in-capmkt:PlaceOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:NameOfTheFundOrCompanyOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Alfaccurate Advisors
Ambit AMC
Ashika Group
ASK Hedge Solutions
Bandhan AMC
Bandhan Life
Baroda BNP Paribas Mutual Fund
BOI Axa Mutual Fund
Canara Robeco Mutual Fund
Electrum Portfolio Managers
Fort Capital
Goldman Sachs
Groww Mutual Fund
ICICI Prudential  Mutual Fund
IIFL Capital Services
Incred AMC
IThought Capital
ITI Mutual Fund
JM Financial Mutual Fund
LIC Mutual Fund
Motilal Oswal AMC
Nippon India Mutual Fund
Old Bridge Capital Management
PINPOINT Group
Premji Investments
Quest Investment Advisors
Reliance General Insurance
SBI Pension
Shriram Life Insurance
Sohum Asset Managers
Subhkam
Tara Funds
</in-capmkt:NameOfTheFundOrCompanyOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:NameOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Alfaccurate Advisors
Hitesh Thakurani - Research Analyst Automobile
Ancillaries

Ambit AMC
Lovelesh Manocha -
Shubham Bhatra - Analyst

Ashika Group
Akshaj Shah - Equity Research Analyst

ASK Hedge Solutions
Mihir Jhaveri - Analyst

Bandhan AMC
Ritika Behera - Fund Manager/Research Analyst
Riya Agarwal - Research Analyst
Suraj Chheda - Analyst

Bandhan Life
Keyur Shah

Baroda BNP Paribas Mutual Fund
Himanshu Singh - Research Analyst

BOI Axa Mutual Fund
Praveen Motwani - Analyst

Canara Robeco Mutual Fund
Aleeta Vaz - Credit Analyst - Fixed Income
Jaiprakash Toshniwal - FM

Electrum Portfolio Managers
Khush Nahar - Analyst

Fort Capital
Parag Thakkar - CIO

Goldman Sachs
Rahul Ranade - Analyst


Groww Mutual Fund
Shivam Agarwal - Analyst

ICICI Prudential  Mutual Fund
Sharmila D'mello - Fund Manager and Investment Analyst

IIFL Capital Services
Vineet Bothra - Analyst

Incred AMC
Preet Pitani - Research Analyst

IThought Capital
Nikhil Rao - Research Analyst

ITI Mutual Fund
Rohan Gandhi - Research Analyst

JM Financial Mutual Fund
Akhand Singh - Senior Analyst

LIC Mutual Fund
Agnel Peter - Analyst

Motilal Oswal AMC
Aadesh Mehta - Assistant Fund Manager

Nippon India Mutual Fund
Prashasti Singh - Associate

Old Bridge Capital Management
Aditya Kumar - Analyst

PINPOINT Group
Rajvaibhav Yadav - Analyst

Premji Investments
Vibhu Gupta - Research analyst

Quest Investment Advisors
Sakshi Shah - Equity Research Associate

Reliance General Insurance
Saurabh Kachhawa - Research Analyst

SBI Pension
Abhinav Ganeshan - Equity Analyst

Shriram Life Insurance
Aashumi Dani - Analyst

Sohum Asset Managers
Aditya Vora - Analyst

Subhkam
Nehal Mehta - Research Associate
Vijay Sarthy - Analyst

Tara Funds
Aviral Jain - Analyst

</in-capmkt:NameOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:DesignationOfPersonWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Alfaccurate Advisors
Hitesh Thakurani - Research Analyst Automobile
Ancillaries

Ambit AMC
Lovelesh Manocha -
Shubham Bhatra - Analyst

Ashika Group
Akshaj Shah - Equity Research Analyst

ASK Hedge Solutions
Mihir Jhaveri - Analyst

Bandhan AMC
Ritika Behera - Fund Manager/Research Analyst
Riya Agarwal - Research Analyst
Suraj Chheda - Analyst

Bandhan Life
Keyur Shah

Baroda BNP Paribas Mutual Fund
Himanshu Singh - Research Analyst

BOI Axa Mutual Fund
Praveen Motwani - Analyst

Canara Robeco Mutual Fund
Aleeta Vaz - Credit Analyst - Fixed Income
Jaiprakash Toshniwal - FM

Electrum Portfolio Managers
Khush Nahar - Analyst

Fort Capital
Parag Thakkar - CIO

Goldman Sachs
Rahul Ranade - Analyst


Groww Mutual Fund
Shivam Agarwal - Analyst

ICICI Prudential  Mutual Fund
Sharmila D'mello - Fund Manager and Investment Analyst

IIFL Capital Services
Vineet Bothra - Analyst

Incred AMC
Preet Pitani - Research Analyst

IThought Capital
Nikhil Rao - Research Analyst

ITI Mutual Fund
Rohan Gandhi - Research Analyst

JM Financial Mutual Fund
Akhand Singh - Senior Analyst

LIC Mutual Fund
Agnel Peter - Analyst

Motilal Oswal AMC
Aadesh Mehta - Assistant Fund Manager

Nippon India Mutual Fund
Prashasti Singh - Associate

Old Bridge Capital Management
Aditya Kumar - Analyst

PINPOINT Group
Rajvaibhav Yadav - Analyst

Premji Investments
Vibhu Gupta - Research analyst

Quest Investment Advisors
Sakshi Shah - Equity Research Associate

Reliance General Insurance
Saurabh Kachhawa - Research Analyst

SBI Pension
Abhinav Ganeshan - Equity Analyst

Shriram Life Insurance
Aashumi Dani - Analyst

Sohum Asset Managers
Aditya Vora - Analyst

Subhkam
Nehal Mehta - Research Associate
Vijay Sarthy - Analyst

Tara Funds
Aviral Jain - Analyst
</in-capmkt:DesignationOfPersonWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:NameOfHostOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Elara Capital</in-capmkt:NameOfHostOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:TypeOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Group Meeting</in-capmkt:TypeOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:ModeOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">In-person/Physical</in-capmkt:ModeOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:AgendaOrReasonForMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">To discuss the performance of the Company and address investor queries.</in-capmkt:AgendaOrReasonForMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:WeblinkOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Not Applicable</in-capmkt:WeblinkOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:NameOfContactPersonForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Ms Sneha Gavankar</in-capmkt:NameOfContactPersonForIntimation><in-capmkt:ContactDetailsOfContactPersonForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">2266658282</in-capmkt:ContactDetailsOfContactPersonForIntimation><in-capmkt:EmailIDOfContactPersonForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">ir_tml@tatamotors.com</in-capmkt:EmailIDOfContactPersonForIntimation><in-capmkt:WhetherIntimationOfMeetingIncludesPresentation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">false</in-capmkt:WhetherIntimationOfMeetingIncludesPresentation></xbrli:xbrl>
