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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>2026-11-12</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>2026-11-12</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">2026-11-12</in-capmkt:DateOfReport><in-capmkt:TypeOfMeetingForWhichIntimationIsGiven contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Institutional Investor Meet</in-capmkt:TypeOfMeetingForWhichIntimationIsGiven><in-capmkt:DateOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">2026-11-17</in-capmkt:DateOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:TimeOfCommencementOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">10:00:00</in-capmkt:TimeOfCommencementOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:NameOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">JM Financial India Xchange 2026 17th Annual Investor Conference</in-capmkt:NameOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:PlaceOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Hotel Trident, BKC Mumbai</in-capmkt:PlaceOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:NameOfTheFundOrCompanyOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Bandhan Mutual Fund Bajaj Life Insurance Karma Capital Advisors Private Ltd Dymon Asia Capital Investment Adviser (India) Pvt. Ltd Renaissance Investments East Bridge Capital Management L.P Quest Investment Advisors Pvt. Ltd. Groww Mutual Fund ASK Alternate Investment Fund MAIQ Capital Bajaj Mutual Fund Mirabilis Investment Trust DT Investment Management IFSC LLP IIFL Capital AMC Aviva India JM Mutual Fund Tata Asset Management Limited Aditya Birla Sun Life Mutual Fund Canara HSBC Life Nuvo ChrysCapital Advisors Nippon India Mutual Fund Sundaram Mutual Fund ASK PMS Tara Funds Subhkam Ventures UTI Rohit Kothari Off Capri Group Family Office JM Financial Products Limited The Wealth Company Mutual Fund Bellwether Capital Valueattics Reinsurance Philip Capital</in-capmkt:NameOfTheFundOrCompanyOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:NameOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Bandhan Mutual Fund - Suraj Chheda - Vice President - Equity, Bajaj Life Insurance - Pravin Yeolekar - Senior Analyst , Shailesh Dhamankar - Fund Manager
Karma Capital Advisors Private Ltd - Thomas Priju - Fund Manager, Dymon Asia Capital Investment Adviser (India) Pvt. Ltd – Ajit Motwani - Portfolio Manager, Saksham Mongia - Analyst, Renaissance Investments - Pranav Vasa - Equity Research Analyst, East Bridge Capital Management L.P - Shazz Lalwani - Analyst
Quest Investment Advisors Pvt. Ltd. - Saurabh Patwa - Head of Equity, Groww Mutual Fund - Shivam Agarwal - Senior Analyst 
ASK Alternate Investment Fund - Mihir Jhaveri - Senior Vice President- Fund Management, MAIQ Capital - Madhur Chaturvedi
Bajaj Mutual Fund - Sayan Das Sharma - Associate FM, Mirabilis Investment Trust - Sanjay Pranesh - Senior Analyst
DT Investment Management IFSC LLP - Sanjay Bhat – Senior Analyst, IIFL Capital AMC - Vineet Bothra - Research Analyst
Aviva India - Akshay Karwa - Assistant Vice President, JM Mutual Fund - Deepak Gupta - Fund Manager, Tata Asset Management Limited - Jeetendra Khatri – Research Analyst/ AFM, Aditya Birla Sun Life Mutual Fund - Sachin Wankhede, Canara HSBC Life - Umakant Kumarsharma - Analyst, Nuvo ChrysCapital Advisors - Nitish Rege - Research Analyst
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JM Financial Products Limited - Ashutosh Nemani – Management Senior Analyst, The Wealth Company Mutual Fund - Basanth Patil – Research Analyst
Bellwether Capital - Aarav Khilnani, Valueattics Reinsurance - Sourav Rathor - Dealer Valueattics, Philip Capital - Mahima Gidwani</in-capmkt:NameOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:DesignationOfPersonWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Bandhan Mutual Fund - Suraj Chheda - Vice President - Equity, Bajaj Life Insurance - Pravin Yeolekar - Senior Analyst , Shailesh Dhamankar - Fund Manager
Karma Capital Advisors Private Ltd - Thomas Priju - Fund Manager, Dymon Asia Capital Investment Adviser (India) Pvt. Ltd – Ajit Motwani - Portfolio Manager, Saksham Mongia - Analyst, Renaissance Investments - Pranav Vasa - Equity Research Analyst, East Bridge Capital Management L.P - Shazz Lalwani - Analyst
Quest Investment Advisors Pvt. Ltd. - Saurabh Patwa - Head of Equity, Groww Mutual Fund - Shivam Agarwal - Senior Analyst 
ASK Alternate Investment Fund - Mihir Jhaveri - Senior Vice President- Fund Management, MAIQ Capital - Madhur Chaturvedi
Bajaj Mutual Fund - Sayan Das Sharma - Associate FM, Mirabilis Investment Trust - Sanjay Pranesh - Senior Analyst
DT Investment Management IFSC LLP - Sanjay Bhat – Senior Analyst, IIFL Capital AMC - Vineet Bothra - Research Analyst
Aviva India - Akshay Karwa - Assistant Vice President, JM Mutual Fund - Deepak Gupta - Fund Manager, Tata Asset Management Limited - Jeetendra Khatri – Research Analyst/ AFM, Aditya Birla Sun Life Mutual Fund - Sachin Wankhede, Canara HSBC Life - Umakant Kumarsharma - Analyst, Nuvo ChrysCapital Advisors - Nitish Rege - Research Analyst
Nippon India Mutual Fund - Shirish Guthe – Analyst , Vivek Doshi - Equity Research Analyst, Sundaram Mutual Fund - Anuj Bansal - Head-Research, ASK PMS - Vidrum Mehta - Assistant Vice President, Tara Funds - Parth Shah, Subhkam Ventures - Vijay Sarthy - VP Research, Nehal Mehta - Equity Analyst, UTI - NPS Trustee - Pooja Jain - Fund Manager, Hitesh Bhargava Konakalla - Assistant Fund, Manager &amp; Equity Analyst, Rohit Kothari Off - SANKET BAHETI - Analyst, Capri Group Family Office - Kanan Sonpal - Senior executive
JM Financial Products Limited - Ashutosh Nemani – Management Senior Analyst, The Wealth Company Mutual Fund - Basanth Patil – Research Analyst
Bellwether Capital - Aarav Khilnani, Valueattics Reinsurance - Sourav Rathor - Dealer Valueattics, Philip Capital - Mahima Gidwani</in-capmkt:DesignationOfPersonWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:NameOfHostOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">JM Financial</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>
