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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:RemarksForWebsiteDissemination contextRef="MainI">As the participation of the Company’s management in the aforesaid investor conference was confirmed at a shorter notice, the Company has filed intimation post confirmation of participation.</in-capmkt:RemarksForWebsiteDissemination><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">2026-11-16</in-capmkt:DateOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:TimeOfCommencementOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">11:00:00</in-capmkt:TimeOfCommencementOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:NameOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">CLSA - 29th India Forum 2026</in-capmkt:NameOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:PlaceOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">Trident Nariman Point Mumbai</in-capmkt:PlaceOfMeetingOrCallOrConferenceOrEventForIntimation><in-capmkt:NameOfTheFundOrCompanyOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">360 One Asset Management 3PIM Group Abakkus Asset Manager Private Bajaj Life Insurance  Edelweiss AM Ellipsis Partners IKIGAI Emerging Equity Fund Birla Sun Life Insurance Groww Mutual Fund Karma Capital Advisors Private  Motilal Oswal Asset  PGIM India AMA Tara Emerging Asia Tata Mutual Fund Axis Group Bandhan Mutual Fund JM Financial Consult Karma Capital Advisors Private Reliance Nippon Life Tara Emerging Asia Vision Point Asset Management</in-capmkt:NameOfTheFundOrCompanyOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:NameOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">360 One Asset Management, Nishant Vass, Fund Manager, Simran Suryawanshi, Analyst. 3PIM GROUP, Himanshu Agarwal, Analyst. Abakkus Asset Manager Private, Sanjay Doshi, Head Investments - Mutual Fund. Bajaj Life Insurance, Pravin Yeolekar, Analyst. Edelweiss AM, Mehul Dalmia, Fund Manager. Ellipsis Partners, Akhil Dhawan, Chief Investment Officer. IKIGAI Emerging Equity Fund, Shruti Mulchandani, Associate. Birla Sun Life Insurance, Sameer Mistry, Head Equity. Groww Mutual Fund, Hitesh Das, Fund Manager. Karma Capital Advisors Private, Vinay Jain, Fund Manager &amp; Head – Research. Motilal Oswal Asset, Aadesh Mehta, Analyst. PGIM India AM, Akhil Dhar, Fund Manager and Credit Analyst. Tara Emerging Asia, Mahrukh Adajania, Fund Manager. Tata Mutual Fund, Suraj Nanda, Fund Manager. Axis Group, Vaibhav Mehta, Analyst. Bandhan Mutual Fund, Suraj Chheda, VP. JM Financial Consult, Deepak Gupta, Senior Fund Manager and Head of Research. Karma Capital Advisors Private, Zubin Pruseth, Analyst. Reliance Nippon Life, Nishant Chowhan, Equity analyst. Tara Emerging Asia, Aditya Gupta, Senior VP. Vision Point Asset Management, Kuvam Chugh, Fund Manager</in-capmkt:NameOfAnalystOrInstitutionalInvestorWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:DesignationOfPersonWithWhomTheMeetingIsScheduledForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">360 One Asset Management, Nishant Vass, Fund Manager, Simran Suryawanshi, Analyst. 3PIM GROUP, Himanshu Agarwal, Analyst. Abakkus Asset Manager Private, Sanjay Doshi, Head Investments - Mutual Fund. Bajaj Life Insurance, Pravin Yeolekar, Analyst. Edelweiss AM, Mehul Dalmia, Fund Manager. Ellipsis Partners, Akhil Dhawan, Chief Investment Officer. IKIGAI Emerging Equity Fund, Shruti Mulchandani, Associate. Birla Sun Life Insurance, Sameer Mistry, Head Equity. Groww Mutual Fund, Hitesh Das, Fund Manager. Karma Capital Advisors Private, Vinay Jain, Fund Manager &amp; Head – Research. Motilal Oswal Asset, Aadesh Mehta, Analyst. PGIM India AM, Akhil Dhar, Fund Manager and Credit Analyst. Tara Emerging Asia, Mahrukh Adajania, Fund Manager. Tata Mutual Fund, Suraj Nanda, Fund Manager. Axis Group, Vaibhav Mehta, Analyst. Bandhan Mutual Fund, Suraj Chheda, VP. JM Financial Consult, Deepak Gupta, Senior Fund Manager and Head of Research. Karma Capital Advisors Private, Zubin Pruseth, Analyst. Reliance Nippon Life, Nishant Chowhan, Equity analyst. Tara Emerging Asia, Aditya Gupta, Senior VP. Vision Point Asset Management, Kuvam Chugh, Fund Manager</in-capmkt:DesignationOfPersonWithWhomTheMeetingIsScheduledForIntimation><in-capmkt:NameOfHostOfMeetingOrCallOrConferenceOrEventForIntimation contextRef="I_IntimationOrScheduleOfAnalystsOrInstitutionalInvestorsMeeting1">CLSA</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>
