Tata Motors Renamed as Tata Motors Passenger Vehicles After Demerger; CV Unit Listing Soon
After decades as one of India’s most iconic automotive brands, Tata Motors has now been rebranded as Tata Motors Passenger Vehicles (TMPV). The change became effective following the demerger of its commercial vehicle division earlier this month. On stock exchanges, the company’s new scrip ID is now listed as ‘TMPV’, signaling a strategic shift toward a sharper passenger vehicle focus.
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Demerger Timeline and Record Date
The demerger process formally took effect on October 1, 2025, with October 14 set as the record date to determine eligible shareholders. Investors who held Tata Motors shares as of that date will receive one share of the new TMLCV for every one share of Tata Motors they own. The shares of TML Commercial Vehicles Ltd are expected to start trading in November on both the BSE and NSE.
Reason Behind the Split
Tata Motors’ board had approved this 1:1 demerger back in August 2024, aiming to create two independent, focused entities — one for passenger vehicles (TMPV) and another for commercial vehicles (TMLCV). The restructuring is designed to sharpen business focus, enable better capital allocation, and enhance growth opportunities in each segment.
Stock Market Reaction
Following its rebranding, Tata Motors Passenger Vehicles shares opened at ₹400 on October 14 during a special price-discovery session and were last seen trading at ₹406.25, up nearly 2% since the adjustment. Analysts believe the demerger will help investors assess each business’s true value and unlock long-term shareholder returns.
What’s Next for Tata Motors
With this transition, TMPV will continue to strengthen its passenger vehicle portfolio, including EVs under the Tata.ev brand, while TMLCV will focus on innovations in commercial mobility. Both companies are expected to maintain strategic synergies while operating independently in their respective markets.
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