Restructuring creates two independent listed entities for CV and PV businesses
Tata Motors has officially rebranded itself as Tata Motors Passenger Vehicles (TMPV) following the demerger of its Commercial Vehicle (CV) division earlier this month. The company’s new trading symbol on the stock exchanges is now listed as ‘TMPV’, marking a significant milestone in Tata Motors’ ongoing corporate restructuring.
The strategic move is part of a broader plan to separate Tata Motors’ CV and Passenger Vehicle (PV) operations into two distinct, independently listed companies. As per the approved scheme of arrangement, the CV business will continue under the Tata Motors name, while the Passenger Vehicle, Electric Vehicle (EV), and Jaguar Land Rover (JLR) divisions will now function under the Tata Motors Passenger Vehicles umbrella.
The demerger became effective on October 1, 2025, allowing shareholders to receive one share of the new CV company for every share held in Tata Motors. The company set October 14 as the record date to determine eligible shareholders for the allotment.
Shares of the newly demerged CV business are expected to be listed on the BSE and NSE in the coming months, completing one of India’s most significant automotive restructurings.
With this move, Tata Motors aims to enhance operational focus, improve agility across business segments, and strengthen its leadership in both the commercial and passenger vehicle markets.
