Tata Motors demerger: Commercial vehicles arm to list on bourses on November 12: here is how PV shares are faring

It must be noted that Tata Motors has separated its business into different entities: passenger vehicles and commercial vehicles, and the two businesses were planned to list as two separate entities on stock exchanges.

As per the demerger, the Mumbai-based auto major's commercial vehicles business and its related investments would be housed in one entity, while the passenger vehicles business, including PV (Passenger Vehicle), EV (Electric Vehicle), JLR (Jaguar Land Rover), and its related investments, will be part of the other firm.

Tata Motors Commercial Vehicles Ltd (TMLCV) will list on both the BSE and NSE.

Tata Motors' passenger vehicles arm has already started trading as a separate entity from October 14, which represents an important turn in the company's restructuring process.

A special trading session in October 2025 revealed the stock price of the passenger vehicle segment. The entity's name is Tata Motors Passenger Vehicle (TMPV). The company had announced its intention to list the commercial arm in November 2025.

In the early trade on Tuesday, TMPV shares were trading nearly 2% lower at ₹402.85 apiece on the NSE.

The BSE notice on November 10, 2025, said, "Further, in terms of SEBI circular No. CIR/MRD/DP/02/2012 dated January 20, 2012, and SEBI/HO/MRD-TPD1/CIR/P/2023/55 dated April 11, 2023, the scrip will be in the Trade-for-Trade segment for 10 trading days."

The notice further said that the trading members are requested to note that the security will be a part of a special pre-open session for IPO and other categories of scrip's as per SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012, and SEBI/HO/MRD-TPD1/CIR/P/2023/55 dated April 11, 2023.

Tata Motors demerger, name change and everything else you need to know

In October 2025, Tata Motors Ltd said it had been renamed as Tata Motors Passenger Vehicles Limited. On Tuesday, October 14, the company conducted a special trading session to discover the price of the stock following the demerger of its CV business.

Tata Motors had fixed October 14, 2025, to determine the shareholders eligible to receive shares in its demerged commercial vehicle business.

In its filing, the company said, "We wish to inform you that the Ministry of Corporate Affairs (“MCA”) has issued a Fresh Certificate of Incorporation dated October 13, 2025, changing the name of the Company from “Tata Motors Limited” to “Tata Motors Passenger Vehicles Limited”.

It also said that the company was originally incorporated with the name Tata Locomotive And Engineering Company Limited.

The 1:1 demerger will create two focused entities — Tata Motors Commercial Vehicles (TMLCV) and Tata Motors Passenger Vehicles (TMPV).

"Subsequently, pursuant to the scheme, TMLCV shall take the necessary steps to change its name to Tata Motors Limited in due course," the filing added.

TMLCV refers to TML Commercial Vehicles Limited, it had said.

Demerger background

In early 2024, Tata Motors had said the demerger of its commercial and passenger vehicle segments into two separate listed entities would better capitalise on growth opportunities.

Tata Motors chairman N Chandrasekaran said that Tata Motors scripted a strong turnaround in the last few years. "The three automotive business units are now operating independently and delivering consistent performance," the chairman said.

"This demerger will help them better capitalise on the opportunities provided by the market by enhancing their focus and agility," Chandrasekaran added.