Tata Motors Ltd, the commercial vehicle business entity of the Mumbai-headquartered conglomerate officially made its debut at the stock exchanges on Wednesday. The company's shares were listed at ₹335 per share on the NSE, a premium of 28.5% to the discovered price of ₹260.75.
N Chandrasekaran, Chairman, Tata Motors Limited, Girish Wagh, MD & CEO, Tata Motors Limited, Prof Subhasis Chaudhuri, Chairman, BSE Limited and Sundararaman Ramamurthy, MD & CEO, BSE Limited, were present at the bell ringing ceremony, the company informed in an update.
The development became legally binding on October 1, 2025, following approvals from the National Company Law Tribunal (NCLT), Mumbai Bench, under Sections 230–232 of the Companies Act, 2013.
The demerger separates its Commercial Vehicle (CV) and Passenger Vehicle (PV) divisions into two distinct, publicly listed entities.
Two Separate Entities, Two Distinct Identities
The existing Tata Motors Limited (TML) has been renamed Tata Motors Passenger Vehicles Limited (TMPVL), housing the passenger vehicle business, including Tata’s EV operations and Jaguar Land Rover (JLR).
The demerged TML Commercial Vehicles Limited has been renamed Tata Motors Limited, as per the fresh Certificate of Incorporation issued by the Registrar of Companies (ROC) on October 29, 2025.