Tata Motors Ltd., one of India’s most prominent automobile manufacturers, has completed a long-anticipated restructuring move. The company has officially demerged into two standalone entities — Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Motors Commercial Vehicles Ltd. (TMLCV) — effective October 1, 2025.
This demerger marks a major milestone in Tata Motors’ journey to streamline operations and strengthen focus on its growing business segments passenger vehicles (including electric vehicles and Jaguar Land Rover) and commercial vehicles.
Record Date and Share Allotment Details
The record date for determining shareholder eligibility for the new shares was October 14, 2025. According to the company, shareholders who held Tata Motors shares on or before the record date received an equal number (1:1 ratio) of shares in Tata Motors Commercial Vehicles Ltd.
Tata Motors announced that 3,68,23,31,373 fully paid equity shares of ₹2 each were allotted to shareholders under the approved demerger scheme. The pre-scheme capital of 5,00,000 shares held by Tata Motors was also cancelled as part of the restructuring.
TMLCV Shares Yet to Begin Trading
Despite the allotment, several investors have reported being unable to view or trade their TMLCV shares on major trading platforms. This delay is due to the pending stock listing and regulatory approvals.
In its official filing dated October 9, Tata Motors clarified: “During the period from the date of allotment of shares by TMLCV up to the date of listing on BSE & NSE, the shares shall not be available for trading.”
The company further explained that the listing and trading approval process typically takes 45–60 days from the application filing date.
Expected Listing Date: Late November 2025
Until approvals from the BSE and NSE are finalized, the TMLCV shares will remain visible in shareholders’ demat accounts but will be non-tradable. Once the exchanges grant permission, trading in TMLCV shares is expected to commence by late November 2025, with investors being formally notified.
Tata Motors’ Future Direction
Following the restructuring, Tata Motors Passenger Vehicles Ltd. (TMPV) will continue to handle the passenger vehicles, EVs, and Jaguar Land Rover (JLR) divisions.
The demerger aims to enable both companies to operate with greater strategic autonomy, improve financial efficiency, and unlock shareholder value positioning Tata Motors for sustained growth in both domestic and global markets.
