Tata Motors Demerger: TMCV shares listing date announced. Check details here

By Admin

11 Nov, 2025

Tata Motors’ much-awaited demerger has now taken full effect, marking a major milestone in the company’s restructuring journey. The demerger, which officially took effect from October 1, has resulted in the formation of two independent listed entities   Tata Motors Commercial Vehicles Ltd (TMCV) and Tata Motors Passenger Vehicles Ltd (TMPV).

Share Entitlement and Record Date

As per the approved demerger plan, investors received one share in the Tata Motors Commercial Vehicles business for every Tata Motors share held as of the record date, October 14. This 1:1 entitlement ratio ensures that existing shareholders maintain equal participation in both arms of the business.

Listing Date and Trading Details

According to a BSE notice, Tata Motors Commercial Vehicles shares (TMCVL) will be listed on both BSE and NSE on November 12. The stock will trade under the ‘T’ Group of Securities, with over 368 crore equity shares of face value ₹2 each being admitted to trading. For the first 10 sessions, the stock will remain in the trade-for-trade segment to ensure smooth price discovery.

Structure After Demerger

Post demerger, Tata Motors Commercial Vehicles Ltd has been renamed as Tata Motors and will focus exclusively on the commercial vehicles (CV) business, including trucks, buses, and logistics solutions. Meanwhile, Tata Motors Passenger Vehicles Ltd (TMPV) will handle the passenger vehicles, electric vehicles (EVs), and Jaguar Land Rover (JLR) businesses.

TMPV has already started trading independently from October 14, and post the adjustment, the passenger vehicles arm was valued around ₹400 per share, while the commercial vehicles division was estimated at ₹260–₹270 per share, based on the pre-demerger closing price of ₹660.75.

Analyst Expectations and Market Outlook

Market analysts remain optimistic about TMCV’s growth potential. According to SBI Securities, TMCV shares are expected to list between ₹320 and ₹470, reflecting positive sentiment for the domestic CV segment. The brokerage noted that the commercial vehicle industry could start recovering in the second half of FY26, supported by factors such as:

• Reduction of GST rate on CVs from 28% to 18%,
  
  

• Replacement demand from fleet operators,
  
  

• Growth in infrastructure, construction, and logistics sectors, and
  
  

• The integration of Iveco Group NV, expected by FY27, which would provide exposure to the global CV market cycle.
  
  

Current Market Snapshot

As of Monday, Tata Motors Passenger Vehicle shares closed 1.22% higher at ₹410.60 apiece on the BSE, reflecting investor confidence in the company’s restructuring strategy.

Investor Advisory

Disclaimer: The information above includes analyst projections and opinions sourced from market reports. Investors are advised to consult certified financial experts before making any investment decisions.