Tata Motors Demerger: Two New Independent Companies
Tata Motors successfully completed its long-awaited restructuring on October 1, 2025. The company has been officially split into two separate entities:
- Tata Motors Passenger Vehicles Ltd. (TMPV) – focusing on passenger cars, EVs, and Jaguar Land Rover (JLR).
- Tata Motors Commercial Vehicles Ltd. (TMLCV) – focusing on trucks, buses, and commercial mobility solutions.
Share Allotment Details
Investors who held Tata Motors shares on or before the record date of October 14, 2025 received shares of Tata Motors Commercial Vehicles Ltd. in a 1:1 ratio. For every one Tata Motors share held, investors got one fully paid TMLCV share.
On October 15, 2025, Tata Motors allotted 3,68,23,31,373 equity shares of face value Rs 2 each to eligible shareholders. As a result, TMLCV is no longer a wholly owned subsidiary.
Why TMLCV Shares Are Not Yet Tradable
Many investors have noticed that the newly allotted TMLCV shares are visible in their demat accounts but cannot yet be traded. This is because the company is still awaiting listing and trading approvals from BSE and NSE.
The approval process typically takes 45 to 60 days from the date of application. Based on this timeline, trading in Tata Motors Commercial Vehicles Ltd. shares is expected to begin by late November 2025.
What Happens Next
After approvals are received, TMLCV shares will be listed and freely tradable on both the BSE and NSE.
Tata Motors Limited will be renamed Tata Motors Passenger Vehicles Ltd. and will continue operating its passenger vehicle, electric, and JLR businesses.
Key Takeaways
- Tata Motors split into two standalone companies on Oct 1, 2025.
- Shareholders received TMLCV shares in a 1:1 ratio.
- New shares visible in demat accounts but not tradable yet.
- Trading approval expected from BSE/NSE by late November 2025.

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