‘Commercial business name is…’: Tata Motors issues clarification on CV unit

Tata Motors on Wednesday, November 12, clarified that the legal name of its commercial business division continues to be Tata Motors Limited. The company said the statement was made to remove any ambiguity around the identity of its commercial vehicle operations.

Tata Motors reaffirmed that all legal, financial and operational activities related to the commercial business are under Tata Motors Limited. The clarification comes a day after its newly demerged commercial vehicle arm, Tata Motors Commercial Vehicles Ltd (TMCVL), made its stock market debut.

Tata Motors Commercial Vehicles makes strong stock market debut at Rs 330.25

TMCVL shares opened at Rs 330.25 apiece on both the BSE and NSE on November 12, well above the indicative price of Rs 302.90 and considerably higher than the pre-demerged valuation estimate of Rs 260–Rs 270 per share. The stock held steady through early trading hours, reflecting strong investor confidence in the company’s standalone commercial vehicle operations.

With this listing, Tata Motors has formally completed the separation of its passenger and commercial vehicle businesses into two independent listed entities. The move is part of a long-term strategy to enhance operational agility and unlock value for shareholders.

According to exchange data, TMCVL trades under the ticker symbol TMCVL in the T group of securities. It will remain in the trade-for-trade segment for the first ten sessions to ensure an orderly price discovery process. Following its debut, TMCVL’s market capitalisation stood at Rs 1,23,873.63 crore, underscoring robust investor interest in India’s largest commercial vehicle maker.

The demerger of Tata Motors officially came into effect on October 1, 2025, with October 14 as the record date. As part of the arrangement, over 368 crore equity shares with a face value of Rs 2 each were allotted to shareholders of Tata Motors.

The restructuring created two independently listed entities — one focusing on passenger vehicles and electric mobility, and the other on commercial vehicles. The company said the move will bring strategic clarity, operational flexibility and greater investor focus to each business, allowing them to pursue tailored growth strategies.

Ahead of the listing, the commercial vehicle arm was expected to list between Rs 260 and Rs 270 per share based on the pre-merger closing price of Rs 660.75. The actual listing at Rs 330.25 and the indicative price of Rs 302.90 highlighted positive market sentiment towards Tata Motors’ commercial vehicle business.

Meanwhile, Tata Motors Passenger Vehicles Ltd (TMPV), which includes the company’s electric mobility division, began trading as a separate entity on October 14. TMPV shares opened around Rs 400 after adjustment and have remained steady, recently trading near Rs 411 per share.