Archive · 27 Sep 2025
Tata Motors Demerger to Split Business Units
Tata Motors is splitting into two companies: one for commercial vehicles (like trucks) and one for passenger vehicles (cars).
This split aims to help each part of the business grow better.
Shareholders will get one share in the new commercial vehicle company for every Tata Motors share they own.
The demerger takes effect on October 1, 2025.
The commercial vehicle unit will be led by Girish Wagh, while Shailesh Chandra will head the passenger vehicle unit.
The exact date to determine who gets the new shares hasn't been set yet.
After the demerger, shares will be automatically transferred to the shareholder's account.
Tata Motors will split into two separate entities, effective October 1, 2025.
The commercial vehicle business will be managed by Girish Wagh.
The passenger vehicle business will be headed by Shailesh Chandra.
Shareholders will receive one share in the new CV company for each Tata Motors share held.
The record date to determine shareholder eligibility has not yet been announced.
- Who
- Tata Motors
- What
- Demerger of commercial and passenger vehicle businesses
- When
- Effective October 1, 2025
- Where
- India
- Why
- To allow each business to pursue its own strategy and unlock shareholder value
- Effective Date
- October 1, 2025
- Share-Swap Ratio
- 1:1
- New CV Company Name
- TML Commercial Vehicles Limited (TMLCV), expected to be renamed 'Tata Motors Limited'
- PV Company Name
- Tata Motors Passenger Vehicles Limited
- Record Date
- Not yet announced
- CV Business Head
- Girish Wagh
- PV Business Head
- Shailesh Chandra
Sources
Tata Motors appoints Shailesh Chandra as CEO & MD, Dhiman Gupta named CFO
Tata Motors demerger: Board approves key managerial changes
Tata Motors demerger: Board approves key managerial changes
Tata Motors splits PV, CV leadership