The ultimate form of the Tata Motors merger: Tata Motors Ltd. is the new name for the Commercial Vehicles division; a listing is anticipated in November.

As part of the same demerger plan, Tata Motors changed its name to Tata Motors Passenger Vehicles Ltd (TMPV) on October 13, 2025. The company has divided its passenger car and commercial vehicle operations into two separate companies.

Given that the automaker has revealed yet another significant milestone in its organizational restructuring, the Tata Motors demerger process is probably nearing its conclusion. According to the corporation, TML Commercial Vehicles Ltd., its division for commercial vehicles, has formally changed its name to Tata Motors Ltd.

As per the approved Composite Scheme of Arrangement, the name change has been formalized through a new Certificate of Incorporation granted on October 29, 2025, according to a regulatory filing made by Tata Motors Passenger Vehicles on Thursday.

On October 13, 2025, Tata Motors Ltd changed its name to Tata Motors Passenger Vehicles Ltd (TMPV) as part of the same demerger plan. The company's commercial and passenger car divisions have been divided into two separate companies in accordance with the Tata Motors demerger strategy.

Dates of Record and Effectiveness of the Tata Motors Demerger

The demerger record date for Tata Motors was October 14, 2025, while the demerger effective date was October 1, 2025. For each share held in Tata Motors Ltd., shareholders who were registered on the record date were given one share of Tata Motors Commercial Vehicles Ltd. (TMLCV) as part of the procedure. As a result, TMLCV and Tata Motors Passenger Vehicles Ltd (TMPV) were held in parallel.

The passenger car and electric mobility businesses, including the rapidly expanding EV range under the Tata.ev brand, will be led by Tata Motors Passenger Vehicles Ltd after the demerger. In the meanwhile, the rebranded Tata Motors Ltd. will only concentrate on the commercial vehicle industry, which includes fleet mobility solutions, trucks, and buses.

The share price and valuation of Tata Motors

In contrast to the pre-demerger closing of ₹660.75, the share price of Tata Motors Passenger Vehicles was found to be ₹400 per share on the NSE on October 14. Based on the residual value, this suggests a valuation of around ₹260.75 per share for Tata Motors Ltd (Commercial Vehicle business).

Tata Motors Passenger Vehicles (TMPV) and Tata Motors shares are assessed at ₹367 and ₹365 per share, respectively, by brokerage company Nomura.

Mehta Equities Ltd.'s Senior VP (Research), Prashanth Tapse, estimates that the independent Tata Motors is worth about ₹400 per share.

With a local market share of more than 37% and a global presence that includes a shareholding in the Iveco Group, Tata Motors is a clear leader in the commercial vehicle sector. The CV company will probably be compared to pure-play competitors like Ashok Leyland after the demerger.