When may investors anticipate trading in shares of Tata Motors Commercial Vehicles following the demerger?

Tata Motors demerger: The qualified shareholders' demat accounts have been credited with shares of Tata Motors Commercial Vehicles. Nevertheless, TMLCV shares have not been accessible to investors on their trading platforms for viewing or trading.

Tata Motors Demerger: Tata Motors has successfully merged its two main companies into two separate companies, Tata Motors Commercial Vehicles Ltd. (TMLCV) and Tata Motors Passenger Vehicles Ltd. (TMPV). The long-awaited reorganization went into effect on October 1st, and the record date for the Tata Motors demerger was October 14, 2025.

Tata Motors Commercial Vehicles shares were distributed to stockholders at a 1:1 ratio as part of the Tata Motors demerger plan.

The qualifying shareholders' demat accounts have been credited with Tata Motors Commercial Vehicles shares subsequent to the allocation. Nevertheless, TMLCV shares have not been accessible to investors on their trading platforms for viewing or trading.

Here are the reasons and anticipated start times for TMLCV trading.

The Reasons TMLCV Shares Cannot Be Traded Currently
Even though TMLCV shares have been credited, they are still frozen in demat accounts pending stock exchange permission for listing and trading.

The shares of TMLCV will not be accessible for trading on stock exchanges from the date of share allocation by TMLCV until the shares are listed on the BSE and NSE. According to a regulatory filing made by Tata Motors on October 9, "the process of obtaining Listing and Trading permission generally takes 45-60 days from the date of filling necessary application with Stock Exchanges."

TMLCV shares will be available for viewing but cannot be traded in investor accounts until these regulatory clearances are obtained. Investors will be informed when the shares become live on trading platforms following the BSE and NSE's granting of listing and trading permits.

TMLCV Listing Schedule
After the listing application is submitted, the listing procedure usually takes 45–60 days. Therefore, subject regulatory clearances, investors can anticipate that the TMLCV shares will be listed and tradeable by the end of November.

Estimated Listing Price for TMLCV
The company's commercial vehicle operations and associated investments, including its ownership of Tata Capital, will be housed in the demerged company, Tata Motors Commercial Vehicles Ltd.

Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd., claims that the commercial vehicle market is cyclical, business-to-business, and strongly correlated with infrastructure spending and economic expansion.

With a local market share of more than 37%, Tata Motors is a clear leader in this sector, helped by its global reach and ownership of the Iveco Group. The CV company will probably be compared to pure-play competitors like Ashok Leyland after the demerger, according to Tapse.

Investors looking for consistent cash flows and cyclical value potential are drawn to the independent CV firm, which Tapse values at about ₹400 per share based on financial performance, growth forecast, and peer valuations.

After listing, SBI Securities predicts that the price of TMLCV shares will trade between ₹320 to ₹470.

"The GST rate reductions on CVs from 28% to 18%, replacement demand, and increased activity in infrastructure and logistics are expected to help the domestic CV industry recover in the second half of FY26." In a report, SBI Securities stated that exposure to the global CV cycle would also be provided by the planned integration of Iveco Group NV in FY27.

Evaluation of TMPV During Demerger
The share price of Tata Motors Passenger Vehicles was established during a special pre-open session on October 14, the record date. Each share of TMPV's stock was worth about ₹400.