Tata Motors’ passenger vehicle business will now trade as Tata Motors Passenger Vehicles (TMPV) starting October 24, following its demerger.Shares of Tata Motors will trade under a new name — Tata Motors Passenger Vehicles (TMPV) — from October 24 as the company formally completes the renaming process following its ongoing demerger. The BSE had earlier notified trading members that the change would be effective from Friday, when the scrip ID and abbreviated name on the BOLT Plus system will switch from “Tata Motors Ltd” to “TMPV.”
The move comes as part of Tata Motors’ broader restructuring exercise to split its commercial vehicle (CV) and passenger vehicle (PV) businesses into two independent listed entities. Under the approved scheme of arrangement, the CV business will retain the Tata Motors name, while the PV, EV, and JLR divisions will operate under the new banner of Tata Motors Passenger Vehicles.
The demerger became effective on October 1, with a 1:1 share entitlement ratio, meaning shareholders will receive one share in the commercial vehicle company for every share held in Tata Motors. The record date for this purpose was October 14.
While the renaming reflects the separation of the two divisions, analysts say the move will also enhance clarity and unlock value for investors.
“This clean split allows both passenger and commercial businesses to be benchmarked separately against global peers, enabling sharper strategic focus and independent valuation,” said a Mumbai-based analyst tracking the auto sector.
Tata Motors had announced the demerger plan in March 2024, citing the need for operational independence, faster decision-making, and improved capital allocation.
The passenger vehicle arm will house the electric vehicle (EV), Jaguar Land Rover (JLR), and domestic car segments — areas where the company sees its strongest long-term growth trajectory. Meanwhile, the commercial business will continue to focus on trucks, buses, and defence mobility solutions.
The separation comes at a time when Tata Motors is looking to sustain momentum in its EV business and consolidate its leadership in India’s passenger vehicle market.
After the record date, Tata Motors’ stock price appeared to fall nearly 40 per cent due to the technical adjustment post-demerger — not an actual loss in value — as the PV and CV entities are being valued independently. The CV arm is expected to be listed separately in the coming weeks once final regulatory clearances are completed.
The renaming marks a new chapter for Tata Motors, which now formally separates its legacy commercial vehicle business from its fast-growing passenger and electric vehicle operations.
