The Indian automotive giant is officially moving ahead with a major restructuring-splitting its Commercial Vehicle (CV) and Passenger Vehicle (PV + EV) segments into two independent listed companies.

Over the past few years, Tata Motor's three arms-CV, PV+EV, and Jaguar Land Rover-have been working under distinct leadership and strategies. With strong growth across segments, the time seemed right to give them individual focus and identity.

TML’s Commercial Vehicle business, along with its related assets, liabilities, and employees, will shift into a new entity called TMLCV. Meanwhile, the Passenger Vehicle business, including Tata EV and Jaguar Land Rover, will now sit under TMPV, which will retain the existing listed structure.

A crucial shareholder meeting is scheduled for May 6, 2025, at 3 PM IST via video conferencing. Shareholders will vote on this "Composite Scheme of Arrangement" that’s set to redefine Tata Motors’ future.

For every one share of TML they own, shareholders will receive one fully paid-up share of TMLCV, both with a face value of ₹2.