Tata Motors’ much-anticipated demerger has officially entered its final stage, marking a major milestone in the company’s restructuring plan. As per the approved scheme, the automaker has split into two independently listed entities - Tata Motors Commercial Vehicles Ltd (TMLCV) and Tata Motors Passenger Vehicles Ltd, which includes the EV and Jaguar Land Rover (JLR) businesses.

Shareholders will receive one TMLCV share for every Tata Motors share they hold as of October 14, 2025, ensuring no dilution or loss of ownership. These new shares have already been credited to investors’ demat accounts but remain non-tradable until exchanges like BSE and NSE grant listing approval - expected by late November or early December 2025.

The company clarified that there is no cash outflow or surrender of existing shares involved in this process. Tata Sons Chairman N. Chandrasekaran stated that the move will give each business greater focus, flexibility, and growth potential. This demerger aims to unlock shareholder value and allow both divisions - CV and PV - to operate with clearer strategic independence and agility in a competitive market.