Tata Motors has officially wrapped up its much-talked-about demerger, carving out its commercial vehicles (CV) business into a brand-new entity. The big move, approved by the National Company Law Tribunal (NCLT), kicked in from October 1, 2025—and now we finally know the record dates that matter for investors.
One Tata Motors Share = One New CV Share
Here’s the headline detail: if you’re holding Tata Motors shares on October 14, 2025, you’ll automatically get one equity share of TML Commercial Vehicles Ltd (TMLCV) for every share you own in Tata Motors. Pretty straightforward—your ownership stays the same, just split between two focused companies.
The new CV stock will have a face value of ₹2 and is expected to be listed on both BSE and NSE by early November, once regulatory paperwork wraps up.
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Debenture Holders, You’re in Too
It’s not just equity shareholders in the spotlight. Tata Motors has also locked October 10, 2025, as the record date for certain non-convertible debenture (NCD) holders. These instruments will also move over to the new CV entity.
On top of that, with the amalgamation of Tata Motors Passenger Vehicles Ltd (TMPV) into the parent effective October 1, TMPV officially ceases to exist. This leaves Tata Motors with two clean, standalone businesses—passenger vehicles and commercial vehicles.
Why This Demerger Matters
Analysts are already buzzing. JM Financial, quoted by The Economic Times, called the demerger a “pivotal milestone” that could reshape how investors value Tata Motors. Basically, with the CV segment separated, markets will judge the passenger vehicle business on its own merit, which might bring a fresh round of volatility in the stock price.
But that’s not always bad news. In fact, right after Tata announced the record dates, its shares jumped 4% to ₹707.70 on the BSE. Investors seem pretty optimistic about what this new structure means long term.
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What’s Next?
If all goes as planned, we’ll see TMLCV listed by early November 2025. For Tata Motors, this is about “unlocking value” and letting each business focus better on its strengths. For investors, it means a chance to ride two horses instead of one in India’s fast-evolving auto sector.
💬 Krishnaanand Nishad Comment
Tata Motors’ decision to spin off its commercial vehicles arm isn’t just another corporate shuffle—it’s a game-changer. For years, the passenger and commercial vehicle businesses have had very different growth stories. This split finally gives each of them the room to play to their strengths.
For investors, it means two focused bets under the same Tata brand. The stock market’s quick positive reaction shows there’s excitement, but volatility is natural as the market resets valuations. All eyes now will be on how fast TMLCV hits the exchanges and how both companies perform as standalone giants.
— Krishnaaand Nishad Analysis
