In a major step in operational clarity and value unlocking, Tata Motors declared that its passenger vehicle (PV) operations will officially be transferred to an independent listed company, Tata Motors Passenger Vehicles Ltd, starting October 24, 2025.

This is the culmination of the long-awaited corporate restructuring of Tata Motors that is meant to develop two autonomous organizations that would concentrate on their respective core business passenger vehicles and commercial vehicles.

Tata Motors Divides into Two Standalone Companies

Under the new structure, the passenger car, electric vehicle (EV), and Jaguar Land Rover (JLR) business will be under Tata Motors Passenger Vehicles Ltd (TMPV) and the trucks, buses, and pickup business will be under TML Commercial Vehicles Ltd (TMLCV).

The relocation is aimed at making the operations more agile, simplifying the decision-making process, and enabling the individual businesses to seek growth opportunities.

According to Shailesh Chandra, the Managing Director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, this restructuring will allow the company to make the company more focused, innovative, and value-generating to all stakeholders.

Trading Begins October 24, 2025

The company stated that the Passenger Vehicles (TMPV) stock of Tata Motors will begin to trade in NSE and BSE on October 24, 2025, after the share allotment record date.

The shareholders of the Tata Motors Ltd will be paid shares in the new passenger vehicle entity proportionately to their shares in the entity, and no share worth will be lost in the process of the demerger.

This action will enable investors to appreciate Tata as a commercial and passenger enterprise with its growth curve and profitability levels on an individual basis.

Attention is paid to the development of electric cars and hybrids

The new Tata Motors Passenger Vehicles Ltd will remain on top in India towards clean mobility. By 2030, the company will introduce 10 new electric vehicles (EVs), as well as increase the number of hybrid and CNG.

Tata Motors plans to control the market of Indian EV with flagship models, including Tata Nexon EV, Punch EV, and Curvv, which are expected to increase by manifold within a decade.

Chandra added, we are not only establishing a new company, but also laying the groundwork of the future of EV in India.

B2C Vehicle Division to Concentrate on International growth

In the meantime, TML Commercial Vehicles Ltd will enhance its emphasis on export markets, digital fleet technologies, and alternative fuel technologies, including LNG and hydrogen-powered vehicles.

Commercial vehicle division remains the dominant market share in trucks and buses, and new endeavors are aimed at fleet electrification and autonomous technologies.

And why the Split Matters to Investors

Analysts consider the restructuring of Tata Motors as a strategic masterstroke, just like the steps taken by the international car manufacturers such as Toyota and Volkswagen to decouple their electric mobility and legacy business.

This will provide investors with a clear insight on performance of two different business segments:

• Passenger Vehicles (TMPV) Innovation-oriented, fast-growing, EV-based.

• Commercial Vehicles (TMLCV) Infrastructure based growth, constant margins.

As the auto industry in India is starting to recover after the pandemic and the EV market grows fast, having two entities in Tata Motors could unlock a lot of shareholder value in the medium- to long-term perspective.

Key Highlights

• Listing Date: October 24, 2025

• New Entities: Tata Motors Passenger Vehicles Ltd (TMPV) and TML Commercial Vehicles Ltd (TMLCV).

• Key Areas: EV growth, business mobility, clean energy.

• Strategic Objective: Better agility, freestanding assessments, investor visibility.

Tata Motors Passenger Vehicles share listing date

Conclusion

The move by Tata Motors to divide its operations into two independent companies is a historic move in the Indian automobile industry. With Tata Motors Passenger Vehicles Ltd ready to list on the stock exchanges on October 24, this step would help to unleash value, enhance productivity and draw targeted investments on the passenger and commercial vehicle segments.

Having an excellent electric vehicle roadmap and an international strategy, Tata Motors is still leading India toward a sustainable and profitable growth in the automotive industry.