Tata Motors plans to demerge commercial and passenger vehicle businesses into separate listed companies.
Tata Motors plans to demerge its commercial vehicle business from its passenger vehicle arm. This will result in two separate listed companies. One will house the passenger and electric vehicle businesses, along with Jaguar Land Rover, while the other will contain the commercial vehicle business and related investments. This demerger aims to enhance the focus and agility of the three automotive business units. Tata Motors' shareholders will continue to hold an identical shareholding in both listed companies post the demerger.
March 04, 2024
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