Tata Motors board approves demerger of business into commercial and passenger vehicle entities.

Tata Motors' board has approved the demerger of its business into two separate listed entities, focusing on commercial vehicles and passenger vehicles. The process, expected to take 12-15 months, aims to enhance accountability and agility for each business unit, empowering them to pursue differentiated strategies and increase shareholder value. The automaker's commercial vehicle business will be demerged into TML Commercial Vehicles Limited (TMLCV), while the existing passenger vehicle business in Tata Motors Passenger Vehicles Limited (TMPV) will be merged into its listed entity, Tata Motors Limited (TML).

August 01, 2024
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