Tata Motors Demerger Explained: CV Share Entitlement, Swap Ratio, and Listing Timeline

Tata Motors has triggered one of the biggest structural changes in India’s auto industry. The company has split its large vehicle business into two separate listed entities: one covering Passenger Vehicles (PV) (including electric vehicles and its global brand) and the other covering Commercial Vehicles (CV) (trucks, buses, heavy vehicles). The demerger signals a strategic shift. We see it as a move to sharpen focus, unlock value, and give each business its own identity. For shareholders and the market, it opens a new chapter.