The shares of Tata Motors Commercial Vehicles (CV) will be listed on the Indian stock exchanges on Wednesday, November 12, 2025.
This follows the successful completion of Tata Motors' demerger, which became effective on October 1, 2025, and split Tata Motors Passenger Vehicles (PV) and Commercial Vehicles (CV) business divisions into two separate companies.
The Bombay Stock Exchange (BSE) recently notified that Tata Motors Commercial Vehicles Limited (TMCV) shares would be listed for trading on the BSE and NSE starting November 12, 2023, under the ‘T’ Group of Securities.
The new entity will trade under the name Tata Motors Ltd (Commercial Vehicles) with each share carrying a face value of Rs. 2.
Under the approved demerger scheme, Tata Motors shareholders received one share in TMCV for every share in Tata Motors they held as of the record date of October 14, 2023.
In total, 3.68 billion equity shares of Rs. 2 each have been allotted, bringing the paid-up capital of Tata Motors CV to Rs. 7,36.47 crore.
The stock will remain in the trade-for-trade segment for the first 10 sessions, as per BSE regulations.
Tata Motors has been split into two separate firms post-demerger:
Tata Motors Passenger Vehicles Ltd (TMPVL) consists of passenger cars, electric vehicles (EVs), and Jaguar Land Rover (JLR) operations.
Tata Motors Commercial Vehicles Ltd (TMCV) focuses on commercial vehicles, which include trucks, buses, and logistics solutions.
Market analysts have shown optimism around the upcoming listing, citing favorable industry trends and robust long-term outlooks for the commercial vehicle sector.
According to SBI Securities, TMCV shares are expected to list between Rs. 320 and Rs. 470 per share.
The brokerage expects that the domestic CV industry could see a potential recovery in FY26, supported by the GST rate being cut from 28% to 18%, increased infrastructure spending, and higher replacement demand.
In addition, the anticipated integration with Iveco Group NV by the end of fiscal year 2027 is expected to provide global growth opportunities for the company.
Experts anticipate that the demerger will unlock shareholder value and give each business access to opportunities for independent growth.
At the pre-demerger valuation session on October 14, investors valued Tata Motors PV at Rs. 400 per share and Tata Motors CV at around Rs. 261 per share.
With the official listing now imminent, investor attention is firmly on TMCV’s opening price and market response, which could set the stage for Tata Motors’ next phase of growth.