The record date is October 14, 2025. Shareholders who hold Tata Motors shares on this day will get one share of Tata Motors Commercial Vehicles Ltd (TMLCV) for every share they own.

The demerger will split Tata Motors into two companies. TMLCV will handle . It is India's biggest commercial vehicle maker with a 37% market share. The company earned well in the first quarter of FY26 and will also benefit from the €3.8 billion Iveco acquisition.

The other company, Tata Motors Passenger Vehicles (TMPV), will include passenger vehicles, electric vehicles, and Jaguar Land Rover. The passenger vehicle market in India is expected to grow 8% - 10% in the second half of FY26. Strong SUV sales and rising demand for EVs and CNG cars will help this growth.