Tata Motors completes commercial vehicles business demerger

Effective October 3, 2025, Tata Motors Limited (TML) has completed the demerger of its commercial vehicles business. This transfers its shareholdings in direct and indirect subsidiaries to TML Commercial Vehicles Limited (TMLCV), following a Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal.

All direct subsidiaries, including Tata Motors Insurance Broking and Advisory Services Limited and Tata Motors Body Solutions Limited, have seen 100% of TML’s shareholding transferred to TMLCV. Indirect subsidiaries like Tata Daewoo Mobility Company Limited also experienced a 100% transfer of TML’s ownership.

Additionally, TML's stakes in several associate companies, joint operations, and joint ventures have moved to TMLCV. For example, the entire 49.77% stake in Automobile Corporation of Goa Limited, 50.00% in Tata Cummins Private Limited, and 50.00% in Tata Motors Digital.AI Labs Limited have been transferred.