1:1 Split: TMPV Share In Focus Ahead For First Q2 After Tata Motors Demerger: How CV Listing To Impact Market?

Tata Motors Passenger Vehicles (TMPV) share price is going to in focus next week due to its Q2 results for FY26. This will be the first Q2 of PV after demerging the business from Tata Motors. Since the start of October, Tata Motors has split into two entities namely TMPV and Commercial Vehicles unit. The demerger ratio is of 1:1. However, the CV is yet to be listed on BSE and NSE, which will change the index and market structure accordingly.

Tata Motors Passenger Vehicles Ltd Share Price:

After the market hours of November 7, TMPV share price closed at Rs 405.65 apiece with market cap of Rs 1,49,373.77 crore. The stock is marginally down by 0.5% after the closing bell. Overall, from November 3rd to November 7th, TMPV stock has declined by nearly 1.3%.

However, the stock price has nosedived by 40.5% from its pre-demerger record date levels. Tata Motors demerger scheme came into effect from October 1st, but the record date to identify eligible shareholders was fixed on October 14. Since October 14, Tata Motors stock is demerged into two businesses, PV and CV. But currently only PV unit is trading.

Prior to the demerger record date, Tata Motors stood at Rs 660.75 apiece on BSE on October 13. Investors are yet to receive the shares of CV unit.

TMPV Q2 Results:

In its regulatory filing, TMPV said a Meeting of the Board of Directors ('the Board') of Tata Motors Passenger Vehicles Limited (formerly known as Tata Motors Limited) ('the Company') is scheduled to be held on Friday, November 14, 2025, inter alia, to consider and approve the Audited Standalone Financial Results and Unaudited Consolidated Financial Results (with Limited Review) for the second quarter and half year ended September 30, 2025.

Tata Motors Commercial Vehicles Listing:

As per the latest filing on BSE, the Corporate Affairs Ministry has approved to change the name of TML COMMERCIAL VEHICLES LIMITED to TATA MOTORS LIMITED with effect from October 29, 2025. The CV unit was originally incorporated as TML Commercial Vehicles.

TML Commercial Vehicles has announced the allotment of 368,233,1373 fully paid equity shares of face value of Rs 2/- each to the equity shareholders of the Company in the ratio of 1:1 pursuant to the Scheme. Also, TMLCV has declared cancellation and reduction of the entire pre-Scheme paid-up share capital of TMLCV comprising 5,00,000 (Five Lakh) fully paid-up equity shares of Rs 2/- each, which were entirely held by the Company.

Tata Motors Demerger Index Adjustments and Market Structure:

As per Samco Securities blog, key indices-especially those that currently include Tata Motors shares-will temporarily reflect a placeholder symbol until the Tata Motors commercial vehicles share price begins trading. This mechanism ensures the index calculation stays uninterrupted.

Further, the brokerage highlighted that for passive funds and ETFs, the change simply means adjusting their holdings based on the eligibility of each Tata Motors entity after the PV-CV split. Here's what will happen once CV unit is listed:

-The temporary symbol will be replaced.

- The final weight of each Tata Motors entity will be determined.

-The combined value will continue to reflect the pre-demerger structure.

Under TMPV, businesses include passenger cars, investment in the electric vehicles business and Jaguar Land Rover. While under CV unit, Tata Motors entire commercial vehicles operations is included.

Tata Commercial Vehicles is expected to list in November or early December.

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