Explained: Why Tata Motors changed its name to Tata Motors Passenger Vehicles (TMPV)
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If you noticed a new name on your Tata Motors shares today, you’re not alone. The company is now officially called Tata Motors Passenger Vehicles Ltd (TMPV). The change marks the final step in Tata Motors’ plan to split its passenger and commercial vehicle businesses into two distinct companies. So, what exactly has changed and why? The demerger took effect on October 14, separating Tata Motors’ passenger vehicle, electric vehicle, and Jaguar Land Rover (JLR) operations from its commercial vehicle business. From here on, the passenger vehicle side of the business will operate under TMPV. As per the approved scheme, the CV business will continue under the original Tata Motors. For shareholders, the split means everyone who owned Tata Motors shares before October 14 will receive one share of TMLCV for every share they held. These new shares are expected to reflect in demat accounts within 30–45 days. Once regulatory approvals come through, ...