India, Oct. 14 -- Tata Motors Ltd. has completed the demerger of its passenger vehicle (PV) and commercial vehicle (CV) businesses, marking one of India's largest auto restructurings in recent years. The process, which began in early 2024, culminated with the stock trading ex-demerger today.

The Tata Motors demerger marks a pivotal step in its transformation into a dual-focused automotive powerhouse. It separates the high-margin PV-JLR arm from the asset-heavy CV business-a structural shift last seen in India's auto sector over a decade ago.

Here's a look at how the restructuring unfolded.

Tata Motors formally unveiled plans to split its business into two independent listed entities-one for passenger vehicles and Jaguar Land Rover (JLR...