Mumbai/IBNS, Nov. 12 -- The shares of Tata Motors Commercial Vehicles (TMCV) Ltd., the new commercial arm of Tata Group's Automobile business, on Wednesday made a strong debut in the stock market with a 28 percent premium over the listing price, media reports said.

TMCV stock opened 28.5% higher at Rs. 335 on NSE and 26.6% higher at Rs. 330.25 on BSE.

Reflecting an enthusiasm of the investors, the stocks soared to as high as Rs. 345 after the listing.

The demerger of Tata Motors' Passenger Vehicle, Electric Vehicle and CV businesses will empower the investors to value the two different industries separately.

The Commercial Vehicle entity of Tata Motors will be known as TMCV while the existing entity has been renamed as Tata Motors Pas...