Tata Motors Demerger, Oct. 15 -- Markets are inherently forward-looking, and this is clearly reflected in investor sentiment, which is now shifting focus to the upcoming listing of Tata Motors' commercial vehicle (CV) business following its planned demerger from the passenger vehicle (PV) segment.

Tuesday, October 14, marked the record date for the spin-off of Tata Motors' PV and CV business. According to the demerger plan, shareholders who owned Tata Motors shares on the record date are entitled to receive one share of the newly-demerged Tata Motors Commercial Vehicle (TMCVL) for every share held as the demerger ratio was fixed at 1:1.

The existing share of Tata Motors will house only the PV business - both JLR and the domestic PV (ICE...