New Delhi, March 4 -- Tata Motors has decided to demerge its commercial vehicle business from the passenger vehicle arm. Following the split, one listed company will house the the passenger and electric vehicles as well as Jaguar Land Rover businesses. The second firm will have the commercial vehicle business and related investments. "The three automotive business units are now operating independently and delivering consistent performance. This de-merger will help them better capitalise on the opportunities provided by the market by enhancing their focus and agility," Tata Motors Chairman N Chandrasekaran said. After more than doubling last year, the stock of Tata Motors has surged by about 27 per cent in this year so far. After the demerge...