Sringar, March 5 -- Tata Motors on Monday said the board of directors has approved the proposal of demerger of Tata Motors Ltd into two separate listed companies. One entity will encompass the commercial vehicles business and its related investments, while the other will include passenger vehicles businesses, comprising PV, EV, JLR and its related investments.
The demerger will have no adverse impact on employees, customers, and business partners. The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of TML shall continue to have the identical shareholding in both the listed entities.
Over the past few years, the commercial vehicles (CV), passenger vehicles (PV+EV), and Jaguar Land Rover (JLR) busines...