Tata Motors share price rose 3% intra-day and hit a high of Rs 739 in today’s trading session, following the formal effective date of its demerger and the record date announcement by the company.
The move splits the company into two separate listed entities. This includes TML Commercial Vehicles (TMLCV) and Tata Motors Passenger Vehicles (TMPV).
Let’s take a look at the record dates and share swap ratio, which is the next key steps in the demerger process and other key details –
Tata Motors demerger: Record date for shareholders
The company has fixed Tuesday, October 14, as the record date for determining shareholders eligible to receive shares of TMLCV.
Under this, the shareholders of the company will receive one equity share of TMLCV for every one Tata Motors share held. This maintains a 1:1 ratio.
Only those holding shares on this date will be entitled to the new stock once it is listed on BSE and NSE, subject to regulatory approvals.
Tata Motors demerger: Record date for debenture holders
The record date for those holding Tata Motors‘ NCDs has been set on Friday, October 10. This is the date for identifying eligible holders of certain Non-Convertible Debentures (NCDs) worth Rs 2,300 crore. These NCDs will be transferred to Tata Motors Commercial Vehicles as part of the approved scheme.
Tata Motors demerger: Demerger effective from October 1
The demerger, approved by Tata Motors board in August 2024 and sanctioned by the NCLT last week came into effective from October 1, 2025.
This makes the official separation of the commercial and passenger vehicle businesses into two independent companies.
The passenger vehicle unit, TMPV, will include electric vehicles (EVs) and the Jaguar Land Rover (JLR) portfolio.
Tata Motors auto sales update
In the terms of the company’s sales performance, Tata Motors commercial vehicle sales reported a steady growth in September 2025.
Its domestic sales rose to 33,148 units, up 16% year-on-year. Similarly, the company’s total Q2FY26 commercial vehicle sales reached 87,061 units. This is 9% increase from the previous year.
Including exports, total commercial vehicle sales in September stood at 35,862 units, up 19% YoY, bringing overall Q2 figures to 94,681 units, 12% higher than last year.
Tata Motors share performance
The share price of Tata Motors has risen 8% over the last five trading sessions and gained 4% over the past month. Looking at a longer time frame, the stock has delivered a 22% decline over the past year. So far in 2025, Tata Motors’ share price has fallen by 4%.