Passenger Vehicles Business excluding JLR is valued at 12 times EV/Ebitda, implying a per-share value of Rs 109. (Photo source: Tata Motors website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Motors Ltd. is gearing up for a key milestone as it prepares to list its Commercial Vehicles (CV) business separately — a move that will reshape one of India’s largest auto companies.

From Wednesday, Tata Motors will trade ex-commercial vehicles, marking the separation of its two major business arms — Passenger Vehicles (PV) including Jaguar Land Rover, and Commercial Vehicles. Post-demerger, the existing listed company will be renamed Tata Motors Passenger Vehicles Ltd., while the newly listed entity will carry the Tata Motors Ltd. name, representing the CV business.

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