Tata Motors’ commercial vehicle business will be excluded from NSE and BSE indices from Friday following its separate listing on the exchanges.

The move comes as part of Tata Motors’ demerger plan, which split the company into two entities, Tata Motors Passenger Vehicles Ltd (TMPV) and Tata Motors Commercial Vehicles Ltd (TMCV).

TMCV made its market debut this week, listing at around ₹335 on the NSE, nearly 28% higher than its implied price of ₹260.75. The demerger, effective from October 1, had October 14 as the record date for identifying eligible shareholders. TMPV, which houses the passenger, electric vehicle, and Jaguar Land Rover segments, will continue to be part of the Nifty 50 index.

The exclusion of the newly listed CV arm from benchmark indices is in line with NSE’s index reb

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