Tata Motors has just gone through a massive shake-up — and it’s got investors checking their trading apps in confusion. The automaker has officially split into two separate companies: Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Motors Commercial Vehicles Ltd. (TMLCV).
This long-awaited demerger officially kicked in on October 1, 2025, marking a new chapter for one of India’s biggest automobile makers.
What the Demerger Means for Shareholders
If you held Tata Motors shares on or before October 14 — the record date — you’re entitled to an equal number of shares in the new commercial vehicles entity, TMLCV. In short, it’s a 1:1 allotment ratio.
However, many investors have reported that their Tata Motors Commercial Vehicles (TMLCV) shares aren’t showing up for trading on popular stock market apps. So, what’s going on?
Why You Can’t Trade TMLCV Shares Yet
Tata Motors explained that the issue isn’t with your app — it’s because of the listing process. The shares are currently waiting for final approvals from the BSE and NSE.
Until these regulatory green lights come through, your TMLCV shares will appear in your demat account but remain inactive — meaning you can’t buy or sell them yet.
In an exchange filing dated October 9, Tata Motors said:
“During the period from the date of allotment of shares by TMLCV up to the date of listing on BSE & NSE thereof, the shares of TMLCV shall not be available for trading… The process of obtaining listing and trading permission generally takes 45-60 days from the date of filing the necessary application.”
When Will TMLCV Shares Start Trading?
If all goes as planned, investors might not have to wait too long. According to the company’s communication to stock exchanges, TMLCV shares are expected to begin trading by late November 2025.
On October 15, Tata Motors confirmed the allotment of 3,68,23,31,373 fully paid equity shares (face value ₹2 each) to shareholders, matching their Tata Motors holdings 1:1.
The company also announced that the pre-demerger share capital of TMLCV — 5,00,000 fully paid equity shares of ₹2 each — had been cancelled and reduced, officially ending its status as a wholly owned subsidiary of Tata Motors.
What Happens Next
Tata Motors will continue to remain listed — but with a new identity. As part of the restructuring, the parent company is now known as Tata Motors Passenger Vehicles Ltd. (TMPV), handling the passenger vehicles, EV business, and JLR investments.
So, for now, investors just need a bit of patience. Your TMLCV shares are safe — they’ll start trading as soon as the listing process wraps up.
In short: If you can see the shares but can’t trade them yet, don’t panic — trading should open in a few weeks.
