Tata Motors Share Price Highlights: Cost of acquisition announced. Here’s how cost splits between PV and CV shares

Tata Motors Share Price LIVE: Tata Motors' Commercial Vehicle arm's revenue from core operations rose 6% to ₹18,585 crore in the July-September quarter of the financial year ending 2025-26, compared year-on-year (YoY) with ₹17,535 crore in the same period a year ago.

Tata Motors Share Price LIVE: Tata Motors' Commercial Vehicles' arm reported a net loss of ₹867 crore in the second quarter, according to its consolidated financial statements released on Thursday, 13 November 2025.

The company incurred a net loss in Q2 FY26, compared to a ₹498 crore net profit in the second quarter of the previous financial year, according to the exchange filing.

Tata Motors Share Price LIVE: Tata Motors on Thursday announced the apportionment ratio for determining the cost of acquisition of shares following the demerger of its Passenger Vehicles (PV) and Commercial Vehicles (CV) businesses. Shareholders will allocate 68.85% of their original investment cost to Tata Motors Passenger Vehicles Ltd (TMPVL) and 31.15% to Tata Motors Ltd (TMCV), formerly known as TML Commercial Vehicles Ltd, according to the stock exchange filing. Read here

Tata Motors Share Price LIVE: Post-listing of Tata Motors (CV) shares, based on the cost allocation for shareholders, Tata Motors (CV) shareholders have seen significant gains. The cost of acquisition for TMCV shares works out to ₹205.59 based on the record-date price of the consolidated Tata Motors, while the stock is currently trading around ₹325, reflecting an appreciation of about 58% on cost price. On the other hand, the cost of acquisition for TMPV shares comes to ₹454.41, and with the stock currently trading near ₹399, shareholders who held the stock on or before the record date are facing a notional loss of approximately 12%, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Tata Motors Share Price LIVE: The Board of Directors of Tata Motors has authorized the following Key Managerial Personnel (KMP) of the company.

> Girish Wagh, Managing Director & CEO

> G V Ramanan, Chief Financial Officer

> Sudipto Kumar Das, Company Secretary

Tata Motors Share Price LIVE: Here's how to split cost between PV and CV shares

For example, if 1,000 Ordinary Shares of Tata Motors were purchased at ₹400 per share by a shareholder, the total cost of acquisition would amount to ₹4,00,000 before the Demerger. Based on the Share Entitlement Ratio, 1000 shares of TMLCVL would be allotted to the said shareholder. The total cost of acquisition of ₹4,00,000 would be apportioned in the aforesaid ratio - ₹1,24,600 (31.15% of ₹4,00,000) being the total cost of acquisition of 1,000 Resulting Company shares and ₹2,75,400 (4,00,000 less ₹1,24,600) being the total cost of acquisition of 1000 original shares of Demerged Company.

Tata Motors Share Price LIVE: Tata Motors Passenger Vehicles has announced the apportionment of cost of acquisition of equity shares of the company and Tata Motors (formerly TML Commercial Vehicles Limited) pursuant to the demerger. For the purpose of determining cost of acquisition of the equity shares of the resulting and the demerged company post demerger, shareholders shall apportion their total cost of acquisition of equity shares of the Demerged Company in the following manner:

Tata Motors: 31.15%

Tata Motors Passenger Vehicles: 68.85

Tata Motors Share Price LIVE: Tata Motors will announce its Q2 results today. The board of directors of Tata Motors is scheduled to meet today, 13 November 2025, to consider and approve the Q2 results.

“...a Meeting of the Board of Directors (‘the Board’) of Tata Motors Limited (formerly known as TML Commercial Vehicles Limited) (‘the Company’) is scheduled to be held on Thursday, November 13, 2025, inter alia, to consider and approve the Audited Standalone Financial Results and Unaudited Consolidated Financial Results (with Limited Review) for the second quarter and half year ended September 30, 2025,” the company said in a regulatory filing.

Tata Motors Share Price LIVE: Tata Motors share price falls over 3% on Thursday. The stock opened lower at ₹322.85 apiece as against its previous close of ₹327.65 apiece on the BSE. Tata Motors share price declined as much as 3.86% to ₹315.00 apiece.

Tata Motors CV Share Price LIVE: On Wednesday, Tata Motors share price ended 0.79% lower at ₹327.65 apiece, with a market capitalisation of ₹1,20,651.59 crore on the BSE. Tata Motors Passenger Vehicles share price closed 1.28% lower at ₹402.30 apiece, commanding a market cap of ₹1,48,140.19 crore.

Tata Motors Share Price LIVE: Late corporate leader Ratan Tata's dream has finally come true as the passenger vehicles business has been turned into an independent company, which he envisioned nearly 30 years ago.

The Tata Motors commercial vehicle business contributed nearly 18% at ₹75,055 crore of the ₹4.4 trillion revenue in the financial year 2024-25, while the passenger vehicle business accounted for more than 82% of the revenues generated in the year.

Tata Motors Share Price LIVE: Passive funds and exchange-traded funds (ETFs) will have to adjust their portfolios to reflect the revised index composition, as the Tata Motors Commercial Vehicles (TMCV) arm shares are listed on the benchmark indices.

The funds which track these indices will have to realign their holdings on the listing day and choose whether to retain both Tata Motors entities if they qualify for inclusion, or divest the non-eligible stock as per the index methodology.

Tata Motors Share Price LIVE: Tata Motors (TMCV) shares becoming part of the major Indian stock market indices like the Nifty 50 in the long run will depend on whether the shares meet the eligibility criteria of the individual index.

These eligibility criteria comprise market capitalisation, free-float, and trading liquidity during subsequent index reviews.

Tata Motors Share Price LIVE: The listing of the Tata Motors Commercial Vehicles (CV) shares has increased the number of constituents in the Nifty 50 index to 51, which will remain so until the rebalancing of the index is completed.

The NSE revised demerger rules suggest that the Tata Motors Passenger Vehicles — the demerged company — will remain part of the Nifty 50, while TMCV shares will be included at a constant price for a few sessions before being excluded. This approach seeks minimal disruption during the transition period.

Tata Motors CV Share Listing LIVE: Tata Motors share price closed 0.79% lower at ₹327.65 after Wednesday's stock market session. The shares of the company were listed on the Indian stock market at ₹330.25 apiece, according to the data collected from the BSE website.

According to the market data, the shares of Tata Motors CV were listed at a premium of 26.09%, when compared with its earlier value of ₹261.90 per share.

Tata Motors CV Share Listing LIVE: Tata Motors Commercial Vehicles (CV) will sell company-made trucks, buses, vans and other business vehicles under its newly separated venture.

While the Tata Motors Passenger Vehicle (PV) division will sell cars, SUVs, and luxury vehicles, including the cars from Jaguar Land Rover (JLR).

Tata Motors CV Share Listing LIVE: Tata Group's automotive arm, Tata Motors, decided to demerge its business into two parts — the Passenger Vehicle (PV) and Commercial Vehicle (CV). Both of these businesses are listed as separate companies on the Indian stock market.

Tata Motors' move to divide the commercial vehicle and passenger vehicle segment was due to the difference in business strategies, capital requirements and demand cycles of the auto segments.

Tata Motors CV Share Listing LIVE: Harshal Dasani, Business Head, INVasset PMS noted that passive funds that track indices which include Tata Motors shares will realign their portfolios accordingly — either holding both stocks if both qualify or offloading the non-eligible one.

“While the overall economic exposure of investors remains unchanged, short-term volatility around listing and rebalancing is likely as index-linked flows adjust to the new structure. Over time, the split should enhance value discovery and sector-specific investor participation,” Dasani said.

Tata Motors CV Share Price LIVE: For passive index funds and ETFs, portfolio adjustments will be required to include the new Tata Motors Commercial Vehicles shares after the listing.

“This may lead to temporary inflows or outflows and higher trading volumes in the CV shares, along with short-term volatility. However, fund managers are expected to hold Tata Motors Commercial Vehicles shares, anticipating better valuation clarity after the demerger and also assume fund manager to hold to PV shares as long term outlook remains optimistic,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Tata Motors CV Share Listing LIVE: Tata Motors demerger is expected to trigger some short-term technical adjustments in the key Indian stock market indices as the index providers will need to revise Tata Motors’ weightage and representation. According to Harshal Dasani, Business Head, INVasset PMS, Tata Motors Passenger Vehicles, given its higher market capitalization, is expected to retain index inclusion, while the CV arm’s eligibility will depend on its free-float and liquidity thresholds. If it falls short, it may be excluded in the next Nifty 50 or Sensex rebalance, said Dasani.

Tata Motors Share Price LIVE: The combined market capitalisation of its two new listed entities - Tata Motors Commercial Vehicles and Tata Motors Passenger Vehicles - crossed ₹2.7 lakh crore after the listing of CV unit. The newly listed Tata Motors CV shares were listed at ₹335 per share, commanding a market cap of over ₹1.2 lakh crore. Tata Motors Passenger Vehicles was trading at ₹407 apiece, valued at more than ₹1.5 lakh crore. The combined price of both shares was more than at ₹742 apiece, which is 12.4% higher than Tata Motors’ pre-demerger share price of ₹660.75.

Tata Motors CV Share Price LIVE: Tata Motors Commercial Vehicles business reported FY25 revenue of ₹75,055 crore and EBITDA of ₹8,856 crore, implying a healthy 11.8% margin. Using Ashok Leyland’s EV/EBITDA multiple of 12.9x, the fair value for Tata Motors Commercial Vehicles comes around ₹1.14 lakh crore, or roughly ₹310 – ₹320 per share. The listing removes the “conglomerate discount” and gives investors a focused bet on India’s commercial vehicle upcycle — a steady, cash-rich, value-driven play backed by improving policy and economic tailwinds, said Jahol Prajapati, Research analyst, SAMCO Securities.

Tata Motors CV Share Listing LIVE: The demerger allows sharper strategic focus, operational independence, and better market valuation visibility, believe analysts. Ahead of the demerger, analysts at Ambit Capital had said that the CV business, with market leadership, industry-matching margins and healthy CFO generation, is better positioned to capitalise on the demerger. Global reach and synergies from the Iveco acquisition would provide re-rating upside, the brokerage had said.

Tata Motors Share Price LIVE: Tata Motors Commercial Vehicles shares have been listed at 28% premium. Shareholders now hold shares of two companies instead of one after Tata Motors demerger. For tax purposes, the date when you originally bought Tata Motors shares will also apply to your new TMLCV shares. However, when you eventually sell either of these shares, the original cost of your Tata Motors investment will be split between Tata Motors and TMLCV based on the ratio that reflects their respective net worth. Read here

Tata Motors CV Share Listing LIVE: When combining the valuations of both entities at today’s high levels — Tata Motors Passenger Vehicles share price of ₹411.35 and Tata Motors Commercial Vehicles share price of ₹346.75 — the total implied value comes to approximately ₹758.1 per share. This is against the pre-demerger closing price of ₹660.75.

“This combined valuation suggests that shareholders who held Tata Motors shares on or before the record date stand to benefit from the demerger, as the overall worth of their holdings remains strong, potentially even unlocking additional value as each business gains clearer strategic and financial visibility post-split,” Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd said.

Tata Motors Share Price LIVE: Tata Motors CV share price rises to ₹346.75 apiece after listing on the BSE post-demerger from passenger vehicle business. On NSE, the stock made a high of ₹345.00 per share.

Tata Motors CV Share Price LIVE: Tata Motors Commercial Vehicle shares got listed at ₹330.25 apiece on the BSE, a premium of 26.09% to its earlier value of ₹261.90 per share.

Tata Motors CV Share Listing LIVE: Tata Motors Commercial Vehicle shares list at ₹335 apiece on NSE, a premium of 28.48% to its implied value of ₹260.75 per share.

Tata Motors Share Price LIVE: Tata Motors shares are likely to list above its implied valuation of ₹260. The stock could see volatility in prices as retail and institutional participants will recalibrate portfolios post demerger, said Abhinav Tiwari, Research Analyst at Bonanza.

Given Tata Motors’ market leadership in the commercial vehicle segment, strong cash generation, and its acquisition of Italy’s Iveco, Tiwari believes the CV business is well-positioned to strengthen its global footprint.

Tata Motors CV Share Price LIVE: Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, expects a robust listing for TML Commercial Vehicles Ltd (TMLCV) shares in the ₹300 – ₹350 range, in line with the business’s standalone value and growth prospects.

“This anticipated range reflects the implied value of the commercial vehicle business post-demerger, along with a potential premium for its standalone visibility. However, we believe that Tata Motors’ CV shares could command a better valuation once the new entity provides greater clarity on its independent financials, growth strategy, and long-term performance outlook,” said Tapse.

Tata Motors CV Share Listing LIVE: Tata Motors Passenger Vehicles share price traded higher ahead of Tata Motors Commercial Vehicles listing. TMPV share price opened marginally higher at ₹407.75 apiece as against its previous close of ₹407.50 apiece on the BSE. The stock gained as much as 0.94% to ₹411.35 per share.

Tata Motors Share Price LIVE: Tata Motors Commercial Vehicles valuations are broadly aligned with peers like Ashok Leyland and M&M’s CV business, leaving limited immediate rerating potential. In the near term, some volatility is likely as passive funds rebalance post demerger. Over the medium term, however, stronger GDP-linked demand, emission-led upgrades, and export opportunities could gradually lift the stock’s trajectory once integration benefits and capacity leverage start to play out, said Harshal Dasani, Business Head, INVAsset PMS.

Tata Motors CV Share Price LIVE: Tata Motors CV arm reported FY25 revenue of ₹75,055 crore and EBITDA of ₹8,856 crore, implying a healthy 11.8% margin. Using Ashok Leyland’s EV/EBITDA multiple of 12.9x, the fair value for Tata Motors Commercial Vehicles comes around ₹1.14 lakh crore, or roughly ₹310 – ₹320 per share. The listing removes the “conglomerate discount” and gives investors a focused bet on India’s commercial vehicle upcycle — a steady, cash-rich, value-driven play backed by improving policy and economic tailwinds, said Jahol Prajapati, Research analyst, SAMCO Securities.

Tata Motors Share Price LIVE: Over 368 crore equity shares with a face value of ₹2 each will be admitted to trading under the ticker symbol ‘TMCVL’ in the ‘T’ Group of Securities. The stock will remain in the trade-for-trade segment for the first 10 sessions to ensure a smooth price discovery process, according to a BSE notice.

Tata Motors CV Share Listing LIVE: Tata Motors demerger took effect from October 1, 2025, and the Tata Motors demerger record date was October 14, 2025. Tata Motors Commercial Vehicles arm listing date is November 12.

Tata Motors Share Price LIVE: The listing of equity shares of Tata Motors Commercial Vehicle business follows the Tata Motors demerger which took effect from October 1. Under the Tata Motors demerger plan, shareholders received one share of Tata Motors Commercial Vehicles Ltd for every Tata Motors share held as of the record date. Tata Motors demerger record date was October 14, 2025.

Tata Motors CV Share Listing LIVE: Tata Motors Commercial Vehicles shares will be listed in the Indian stock market today, 12 November 2025. The equity shares of newly demerged commercial vehicle (CV) arm of Tata Motors will list on both the stock exchanges, BSE and NSE.