Key Points
The board of Tata Motors on Monday approved demerging the operations of the company's business into two separate entities, i.e., commercial vehicles and passenger vehicle business, a move aimed at tapping synergies and delivering higher growth...
"The demerger is a logical progression of the subsidiarisation of PV and EV businesses done earlier in 2022 and shall further empower the respective businesses to pursue their respective strategies to deliver higher growths with greater agility while reinforcing accountability," the company said in a stock exchange intimation...
Post demerger, one entity would house the commercial vehicles business and its related investments while the other would house the passenger vehicles business including PV, electric vehicles, Jaguar and Land Rover and related investments...
Tata Motors CV, PV and JLR businesses have been operating independently under their respective CEOs since 2021..
Tata Motors does not expect the demerger to have any adverse impact on employees, customers, and our business partners...
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