The Board of Directors of Tata Motors Limited (TML), at its meeting held on Mar 04, 2023, approved the proposal of demerging of Tata Motors Ltd into two separate listed companies. According to the filing, Tata Motors will split its Commercial Vehicles (CV) business and its related investments in one entity and the Passenger Vehicles (PV) businesses including PV, Electric vehicles (EV), JLR (which fetches over 80% of Tata Motors’ revenue) and its related investments in another entity and separately list them, aiming to unlock value and signal its confidence in the prospects of both divisions.