Overview

• The company told analysts the record date will fall in mid-October, with the standalone commercial-vehicles entity expected to list in November.
• Shareholders will receive one share in the new commercial-vehicles company for every Tata Motors share held, based on a 1:1 entitlement.
• Leadership is set with Girish Wagh heading the commercial-vehicles business and Shailesh Chandra leading the passenger-vehicle unit.
• Jaguar Land Rover remains on a production pause until Oct. 1, with a gradual restart planned and management cautioning on weak near-term demand in Europe, China, and the United States.
• Tata Motors shares dipped as much as 0.8% before trimming losses as broker views stayed mixed, with some citing potential upside from an Iveco opportunity and GST tailwinds and others flagging margin and demand risks.