Tata Motors' Commercial Vehicle Arm Debuts on Stock Market at Over 26% Premium

The commercial vehicle (CV) division of Tata Motors, now trading as Tata Motors Ltd (TMCVL), made a strong debut on the stock exchanges. Shares listed at a premium of over 26% to their implied value, opening at ₹335 on the NSE against an estimated value of around ₹261. The listing follows the demerger of the CV business from the passenger vehicle unit, which now trades as Tata Motors Passenger Vehicles Ltd. Analysts view the move as unlocking value by allowing investors to assess each business independently.