Tata Motors spin-off TMCVL soars 28% on debut
Tata Motors Commercial Vehicles Ltd (TMCVL) just hit the stock market, opening at ₹335 per share—a solid 28.48% jump over its implied value of ₹260.75.
With over 368 crore shares now trading as 'TMCVL,' the company is off to a strong start.
TMCVL leads India's commercial vehicle scene as a market leader and posts healthy profits.
TMCVL's global ambitions
After splitting from Tata Motors on October 1, 2025, TMCVL now focuses fully on trucks, busses, and related businesses.
Shareholders got one new TMCVL share for each Tata Motors share they owned as of October 14, 2025.
The company is also making big moves globally—it's set to buy Iveco Group NV's commercial vehicle division for €3.8 billion, aiming to boost its reach.
The demerger explained
The demerger created two separate companies: TMCVL for commercial vehicles and another for passenger cars, EVs, and Jaguar Land Rover—letting each focus on what they do best.