Tata Motors Ltd. Latest Updates

Corporate Restructuring and Demerger The company's Composite Scheme of Arrangement to demerge its Commercial Vehicle (CV) and Passenger Vehicle (PV) businesses became effective on October 1, 2025. The existing Tata Motors Limited will be renamed Tata Motors Passenger Vehicles Limited (housing PV, EV, and Jaguar Land Rover), and the demerged entity, TML Commercial Vehicles Ltd., will be renamed Tata Motors Limited (housing the CV business). The record date for determining shareholders eligible for the 1:1 share allotment in the demerged CV entity is set for October 14, 2025. Jaguar Land Rover (JLR) Operational Update JLR, the company's UK-based subsidiary, reported that its wholesale volumes for the second quarter of FY26 were significantly impacted, showing a 24.2% decline year-on-year, primarily due to a cyberattack that caused a production shutdown in early September. The company has since begun a phased restart of its manufacturing operations and announced a new financial scheme to support quicker payments to suppliers. Sales Performance and Electric Vehicles (EVs) Tata Motors recorded its best-ever monthly sales in September, driven by a surge in its domestic passenger vehicle segment. In the electric vehicle space, the company continues its market leadership, with Indian passenger EV sales more than doubling in September compared to the previous year, led by Tata Motors. Management Appointments In line with the demerger, the company has appointed Girish Wagh as the Managing Director and CEO of TML Commercial Vehicles Ltd. (the new CV entity) and Shailesh Chandra as the Managing Director and CEO of Tata Motors Passenger Vehicles Ltd. (the new PV entity), effective from October 1, 2025.