Tata Motors Demerger on Track for Q2 FY2026, New CV Company Listing Expected in CY25

is advancing its demerger plan, with HDFC Securities projecting National Company Law Tribunal (NCLT) approval by August or September 2025 (Q2 FY2026). The brokerage, in its latest research report following Tata Motors' investor day on June 9, 2025, anticipates the listing and trading of the new commercial vehicle (CV) company to follow in CY25. The demerger, first announced in March 2025 and approved by the board in August, received shareholder approval on May 6, 2025, after the Mumbai bench of NCLT ordered a shareholders' meeting. HDFC Securities also highlighted that Tata Motors plans to prioritize dividend payouts moving forward, signaling a focus on shareholder value.