Tata Motors Passenger Vhcls Ltd Shareholders received a 1:1 split in ownership

Shareholders received a 1:1 split in ownership, meaning for every Tata Motors share held, shareholders now own one share in TMPV and will receive one in Tata Motors Commercial Vehicles when it lists in November. The restructuring also brought leadership changes: Shailesh Chandra is now MD & CEO of TMPV, overseeing both the passenger car and EV business, including JLR; Girish Wagh leads the commercial vehicles unit, and PB Balaji will move up as CEO of Jaguar Land Rover in November.