After finalizing its demerger, Tata Motors is expected to list Tata Motors Commercial Vehicles Ltd (TMLCV) by the end of October 2025. Investors received one TMLCV share for every Tata Motors share as of Oct 14 record date. Analysts peg potential market cap near ₹85,000 crore if valued around ₹260 per share. The separation aims to sharpen strategic focus between commercial and passenger vehicles. Analysts expect liquidity benefits and index inclusion once trading begins. Management eyes improved capital allocation and profitability disclosure per segment.