Tata Motors’ demerger has spotlighted its newly separated commercial vehicle arm (TMLCV), valued at around Rs 260.75 per share. Shareholders will receive one TMLCV share for each existing TMPV share. Analysts say the move improves visibility and independent valuation, with TMPV supported by JLR profitability and new model launches, while TMLCV benefits from planned acquisitions and a robust order pipeline.