NSE:TMPV 12 November 2025 - 24 December 2025

Tata Motors Commercial Vehicles shares hit a 52-week high of ₹432 on December 24, extending recent gains after brokerage upgrades and optimism over a medium and heavy commercial vehicle upcycle. Tata Motors Passenger Vehicles drew attention with plans to launch five new EV models by FY30 and invest up to ₹18,000 crore in products and charging infrastructure.

Tata Motors’ demerger took effect 1 October 2025, splitting the stock into Tata Motors Passenger Vehicles (TMPV) and Tata Motors Commercial Vehicles (TMCV). As of 2:08 pm IST on 10 December, TMPV traded near ₹343, down about 53% in six months, with a market cap of ₹1.27 trillion. TMPV’s reported Q2 net profit of ₹76,200 crore was driven by a one-off gain, masking operational losses.

Tata Motors’ demerger took effect in October, splitting into Tata Motors Ltd (TMCV) for commercial vehicles and Tata Motors Passenger Vehicles Ltd (TMPV) for passenger, EV, and Jaguar Land Rover. As of December 1, TMCV trades near ₹358 with a ₹1.30 lakh crore market cap; TMPV trades at ₹360.65, market cap ₹1.33 lakh crore. TMPV’s P/E is 13.1, below the sector average, but analyst ratings remain mixed.