Friday, September 26, 2025

NCLT okays demerger of TaMo's PV, CV units

Tata Motors received NCLT approval for its restructuring plan. This allows the demerger of its passenger and commercial vehicle businesses. The demerger will take effect from October 1. Both entities will be independently listed on stock exchanges. This move aims to unlock value and provide sharper focus. Leadership changes are also part of this strategic overhaul.

from Auto-Industry-Economic Times https://ift.tt/jdTeN0z

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Mahindra XUV 3XO REVX EDGE launched at ₹9.39 lakh; petrol automatic variant added to REVX M(O)

Mahindra has launched the new XUV 3XO REVX EDGE starting at ₹9.39 lakh. A petrol automatic variant of the REVX M(O) was also introduced for ...