Tata Motors says commercial vehicles unit to be renamed as Tata Motors Limited

Tata Motors is undergoing a significant restructuring. TML Commercial Vehicles Limited will become Tata Motors Limited. This change is part of a larger scheme of arrangement. The commercial vehicles business is being demerged. The passenger vehicle arm is merging into the parent company. Shareholders will receive new shares in TMLCV. The stock exchange listing will follow.

from Auto-Industry-Economic Times https://ift.tt/Gh5n87w