Tata Motors has reached a significant milestone with the official listing of its commercial vehicle (CV) division, marking the dedication of over a decade to restructure its operations. N Chandrasekaran, the chairman of Tata Motors, emphasized that this step is part of a strategic plan aimed at transforming the company into two independent, robust entities focused on distinct markets. This transformation, which began around 2017-2018, intended to enhance the operations of both the CV and passenger vehicle (PV) divisions, ensuring that they operate independently and effectively. Historically, the CV segment had been a major contributor to the financial stability of Tata Motors, often supporting the passenger vehicle division. The demerger was driven by the necessity to make both segments strong and self-sufficient, with Chandrasekaran mentioning that a comprehensive restructuring had taken place. The company created distinct engineering, technology teams, and customer bases for each division, facilitating more efficient operations. While the Covid-19 pandemic posed challenges, Tata Motors successfully regained momentum and moved forward to achieve this milestone. In the recent quarter, Tata Motors Commercial Vehicles reported a revenue of ₹17,000 crore with an EBITDA margin of 12.2%. As the newly listed entity, the company now has about seven million shareholders, emphasizing strong governance. Girish Wagh, CEO of Tata Motors Commercial Vehicles, expressed the company’s commitment to further growth and innovation, particularly in the context of its proposed acquisition of Iveco, which is expected to position the company as the fourth largest global player. This acquisition has recently received conditional approval, demonstrating confident expectations for the future of the CV division as it embarks on an independent journey.