Tata Motors Changes Name and Transfers Commercial Vehicles Business to New Entity

Pursuant to a Composite Scheme of Arrangement approved by the Board of Directors of Tata Motors Limited and sanctioned by the Hon’ble National Company Law Tribunal, the Commercial Vehicles Business Undertaking of Tata Motors Limited has been demerged and vested into TML Commercial Vehicles Limited. The name of Tata Motors Limited has been changed to Tata Motors Passenger Vehicles Limited, and the name of TML Commercial Vehicles Limited has been changed to Tata Motors Limited. The shareholding of Automobile Corporation of Goa Limited (ACGL) held by the erstwhile Tata Motors Limited has been transferred to the new Tata Motors Limited. The new Tata Motors Limited shall now be the Promoter of Automobile Corporation of Goa Limited in place of the erstwhile Tata Motors Limited.