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Tata Motors Limited ( (IN:TATAMOTORS) ) has issued an announcement.
Tata Motors Limited has officially changed its name to Tata Motors Passenger Vehicles Limited following a Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal. This change reflects the company’s strategic focus on its passenger vehicles segment, and it involves amendments to the company’s Memorandum and Articles of Association. The company is in the process of updating its name across stock exchanges and other official records, while TML Commercial Vehicles Limited will adopt the name Tata Motors Limited in due course. This rebranding is part of a broader corporate restructuring aimed at enhancing operational efficiency and market positioning.
More about Tata Motors Limited
Tata Motors Limited, now renamed as Tata Motors Passenger Vehicles Limited, is a prominent player in the automotive industry, primarily focusing on the manufacture and sale of passenger vehicles. The company has a significant market presence in India and is part of the larger Tata Group, known for its diverse range of products and services.
Average Trading Volume: 922,834
Technical Sentiment Signal: Sell
Current Market Cap: 2500.4B INR
Learn more about TATAMOTORS stock on TipRanks’ Stock Analysis page.