New Delhi, Oct. 8 -- Tata Motors Ltd is gearing up for its long-awaited demerger. The automaker has set 14 October as the record date, when existing shareholders will receive one share of the newly formed TML Commercial Vehicles (TMLCV) for every Tata Motors share they hold. TMLCV will be listed separately, while the parent company will retain its passenger vehicle (PV) and electric vehicle businesses, including Jaguar Land Rover (JLR), and will be renamed Tata Motors Passenger Vehicles Ltd.

For investors, the key question now is whether the combined market value of the two entities-TMLCV and the passenger vehicle business-will exceed Tata Motors' current market capitalization, especially considering the dismal performance of JLR.

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