New Delhi, Sept. 30 -- Tata Motors share price was trading flat on Tuesday, a day ahead of the company's demerger into separate businesses for passenger and commercial vehicles.

Tata Motors shares opened flat at Rs.672.50 apiece on the BSE, and hit an intraday high of Rs.674.40 apiece, and an intraday low of Rs.666.90 apiece on September 30.

Last year, Tata Motors had approved the demerger of its Commercial Vehicles business into a separate listed entity. Last week, the National Company Law Tribunal (NCLT) had approved Tata Motors demerger plan.

Under the composite scheme of arrangement, Tata Motors' commercial vehicle division will be demerged into TML Commercial Vehicles Limited (TMLCV), while passenger vehicle operations will remain...