Tata Motors to demerge into two firms to sharpen focus on passenger, EV segments

Tata Motors to demerge into two firms to sharpen focus on passenger, EV segments

Tata logos are seen at their flagship showroom before the announcement of their Q3 results in Mumbai February 14, 2013. REUTERS/Vivek Prakash/Files

Indian automaker Tata Motors plans to demerge into two separate listed companies to refine focus on the passenger and electric vehicle segments, it said in an exchange filing on Monday.