Tata Motors Limited (BSE:500570) is restructuring its commercial vehicle (CV) business with set financial metrics for each of the eight sub-segments ahead of a planned public listing in the next financial year, said a senior company executive. The move tracks the automaker's efforts to demerge the passenger and commercial vehicle businesses into two separate entities first announced in August last year. "The separation has enabled the business to chart its independent territory and reach its own aspirations," Girish Wagh, executive director, Tata Motors told ET.

He said the restructuring exercise - which received critical inputs from N Chandrasekaran, chairman, Tata Motors, and chairman, Tata Sons - is likely to be completed ahead of the listing of the CV entity. The exercise is nearing completion and it will help the CV business achieve more resilient financial outcomes through the cyclical swing characteristic of the truck business, said Wagh. "Due to the behaviour of the market and customers, and also because of some of the areas that Tata Motors has entered, we have identified eight sub-segments within the CV business.

Each of these are now operating independently," noted Wagh.