TMCV

** Tata Motors TATM.NS drops about 2% to 315.7 rupees

** India's top commercial vehicles maker reports quarterly loss on one-time charge, excluding which, profit up 57% Y/Y

** Tax cuts, festive buying boost earnings; co also forecast high single-digit pct growth in demand in H2 vs about 3% sales growth in H1

** However, analysts flag market share loss across segments

** Market share loss in light CVs from a high of 40% in FY22 to an all-time low of 27% at present is "particularly worrisome," says Motilal Oswal

** Nuvama expects medium-to-heavy commercial vehicles market share to drop to 45.7% by FY28 from 46.4% in FY25 on increasing competition

** Stock down 5.9% since trading debut on Wednesday

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Nov 13 (Reuters) - India's Tata Motors TATM.NS, the country's top commercial vehicles maker, reported a quarterly loss on Thursday, as it took a one-time impairment charge related to an investment in one of its units.

The maker of Ace mini-truck reported a loss of 1.02 billion rupees ($11.6 million) for the quarter ended September 30, compared with a profit of 6.43 billion rupees a year ago.

The company split from the passenger vehicles business in October, with both businesses now operating independently under the Tata Motors group.

($1 = 87.8950 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; 8800437922;))

** Tata Motors' demerged commercial vehicles unit TATM.NS surges 30.4% to 340 rupees on debut trade

** Stock listed at 335 rupees on NSE vs discovered price of 260.75 rupees

** Tata Motors announced demerger of its passenger, commercial vehicles businesses into two listed firms in March 2024

** Demerger separates Tata Motors' fast-growing passenger vehicle, EV business from more stable, cash-generating CV business, allowing investors to value each on its own strength, says Jahol Prajapati of SAMCO Securities

** Shareholders to get one share of Tata Motors CV for every Tata Motors share

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))