Tata Motors undergoes management changes ahead of planned demerger

Essentially, Tata Motors now has a triumvirate—Shailesh Chandra as CEO of Tata Motors PV, Girish Wagh as CEO of Tata Motors CV and PB Balaji as JLR CEO.

Updated on: Sep 28, 2025, 19:42:16 IST

By Tushar Deep Singh

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Tata Motors Ltd. has undergone top-level management changes ahead of a planned demerger into two listed companies housing its cars and trucking businesses.

(From left) Tata Motors CV CEO Girish Wagh, JLR CEO PB Balaji and Tata Motors CEO Shailesh Chandra at a launch event in New Delhi. (Tushar Deep Singh/HT)

PB Balaji has resigned as group chief financial officer and key managerial personnel of Tata Motors to take charge as the chief executive officer of Jaguar Land Rover Automotive Plc, according to an exchange filing on Friday. The change is effective 17 November 2025.

At the same time, Shailesh Chandra has been appointed as an additional director, MD & CEO as well as KMP of Tata Motors for a period of three years effective 1 October 2025. He will continue to be the MD of Tata Passenger Electric Mobility Ltd. — the EV unit of the company.

Girish Wagh, meanwhile, has resigned as an executive director and KMP of the company to become the MD and CEO as well as KMP of TML Commercial Vehicles Ltd.—the company proposed to be listed after the demerger. The change is effective 1 October 2025.

Separately, Dhiman Gupta—currently CFO and KMP of Tata Motors EV—will now take charge as CFO and KMP of Tata Motors, effective 17 November 2025.

Essentially, Tata Motors Group now has a triumvirate leading its automotive business—Shailesh Chandra as the CEO of Tata Motors PV, Girish Wagh as the CEO of Tata Motors CV and PB Balaji as JLR CEO.

Other Management Changes

Hanne Sorensen, Kosaraju Veerayya Chowdary and Guenter Karl Butschek have ceased to be independent directors of Tata Motors. Sorensen will continue to be a director on the board of Jaguar Land Rover Automotive Plc. Chowdary and Butschek will join the board of TML Commercial Vehicles. The changes are effective 1 October 2025.

Sudha Krishnan will join the board of Tata Motors as independent director from 1 October.
PB Balaji will join the board of Tata Motors as non-executive director from 17 November 2025.

On Friday, Tata Motors shares rose 1.32% to ₹673.00 apiece on the BSE even as the benchmark S&P BSE Sensex ended the day 0.90% lower at 80,426.46 points.

ABOUT THE AUTHOR
Tushar Deep Singh
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.Read More

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