Tata Motors has announced a major leadership and structural change effective October 1, 2025, aligning with its anticipated demerger into two separate listed entities.
- Shailesh Chandra will be the Managing Director & CEO of the continuing entity, Tata Motors, which will house the Passenger Vehicle (PV), Electric Vehicle (EV), and Jaguar Land Rover (JLR) businesses.
- Girish Wagh will take over as MD & CEO of the new, separately listed Commercial Vehicle (CV) entity, TML Commercial Vehicles Ltd.
- Group CFO P B Balaji will step down on November 17, 2025, to become the CEO of Jaguar Land Rover Automotive Plc, UK.
- Dhiman Gupta will succeed Balaji as the new CFO of the continuing Tata Motors entity from November 17, 2025.
This strategic realignment signals a sharp, independent focus on EV market dominance, commercial vehicle leadership, and global luxury brand expansion (JLR), aiming to unlock significant shareholder value.
A New Era of Leadership at Tata Motors (Key Personnel & Entity Clarifications)
Tata Motors has unveiled a sweeping leadership overhaul ahead of its landmark demerger, effective October 1, 2025. This transition is one of the most significant shifts in the company’s history, directly supporting the strategy for two distinct, focused business entities.
- Shailesh Chandra has been appointed as an Additional Director, Managing Director & Chief Executive Officer of Tata Motors (the entity that will retain the PV, EV, and JLR businesses) for a three-year term (October 1, 2025 – September 30, 2028). He will continue as MD of Tata Passenger Electric Mobility Ltd., cementing his role at the helm of the electrification drive.
- Girish Wagh has resigned as Executive Director of the parent company and will assume the role of MD & CEO of TML Commercial Vehicles, the new, separately listed entity for the CV business, effective October 1, 2025.
- P B Balaji, Group CFO, will step down from his role on November 17, 2025, and transition to the UK to serve as the Chief Executive Officer of Jaguar Land Rover Automotive Plc (JLR).
- Dhiman Gupta, currently CFO of Tata Passenger Electric Mobility Ltd., has been named the new CFO and Key Managerial Personnel (KMP) of the continuing Tata Motors entity, effective November 17, 2025.
Why This Reshuffle Matters: Demerger and Strategic Clarity
This leadership transition is intrinsically linked to Tata Motors’ strategic plan to demerge its Passenger Vehicle (PV) and Commercial Vehicle (CV) businesses into two separately listed companies, a move expected to be legally effective on October 1, 2025 (with operational completion and separate listings targeted for later in FY26).
- Dedicated EV Focus: With Shailesh Chandra leading the PV/EV/JLR entity, Tata Motors triples down on electric mobility. This leverages his proven success in making the Nexon EV and Tigor EV segment leaders, ensuring a sharp, unhindered strategic focus on India’s rapidly growing EV market.
- CV Business Leadership: Girish Wagh’s appointment to head the Commercial Vehicle entity brings dedicated, experienced leadership to a segment where Tata Motors already holds significant market share. This separation is designed to enhance agility in capital allocation and product development for this cyclical yet vital business.
- Global Ambition with JLR: Balaji’s move to JLR as CEO is a powerful signal of the Tata Group’s confidence in Indian leadership steering a global luxury brand through its “Reimagine” electrification strategy, fostering greater synergy and financial discipline.
The Road Ahead: Analysts’ View on Value Creation
Analysts view these leadership changes as a calculated strategy to ensure continuity and sharper execution across both new business verticals. As Tata Motors enters this new phase, balancing domestic leadership with global expansion reshuffling is expected to:
- Accelerate Tata’s EV transition in India, particularly as new models like the Curvv EV enter the market.
- Strengthen Commercial Vehicle market dominance by enabling quicker decision-making and focused investment.
- Expand Tata Group’s global luxury car footprint through closer strategic oversight at JLR, especially as the brand pivots towards an all-electric future.
Industry experts believe this leadership alignment is critical for capitalizing on the rapid transformation in the Indian auto industry, driven by electrification, sustainability goals, and increased international competitiveness, ultimately aiming to unlock substantial value for shareholders in both separately listed entities.
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