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.

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.

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.