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News Topical, Digital Desk : Tata Motors, a Tata Group automobile company, announced after the stock market closed on Friday that Shailesh Chandra has been appointed the company's Chief Executive Officer (CEO) and Managing Director (MD). Shailesh Chandra's appointment will be effective April 2026. The company has also appointed Dhiman Gupta as its new Chief Financial Officer (CFO).
The company stated that Group CFO P.B. Balaji has resigned, effective November 17th. On November 17th, P.B. Balaji will take over as CEO of JLR Automotive in the UK. This move comes as Tata Motors prepares to split its commercial and passenger vehicle businesses into separate listed entities. The appointment follows the National Company Law Tribunal (NCLT) approval of Tata Motors' composite scheme of arrangement.
Under this scheme, the company will demerge its commercial vehicle business into Tata Motors Commercial Vehicles Ltd (TMLCV) and TML Business Analytics Services Ltd (TMLBASL) will be merged into Tata Motors. The company stated that Girish Wagh, currently serving as Executive Director, will assume the positions of CEO and Executive Director of TMLCV following the demerger. Tata Motors stated that this restructuring will help the company strengthen its strategic focus, improve capital allocation, and unlock value for shareholders.
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