Tata Motors Limited has informed the Exchange about General Updates
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Tata Motors has informed exchanges that the Board of Jaguar Land Rover (JLR), its UK-based material subsidiary, has approved a change in CEO. Current JLR CEO Mr. Adrian Mardell will retire upon completion of his contract on December 31, 2025, after 3 years as CEO and 35 years with the company. Mr. P B Balaji, currently the Group CFO of Tata Motors Group since November 2017, will take over as JLR CEO from November 17, 2025. Balaji is a 32-year industry veteran with a B.Tech from IIT-Chennai and PGDM from IIM-Kolkata, having led global teams across finance and supply chain. Mardell will stay on through the transition period to hand over responsibilities.
Positive for continuity — the successor is an internal Tata Group insider already familiar with JLR's strategy and leadership team, reducing transition risk. Investors should watch for a likely vacancy at the Group CFO position, since Balaji currently holds that role. JLR is a key profit driver for Tata Motors, and smooth leadership continuity supports the ongoing 'Reimagine JLR' strategy.