Tata Motors Limited has informed the Exchange regarding Appointment of Mr Shailesh Chandra as Additional Director, Managing Director & CEO as well as KMP of the company w.e.f. October 01, 2025, subject to the approval of the shareholders of the Company.

Cfo ResignedMultiple Ind Directors ResignedKmp ResignedManagement Changes View source PDF Explain this filing

TMPV · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.0%Reaction day

₹673.95

prior close

₹684.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.1%-0.1% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-0.0%+0.0% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty 100 and in line with its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-0.8

15m

-0.7

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.1-0.1-0.0+0.0

Next day

+1.3+0.0+1.2-1.0+2.3

+6.5+0.9+5.7-1.2+7.7

+6.2+1.1+5.1-1.7+8.0

+5.8+1.8+4.0-2.0+7.8

+3.6+1.9+1.7-2.5+6.1

+1.6+2.1-0.6-2.7+4.3

15d

-40.5+4.7-45.2-3.2-37.3

-38.9+5.5-44.4-3.2-35.7

-46.1+5.7-51.7-5.3-40.8

-46.7+4.7-51.5-2.8-43.9

UpDownMarket · Nifty 100Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Tata Motors has announced a major overhaul of its Board and Key Managerial Personnel linked to the Composite Scheme of Arrangement approved by NCLT, which splits the company into two listed entities—one housing the Commercial Vehicles business and the other the Passenger Vehicles business. Three Independent Directors (Ms Hanne Sorensen, Mr Kosaraju Chowdary, Mr Guenter Butschek) are stepping down, with the latter two moving to the board of the new CV entity (TML Commercial Vehicles). Ms Sudha Krishnan joins as a new Independent Director for a 5-year term. Mr Shailesh Chandra is appointed as Managing Director & CEO for 3 years, while Mr Girish Wagh resigns as Executive Director to head the CV entity. Additionally, Group CFO Mr P B Balaji will resign effective November 17, 2025 to become CEO of Jaguar Land Rover UK, with Mr Dhiman Gupta taking over as the new CFO.

Likely market impact

This is a major structural reset for Tata Motors shareholders, with the company being renamed to Tata Motors Passenger Vehicles Limited on October 1, 2025. Existing shareholders will receive 1 share of the new CV entity (to be renamed Tata Motors Limited) for every share held. The new leadership team is internally groomed, which should ensure continuity, though investors will closely watch the new CEO and CFO as they take charge of the streamlined passenger vehicles business.