Tata Motors announces leadership transition amid demerger plans

Tata Motors announced major leadership changes as it prepares to demerge its commercial vehicle business into TML Commercial Vehicles Ltd, effective October 1, 2025

Tata Motors on Friday announced a series of high-profile leadership changes as it prepares to demerge its commercial vehicle business into a new listed entity, TML Commercial Vehicles Limited (TMLCV), effective October 1, 2025. 

At the center of the transition are three key moves Girish Wagh, Executive Director and Key Managerial Personnel (KMP) of Tata Motors, has resigned from his role effective October 1, 2025. He will take charge as Managing Director & CEO of TMLCV, the new entity carved out to house the commercial vehicle business. 

Shailesh Chandra who currently heads Tata Passenger Electric Mobility, has been appointed as Managing Director & CEO of Tata Motors for a three-year term beginning October 1, 2025. Chandra will oversee the company’s passenger and electric vehicle businesses, marking a clear strategic focus on electrification and growth in the consumer segment. 

 

P B Balaji, group chief financial officer (CFO) and KMP, will step down on November 17, 2025, to become CEO of Jaguar Land Rover Automotive Plc, UK. He will join Tata Motors’ Board as a non-executive, non-independent director on the same day. He would be on the boards of both the passenger and commercial vehicle units (TMLCV).  The company also confirmed that Dhiman Gupta will succeed Balaji as Chief Financial Officer and KMP from November 17.These changes come as Tata Motors aligns leadership with its new corporate structure, following the approval of a Composite Scheme of Arrangement by the National Company Law Tribunal. The demerger will give Tata Motors shareholders one equity share of TMLCV for every one equity share held in Tata Motors. The leadership shuffle is done to give sharper management focus to each of its core verticals commercial vehicles, passenger cars, and electric mobility while strengthening synergies with Jaguar Land Rover.