Tata Motors on Friday named Shailesh Chandra as chief executive officer and managing director, effective April 2026, and appointed Dhiman Gupta as chief financial officer, as India’s largest automaker by revenue prepares to spin off its commercial and passenger vehicle businesses into separate listed entities.
The leadership reshuffle follows the National Company Law Tribunal’s approval of Tata Motors’ composite scheme of arrangement, under which the company will demerge its commercial vehicle operations into Tata Motors Commercial Vehicles Ltd (TMLCV) and merge TML Business Analytics Services Ltd (TMLBASL) into Tata Motors.
Chandra, who currently heads the automaker’s passenger vehicle and electric mobility units, will continue as managing director of Tata Passenger Electric Mobility Ltd, the wholly owned EV subsidiary. Girish Wagh, currently an executive director, will become executive director and CEO of TMLCV once the demerger is completed, Tata Motors said.
Separately, the company said P.B. Balaji has resigned as group chief financial officer and key managerial personnel, effective Nov. 17, 2025. Gupta will take over the finance role as part of the restructuring.
Tata Motors said the reorganisation is intended to sharpen strategic focus, improve capital allocation and unlock shareholder value. The management changes also come as its UK unit, Jaguar Land Rover, faces extended factory closures following a cyberattack that has disrupted production and left some smaller suppliers struggling.
