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Chandra was in Tata Sons from 2013 to 2016 before joining Tata Motors.
Tata Motors on Friday announced several major changes in its top level leadership. The company has made Shailesh Chandra a new MD and CEO. At the same time, the current Chief Financial Officer (CFO) of the group will be the new CEO of PB Balaji JLR Automotive. Both officers will take over their responsibility from 1 October.
PB Balaji has resigned and he will step down on 17 November. After PB’s departure, Dhiman Gupta has been appointed as the new CFO of Tata Motors, which will be effective from 17 November. The company has given information about this change in management in exchange filing today i.e. on Friday 26 September.
Shailesh Chandra: Role in shaping electric mobility strategy
Shailesh Chandra is currently the joint MD of Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited.
Shailesh has played an important role in shaping the company’s electric mobility strategy. He joined Tata Motors as a head of corporate strategy and business transformation in 2016. Later became President of Electric Mobility Business.
Chandra was in Tata Sons from 2013 to 2016 before joining Tata Motors. Where he worked in Group Strategy and Chairman Office. Shailesh Chandra has managed from Banaras Hindu University in Mechanical Engineering from B.Tech and SP Jain Institute of Management and Research.
Chandra Tata Technologies, Fiat India Automobiles and Foreign Units such as Trillix SRL Italy and Tata Motors Design Tech Center PLC have also worked as a non-college director in the UK board.
P.B. Balaji: JLR will be the new CEO of automotive
Balaji worked with Unilever in several senior positions of finance and supply chains in London, Singapore and Switzerland.
The current CFO of Tata Motors, Pathamdai Balachandran Balaji was a group CFO from November 2017. During his eight -year tenure, Balaji played an important role in the company’s financial restructuring and transformation.
Balaji has worked in Hindustan Unilever Limited (HUL) for more than 20 years. At the same time, he worked as Executive Director and CFO of Finance & It. In 1993, the management started as a trainee.
Dhiman Gupta: Many big responsibility with new CFO
Dhiman Gupta has done B.Tech in Mechanical Engineering from IIT Kharagpur and MBA from IIM Ahmedabad.
Dhiman Gupta is currently the Chief Financial Officer of Tata Passenger Electric Mobility Limited. Gupta joined Treasury, Investor Relations and M&A head in August 2023. Earlier, he worked at the Standard Chartered Bank for over 15 years of mergers and acquisitions.
Along with the responsibilities of the new CFO, he will also continue to work as a non-college director at Tata Motors Passenger Vehicles Limited, Fiat India Automobiles and Tata Motors Design Tech Center, UK Board.
Tata Motors profit down by 30% to ₹ 3,924 crore
Tata Motors received a net profit of Rs 3,924 crore in the first quarter of FY 2025-26. It is 30% less on an annual basis. The company’s profit was Rs 5,643 crore in the same quarter of a year ago.
The company’s revenue was Rs 1.04 lakh crore due to the operation in the April-June quarter. Tata Motors generated a revenue of Rs 1.07 lakh crore in the same quarter of a year ago. It has decreased by 2.51% on an annual basis.
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Tata vehicles will be cheaper by ₹ 1.55 lakh: Impact of change in GST rates; New prices will be implemented from 22 September
Tata Motors has announced to reduce the price of its vehicles. According to the Economic Times report, from September 22, Tata vehicles will be cheaper from Rs 65,000 to Rs 1.55 lakh.
The company has taken this decision after approving changes in GST rates. On September 3, the GST Council reduced the tax on small cars from 28% to 18%.
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