Overview

• The board appointed PB Balaji as CEO effective November 2025 to succeed Adrian Mardell after his retirement at year-end
• Balaji, Tata Motors’ CFO since 2017 and a JLR board member, emphasized his familiarity with the Reimagine transformation
• He defended the 2024 rebrand’s vibrant visuals and logo removal, citing “exciting response” from customers on the ground
• President Trump’s claim of JLR being in “absolute turmoil” prompted Balaji to point to the company’s competitive performance in a weak global market
• Jaguar has paused production of legacy models to ready its fully electric lineup for a 2026 debut, while U.S. tariffs have dented SUV deliveries and Tata Motors’ profits