Overview

• Tata Motors confirmed its split into separate commercial- and passenger-vehicle companies will become legally effective on October 1 following NCLT-approved orders.
• Shailesh Chandra has been appointed Additional Director, managing director and CEO of the passenger-vehicle company for a three-year term from October 1, and he will continue as MD of Tata Passenger Electric Mobility.
• Girish Wagh will lead TML Commercial Vehicles Ltd. as Additional Director, managing director and CEO effective October 1, heading the demerged commercial-vehicle entity.
• P B Balaji will step down as Group CFO on November 17 to become CEO of Jaguar Land Rover, and Dhiman Gupta will assume the Tata Motors CFO role on the same date.
• Board changes include Hanne Sorensen moving to the JLR board, Kosaraju V. Chowdary and Guenter K. Butschek joining TMLCV’s board, and Sudha Krishnan joining Tata Motors as an independent director from October 1; operational updates such as the record date, share allotment, listings, and planned renaming of the entities will follow.