Tata Motors Gets New CEO in Shailesh Chandra
Currently the JMD at Tata Motors' passenger vehicles and passenger electric mobility businesses, Chandra’s appointment comes post JLR’s hacking incident.
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[Image source: Pankaj Kirdatt/MITSMR India]
Tata Group’s flagship automotive division, Tata Motors, has appointed Shailesh Chandra as the managing director and CEO. The leadership change comes at a time when the automotive giant is facing disruptions due to a major hacking incident at Jaguar Land Rover (JLR).
On August 31, the UK’s largest automaker, a Tata Motors subsidiary, JLR, was hit by a cyberattack, forcing it to shut down three manufacturing factories and its IT systems. BBC reports that this halt could cost up to £50 million per week, with the automaker’s suspension of production affecting its plants in China, Slovakia, India, and Brazil.
Recently, the UK government announced that it would underwrite a £1.5bn loan guarantee to JLR to bring it back on track, with Business Secretary Peter Kyle stating the commercial loan would protect jobs in the West Midlands, Merseyside, and across the UK.
Chandra will be replacing PB Balaji, whose appointment was announced back in August, as the MD and CEO of the company from October 1, for a period of three years, until 2028.
Additionally, Tata Motors has appointed Dhiman Gupta as the CFO. The appointments were announced via a regulatory filing by Tata Motors to NSE and BSE.
An alumnus of Banaras Hindu University and S.P. Jain Institute of Management and Research, Chandra has been associated with the Tata Group—in the form of Tata Motors and Tata Sons—since 1995, when he joined as a manager in production. Currently, he serves as the joint managing director at Tata Motors’ passenger vehicles and passenger electric mobility businesses.
“Mr Chandra shall continue to be the Managing Director of Tata Passenger Electric Mobility Limited, the electric vehicle entity and wholly owned subsidiary of the Company,” the filing read.
He was appointed as the Divisional Manager at Telco/Tata Motors in 2003 and as the Deputy General Manager at the company’s Vice Chairman’s Office in 2012. Chandra had a short stint with Tata Sons Limited in 2013 and was appointed as the Assistant Vice President at the Group Chairman’s Office of the company in 2015.
He returned to Tata Motors in 2016 as the head of corporate strategy and business administration, and held various roles in the company, including President of the Passenger Vehicles Unit and the Electric Mobility Business.
