Jaguar Land Rover has named Tata Motors executive P.B. Balaji as its new CEO, replacing Adrian Mardell after he announced his retirement last week.
Balaji has been Tata Motors’ chief financial officer since 2017, and will take over at Jaguar Land Rover in November. Jaguar Land Rover is a subsidiary of Tata Motors.
“It is my privilege to lead this incredible company. Over the past 8 years I have grown to know and love this company and its redoubtable global brands. I look forward to working with the team to take it to even greater heights,” said Balaji.
“The search for a suitable candidate to lead JLR has been undertaken by the Board for the past few months and after careful consideration it was decided to appoint Balaji,” said Tata Motors and chair Natarajan Chandrasekaran. “This move will ensure that we continue to accelerate our journey to Reimagine JLR.”
Mardell said last week that he would retire from Jaguar Land Rover, after three years as CEO and 35 years at the company.
During Mardell’s tenure, Jaguar Land Rover aimed to pivot towards electric vehicles, including the Type 00 concept vehicle unveiled in December. The company hopes to transition Jaguar into an all-electric brand by the end of the decade, as well as offer electric vehicles under its Range Rover, Discovery, and Defender brands.
While new electric Jaguar and Range Rover models were initially set to launch in late 2025, the company has delayed their release until 2026, the Guardian reported last month.
Jaguar Land Rover saw a 15.1% drop in sales in the three months to June this year, after pausing shipments to the United States from April to May amid 25% tariffs on foreign-made vehicles. The U.S. and the United Kingdom have since agreed to lower these tariffs to 10% for 100,000 vehicles each year.
The company also cut around 1.5% of its workforce in the United Kingdom in July.
Tata Motors’ (NSE: TATAMOTORS) share price was IN₹653.55 at the time of writing, down slightly from its previous close at ₹653.60.
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