Tata Motors Ltd revealed a significant reorganization of its senior leadership as the company gears up to split its commercial and passenger vehicle operations into separate publicly traded companies. The automotive manufacturer has designated Shailesh Chandra to serve as chief executive officer and managing director beginning in April 2026, and has selected Dhiman Gupta as the incoming chief financial officer.

These leadership modifications followed shortly after the National Company Law Tribunal (NCLT) granted approval for Tata Motors' comprehensive restructuring plan. The reorganization entails spinning off the commercial vehicles segment into Tata Motors Commercial Vehicles Ltd (TMLCV) while incorporating TML Business Analytics Services Ltd (TMLBASL) into the main Tata Motors entity.

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Chandra currently holds the position of joint Managing Director overseeing both Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited. He became part of Tata Motors Limited in April 2016, initially serving as Head of Corporate Strategy and Business Transformation before advancing to President of Electric Mobility Business and Corporate Strategy.

Before his tenure at Tata Motors Limited, Chandra worked with Tata Sons Limited from September 2013 through March 2016, holding roles as General Manager for Group Strategy and Assistant Vice President in the Group Chairman's Office. Chandra currently holds Non-Executive Director positions on several boards, including Tata Technologies Limited, Fiat India Automobiles Private Limited, and international companies such as Trilix S.r.l. in Italy and Tata Motors Design Tech Centre Plc in the United Kingdom.

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Chandra earned his bachelor's degree in mechanical engineering technology from Banaras Hindu University and completed an executive master's degree in business administration at S.P. Jain Institute of Management and Research.

Following the demerger, Girish Wagh, who serves as executive director at Tata Motors, will assume the position of executive director and CEO of TMLCV, according to the company's announcement.

Chandra, who presently heads Tata Passenger Electric Mobility Ltd, the electric vehicle division and fully owned subsidiary of the automotive manufacturer, will retain that position while taking on these additional duties.

 

In a separate development, Tata Motors has also announced that P B Balaji has stepped down from his roles as Group Chief Financial Officer and Key Managerial Personnel, with his departure taking effect on November 17, 2025. Balaji will assume the CEO position at Jaguar Land Rover (JLR) in the United Kingdom.

According to Tata Motors Chairman N. Chandrasekaran, this strategic reorganization will provide both business units with "enhanced focus, increased flexibility, and stronger customer orientation," thereby boosting shareholder returns and creating additional opportunities for employees.

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The organization stated that this restructuring initiative aims to enhance strategic concentration, optimize capital distribution, and release sustained shareholder value.