Tata Motors' financial chief PB Balaji is set to take over the position of Jaguar Land Rover (JLR) CEO from Adrian Mardell.
Effective November 2025, PB Balaji will become the new CEO of Jaguar Land Rover (JLR), marking a significant milestone as the first Indian to lead the British luxury carmaker. Balaji, who has been Group Chief Financial Officer (CFO) of Tata Motors since November 2017, brings extensive experience in the automotive and consumer industries, particularly in finance and supply chain functions.
Balaji's association with JLR dates back to many years, and his familiarity with the company's strategy will undoubtedly prove beneficial in his new role. He has been credited with significantly contributing to Jaguar Land Rover’s financial turnaround between fiscal years 2019 and 2025.
Adrian Mardell, the current CEO of JLR, is retiring after 35 years with the company. Mardell's tenure as CEO was marked by the successful transformation of the company, and he led JLR through one of the most transformative periods in the histories of the Jaguar and Land Rover brands. Under his leadership, JLR delivered record results, and his contributions to the company will be remembered.
Balaji expressed his privilege to lead JLR and his eagerness to take the company to greater heights. He thanked Adrian Mardell for his immense contributions and wished him well for his next endeavors. Natarajan Chandrasekaran, Tata chairman, also thanked Adrian Mardell for the stellar turnaround of JLR and delivering record results.
The appointment of Balaji as CEO was planned for some time, as JLR had been searching for a replacement for the past few months. The incoming CEO, Balaji, has been working closely with the JLR leadership team to ensure a smooth transition.
It is worth noting that Agratas, a company with which Balaji is also associated, is building a battery factory in Somerset, which will partly supply JLR EVs. This collaboration is set to further strengthen the company's electric vehicle portfolio.
JLR has announced that Balaji will become its new CEO from November. As Balaji steps into the role, he will lead JLR into a new era, building upon the foundation laid by his predecessor. His extensive experience and familiarity with the company make him well-suited to navigate the challenges and opportunities that lie ahead.
[1] Tata Motors announces PB Balaji as new Group CFO, replaces C Ramakrishnan. (2017, November 1). The Hindu. https://www.thehindu.com/business/Auto/tata-motors-announces-pb-balaji-as-new-group-cfo-replaces-c-ramakrishnan/article19941569.ece
[2] Tata Motors announces Balaji as new Group CFO. (2017, November 1). The Economic Times. https://economictimes.indiatimes.com/industry/auto/auto-news/tata-motors-announces-balaji-as-new-group-cfo/articleshow/61402492.cms
[3] Jaguar Land Rover announces new CEO: PB Balaji. (2025, October 1). The Guardian. https://www.theguardian.com/business/2025/oct/01/jaguar-land-rover-announces-new-ceo-pb-balaji
[4] Jaguar Land Rover announces PB Balaji as the new CEO. (2025, October 1). The Telegraph. https://www.telegraph.co.uk/business/2025/10/01/jaguar-land-rover-announces-pb-balaji-new-ceo/
- In his new role as CEO of Jaguar Land Rover (JLR), Balaji, who previously served as Group CFO of Tata Motors, will leverage his extensive experience in both the automotive and consumer industries, specifically in finance and supply chain functions, to navigate the challenges and opportunities that lie ahead.
- As JLR transitions into a new era, with Balaji taking over as CEO, his familiarity with the company's strategy, coupled with his significant contributions to JLR’s financial turnaround, position him well to further strengthen JLR's business in the finance, transportation, and automotive industries.
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