PB Balaji, CFO, Tata Motors
| Photo Credit:
KSL
Tata Motors Chief Financial Officer PB Balaji, who takes over as the chief executive officer of Jaguar Land Rover from November 2025, will be helming the luxury car maker at a critical time when the global economy is gripped with an uncertain trade environment.
The UK-based subsidiary of Tata Motors has forecast muted growth in the current fiscal year and projected near-zero cash flows. In the first quarter of FY26, its global wholesales were 11 per cent lower than the year-ago period. It is facing demand headwinds from China, a key market and challenges in the transition to electric vehicles.
Balaji, a mechanical engineer graduate from IIT Chennai and a post-graduate management diploma holder from IIM Kolkata, will be the fifth CEO and first Indian to head JLR after it came into the Tata Motors fold in 2008.
“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. He has been associated with the Company for the past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team. This move will ensure that we continue to accelerate our journey to Reimagine JLR,” said Tata Sons chairman N Chandrasekaran in a statement while making the announcement.
In 2017, Balaji joined the Tata Motors group as its CFO, replacing one of the longest-serving finance heads in the company, CR Ramakrishnan.
He worked in the Unilever group for several years in various roles, including supply chain and finance functions, across geographies including Asia, Switzerland, the UK and India.
He joined Hindustan Unilever as a management trainee in 1993 and rose to vice-president, finance for the home and personal care business. He moved to Unilever in 2011, was vice-president, treasury in Singapore and then group chief accountant in London.
Before joining Tata Motors, he was the CFO at Hindustan Unilever for over three years.
Published on August 5, 2025
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