Jaguar Land Rover appoints Tata executive as new CEO
The Advertisera day ago
Come November 1 PB Balaji will become the first executive from parent company Tata Motors to lead Jaguar Land Rover (JLR).
The automakers confirmed Mr Balaji will replace Adrian Mardell, who announced late last week he would retire by the end of the year.
Mr Balaji has been chief financial officer at Tata Motors, and a JLR board member since 2017. Prior to that he held various senior financial executive roles around the world with food, drink, personal care and household products giant Hindustan Unilever before becoming its CFO in 2014.
Although his listed career history is all within the financial sphere, he has a bachelor of mechanical engineering from the Indian Institute of Technology Madras, and a graduate diploma in management and finance from Indian Institute of Management.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a statement Natarajan Chandrasekaran, chairman of Jaguar Land Rover, as well as the Tata Group, said the board had been doing a candidate search over the last few months and decided on Mr Balaji with Tata Motors for the "past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team". This, he claims, will "will ensure that we continue to accelerate our journey to Reimagine JLR".
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along with Aston Martin, Lincoln and Volvo the British marques were part of the Premier Automotive Group established by Ford's Australian CEO Jacques Nasser in 1999.
With losses piling up at many of the brands, then CEO Alan Mullaly began selling off Ford's collection of luxury brands.
While Jaguar and Land Rover never consistently made money under Ford's ownership, the JLR has been profitable for 10 of its 16 as part of Tata Motors.
Although it has swung back into the black under the leadership of departing CEO Adrian Mardell, the luxury automaker faces storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Come November 1 PB Balaji will become the first executive from parent company Tata Motors to lead Jaguar Land Rover (JLR).
The automakers confirmed Mr Balaji will replace Adrian Mardell, who announced late last week he would retire by the end of the year.
Mr Balaji has been chief financial officer at Tata Motors, and a JLR board member since 2017. Prior to that he held various senior financial executive roles around the world with food, drink, personal care and household products giant Hindustan Unilever before becoming its CFO in 2014.
Although his listed career history is all within the financial sphere, he has a bachelor of mechanical engineering from the Indian Institute of Technology Madras, and a graduate diploma in management and finance from Indian Institute of Management.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a statement Natarajan Chandrasekaran, chairman of Jaguar Land Rover, as well as the Tata Group, said the board had been doing a candidate search over the last few months and decided on Mr Balaji with Tata Motors for the "past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team". This, he claims, will "will ensure that we continue to accelerate our journey to Reimagine JLR".
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along with Aston Martin, Lincoln and Volvo the British marques were part of the Premier Automotive Group established by Ford's Australian CEO Jacques Nasser in 1999.
With losses piling up at many of the brands, then CEO Alan Mullaly began selling off Ford's collection of luxury brands.
While Jaguar and Land Rover never consistently made money under Ford's ownership, the JLR has been profitable for 10 of its 16 as part of Tata Motors.
Although it has swung back into the black under the leadership of departing CEO Adrian Mardell, the luxury automaker faces storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Come November 1 PB Balaji will become the first executive from parent company Tata Motors to lead Jaguar Land Rover (JLR).
The automakers confirmed Mr Balaji will replace Adrian Mardell, who announced late last week he would retire by the end of the year.
Mr Balaji has been chief financial officer at Tata Motors, and a JLR board member since 2017. Prior to that he held various senior financial executive roles around the world with food, drink, personal care and household products giant Hindustan Unilever before becoming its CFO in 2014.
Although his listed career history is all within the financial sphere, he has a bachelor of mechanical engineering from the Indian Institute of Technology Madras, and a graduate diploma in management and finance from Indian Institute of Management.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a statement Natarajan Chandrasekaran, chairman of Jaguar Land Rover, as well as the Tata Group, said the board had been doing a candidate search over the last few months and decided on Mr Balaji with Tata Motors for the "past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team". This, he claims, will "will ensure that we continue to accelerate our journey to Reimagine JLR".
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along with Aston Martin, Lincoln and Volvo the British marques were part of the Premier Automotive Group established by Ford's Australian CEO Jacques Nasser in 1999.
With losses piling up at many of the brands, then CEO Alan Mullaly began selling off Ford's collection of luxury brands.
While Jaguar and Land Rover never consistently made money under Ford's ownership, the JLR has been profitable for 10 of its 16 as part of Tata Motors.
Although it has swung back into the black under the leadership of departing CEO Adrian Mardell, the luxury automaker faces storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Come November 1 PB Balaji will become the first executive from parent company Tata Motors to lead Jaguar Land Rover (JLR).
The automakers confirmed Mr Balaji will replace Adrian Mardell, who announced late last week he would retire by the end of the year.
Mr Balaji has been chief financial officer at Tata Motors, and a JLR board member since 2017. Prior to that he held various senior financial executive roles around the world with food, drink, personal care and household products giant Hindustan Unilever before becoming its CFO in 2014.
Although his listed career history is all within the financial sphere, he has a bachelor of mechanical engineering from the Indian Institute of Technology Madras, and a graduate diploma in management and finance from Indian Institute of Management.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a statement Natarajan Chandrasekaran, chairman of Jaguar Land Rover, as well as the Tata Group, said the board had been doing a candidate search over the last few months and decided on Mr Balaji with Tata Motors for the "past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team". This, he claims, will "will ensure that we continue to accelerate our journey to Reimagine JLR".
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along with Aston Martin, Lincoln and Volvo the British marques were part of the Premier Automotive Group established by Ford's Australian CEO Jacques Nasser in 1999.
With losses piling up at many of the brands, then CEO Alan Mullaly began selling off Ford's collection of luxury brands.
While Jaguar and Land Rover never consistently made money under Ford's ownership, the JLR has been profitable for 10 of its 16 as part of Tata Motors.
Although it has swung back into the black under the leadership of departing CEO Adrian Mardell, the luxury automaker faces storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
The automakers confirmed Mr Balaji will replace Adrian Mardell, who announced late last week he would retire by the end of the year.
Mr Balaji has been chief financial officer at Tata Motors, and a JLR board member since 2017. Prior to that he held various senior financial executive roles around the world with food, drink, personal care and household products giant Hindustan Unilever before becoming its CFO in 2014.
Although his listed career history is all within the financial sphere, he has a bachelor of mechanical engineering from the Indian Institute of Technology Madras, and a graduate diploma in management and finance from Indian Institute of Management.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a statement Natarajan Chandrasekaran, chairman of Jaguar Land Rover, as well as the Tata Group, said the board had been doing a candidate search over the last few months and decided on Mr Balaji with Tata Motors for the "past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team". This, he claims, will "will ensure that we continue to accelerate our journey to Reimagine JLR".
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along with Aston Martin, Lincoln and Volvo the British marques were part of the Premier Automotive Group established by Ford's Australian CEO Jacques Nasser in 1999.
With losses piling up at many of the brands, then CEO Alan Mullaly began selling off Ford's collection of luxury brands.
While Jaguar and Land Rover never consistently made money under Ford's ownership, the JLR has been profitable for 10 of its 16 as part of Tata Motors.
Although it has swung back into the black under the leadership of departing CEO Adrian Mardell, the luxury automaker faces storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Come November 1 PB Balaji will become the first executive from parent company Tata Motors to lead Jaguar Land Rover (JLR).
The automakers confirmed Mr Balaji will replace Adrian Mardell, who announced late last week he would retire by the end of the year.
Mr Balaji has been chief financial officer at Tata Motors, and a JLR board member since 2017. Prior to that he held various senior financial executive roles around the world with food, drink, personal care and household products giant Hindustan Unilever before becoming its CFO in 2014.
Although his listed career history is all within the financial sphere, he has a bachelor of mechanical engineering from the Indian Institute of Technology Madras, and a graduate diploma in management and finance from Indian Institute of Management.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a statement Natarajan Chandrasekaran, chairman of Jaguar Land Rover, as well as the Tata Group, said the board had been doing a candidate search over the last few months and decided on Mr Balaji with Tata Motors for the "past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team". This, he claims, will "will ensure that we continue to accelerate our journey to Reimagine JLR".
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along with Aston Martin, Lincoln and Volvo the British marques were part of the Premier Automotive Group established by Ford's Australian CEO Jacques Nasser in 1999.
With losses piling up at many of the brands, then CEO Alan Mullaly began selling off Ford's collection of luxury brands.
While Jaguar and Land Rover never consistently made money under Ford's ownership, the JLR has been profitable for 10 of its 16 as part of Tata Motors.
Although it has swung back into the black under the leadership of departing CEO Adrian Mardell, the luxury automaker faces storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Come November 1 PB Balaji will become the first executive from parent company Tata Motors to lead Jaguar Land Rover (JLR).
The automakers confirmed Mr Balaji will replace Adrian Mardell, who announced late last week he would retire by the end of the year.
Mr Balaji has been chief financial officer at Tata Motors, and a JLR board member since 2017. Prior to that he held various senior financial executive roles around the world with food, drink, personal care and household products giant Hindustan Unilever before becoming its CFO in 2014.
Although his listed career history is all within the financial sphere, he has a bachelor of mechanical engineering from the Indian Institute of Technology Madras, and a graduate diploma in management and finance from Indian Institute of Management.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a statement Natarajan Chandrasekaran, chairman of Jaguar Land Rover, as well as the Tata Group, said the board had been doing a candidate search over the last few months and decided on Mr Balaji with Tata Motors for the "past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team". This, he claims, will "will ensure that we continue to accelerate our journey to Reimagine JLR".
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along with Aston Martin, Lincoln and Volvo the British marques were part of the Premier Automotive Group established by Ford's Australian CEO Jacques Nasser in 1999.
With losses piling up at many of the brands, then CEO Alan Mullaly began selling off Ford's collection of luxury brands.
While Jaguar and Land Rover never consistently made money under Ford's ownership, the JLR has been profitable for 10 of its 16 as part of Tata Motors.
Although it has swung back into the black under the leadership of departing CEO Adrian Mardell, the luxury automaker faces storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Come November 1 PB Balaji will become the first executive from parent company Tata Motors to lead Jaguar Land Rover (JLR).
The automakers confirmed Mr Balaji will replace Adrian Mardell, who announced late last week he would retire by the end of the year.
Mr Balaji has been chief financial officer at Tata Motors, and a JLR board member since 2017. Prior to that he held various senior financial executive roles around the world with food, drink, personal care and household products giant Hindustan Unilever before becoming its CFO in 2014.
Although his listed career history is all within the financial sphere, he has a bachelor of mechanical engineering from the Indian Institute of Technology Madras, and a graduate diploma in management and finance from Indian Institute of Management.
CarExpert can save you thousands on a new car. Click here to get a great deal.
In a statement Natarajan Chandrasekaran, chairman of Jaguar Land Rover, as well as the Tata Group, said the board had been doing a candidate search over the last few months and decided on Mr Balaji with Tata Motors for the "past many years and is familiar with the Company, its strategy and has been working with the JLR leadership team". This, he claims, will "will ensure that we continue to accelerate our journey to Reimagine JLR".
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along with Aston Martin, Lincoln and Volvo the British marques were part of the Premier Automotive Group established by Ford's Australian CEO Jacques Nasser in 1999.
With losses piling up at many of the brands, then CEO Alan Mullaly began selling off Ford's collection of luxury brands.
While Jaguar and Land Rover never consistently made money under Ford's ownership, the JLR has been profitable for 10 of its 16 as part of Tata Motors.
Although it has swung back into the black under the leadership of departing CEO Adrian Mardell, the luxury automaker faces storm clouds on the horizon. Tariffs, which have seemingly been rising and falling on a daily basis in the US, caused the manufacturer to pause shipments to one of its more important export markets.
While many countries are now slapped with a 25 per cent or higher tariff, there's now an agreement with the UK, which sees the first 100,000 cars per year from Britain taxed at just 10 per cent. A deal with the EU for a 10 per cent tariff is nearly complete, which will come as a relief to JLR as the Defender is produced in Slovakia.
On top of this, Jaguar's new brand identity and design direction, as previewed by the Type 00 concept, has garnered plenty of attention and caused much gnashing of teeth on the internet. With three production cars set to launch from 2026, it remains to be seen whether the marque's relaunch will be successful, both critically and financially.
MORE: Everything Land Rover
Content originally sourced from: CarExpert.com.au
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Age
19 minutes ago
- The Age
Gold miners, CBA drive market to record high; ASX makes TPG bungle
Welcome to your five-minute recap of the trading day. The numbers The S&P/ASX 200 hit a record intraday peak of 8848.8 points before settling at its highest-ever close of 8843.7, up 73.3 points, or 0.8 per cent for the day. Ten of the 11 sectors finished in the green, with utilities lower. The broader All Ordinaries rose 78.3 points, or 0.9 per cent, also to a record-high close of 9107.1, after hitting a peak of 9115.4 during the session. The Australian dollar is higher against most major currencies, buying US64.88¢, up from US64.60¢ on Tuesday at 5pm. The lifters Energy and materials stocks led the gains, with gold miners Northern Star (up 5 per cent), Newmont (up 2.2 per cent) and Evolution Mining (up 1.9 per cent) jumping as the price of the haven asset rose overnight. Fortescue (up 1.3 per cent), Rio Tinto (up 1 per cent) and BHP (up 0.3 per cent) were all ahead. Woodside and Santos each added 1.3 per cent, Yancoal jumped 2.5 per cent and Ampol was 0.3 per cent higher. Financial stocks were stronger. Australia's most valuable company and the world's most expensive bank stock CBA led the big four, up 1 per cent to $174. Westpac gained 0.7 per cent while ANZ gained 0.1 per cent and NAB added 0.5 per cent. Rupert Murdoch's News Corp added 7.2 per cent after the media giant reported a growth in revenue in its full-year earnings, released after the closing bell on Wall Street. Its ASX-listed digital real estate business, REA Group, jumped 7 per cent as it reported record figures, after higher listing prices helped drive a 23 per cent lift in net profit after tax.
Sky News AU
38 minutes ago
- Sky News AU
Ethereum the most popular category of ETFs in Australia after 57 per cent surge in July, while Bitcoin rises by 12 per cent
Bitcoin's growth was eclipsed by rival decentralised blockchain Ethereum in July as enthusiasm for exchange-traded funds surged among Australian traders. Global X on Thursday said it had posted its strongest month of flows on record in July, attracting $370 million in net inflows, with a significant amount going to US assets. The company's Senior Product and Investment Strategist Marc Jocum said confidence in US exceptionalism and artificial intelligence were two of the trend's key drivers. Ethereum, one of Bitcoin's main rivals, grew by 57 per cent in July, making it the best performing ETF on the Australian market. Bitcoin rose by 12 per cent during the same time period. In the US in July, Bitcoin ETFs experienced $6.3 billion in flows. Ethereum ETFs had flows of $5.5 billion.
Sky News AU
38 minutes ago
- Sky News AU
ASX makes $410 million mistake
The Australian Stock Exchange is under fire for a $410 million mistake. When processing a market announcement, a market operator confused telco giant and Vodafone owner TPG Telecom with TPG Capital. The ASX incorrectly announced that TPG Telecom was buying Australian software provider 'Infomedia', whereas it was private equity group TPG Capital Asia making the acquisition. Naming the wrong company turned out to be a $410 million blunder as TPG Telecom stocks dropped four per cent.
