Jaguar Land Rover announces the new CEO who will replace the retiring Adrian Mardell is the chief financial officer of its Indian parent company, Tata Motors.
P.B. Balaji, who calls his new role as leader of JLR “a privilege,” will take on the position in November and his appointment is seen as Tata securing greater control over its “golden goose” that provides the bulk of its profits.
Latest company revenues reported for the financial year ending March 31, 2025, show JLR brought in more than £28.9 billion ($38.4 billion) of the company’s overall revenues of £37.7 billion ($50 billion).
Most of JLR’s revenues have come from its Range Rover and Defender SUV models’ success in key markets like the U.S., where they now face bigger import duties despite the trade deal struck between the U.S and U.K. governments.
A graduate mechanical engineer, Balaji claims 32 years of experience in the automotive and consumer goods industries across finance and supply chain functions.
JLR says he has led large, diverse, global teams in multicultural environments out of Mumbai, London, Singapore and Switzerland, and is closely associated with the successful transformation at the Tata Motors Group.
He has been its chief financial officer since 2017.
