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Wed, 12 Aug 2026

Wed, 12 Aug 2026 Jaguar Land Rover owner Tata Group's chairman to step down

Chandrasekaran said he would not seek reappointment when his term ends due to a lack of support from the Tata Sons board.

* N Chandrasekaran, chairman of Tata Group, will not seek reappointment when his term ends in February.
* The decision comes after the board of Tata Sons was unable to reach a resolution on a five-year extension of his term.
* Shares of listed Tata companies plunged following the news, and there are questions over what lies ahead for the conglomerate.
* Tensions have been playing out within the group for months due to internal rifts between trustees, including disagreements over board nominations, funding approvals, and public listing.
* The dual non-profit and commercial objectives of the group's charitable arm, Tata Trusts, have led to governance issues in the past.
* Chandrasekaran's resignation comes as the group faces severe business headwinds, including the revival of Air India, which it bought from the Indian government in 2022.
* The group has six months to find a new leader, with many experts predicting that the next chairman will be chosen from within the company.