Tata Motors has appointed Tata group chief designate N Chandrasekaran as its chairman with immediate effect, an Indian media report said.
In a regulatory filing cited by Economic Times of India (ET), the company said “the board of directors have today appointed Natarajan Chandrasekaran as additional director and chairman of the board with immediate effect”.
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The appointment comes within a week of Tata Sons announcing Chandrasekaran as its executive chairman, capping two months of a bitter boardroom battle that followed the unceremonious sacking of Cyrus Mistry and a media slanging match ever since.
Popularly known as ‘Chandra’, the 54-year-old will take charge of US$103bn Tata Sons, the main holding company of the salt-to-software conglomerate from 21 February, ET said.
ET said he will have to take the responsibility of turning around the struggling homegrown automaker which is trying to regain lost ground, specially in the passenger vehicles segment.
Chandrasekaran will also have to pay special attention to the Nano. Mistry had alleged that Tata Motors has been unable to shut down the loss making small car due to “emotional reasons” and doing so would also stop the supply of [engineless] “gliders” to an entity that makes electric cars in which Ratan Tata has a stake.
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