N. Chandrasekaran appointed as Tata Motors chairman

Less than a week after he was appointed chairman of Tata Sons – and less than 24 hours before Tata Motors launches its Hexa crossover flagship in Mumbai – N Chandrasekaran has been appointed by Tata Motors as its chairman with effect from January 17, 2017. 

‘Chandra’, as he is popularly known in the corporate world, has been with the Tata Group since he joined the company in 1987, was the CEO and MD of Tata Consultancy Services since 2009. The tech flagship of the Tata Group commands a market capitalisation of around $17 billion.

He takes over at a time when the Tata Motors Group is set to roll out an expansive new product programme across its passenger vehicle and commercial vehicle segments. While the launch of the new Hexa is the first of the passenger vehicles, the company recently launched the Xenon Yodha pickup to drive gains in the light commercial vehicle market.

How Tata Motors December 2016 sales stack up

The Tata Motors Group global wholesales in December 2016, including Jaguar Land Rover, were at 95,081 units, higher by 4%, over December 2015. Cumulative wholesales for the fiscal were 822,807 units, higher by 9% over FY2015-16.

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in December 2016 were 30,879 units, lower by 5%, compared to December 2015. Cumulative commercial vehicles wholesales for the fiscal were 284,681 units, higher by 4%, over FY2015-16.

Global wholesales of all passenger vehicles in December 2016 were at 64,202 units, higher by 8%, compared to December 2015. Cumulative passenger vehicle wholesales for the fiscal were 538,126 vehicles, higher by 6%, over FY2015-16.

Global wholesales for Jaguar Land Rover were 53,063 vehicles. Jaguar wholesales for the month were 15,879 vehicles, and cumulative wholesales were 126,661 vehicles, while Land Rover wholesales for the month were 37,184 vehicles, while its cumulative wholesales no. were 295,633 vehicles. Cumulative wholesales for Jaguar Land Rover for the fiscal were 422,294 vehicles.

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New Tata Sons chairman is TCS head N. Chandrasekaran