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PB Balaji, currently the Group CFO of Tata Motors, has been appointed as the next CEO of Jaguar Land Rover (JLR), becoming the first Indian to lead the iconic British carmaker. He will take charge in November 2025, following the retirement of Adrian Mardell. Balaji’s appointment comes 17 years after Tata Motors acquired JLR from Ford for $2.3 billion in 2008, transforming it from a loss-making company into a global success.