N. Chandrasekaran appointed as the Chairman of Tata Motors

Tata Motors has officially appointed N. Chandrasekaran as its new Additional Director and Chairman. He will be taking responsibility of the new position from immediate effect. Chandrasekaran was recently named the Executive Chairman of Tata Sons, the $103 billion holding company of the salt-to-software conglomerate.

Chandrasekaran joins Tata Motors at a time when the company is about to launch a range of new products as an attempt to regain its lost market share. Though the Tiago hatchback launched last year did help the car maker to take the third spot in the monthly sales charts, Tata is relying heavily on its upcoming products to enhance its market share and bring new customers into its portfolio. The first of these products - the Tata Hexa will be launched today, just a day after Chandrasekaran takes charge of his new role. Other products in the pipeline include the Nexon compact SUV and the Kite5 compact sedan.

It will also be interesting to see how N. Chandrasekaran handles the Nano project. Cyrus Mistry, who was ousted from his role as Chairman of Tata Sons in October last year, had mentioned that the Nano was attracting huge losses for the company. However, Tata Motors has been unable to shut down the project due to 'emotional reasons'. According to the ousted Chairman, the Nano has constantly recorded losses for the automaker, peaking at Rs. 1,000 crore.

Chandrasekaran has been a part of the Tata Group since 1987. He was appointed as the CEO and MD of Tata Consultancy Services (TCS) in 2009. Under his leadership, TCS has grown to be the country's most valuable IT company.

Source: ET Auto