Versuchen GOLD - Frei

JLR CEO Balaji's early trials: top exit, cyberattack impact

Mint New Delhi

|

December 04, 2025

Gerry McGovern's abrupt removal has created uncertainty over brand and design strategy

- Ayaan Kartik

The tenure of Jaguar Land Rover's (JLR) new chief executive P.B. Balaji, has begun with twin crises of dealing with the exit of chief creative officer Gerry McGovern and the loss of business due to the halt in production in September and October owing to the cyberattack.

According to a report in Autocar India, McGovern was sacked from his role at the Tata Motors PV owned JLR and was escorted out of the company's office in Coventry, UK. The development comes just a couple of weeks after Tata Motors' former CFO, Balaji, took over as the chief executive of the UK-based company on 17 November. The company has not yet appointed a replacement for McGovern.

Tata Motors Passenger Vehicles Ltd shares fell 1.17% on Wednesday, compared to a 1.2% fall in Nifty Auto index. The chief creative officer is responsible for the brand image and design language of an automotive brand, with McGovern considered close to the late industrialist Ratan Tata.

McGovern's exit, who was with JLR since 2004, is the second high profile departure at the British firm following the announcement in July of Adrian Mardell's departure from the role of chief executive. During this period, the company faced a cyberattack, which forced it to halt production in September and for a few days in October.

WEITERE GESCHICHTEN VON Mint New Delhi

Mint New Delhi

Small-town wealthy dive into high-risk PMS schemes

Sophisticated, high-risk investments are no longer confined to the rich in metropolitan cities.

time to read

3 mins

December 04, 2025

Mint New Delhi

Mint New Delhi

JFE's mega deal for Bhushan Steel to help JSW slash debt

In a deal that is expected to ease its stretched balance sheet while sustaining an expansion drive, billionaire Sajjan Jindal-led JSW Steel will transfer the steel assets of Bhushan Power & Steel Ltd (BPSL) into a new 50:50 joint venture with Japan’s JFE Steel Corp.

time to read

2 mins

December 04, 2025

Mint New Delhi

Mint New Delhi

Sanchar Saathi: The flip-flop over a tracking app

India's communications ministry on Wednesday rolled back its move to make Sanchar Saathi, a lost phone tracking app, mandatory for all mobile devices.

time to read

2 mins

December 04, 2025

Mint New Delhi

Rupee past 90

For the rupee, finding a floor seems to be getting difficult. On Wednesday, it slid past the psychologically-important 90 mark against the dollar to touch an all-time low of 90.29, before recovering slightly to end at 90.19.

time to read

1 min

December 04, 2025

Mint New Delhi

IT sheds weight in indices as AI rises

Combined weight of IT cos in BSE Sensex down to 18-year low

time to read

3 mins

December 04, 2025

Mint New Delhi

Indian Gas Exchange board approves IPO

The Indian Energy Exchange (IEX) on Wednesday said the board of Indian Gas Exchange (IGX) has decided to go public to raise funds through an initial public offering (IPO).

time to read

1 min

December 04, 2025

Mint New Delhi

Healthify targets US market for growth

Digital health and wellness startup Healthify is making the US its core focus as it looks to make the country its main source of revenue, according to a top executive at the company.

time to read

2 mins

December 04, 2025

Mint New Delhi

Airbus cuts target after jet issues

Airbus cut its full-year commercial delivery target by 4% to around 790 jets on Wednesday but maintained its financial goals, sending its shares bouncing higher as the European planemaker cleared the air over its latest industrial setback.

time to read

1 min

December 04, 2025

Mint New Delhi

Adani plans $15 bn airports expansion

The Adani Group plans to invest $15 billion to boost passenger capacity at its airports to 200 million annually in the next five years, people familiar with the matter said, helping power India's aviation boom as it prepares to list its airport unit.

time to read

1 min

December 04, 2025

Mint New Delhi

Electricity: Empowered markets need good regulation

The power sector has emerged as a key lynchpin of the economic engine that the government is revving up to help drive India’s growth in times of geopolitical tumult.

time to read

3 mins

December 04, 2025

Listen

Translate

Share

-
+

Change font size