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Tata’s Finance Chief Steps In as JLR CEO Amid Turmoil and Electric Car Uncertainty
Not much is known about PB Balaji, but he could be the safe pair of hands that JLR needs
The appointment of Tata’s highly experienced chief financial officer, PB Balaji, to replace Adrian Mardell as CEO of JLR will always be remembered for the extraordinary intervention of US president Donald Trump.
The 47th president claimed, out of the blue and without the slightest justification for such incendiary remarks, that Mardell was leaving “in disgrace” and that Jaguar was in “absolute turmoil”.
If Balaji (pictured below), JLR’s first Indian CEO, didn’t already know he was facing a tough assignment, he certainly does now.
The sheer speed of the Balaji announcement makes it clear how anxious the Tata parent board must have been to get its hands directly on the reins of its cash-cow British subsidiary, which has recently been generating up to two-thirds of Tata’s total group revenue.
Balaji’s appointment was confirmed on Monday, just four days after Mardell’s departure announcement, even though JLR had originally intimated, with the mock calmness of routine corporate announcements, that the identity of a new CEO would be announced “in due course”. It is now perfectly clear that Tata felt there wasn’t a moment to lose.
There had already been ample warning that JLR’s recent excellent financial results were about to be torpedoed in the latest quarter by a dearth of Jaguars to sell and by the ill effects of rising US tariffs (which forced the brand to stop US exports in April amid the uncertainty). The latter looks especially serious since the Discovery and best-selling Defender are made in higher-tax Slovakia, not alongside the Range Rover in lower-tax Solihull.
It was also clear there would be no abatement in the new electric Jaguar turmoil of the past nine months, given that the Type 00 concept design was continuing to prove highly controversial and the recent news that the launch of production models would be postponed (along with that of the Range Rover Electric) because of a feared lack of demand for luxury EVs.

Whatever the shortcomings of outgoing CEO Mardell and his even more controversial predecessor, Thierry Bolloré, PB Balaji seems to have a rock-solid pedigree. He has run the Tata Group’s finances since 2017 and is credited with righting a corporate ship that was listing dangerously when he took over, an achievement that has brought a healthy rise in Tata’s share price. It is still to be established whether he can be classed as a 'car guy' in the way of Ratan Tata, the group’s patriarch, who led Tata’s acquisition of JLR 17 years ago.
JLR sources say Balaji has been involved in the management of the British operation “for many years” and well understands the intricacies of the Reimagine strategy revealed with Bolloré. That does not prevent him making changes, however. One of the fascinations of the near future will be watching whether (and how) JLR’s shape changes.
So far, Balaji has had nothing to say about his future plans and little is known of his management style. But his record speaks of proven competence at managing difficult situations, a commodity JLR looks like needing in spades.
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Vauxhall Frontera Electric Extended Range Delivers 253 Miles for Under £28K
Bigger battery for chunky little crossover EV adds up to 67 miles of range per charge
Vauxhall has added a new Extended Range version of its new Frontera Electric crossover, offering up to 253 miles per charge for less than £28,000.
The longer-legged version of Vauxhall's Ford Puma Gen-E rival switches the standard 44kWh battery for a 54kWh pack that adds up to 67 miles between charges on the WLTP test cycle.
It uses the same 111bhp, 192lb ft front-mounted motor as the 44kWh car, giving a 0-62mph time of 13sec and a top speed of 88mph.
Peak charging speed is put at 100kW, which Vauxhall says will give a 20-80% charge in 28 minutes.
Available to order now from £27,495, the 54kWh Frontera has been priced well under the £37,000 threshold for the UK government's new Electric Car Grant (ECG).
It hasn't yet confirmed whether any Vauxhall models will be eligible for the grant, but the technically identical Citroën e-C3 Aircross, which is built alongside the Frontera in Slovakia, was among the first models to be added to the scheme.
It was deemed eligible for the lesser grant of £1500, making it likely that the Frontera Electric will be likewise.
The Frontera is now available with a choice of two electric powertrains – priced from £23,995 – or as a petrol-engined hybrid that produces 99bhp (for £24,225) or or 134bhp (for £28,165).
UK deliveries of the Frontera Electric had been scheduled to begin in the spring but have yet to commence. Autocar understands the car will arrive later than planned due to delays in the production ramp-up.
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