November 7, 2012: Cyrus P Mistry, deputy chairman of Tata Sons, has been appointed deputy chairman of Tata Motors. He will be the chairman designate and will take over as chairman from Ratan N Tata when he retires in December 2012. Mr Mistry will also be appointed to the Board of Jaguar Land Rover. Meanwhile, Ravi Kant has stepped down as director of Jaguar Land Rover.

Cyrus Mistry was inducted to the Board of Tata Motors in May 2012. A director of Tata Sons since 2006, he was appointed deputy chairman of Tata Sons in November 2011.