The Board of Directors of Tata Motors Limited, on October 31, 2026, accepted the resignation of its previous statutory auditors, M/s. B S R & Co. LLP. Concurrently, the Board approved the appointment of M/s. Deloitte Haskins & Sells LLP as the new statutory auditors, subject to shareholder approval. This change aims to fill the casual vacancy created by the resignation.
Statutory Auditor Change at Tata Motors
Tata Motors Limited (formerly TML Commercial Vehicles Limited) announced a significant change in its statutory auditors following a Board of Directors meeting held on October 31, 2026. The Board officially acknowledged the resignation of M/s. B S R & Co. LLP, Chartered Accountants, from their role as the Company’s statutory auditors, effective October 30, 2026. The resignation was noted without any material concerns raised by the auditors regarding the company’s management.
Deloitte Appointed as New Auditors
In a subsequent resolution, the Board approved the appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, as the new statutory auditors for Tata Motors. This appointment, made upon the recommendation of the Audit Committee, is effective from October 31, 2026. The new auditors will fill the casual vacancy arising from the resignation of B S R & Co. LLP. This appointment is pending the requisite approval from the company’s shareholders.
Resignation Rationale
The resignation of B S R & Co. LLP was prompted by the ongoing acquisition of Iveco Group N.V. by Tata Motors. Following the completion of this acquisition, Iveco is expected to become a subsidiary. To ensure consistency and synergies in the audit process across the group, particularly with Iveco’s existing audit firm, Tata Motors proposed aligning its group auditors. This strategic alignment led to the mutual agreement for B S R & Co. LLP to resign.
Details of New Auditors
M/s. Deloitte Haskins & Sells LLP will assume the statutory auditor role until the conclusion of the Company’s 3rd Annual General Meeting. The firm was constituted in Mumbai in 1997 and converted into a Limited Liability Partnership (LLP) in November 2013. They are registered with the Institute of Chartered Accountants of India (Firm Registration No. 117366W/W-100018) and are part of a larger network of firms.
Board Meeting Information
The Board Meeting, during which these decisions were made, commenced at 1:30 p.m. IST and concluded at 2:00 p.m. IST on October 31, 2026.
Source: BSE
