Do we like Tata Group?
Indian conglomerate (steel, cars/JLR, IT, power, retail, hotels) based in Mumbai, run through holding company Tata Sons.
Our score: 6 out of 10. A huge, long-established group with real jobs and a charity-owned structure. But the boardroom fight, the JLR hack and the Port Talbot job cuts keep us at a mixed 6.
Tata is India's best-known conglomerate. It runs through Tata Sons, and Tata Trusts hold the controlling stake. Noel Tata chairs the Trusts and N. Chandrasekaran chairs Tata Sons. The two are now openly at odds.
The row is over Chandrasekaran's reappointment. Noel Tata challenged the 17 September board resolution. The Trusts called it a "legal nullity", saying Tata Sons' rules need both Trust-nominated directors to back it. Reports on his current status conflict, and a possible Tata Sons listing is also contested.
Over at Jaguar Land Rover, owned via Tata Motors, a 2025 cyberattack halted production. JLR booked £196m in exceptional direct costs, and the Cyber Monitoring Centre put the wider hit at about £540m. Tata Motors' passenger-vehicle arm reported a loss for the quarter, which it blamed on the hack.
In the UK, the government confirmed a £500m subsidy to Tata Steel UK for greener steelmaking at Port Talbot. The deal still means about 2,500 job losses, and unions criticised the plans. Tata is also the UK's biggest industrial CO2 emitter.