News ArticleTata Motors appoints Deloitte Haskins & Sells LLP as new statutory auditor following B S R & Co. LLP's resignation
Appointment effective October 31, 2026, subject to shareholder approval, coinciding with completion of Iveco acquisition to align audit functions within the group
Tata Motors Limited disclosed the resignation of statutory auditor B S R & Co. LLP effective October 30, 2026, and approved the appointment of Deloitte Haskins & Sells LLP as the new statutory auditor from October 31, 2026, pending member approval. The change aligns audit processes with Tata Motors' recent acquisition of Iveco Group N.V.
Tata Motors Limited
Change in Management
Tata Motors Limited announced the resignation of its statutory auditors, B S R & Co. LLP, effective October 30, 2026, and the appointment of Deloitte Haskins & Sells LLP as the new statutory auditors, starting October 31, 2026, pending member approval, to streamline audit processes after acquiring Iveco Group N.V.
The Board of Directors of Tata Motors Limited met on October 31, 2026, and took note of the resignation of B S R & Co. LLP as statutory auditors effective October 30, 2026, citing alignment with the company's strategic changes post-acquisition.
Following the resignation, the Board approved the appointment of Deloitte Haskins & Sells LLP as statutory auditors to fill the casual vacancy from October 31, 2026, subject to the approval of the company's members at the upcoming general meeting.
B S R & Co. LLP issued their resignation letter referencing the completion of Tata Motors’ acquisition of Iveco Group N.V., which will become a subsidiary, necessitating audit alignment within the group.
Deloitte Haskins & Sells LLP, established in 1997 and converted to LLP in 2013, will hold office until the conclusion of the 3rd Annual General Meeting after their appointment.
Highlights
- B S R & Co. LLP resigned as statutory auditor effective October 30, 2026.
- Deloitte Haskins & Sells LLP appointed effective October 31, 2026, subject to shareholder approval.
- Resignation linked to Tata Motors' acquisition of Iveco Group N.V.
- Deloitte Haskins & Sells LLP to hold office until the 3rd Annual General Meeting.
- No concerns or material issues cited related to B S R & Co. LLP’s resignation.
Key Data Snapshot
What happened
- B S R & Co. LLP resigned as statutory auditors of Tata Motors effective October 30, 2026.
- Tata Motors appointed Deloitte Haskins & Sells LLP as new statutory auditors starting October 31, 2026.
- Appointment is pending approval from the company’s members at the general meeting.
- The auditor change follows Tata Motors' acquisition of Iveco Group N.V., which will become a subsidiary.
- The Board approved the appointment based on the Audit Committee’s recommendation.
Key details
- B S R & Co. LLP was appointed as statutory auditors on September 26, 2025, for a five-year term ending 2030.
- They completed auditing the quarter ended September 30, 2026, and issued reports dated October 23, 2026.
- Deloitte Haskins & Sells LLP is a firm established in 1997, converted to LLP in 2013, registered with the ICAI (Firm Registration No. 117366W/W-100018).
- The new auditor’s registered office is located in Mumbai, Maharashtra.
- No concerns or material reasons were cited by the outgoing auditor for resignation.
Background and context
- The resignation coincides with the completion of Tata Motors’ acquisition of Iveco Group N.V.
- Iveco’s financial statements will be consolidated with Tata Motors post-acquisition.
- The change in auditor aims to align audit synergies and consistency within the group.
- The outgoing auditor resigned by mutual agreement to facilitate this alignment.
- Both auditor firms’ appointments and resignations comply with SEBI Listing Regulations requirements.
Highlights
- B S R & Co. LLP resigned as statutory auditor effective October 30, 2026.
- Deloitte Haskins & Sells LLP appointed effective October 31, 2026, subject to shareholder approval.
- Resignation linked to Tata Motors' acquisition of Iveco Group N.V.
- Deloitte Haskins & Sells LLP to hold office until the 3rd Annual General Meeting.
- No concerns or material issues cited related to B S R & Co. LLP’s resignation.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Regulations 30 and 51
- SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
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