Tata Motors appoints Deloitte for Iveco audit alignment

Tata Motors Limited appointed Deloitte Haskins & Sells LLP as statutory auditor from October 31, 2026, after B S R & Co. LLP resigned a day earlier. Tata Motors said the switch would align group audit work after the acquisition of Iveco Group N.V. was completed, while B S R reported no concerns about management and had completed its September 2026 quarter work.

Why did Tata Motors change its statutory auditor?

Tata Motors changed its statutory auditor to align audit processes after Iveco was expected to become a subsidiary following completion of the acquisition on October 30, 2026. B S R said Iveco’s financial statements were expected to be consolidated with Tata Motors’ consolidated financial statements, and management had expressed its intention to align auditors within the group.

B S R said the intended alignment was for synergies and consistency between Iveco’s audit firm and Tata Motors’ statutory auditor. The firm described its October 30, 2026 resignation as mutually agreed with Tata Motors, rather than as arising from accounting, financial-reporting or management issues.

Tata Motors’ October 31, 2026 filing separately stated that the outgoing auditor had raised no concerns regarding management. It also said there were no material reasons for B S R’s resignation other than those in the resignation letter, making the post-acquisition audit-alignment plan the stated reason for the transition.

The timing also links the change to the acquisition rather than unfinished reporting work. B S R had issued its audit and limited-review reports on October 23, 2026 for the quarter ended September 30, 2026, seven days before its resignation took effect.

When did B S R leave and Deloitte take over at Tata Motors?

B S R ceased as Tata Motors’ statutory auditor on October 30, 2026, and Deloitte was appointed from October 31, 2026. Tata Motors’ board approved the appointment, based on the Audit Committee’s recommendation, to fill the casual vacancy created by B S R’s resignation, subject to approval by the company’s members.

The board meeting on October 31, 2026 began at 1:30 p.m. Indian Standard Time and concluded at 2:00 p.m. The disclosed sequence provides for Deloitte’s appointment one day after B S R’s cessation, though the appointment remains conditional on member approval.

Deloitte is to hold office until the conclusion of Tata Motors’ third Annual General Meeting, according to the October 31 disclosure. The filing identifies Deloitte with Institute of Chartered Accountants of India registration number 117366W/W-100018 and B S R with registration number 101248W/W-100022.

Did B S R raise any concerns about Tata Motors?

No, B S R did not report concerns about Tata Motors’ management in its October 30, 2026 resignation disclosures. Tata Motors explicitly said no concerns had been raised, while B S R marked as not applicable the disclosure fields covering auditor concerns, requests for information and inability to obtain sufficient audit evidence.

B S R also confirmed that there was no other material reason for its resignation beyond the Iveco-related audit alignment. Its resignation annexure recorded “None” under other relevant facts and included a declaration that the information and attachments supplied were correct and complete.

The latest work B S R completed covered Tata Motors’ interim financial results for the quarter ended September 30, 2026. It audited the interim standalone condensed financial statements and financial results, while it performed a limited review of the interim consolidated condensed financial statements and financial results.

That difference in scope was stated in B S R’s report disclosure dated October 23, 2026. The standalone interim results received an audit, whereas the consolidated interim results received a limited review, with both processes completed before the auditor resigned on October 30, 2026.

What was B S R’s original term and Deloitte’s tenure?

B S R had been appointed at Tata Motors’ first Annual General Meeting on September 26, 2025 for five years, until the conclusion of the sixth Annual General Meeting expected in 2030. Its October 30, 2026 resignation therefore came before the end of the term originally disclosed.

Deloitte’s stated tenure is shorter than B S R’s original mandate. Tata Motors said Deloitte would fill the casual vacancy until the conclusion of the third Annual General Meeting, subject to member approval, while B S R’s appointment had been scheduled through the sixth Annual General Meeting in 2030.

B S R said it would forward a copy of Form ADT-3 to the Registrar of Companies in due course under the Companies Act, 2013. Tata Motors reported the auditor change under Regulations 30 and 51 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Who is Deloitte, Tata Motors’ new statutory auditor?

Deloitte is the statutory-audit firm that Tata Motors appointed on October 31, 2026 following the Audit Committee’s recommendation. Tata Motors’ profile says Deloitte Haskins & Sells, Mumbai was constituted in 1997 and converted into a limited liability partnership on November 20, 2013.

Deloitte is registered with the Institute of Chartered Accountants of India and is part of the Deloitte Haskins & Sells & Affiliates network of firms registered with that institute, according to the filing. Its registered office is listed at One International Center, Tower 3, 31st Floor, Senapati Bapat Marg, Elphinstone Road West, Mumbai 400013.

The filing does not say that Deloitte’s appointment changes Tata Motors’ September 2026 quarter results, which B S R had already reported on October 23, 2026. Instead, the disclosed rationale is the expected consolidation of Iveco and management’s plan for consistency in the audit process across the group.

Conclusion

Tata Motors presented the auditor change as a consequence of its Iveco acquisition and the expected consolidation of Iveco into the group. B S R resigned on October 30, 2026 after completing the September-quarter audit and review work, and the board approved Deloitte from October 31 to support the stated audit-alignment plan.

The next disclosed matter is member approval of Deloitte’s appointment. Deloitte’s tenure is stated to run until the third Annual General Meeting, while B S R’s former five-year appointment had been scheduled to continue until the sixth Annual General Meeting in 2030.