(FILES) Chairman of the Board at Tata Sons Natarajan Chandrasekaran attends an investors meeting with France's President Emmanuel Macron in Mumbai on February 18, 2026. In little over a month, the chairman of India's corporate giant Tata Group has gone from seeking another term to announcing his departure to returning to the role. The saga around N. Chandrasekaran, who has headed the $185-billion empire for nearly a decade, has laid bare the succession challenge confronting India's industrial behemoths. (Photo by Ludovic MARIN / AFP via Getty Images)

(FILES) Natarajan Chandrasekaran, chairman of Tata Sons, speaks during the launch of the Tata Nexon EV electric car, in Mumbai on January 28, 2020. In little over a month, the chairman of India's corporate giant Tata Group has gone from seeking another term to announcing his departure to returning to the role. The saga around N. Chandrasekaran, who has headed the $185-billion empire for nearly a decade, has laid bare the succession challenge confronting India's industrial behemoths. (Photo by INDRANIL MUKHERJEE / AFP via Getty Images)

(FILES) Chairman of Tata Sons Natarajan Chandrasekaran (R) and Managing Director at Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Shailesh Chandra pose with a model of the new concept car 'Avinya', which is based on the Pure EV architecture (Gen 3), during its unveiling ceremony in Mumbai on April 29, 2022. In little over a month, the chairman of India's corporate giant Tata Group has gone from seeking another term to announcing his departure to returning to the role. The saga around N. Chandrasekaran, who has headed the $185-billion empire for nearly a decade, has laid bare the succession challenge confronting India's industrial behemoths. (Photo by Punit PARANJPE / AFP via Getty Images)

(FILES) Chairman of Tata Sons and Tata Motors, Natarajan Chandrasekaran, speaks during the Auto Expo 2020 at Greater Noida on the outskirts of New Delhi on February 5, 2020. In little over a month, the chairman of India's corporate giant Tata Group has gone from seeking another term to announcing his departure to returning to the role. The saga around N. Chandrasekaran, who has headed the $185-billion empire for nearly a decade, has laid bare the succession challenge confronting India's industrial behemoths. (Photo by Money SHARMA / AFP via Getty Images)

Containers are seen on the MSC FEBE ship at the Port of Ningbo-Zhoushan in Ningbo, in China's eastern Zhejiang Province on September 22, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

NEW YORK, NEW YORK - SEPTEMBER 22: (L-R) Liz Hoffman, business editor at Semafor, and Kristalina Georgieva, managing director for the International Monetary Fund, speak onstage during "Semafor: The Next 3 Billion" at Convene on September 22, 2026 in New York City. (Photo by Roy Rochlin/Getty Images for Semafor)

NEW YORK, NEW YORK - SEPTEMBER 22: (L-R) Liz Hoffman, business editor at Semafor, and Kristalina Georgieva, managing director for the International Monetary Fund, speak onstage during "Semafor: The Next 3 Billion" at Convene on September 22, 2026 in New York City. (Photo by Roy Rochlin/Getty Images for Semafor)

NEW YORK, NEW YORK - SEPTEMBER 22: (L-R) Liz Hoffman, business editor at Semafor, and Kristalina Georgieva, managing director for the International Monetary Fund, speak onstage during "Semafor: The Next 3 Billion" at Convene on September 22, 2026 in New York City. (Photo by Roy Rochlin/Getty Images for Semafor)