Jaguar Land Rover has confirmed its CEO Ralf Speth will step down from the role when his contract expires in September 2020.
He will remain with the company, though, staying on as non-executive vice chairman, and keeping his seat on the board of Tata Sons.
The German engineer has been in charge of the British luxury car maker since 2010, taking over not long after Tata bought the automaker from Ford in the middle of 2008.
Tata says it has formed a search committee, and hopes to "identify a suitable successor in the coming months".
In a statement to the press Speth said: “I feel very honoured to have worked with so many dedicated and creative people, both inside and outside of Jaguar Land Rover. We have elevated Jaguar and Land Rover."
Under Speth's leadership, Jaguar moved beyond sports cars and sedans with the 2012 XF Sportbrake wagon and the 2017 F-Pace crossover. Its second crossover, the I-Pace, was also Jaguar's first full electric model.
Financially things headed south during 2018 when the company racked up billions of pounds in losses thanks to uncertainty related to Brexit, problems in China and slumping demand for diesels.
The company ended up axing 4500 jobs, or around 10 per cent of its global workforce, as part of a £2.5 billion ($4.8 billion) cost cutting drive.
With a turnaround plan focussing more on profit than volume, the company has started turning a profit again and reports about the company's potential sale have ebbed away.
Despite this, the company just announced it will be looking to cut a further £1.1 billion ($2.1 billion) in costs by March 2021.