Parent company Tata Motors said Mr Bollore (59) is resigning due to personal reasons.

JLR’s current head of finance, Adrian Mardell, will take over as interim CEO. Mr Mardell has been with Jaguar Land Rover for 32 years and is currently a member of its executive board.

Mr Bollore, the former head of Renault, was hired as CEO in 2020 to return Britain’s biggest car-maker to profit after suffering financially from the effects of the COVID-19 pandemic.

He was previously CEO of Renault but had been removed from that post amid the fallout from the Carlos Ghosn scandal.

Mr Bollore has been revamping JLR’s business model in an electric-focused strategy plan called “Reimagine” with his work earning him a 2021 Automotive News All-Star award.

His resignation comes as JLR struggles to ramp up production amid industry wide supply chain issues, as well as making meaningful headway on electrification.

In a statement about the move to electrification, Mr Bollore said: “The company’s transformation and acceleration towards a sustainable, profitable future as a modern luxury business is underway at great pace.”

Hampered by the pandemic and related issues, JLR sales in the United States plunged 37 per cent to 44,100 vehicles through the first nine months of 2022. In Australia, during the first 10 months of 2022 the Jaguar brand fell 41.9 per cent (665 sales) and Land Rover fell 34.9 per cent with 3928 sales.

In February 2021, Mr Bollore announced plans for Jaguar to move away completely from internal combustion engines by 2025, and for Land Rover to introduce electrified variants from 2024.

In May, Bloomberg News reported JLR was in talks with Northvolt and SVolt Energy Technology about supplying batteries for a range of EVs it may assemble in Slovakia.

Headwinds: Under CEO Thierry Bollore, JLR has been struggling with sales, supply chains and slow progress on electric vehicles as Jaguar’s 2025 all-EV deadline looms.

By Neil Dowling