Tata Motors Managing director death mystery. Indians are no more interested in purchasing NANO, Please Read last two paragraphs. Times of India Jan 27, 2014, 12.25AM IST TNN & Agencies NEW DELHI/BANGKOK: Tata Motors managing director Karl Slym died on Sunday after apparently falling from a high floor of a five-star hotel in Bangkok. Slym, who was scripting a revival strategy for the company, had gone to Thailand to attend a board meeting of the firms unit there. A company spokesperson said a postmortem would be carried out on Monday. Details about the accident were sketchy. Bloomberg quoted a company spokeswoman as saying that he fell from the citys Shangri-La hotel, where he was staying, Slym, 51, a British national, was known to be an affable and highly-focused manager. He was the head of GMs India operations before joining Tata Motors in October 2012. He was the first expatriate and the fourth managing director of the $100 billion Tata Groups flagship company, Tata Motors. Karl (Slym) joined us in October 2012, and was a valued colleague who was providing strong leadership at a challenging time for the Indian auto industry. In this hour of grief, our thoughts are with Karls wife and family, Tata Motors chairman Cyrus P Mistry said in a statement. Tata Motors has been going through a rough patch particularly as buyers shunned the low-cost Nano after its spectacular debut in March 2009. Its other cars such as the Indica and Indigo too have struggled in a market hit by the economic slowdown. In what was perhaps his last media interview, Slym also told TOI that he was confident that the Nano would bounce back in a modern and young avatar, and had detailed plans for new launches.
Posted on: Mon, 27 Jan 2014 01:22:47 +0000
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