Tata Motors falls over 4.5% after MD Karl Slym's death

Slym was hired in 2012 to revives sales, market share of the company

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Reuters Mumbai
Last Updated : Jan 27 2014 | 10:27 AM IST

Shares in Tata Motors fell over 4.5% on Monday after the automaker's managing director, Karl Slym, died on Sunday when he fell from a high floor of a hotel in Bangkok.

A native of Britain, Slym was hired in 2012 to revive flagging sales and market share in the domestic business of India's biggest automaker, which is part of the Tata conglomerate.

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First Published: Jan 27 2014 | 10:24 AM IST

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