Just in:
Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // In Lok Sabha Polls In Punjab, AAP Is Advantageously Placed As Against Its Three Rivals // HSBC Streamlines Gold Investment for Hong Kong Residents with Tokenized Product // Hullabaloo About Electoral Bonds May End Up As A Whimper Pre And Post Poll // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Renewables Surge Sets Record, But Global Equity Lags // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Emirates Post Speeds Up Deliveries for GCC with Special Day // US reiterates concern over Kejriwal arrest, Cong accounts // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Near Miss at Kolkata Airport: IndiGo Plane Makes Contact with Stationary Air India Express // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // Party Nominees Refusing To Contest: Major Perception Threat For BJP // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” //
HomeMarketsTata Motors MD dead: suicide suspected

Tata Motors MD dead: suicide suspected

tatamotorsKarl Slym, managing director of Tata Motors Ltd, died after falling from a hotel room in Bangkok in what police said on Monday could be possible suicide.

Slym, 51, had attended a board meeting of Tata’s Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on the fourth floor, which juts out above lower floors.

“We didn’t find any sign of a struggle,” Police Lieutenant Somyot Boonyakaew, who is heading the investigation, told Reuters.

ADVERTISEMENT

“We found a window open. The window was very small so it was not possible that he would have slipped. He would have had to climb through the window to fall out because he was a big man. From my initial investigation we believe he jumped.”

The police found a three-page note, written in English, which they were translating into Thai. An autopsy on Slym’s body should begin on Monday.

A spokeswoman for Tata Motors, India’s biggest automaker, declined to comment on the possible cause of Slym’s death. A company statement on Sunday said Slym had provided leadership in a challenging market environment.

TURNING THE CORNER

Slym, a British national, was hired in 2012 to revive Tata’s flagging sales and market share in India. Tata Motors is part of the Tata conglomerate.

“His death comes at a time when the company seems to be close to turning the corner,” said Anil Sharma, an analyst with researchers IHS Automotive. “It comes before his efforts bear fruit. We should be able to see the results in a year or two.”

Tata Motors recently introduced a new petrol engine for its passenger vehicles and was planning to launch a hatchback and compact sedan this year, the first all-new Tata-branded passenger vehicles since 2010.

Slym led the automaker’s operations in India and international markets including South Korea, Thailand and South Africa, but he did not look after the Jaguar and Land Rover (JLR) luxury unit that Tata Motors acquired in 2008.

The Thai police said they were called to the Shangri-La hotel around 7:45 a.m. on Sunday after staff found Slym’s body. They woke up Slym’s wife, who looked shocked when she was told what had happened to her husband.

Tata Motors had lost traction in the Indian passenger vehicle market as domestic and foreign rivals rolled out new models while it mostly tweaked existing models and offered heavy price discounts.

The firm has not had a hit car at home since 1998. Sales of the Nano, the world’s cheapest car which it unveiled in 2008, have been lacklustre.

Before joining Tatar Motors, Slym was executive vice president of SGMW Motors, China, a General Motors (GM.N) joint venture. Before that he had headed General Motors in India.-Reuters

ADVERTISEMENT

ADVERTISEMENT
Just in:
Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // 2024 Lok Sabha Election Is A Historic Battle Against The Advent Of Fascism In India // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Arvind Kejriwal Gets International Heft Against The Deshi Vishwaguru // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // Hullabaloo About Electoral Bonds May End Up As A Whimper Pre And Post Poll // Party Nominees Refusing To Contest: Major Perception Threat For BJP // Universal Language for Healthcare: General Authority Embraces Global Coding System // Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // Emirates Post Speeds Up Deliveries for GCC with Special Day // The World’s First & Wettest Party: “S2O Hong Kong Songkran Music Festival” proudly returns Get an immersive water and music experience on 8-9 June during Dragon Boat Festival long weekend at Central Harbourfront Event Space! // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress //