Tata MD Slym falls to death in Bangkok

|About: Tata Motors Limited (TTM)|By:, SA News Editor

Tata Motors' (TTM) Managing Director Karl Slym, who headed the company's Indian operations, has been killed after falling from a room on the 22nd floor of a hotel in Bangkok in what Thai police suspect is a possible suicide.

Slym had been in Thailand for a meeting of the board of Tata's unit in the country.

Analyst Anil Sharma says Slym's death comes as Tata seems to be turning a corner; the latter had been hired from GM in 2012 to revive falling sales and market share. "It comes before his efforts bear fruit. We should be able to see the results in a year or two," Sharma says.

Tata's shares are -4.2% in Bombay.