Tata Motors falls 4.5% after Karl Slym's death

Shares in Tata Motors fell 3 percent 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.

Reuters| Updated: Jan 27, 2014, 10:43 AM IST

Mumbai: Shares in Tata Motors fell over 4.5 percent 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.