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Tata Motors falls 4.5% after Karl Slym's death

Reuters | Last Updated: Monday, January 27, 2014 - 10:43

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.

First Published: Monday, January 27, 2014 - 09:36
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