Industryweek 2693 Karlslym595

Tata Motors Appoints GM's Slym Managing Director

Aug. 14, 2012
Automaker’s British luxury brands Jaguar and Land Rover will continue to be managed independently.

India's top vehicle maker, Tata Motors (IW 1000/185), on Tuesday appointed General Motors' former India head, Karl Slym, as managing director, as the company battles falling domestic sales.

Slym, a car industry veteran, will head the India operations and the markets of South Korea, Thailand, Spain, Indonesia and South Africa.

Slym succeeds Prakash Telang, who retired in June as the head of Tata Motors, part of the giant Mumbai-based steel-to-tea Tata conglomerate.

Tata's British luxury brands Jaguar and Land Rover will continue to be managed independently.

Slym is likely to join Tata Motors on Oct. 1, the company said.

Tata Motors, which also makes utility vehicles and the low-cost Nano car, last Thursday posted a 12.2% rise to 22.44 billion rupees (US$406 million) in quarterly profit, helped by strong sales of Jaguar and Land Rover.

But Tata Motors' car sales in India slid 9.9% from a year earlier to 62,619 units, and its profit from stand-alone local operations nearly halved to 2.05 billion rupees in the June-ended quarter.

Tata has warned that slower Indian industrial growth and a weak economic outlook would impact overall demand in months ahead.

Copyright Agence France-Presse, 2012

Popular Sponsored Recommendations

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Turning Your Frontline Workforce into a Competitive Advantage: A Comprehensive Guide

Sept. 19, 2023
In this guide, we'll explore how manufacturers are using digital technologies to preserve the bottom line and maintain growth by enabling and empowering their #1 asset - their...

Risk-Based Asset Management (RBAM): Accounting for Risk in Your Asset Management Strategy

Sept. 14, 2023
What if you could get more out of assets, reduce the risk of critical failures AND keep all your stakeholders happy? It’s called risk-based asset management, or RBAM, and it’ll...

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!