Tata Motors' Managing Director, Karl Slym passed away yesterday, after falling from a high floor of a hotel in Bangkok. Karl Slym was there to attend the Tata Motors Thailand Ltd. board meeting.
"The company shares the grief of Karl Slym's wife and family at their irreparable loss,” Tata Motors said in a statement.
Expressing shock and condolences over the death, Tata Group chairman Cyrus Mistry said “I am deeply saddened to inform you about the untimely and tragic demise of our company's Managing Director, Karl Slym. Karl joined us in October 2012, and was a valued colleague who was providing strong leadership at a challenging time for the Indian auto industry. In this hour of grief, our thoughts are with Karl Slym's wife and family."
"His death comes at a time when the company seems to be close to turning the corner, with new designs and a new petrol engine family, which hasn't been Tata's strong point", said Anil Sharma, an analyst with IHS Automotive.
Before joining Tata Motors as an MD, he worked for General Motors as a President and Managing Director.
Slym was providing leadership to the company through a challenging market environment, the company said in a statement on Sunday.