Tata Motors today said it has appointed former General Motors India President Karl Slym as its Managing Director. "Slym shall lead all operations of Tata Motors in India and international markets, including South Korea, Thailand, Spain, Indonesia and South Africa," the company said in a statement.
Jaguar Land Rover would continue to be managed independently, it added. Prior to his appointment, Slym has been the Executive
Vice-President and Board Member SGMW Motors, a three way joint venture China's SAIC Motor Corporation Ltd and Liuzhou Wuling Motors Co Ltd and General Motors.
Slym has the experience of working in India when he was the President and Managing Director of General Motors India. The post of MD at Tata Motors has been lying vacant since the retirement of P M Telang on June 21. In the interim the company's overall responsibility was taken care of by an interim committee comprising its Chairman Ratan Tata and Vice-Chairman Ravi Kant.
Slym is expected to take over his responsibilities on October 1, the company said.
Malaysian budget carrier AirAsia formally announced the appointment of Subramanian Ramadorai as its non-executive chairman of India operations.
As India's tech hub and Bangalore will get more funds in the new budget for this fiscal (2013-14) to meet its infrastructure needs, Karnataka Chief Minister Siddaramaiah said Tuesday.
Higher prices of foodstuff such as cereals and vegetables continue to put pressure on India's overall inflation rate, the Reserve Bank of India (RBI) said Monday.
Reserve Bank today kept the key interest rates unchanged citing elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows
KTS announced a 10.50 per cent hike in bus fares to mop up an additional Rs 186.72 crore annually.
The rupee on Friday strengthened by 35 paise to 57.63 against the dollar in early trade.
Growth in India is projected to rise to 5.7 percent in the 2013 fiscal year and firm to 6.5 percent and 6.7 percent in FY2014 and FY2015, respectively