April 15, 2021

Tata Motors appoints Marc Llistosella as CEO & MD

has introduced that Marc Llistosella has been appointed to the function of Chief Government Officer and Managing Director of the corporate efficient 1st July 2021.

N Chandrasekaran, Chairman, Tata Motors Restricted stated: ” Marc is an skilled automotive enterprise chief with deep data and experience in Industrial Autos over his illustrious profession and has in depth operational expertise in India. Marc will deliver this expertise to take the Tata Motors Indian enterprise to even

larger heights.”

Llistosella was most not too long ago the President and CEO of Fuso Truck and Bus Company and Head of Daimler Vans in Asia. He was earlier the MD and CEO of Daimler India Industrial Autos Pvt Ltd. Commenting on his appointment Mr Llistosella stated, ” Having been bonded to India for thus a few years, a brand new thrilling chapter is now opened.

We’d collectively awaken the potential of Tata Motors.”

Mr Guenter Butschek has knowledgeable his need to relocate to Germany on the finish of the contract for private causes. He has kindly accepted the request of the Board of Tata Motors to proceed because the MD & CEO until 30th June 2021. ET reported earlier within the day concerning the board assembly in the present day. The corporate is presently again on the expansion mode after recording years of difficult interval.

The auto main posted a 67.2% surge in revenue for the December quarter, following a pick-up in gross sales in a number of of the carmaker’s key rising markets.

As a result of a robust festive season,rural decide up and desire for private mobility, its PV enterprise posted its highest gross sales in final 33 quarters. Prior to now one month, Tata Motors
has outperformed the market as its shares rose 67 per cent on higher operational efficiency. Analysts say the corporate noticed continued quantity restoration in each companies in Q3FY21.